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Lirentelimab out on failed phase II data; Allakos restructures

Allakos Inc. terminated all development of its lead drug, anti-Siglec-8 antibody lirentelimab (AK-002), and is cutting its workforce in half, following phase II failures for atopic dermatitis and chronic spontaneous urticaria. The San Carlos, Calif.-based company will now focus on phase I trials for anti-Siglec-6 antibody AK-006 as part of a restructuring that stretches the runway into mid-2026. Shares (NASDAQ:ALLK) sank by 60.2%, down $1.80, to close at $1.19 on Jan. 16.
Allakos Inc San Carlos Allakos Inc Ak 002 Atopic Dermatitis Chronic Spontaneous Urticaria

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MSNBC Way Too Early With Jonathan Lemire June 4, 2024 10:48:00

Well. On the other side of the spectrum, you have citibank who unfortunately have put forth a restructuring for the entity which has for a long time been this big conglomerate that has struggled to put along. Perhaps putting a knife to the entity. 20,000 jobs are expected to be cut out of city citibank. Thats one of the four banks whose Share Price went higher. It may be telling theyre on the right track. Arabile, weve talked about the rough weather plaguing the united states. Arptss are experie...
U S Share Price Travel Disruptions United Airlines City Citibank

Banks/NBFCs Not Obliged To Initiate Restructuring Process Before Classifying MSME Account As NPA Sans Application From MSME: Bombay High Court

The Bombay High Court recently held that banks and non-banking financial companies (NBFCs) are not obligated to initiate restructuring process before classifying accounts of Micro, Small, and Medium...
Advait Sethna Mathews Nedumpara Court Ruling Medium Enterprises Development Respondent Bank Submissions Union Of India Submissions
Source: livelaw.in

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