Allogene Therapeutics Inc (NAS:ALLO)

$ 2.14 -0.05 (-2.28%) Market Cap: 459.18 Mil Enterprise Value: 269.53 Mil PE Ratio: 0 PB Ratio: 0.99 GF Score: 37/100

Allogene Therapeutics Inc R&D Showcase Transcript

Nov 29, 2022 / 06:00PM GMT

Release Date Price: $9.31 (-9.26%)

Transcript

David D. Chang

Allogene Therapeutics, Inc. - Co-Founder, President, CEO & Director

It's so great to see so many of you in the room in person. It has been long overdue. Welcome, and thank you for joining us today in our R&D Showcase. As I said, many of you are here in this room, but there are a lot more who are joining us online. My name is David Chang, President and CEO and Co-Founder of Allogene.

Many of us have been immersed in cell therapy and sometimes forget to realize that we are in the early days of creating a new modality that many -- that is unlike any before it. A single infusion that can induce deep and durable responses where we now talk about the possibility of cure, even in the advanced and refractory disease setting.

CD19 CAR T trial had a humble beginning as an investigator-sponsored academic trial in 2019, but quickly gained the momentum as early reports of complete remission were published a few years later. That got the attention of many in biotech, leading to approval of the first autologous CAR T directed therapies at CD19 in 2017, YESCARTA and KYMRIAH.

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