Allarity Therapeutics Gaining Momentum? Hits Multiple Milestones Including Positive Publications In PLOS One And At ASCO, Positive Early Data From An Ongoing Clinical Trial, And External Partnering For Its DRP(R) Technology

CAMBRIDGE, MA / ACCESSWIRE / September 14, 2023 / Allarity Therapeutics (NASDAQ:ALLR) is a biotechnology company focused on realizing true personalized cancer care by developing targeted cancer therapies coupled with companion diagnostics. The company's unique approach involves utilizing its proprietary Drug Response Predictor (DRP®) technology to identify which patients will most likely respond to a specific drug treatment. The DRP® platform generates drug-specific companion diagnostics that the company utilizes to select patients who are most likely to benefit from treatment with a given drug. This personalized medicine approach aims to improve patient outcomes and reduce the burden of unnecessary treatments while setting the company apart from competitors. The company currently has 3 drug candidates in its clinical development pipeline.

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Despite facing challenges in recent years and pipeline pivots, Allarity seems to be gaining momentum as a company dedicated to transforming cancer drug candidates into personalized medicine solutions using their DRP® companion diagnostic (CDx) technology. The company has made significant progress in improving the efficacy of its drug candidates by identifying and treating patients with the highest chances of benefiting from those drugs, thanks to the use of the DRP®. The publication of positive, early data from the ongoing Ixempra® trial and the data presented at ASCO on LiPlaCis®, now being developed by partner, serve as evidence that Allarity is advancing to transform the future of cancer treatment.

Despite a challenging biotech funding landscape, Allarity has also successfully raised $18.5 million in capital within the last six months, including a recent round of $11 million. The company has also initiated a new clinical trial exploring combination therapy using their assets stenoparib and dovitinib. Additionally, Allarity has recently entered into an agreement with Australian biotech FivepHusion, allowing them to utilize Allarity's DRP® companion diagnostic technology in their clinical trials and future commercialization efforts for their drug candidate, Deflexifol™. Allarity is confident that its DRP® technology, which analyzes the cancer cells' transcriptome (the sum of all of its RNA transcripts), can be at least as successful as the predictive biomarker approach used by several peers, such as Kura Oncology (KURA), which use a single or limited number of biomarkers as a patient screening method.