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Allakos Inc.

0.3286

-0.0007-0.21%

Volume:298.11K

Turnover:97.94K

Market Cap:29.70M

PE:-0.41

High:0.3294

Open:0.3283

Low:0.3283

Close:0.3293

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Overview Company News Filings

Nasdaq Dips 3%; Chicago Fed National Activity Index Rises In December

Allakos Inc Shares Fall 76% to 29 Cents After Co to Stop Further Development of Skin Disease Drug; Cuts Workforce by 75%

THOMSON REUTERS

Sector Update: Health Care Stocks Mixed Premarket Monday

MT Newswires Live

Allakos to Discontinue Development of Urticaria Treatment, Cut Staff; Shares Fall

MT Newswires Live

BUZZ-Allakos falls over 70% after halting development of skin condition drug

Allakos Shares Drop 75% to 30 Cents Premarket After Co to Stop Further Development of Skin Disease Drug; Cuts Workforce by 75%

THOMSON REUTERS

Allakos Drops AK006, Cuts 75% of Staff After Study Failure

Allakos Inc - to Reduce Workforce by 75%

THOMSON REUTERS

Allakos Inc - to Retain 15 Employees for Strategic Alternatives

THOMSON REUTERS

Allakos Inc - to Discontinue Development of Ak006

THOMSON REUTERS

Allakos Inc - Estimates $34M-$38M in Restructuring Costs

THOMSON REUTERS

Allakos Announces Topline Results From Its Phase 1 Trial of Ak006 in Patients With Chronic Spontaneous Urticaria and Announces Restructuring

THOMSON REUTERS

Allakos Announces Topline Results from its Phase 1 Trial of AK006 in Patients with Chronic Spontaneous Urticaria and Announces Restructuring

3 US Penny Stocks Under $200M Market Cap To Watch

Simply Wall St.

Allakos Inc. Alters Lease Agreement for Cost Savings

All You Need to Know About Allakos (ALLK) Rating Upgrade to Buy

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Monday","url":"https://stock-news.laohu8.com/highlight/detail?id=2506550370","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2506550370?lang=en_us&edition=fundamental","pubTime":"2025-01-27 22:11","pubTimestamp":1737987112,"startTime":"0","endTime":"0","summary":"Health care stocks were mixed premarket Monday, with The Health Care Select Sector SPDR Fund  up 0.4% and the iShares Biotechnology ETF  0.3% lower.Akero Therapeutics  shares were up over 110% after the company said a phase 2b study of its lead product candidate efruxifermin showed a \"statistically significant\" reversal of compensated cirrhosis caused by metabolic dysfunction-associated steatohepatitis, or MASH.Allakos  stock was down past 73% after the company said its phase 1 trial of AK006 in chronic spontaneous urticaria failed to demonstrate therapeutic efficacy and its development will be terminated immediately.Innate Pharma  shares were up over 7% after the company said it has dosed its first patient in a phase 1 study to investigate the safety and tolerability of IPH4502, an antibody-drug conjugate for the potential treatment of patients with advanced solid tumors known to express Nectin-4.","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["ALLK","BK4581","BK4588","AKRO","BK4585","BK4139","IPHA","XLV","BK4505","IBB"],"gpt_icon":0},{"id":"2506340374","title":"Allakos to Discontinue Development of Urticaria Treatment, Cut Staff; Shares Fall","url":"https://stock-news.laohu8.com/highlight/detail?id=2506340374","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2506340374?lang=en_us&edition=fundamental","pubTime":"2025-01-27 21:08","pubTimestamp":1737983331,"startTime":"0","endTime":"0","summary":"Allakos  said Monday that its phase 1 trial of AK006 in chronic spontaneous urticaria failed to demonstrate therapeutic efficacy and its development will be terminated immediately.The company said it plans to cut its workforce by 75% and retain a small team to explore strategic options and ensure regulatory compliance.The trial, which included 34 patients, showed no meaningful difference in Urticaria Activity Score  improvements between AK006 and placebo, with both groups achieving a 9% complete response rate, Allakos said.Restructuring costs are expected to be around $34 million to $38 million, with most expenses expected to be paid in the first half of 2025, leaving $35 million to $40 million in cash by mid-year, the company added.Allakos' shares were more than 75% 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developer Allakos' ALLK.O shares fall 72.7% to 33 cents premarket** Co says its experimental drug, AK006, did not show clinical benefit in an early-stage trial testing it in patients with chronic spontaneous urticaria — a skin condition that causes itching and hives  ** As a result, the company has decided to discontinue further clinical development of AK006** Co also plans to reduce its workforce by 75% ** Co plans to retain about 15 employees to explore strategic alternatives, maintain compliance with regulatory and financial reporting requirements, and wind-down the early-stage  trial** Estimates it will have cash, cash equivalents and investments in a range of approximately $35 mln to $40 mln at June 30, 2025** Stock had fallen 55.7% in 2024   ","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250127:nL3N3ON0UN:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-2","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4139","ALLK"],"gpt_icon":0},{"id":"2506374361","title":"Allakos Shares Drop 75% to 30 Cents Premarket After Co to Stop Further Development of Skin Disease Drug; Cuts Workforce by 75%","url":"https://stock-news.laohu8.com/highlight/detail?id=2506374361","media":"THOMSON REUTERS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2506374361?lang=en_us&edition=fundamental","pubTime":"2025-01-27 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Monday.","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-2","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4139","ALLK"],"gpt_icon":0},{"id":"2506937570","title":"Allakos Inc - to Reduce Workforce by 75%","url":"https://stock-news.laohu8.com/highlight/detail?id=2506937570","media":"THOMSON REUTERS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2506937570?lang=en_us&edition=fundamental","pubTime":"2025-01-27 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REUTERS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2506146375?lang=en_us&edition=fundamental","pubTime":"2025-01-27 20:00","pubTimestamp":1737979200,"startTime":"0","endTime":"0","summary":null,"market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250127:nTUA6WZLQN:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"reuters_en_live","symbols":["BK4139","ALLK"],"gpt_icon":0},{"id":"2506379839","title":"Allakos Announces Topline Results from its Phase 1 Trial of AK006 in Patients with Chronic Spontaneous Urticaria and Announces Restructuring","url":"https://stock-news.laohu8.com/highlight/detail?id=2506379839","media":"GlobeNewswire","labels":["dataReport"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2506379839?lang=en_us&edition=fundamental","pubTime":"2025-01-27 20:00","pubTimestamp":1737979200,"startTime":"0","endTime":"0","summary":"–AK006 did not demonstrate therapeutic activity in CSU –– Allakos will discontinue further development of AK006, reduce workforce by 75% and explore strategic alternatives –– Management to host conference call and webcast today at8:30 am E.T.–。SAN CARLOS, Calif., Jan. 27, 2025  -- Allakos Inc.  , today announced topline results from its phase 1 clinical trial of AK006 in chronic spontaneous urticaria .“While AK006 was well tolerated, we are disappointed that the preclinical inhibitory effects observed did not translate to clinical benefit in patients with CSU. As a result, the Company has decided to discontinue further clinical development of AK006,” said Chin Lee, M.D, M.P.H., Chief Medical Officer of Allakos. “We express our gratitude to all of the patients, clinical trial investigators, and site coordinators in these trials.”Phase 1 Cohort of AK006 in Patients with Chronic Spontaneous Urticaria","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/allakos-announces-topline-results-phase-120000885.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"dataReport","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["ALLK","BK4139"],"gpt_icon":0},{"id":"2487554699","title":"3 US Penny Stocks Under $200M Market Cap To Watch","url":"https://stock-news.laohu8.com/highlight/detail?id=2487554699","media":"Simply Wall St.","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2487554699?lang=en_us&edition=fundamental","pubTime":"2024-11-29 21:12","pubTimestamp":1732885960,"startTime":"0","endTime":"0","summary":"As the U.S. stock market experiences fluctuations, with technology shares recently sliding and major indices taking a breather from their record highs, investors are on the lookout for new opportunities. Penny stocks, often representing smaller or newer companies, might seem like a term from bygone trading days but continue to hold relevance due to their potential for growth when backed by strong fundamentals. This article will explore three such penny stocks that stand out for their financial resilience and potential to uncover hidden value amidst current market conditions.NasdaqGM:TOUR Debt to Equity History and Analysis as at Nov 2024. Overview: Allakos Inc. is a clinical-stage biotechnology company focused on developing therapeutics targeting immunomodulatory receptors on immune effector cells for treating allergy, inflammatory, and proliferative diseases in the United States, with a market cap of $90.24 million.Operations: Allakos Inc. currently does not report any revenue segment","market":"us","thumbnail":"https://s.yimg.com/uu/api/res/1.2/Q7Xnl1gEohQnpcIOzqEAFQ--~B/aD00MzI7dz0xMTk0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/simply_wall_st__316/32b2264889e9375193adba765d83b8cf","type":0,"news_type":0,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/Q7Xnl1gEohQnpcIOzqEAFQ--~B/aD00MzI7dz0xMTk0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/simply_wall_st__316/32b2264889e9375193adba765d83b8cf"],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/3-us-penny-stocks-under-131240569.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["BK4220","BABB","BZUN","BK4142","BK4563","BK4139","BK4209","TOUR","BK4558","SB","PHX","PVL","ALLK","BK4531","BK4502","BK4122","BK4021","BK4213"],"gpt_icon":0},{"id":"2484798980","title":"Allakos Inc. 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In these situations, the Zacks rating system comes in handy because of the power of a changing earnings picture in determining near-term stock price movements.As such, the Zacks rating upgrade for Allakos is essentially a positive comment on its earnings outlook that could have a favorable impact on its 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