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Allarity Therapeutics Announces Appointment of New Auditor
Press release Cambridge, MA U.S.A. (September 12, 2022) — Allarity Therapeutics, Inc. (Nasdaq: ALLR) (“Allarity” or the “Company”), a clinical-stage
About this update from Allarity Therapeutics, Inc.
[{"type":"text","content":"Press release Cambridge, MA U.S.A. (September 12, 2022) — Allarity Therapeutics, Inc. (Nasdaq: ALLR) (“Allarity” or the “Company”), a clinical-stage pharmaceutical company developing novel oncology therapeutics together with drug-specific DRP® companion diagnostics for personalized cancer care, announced today the appointment of Wolf & Company, P.C. (Boston, MA) (“Wolf & Company”) as the Company’s independent registered public accounting firm effective immediately. The appointment of Wolf & Company has been approved by both the audit committee and the Board of Directors (the “Board”) of the Company. The appointment of Wolf & Company has no immediate effect on the Company’s status as being non-compliant with Nasdaq Listing Rule 5250(c)(1). However, it is a pivotal part of the Company’s efforts to regain compliance. Allarity is already working with Wolf & Company to file the Quarterly Report on Form 10-Q for the quarter that ended June 30, 2022 as soon as it is practically feasible, and it is anticipated that following the filing of the Form 10-Q with the SEC, Nasdaq compliance will be regained. The appointment of Wolf & Company follows the resignation of Marcum LLP (“Marcum”), which previously was the independent registered public accounting firm of Allarity, effective as of August 5, 2022, and as disclosed by Allarity in a Form 8-K filed with the SEC on August 12, 2022, and in a Form 8-K/A filed with the SEC on August 24, 2022. About Allarity Therapeutics Allarity Therapeutics, Inc. (Nasdaq: ALLR) develops drugs for personalized treatment of cancer guided by its proprietary and highly validated companion diagnostic technology, the DRP® platform. The Company has a mature portfolio of three drug candidates: stenoparib, a PARP inhibitor in Phase 2 development for ovarian cancer; dovitinib, a post-Phase 3 pan-tyrosine kinase inhibitor; and the European rights to IXEMPRA® (Ixabepilone), a microtubule inhibitor approved in the U.S. and marketed by R-PHARM U.S. for the treatment of second-line metastatic breast cancer, currently in Phase 2 development in Europe for the same indication. Additionally, the Company has rights in two secondary assets: 2X-111, a liposomal formulation of doxorubicin in Phase 2 development for metastatic breast cancer and/or glioblastoma multiforme (GBM), which is the subject of discussions for a restructured ...