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The latest announcement is out from Arovella Therapeutics Limited ( (AU:ALA) ).
Arovella Therapeutics Limited has issued 1,057,149 ordinary shares without disclosure under specific parts of the Corporations Act, as part of its ongoing strategy to advance in-licensing novel technologies from global universities and research institutes. The company is engaged in discussions with multiple groups to integrate various intellectual properties into its iNKT cell platform, though the outcome remains uncertain. This move illustrates Arovella’s commitment to enhancing its biotechnology offerings, potentially impacting its market positioning and providing future growth opportunities.
More about Arovella Therapeutics Limited
Arovella Therapeutics Ltd is a biotechnology company focused on developing its invariant natural killer T (iNKT) cell therapy platform from Imperial College London to treat blood cancers and solid tumors. The company’s lead product, ALA-101, consists of CAR19-iNKT cells modified to produce a Chimeric Antigen Receptor targeting CD19, an antigen found on various cancer types. Arovella is also expanding into solid tumor treatment through CLDN18.2-targeting technology licensed from Sparx Group and plans to incorporate its IL-12-TM technology into its solid tumor programs.
YTD Price Performance: 11.76%
Average Trading Volume: 1,343,374
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$196M
Learn more about ALA stock on TipRanks’ Stock Analysis page.
