Allogene Therapeutics expands collaboration with Foresight Diagnostics to develop a companion diagnostic for cema-cel in treating LBCL.
Quiver AI Summary
Allogene Therapeutics has announced an expanded collaboration with Foresight Diagnostics to develop a minimal residual disease (MRD) assay as a companion diagnostic tool for identifying patients with large B-cell lymphoma (LBCL) who may benefit from treatment with cemacabtagene ansegedleucel (cema-cel). This collaboration aims to support the clinical development of cema-cel, currently being tested in the pivotal ALPHA3 trial as a first-line treatment. The MRD assay will help detect patients at risk of relapse after initial therapy, allowing them to receive cema-cel as a preventive treatment. Allogene plans to invest approximately $37.3 million in this initiative, highlighting its commitment to advancing cancer therapies and potentially transforming LBCL treatment.
Potential Positives
- Allogene Therapeutics announced an expanded collaboration with Foresight Diagnostics to develop a minimal residual disease (MRD) assay, enhancing the clinical utility of their investigational CAR T therapy, cemacabtagene ansegedleucel (cema-cel).
- The development of the MRD assay as a companion diagnostic aims to improve patient identification for treatment, potentially increasing the success rate and effectiveness of cema-cel in large B-cell lymphoma (LBCL).
- Allogene is investing approximately $37.3 million in this partnership, signaling a strong commitment to advancing cancer therapies and supporting regulatory approvals for cema-cel.
- The collaboration is expected to aid in the clinical development of cema-cel, with aspirations for the therapy to become a new standard of care for LBCL patients at high risk for relapse following initial treatment.
Potential Negatives
- The press release highlights a substantial investment of approximately $37.3 million for the development of the MRD assay, indicating potential financial strain on the company, particularly if the outcomes are not favorable.
- There are significant risks mentioned, including difficulties in demonstrating the safety and efficacy of their product candidates, which could delay regulatory approval and commercialization.
- The company is reliant on third-party collaboration for the development of the MRD assay, and any failure from Foresight Diagnostics in obtaining regulatory approvals could adversely affect Allogene's clinical development efforts.
FAQ
What is the focus of Allogene Therapeutics' collaboration with Foresight Diagnostics?
Allogene Therapeutics is focusing on developing Foresight’s minimal residual disease (MRD) assay as a companion diagnostic for LBCL treatment with cema-cel.
What is cemacabtagene ansegedleucel (cema-cel)?
Cema-cel is an investigational anti-CD19 AlloCAR T™ product designed for treating large B-cell lymphoma (LBCL).
How does the Foresight CLARITY™ assay work?
The Foresight CLARITY™ assay detects minimal residual disease (MRD) using ultra-sensitive ctDNA technology, helping identify high-risk patients for relapse.
What is the significance of the ALPHA3 trial?
The ALPHA3 trial studies cema-cel as a potential standard treatment for patients with LBCL who remain MRD positive after initial therapy.
How much is Allogene investing in the MRD assay development?
Allogene is investing approximately $37.3 million in the development of the MRD assay and related regulatory processes.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$ALLO Insider Trading Activity
$ALLO insiders have traded $ALLO stock on the open market 9 times in the past 6 months. Of those trades, 0 have been purchases and 9 have been sales.
Here’s a breakdown of recent trading of $ALLO stock by insiders over the last 6 months:
- ZACHARY ROBERTS (EVP of R&D) has made 0 purchases and 2 sales selling 46,031 shares for an estimated $80,428.
- DAVID D CHANG (President and CEO) sold 46,003 shares for an estimated $77,285
- DEBORAH M. MESSEMER has made 0 purchases and 2 sales selling 22,449 shares for an estimated $52,267.
- TIMOTHY L. MOORE (Chief Technical Officer) sold 14,746 shares for an estimated $25,215
- FRANZ B HUMER sold 9,221 shares for an estimated $19,917
- EARL MARTIN DOUGLAS (SVP, General Counsel) sold 6,404 shares for an estimated $10,950
- GEOFFREY M. PARKER (CHIEF FINANCIAL OFFICER) sold 4,361 shares for an estimated $7,544
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$ALLO Hedge Fund Activity
We have seen 81 institutional investors add shares of $ALLO stock to their portfolio, and 81 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- FMR LLC removed 6,254,961 shares (-20.8%) from their portfolio in Q4 2024, for an estimated $13,323,066
- LYNX1 CAPITAL MANAGEMENT LP added 4,672,349 shares (+75.3%) to their portfolio in Q4 2024, for an estimated $9,952,103
- BOXER CAPITAL, LLC removed 3,850,000 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $10,780,000
- PERCEPTIVE ADVISORS LLC removed 2,725,000 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $5,804,250
- EXODUSPOINT CAPITAL MANAGEMENT, LP removed 1,634,838 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $3,482,204
- PATIENT SQUARE CAPITAL LP added 1,489,909 shares (+inf%) to their portfolio in Q4 2024, for an estimated $3,173,506
- JACOBS LEVY EQUITY MANAGEMENT, INC removed 878,955 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $2,461,074
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Full Release
SOUTH SAN FRANCISCO, Calif., Feb. 25, 2025 (GLOBE NEWSWIRE) -- Allogene Therapeutics, Inc. (Nasdaq: ALLO), a clinical-stage biotechnology company pioneering the development of allogeneic CAR T (AlloCAR T ™ ) products for cancer and autoimmune disease, today announced an expanded strategic collaboration with Foresight Diagnostics, Inc. to include the development of Foresight’s minimal residual disease (MRD) assay as a companion diagnostic to identify patients with large B-cell lymphoma (LBCL) for treatment with cemacabtagene ansegedleucel (cema-cel).
Under the Amended and Restated Strategic Collaboration Agreement, Allogene and Foresight will work together to support the development of Foresight Diagnostics’ MRD assay as a companion diagnostic in the EU, UK, Canada and Australia in support of Allogene’s clinical development of cema-cel. Cema-cel is being studied in the groundbreaking randomized controlled pivotal ALPHA3 trial as part of a first-line (1L) treatment to potentially improve the cure rate in patients with LBCL. In the ALPHA 3 trial, patients who achieve remission following initial treatment but remain positive for MRD will be identified by using Foresight Diagnostics’ ultra-sensitive ctDNA-based Foresight CLARITY™ investigational use only (IUO) assay, powered by PhasED-Seq™. Patients who remain MRD positive may be at high-risk of relapse, and therefore will have an opportunity to receive cema-cel as a one-time consolidation dose to prevent disease recurrence.
“The continued collaboration with Foresight Diagnostics strengthens our commitment to advancing next-generation cancer therapies by integrating MRD detection as a powerful tool in patient care,” said David Chang, M.D., Ph.D., President, Chief Executive Officer and Co-Founder of Allogene. “We believe that this strategic expansion will help accelerate the development and potential approval of cema-cel as we continue our mission to transform the LBCL treatment landscape for patients beyond the United States.”
As part of this agreement, Allogene will invest approximately $37.3 million for MRD assay development, milestone payments for U.S., and certain international regulatory submissions and clinical sample testing. Both companies have committed to use commercially reasonable efforts to obtain regulatory approvals of their respective products and execute the agreed-upon work plan to support and enable the joint development activities.
About Cemacabtagene Ansegedleucel (cema-cel)
Cemacabtagene ansegedleucel, or cema-cel, is a next generation anti-CD19 AlloCAR T
™
investigational product for the treatment of large B-cell lymphoma (LBCL). In June 2022, the U.S. Food and Drug Administration granted Regenerative Medicine Advanced Therapy (RMAT) designation to cema-cel in r/r LBCL. The ALPHA3 pivotal Phase 2 trial in first-line (1L) consolidation for the treatment of LBCL launched in June 2024. Allogene has oncology rights to cema-cel in the US, EU and UK with options for rights in China and Japan.
About the ALPHA3 Trial
Over 60,000 patients are expected to be treated for LBCL annually in the US, the EU and the UK. While first-line (1L) R-CHOP or other chemoimmunotherapy is effective for most patients, approximately 30% will relapse and require subsequent treatment. The current standard of care (SOC) after 1L treatment has been simply to “watch and wait” to see if the disease relapses. The pivotal Phase 2 ALPHA3 study takes advantage of cema-cel as a one-time, “off-the-shelf” treatment that can be administered immediately upon discovery of MRD following six cycles of R-CHOP or other chemoimmunotherapy, positioning it to become the standard “7th cycle” of frontline treatment available to all eligible patients with MRD.
About Allogene Therapeutics
Allogene Therapeutics, with headquarters in South San Francisco, is a clinical-stage biotechnology company pioneering the development of allogeneic chimeric antigen receptor T cell (AlloCAR T
™
) products for cancer and autoimmune disease. Led by a management team with significant experience in cell therapy, Allogene is developing a pipeline of “off-the-shelf” CAR T cell product candidates with the goal of delivering readily available cell therapy on-demand, more reliably, and at greater scale to more patients. For more information, please visit www.allogene.com, and follow Allogene Therapeutics on X and LinkedIn.
Cautionary Note on Forward-Looking Statements for Allogene
This press release contains forward-looking statements for purposes of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. This press release may, in some cases, use terms such as “develop,” “potential,” “advance,” “expect,” “can,” “see if,” “positioning,” “become,” “be identified,” “powered,” “help,” “accelerate,” “continue,” “may,” “could,” “believe,” “improve,” “support,” “enable,” “improve,” “designed to,” “predict,” or “will,” including alternative forms thereof, or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. Forward-looking statements include statements regarding intentions, beliefs, projections, outlook, analyses or current expectations concerning, among other things: ALPHA3 being a pivotal trial and the extent to which it will support regulatory approval of cema-cel; the ability for Foresight’s minimal residual disease test to identify patients with LBCL who are likely to relapse following standard 1L treatment; the potential for the ALPHA3 trial and an investigational minimal residual disease test to identify patients with LBCL who are likely to relapse following standard 1L treatment; the potential for cema-cel to become the standard “7th cycle” of frontline treatment; the design of the ALPHA3 trial and expected benefits therefrom; that cema-cel could be a promising therapeutic option for patients with MRD; that cema-cel can be administered immediately upon discovery of MRD following six cycles of R-CHOP or other chemoimmunotherapy; the timing for completion of ALPHA3 enrollment or cema-cel BLA submission; the incidence of LBCL including the extent to which patients will relapse and require subsequent treatment; the potential for our product candidates to be approved; the potential benefits of the ALPHA3 trial and of AlloCAR T™ products; our ability to deliver cell therapy on-demand, more reliably, and at greater scale to more patients. Various factors may cause material differences between Allogene’s expectations and actual results, including, risks and uncertainties related to: the limited nature of our Phase 1 data from the ALPHA/ALPHA2 trial and the extent to which such data may or may not be validated in the ALPHA3 trial and any future clinical trials; the ability for Foresight to develop and obtain regulatory approval for its MRD assay as a companion diagnostic to identify patients with LBCL; the ability and extent that cema-cel will be administered only to patients at high risk for relapse as a one-time consolidation dose before disease recurrence; the extent to which the Food and Drug Administration disagrees with our clinical or regulatory plans or the import of our clinical results, which could cause future delays to our clinical trials or require additional clinical trials; we may encounter difficulties enrolling patients in our clinical trials; we may not be able to demonstrate the safety and efficacy of our product candidates in our clinical trials, which could prevent or delay regulatory approval and commercialization; and challenges with manufacturing or optimizing manufacturing of our product candidates. These and other risks are discussed in greater detail in Allogene’s filings with the Securities and Exchange Commission (SEC), including without limitation under the “Risk Factors” heading in its Quarterly Report on Form 10-Q for the quarter ended September 30, 2024. Any forward-looking statements that are made in this press release speak only as of the date of this press release. Allogene assumes no obligation to update the forward-looking statements whether as a result of new information, future events or otherwise, after the date of this press release.
AlloCAR T
™
is a trademark of Allogene Therapeutics, Inc.
CLARITY™ and PhasED-Seq™ are trademarks of Foresight Diagnostics.
Allogene’s investigational AlloCAR T ™ oncology products utilize Cellectis technologies. These anti-CD19 products are developed based on an exclusive license granted by Cellectis to Servier. Servier, which has an exclusive license to the anti-CD19 AlloCAR T ™ investigational products from Cellectis, has granted Allogene exclusive rights to these products in the U.S., all EU Member States and the United Kingdom.
Allogene Media/Investor Contact:
Christine Cassiano
EVP, Chief Corporate Affairs & Brand Strategy Officer
[email protected]