Clinical Trial ResultsAK006 failed to demonstrate therapeutic activity vs. placebo, and that further development of AK006 is being discontinued.
Financial ImpactThere are significant wind down costs related to shutting down the AK006 program, severance payments, and contractual payments to vendors.
Workforce ReductionALLK plans to discontinue further development of AK006, reduce the company's workforce by 75%, and explore strategic alternatives.