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Allarity Therapeutics Announces Filing of Form 8-K Regarding Settlement Agreement in Principle with SEC
Boston (January 30, 2025)—Allarity Therapeutics, Inc. (“Allarity” or the “Company”) (NASDAQ: ALLR), a Phase 2 clinical-stage pharmaceutical company dedicated
About this update from Allarity Therapeutics, Inc.
[{"type":"text","content":" Boston (January 30, 2025)—Allarity Therapeutics, Inc. (“Allarity” or the “Company”) (NASDAQ: ALLR), a Phase 2 clinical-stage pharmaceutical company dedicated to developing personalized cancer treatments using its proprietary, drug-specific patient selection technology, has filed a Form 8-K with the U.S. Securities and Exchange Commission (“SEC”) regarding its agreement in principle with the SEC staff to resolve the previously disclosed SEC investigation. The settlement relates to the Company’s disclosures, occurring during or prior to fiscal year 2022, regarding meetings with the United States Food and Drug Administration (the “FDA”) concerning our New Drug Application (\"NDA\") for Dovitinib or Dovitinib-DRP, which was submitted to the FDA in 2021. This settlement in principle with the SEC staff remains subject to mutual agreement on the final language of the settlement documents and approval by the SEC. Accordingly, the Company emphasizes that there is no assurance that the settlement will be finalized or approved on the terms set forth above, or at all. “We are pleased to have reached this agreement in principle with the SEC. This settlement allows us to fully focus on advancing stenoparib and delivering a novel therapy to advanced ovarian cancer patients, who currently have very few or no treatment options,” said Thomas Jensen, Chief Executive Officer of Allarity Therapeutics. “As we have previously announced, some patients in our Phase 2 trial have exceeded 14 months on treatment with stenoparib, and this data fills us with optimism about the prospects of this novel molecule and by extension, the prospects for Allarity as well. Our primary objective now is to finalize the design of a follow-on trial that we expect will advance stenoparib toward FDA registration.” Allarity remains financially positioned to continue its core operations, including the ongoing development of stenoparib, as planned into 2026. The full Form 8-K filing is available on the SEC’s website at www.sec.gov and on the Company’s website at www.allarity.com/sec-filings. About StenoparibStenoparib is an orally available, small-molecule dual-targeted inhibitor of PARP1/2 and tankyrase 1/2. At present, tankyrases are attracting significant attention as emerging therapeutic targets for cancer, principally due to their role in regulating the Wnt signaling path...