Allakos Announces Positive Results from its Ongoing Phase 1 Trial of AK006 in Healthy Volunteers, with AK006 Demonstrating High Receptor Occupancy on Mast Cells and a Favorable Safety Prof...
Allakos Inc. (ALLK)
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Source: Yahoo! Finance
– Skin biopsies from subjects treated with AK006 show high receptor occupancy – – AK006 was well-tolerated with a favorable safety profile – SAN CARLOS, Calif., June 25, 2024 (GLOBE NEWSWIRE) -- Allakos Inc. (Nasdaq: ALLK), a biotechnology company developing AK006 for the treatment of mast cell-driven diseases, today announced positive results from the single and multiple ascending Phase 1 study of intravenous (IV) AK006 in healthy volunteers. AK006 is a Siglec-6 monoclonal antibody that selectively inhibits mast cells. Inappropriate activation of mast cells has been identified as a pathogenic driver of multiple diseases, including chronic spontaneous urticaria, food allergy and asthma. Phase 1 Study Results Single and multiple IV doses of AK006 up to 720 mg were well tolerated with a favorable safety profile There were no serious adverse events (SAEs) There were no treatment emergent adverse events leading to discontinuation of AK006 There were no dose limiting toxicit
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- Allakos Inc. (NASDAQ: ALLK) had its price target lowered by analysts at Jefferies Financial Group Inc. from $1.50 to $1.00. They now have a "hold" rating on the stock.MarketBeat
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Earnings
- 5/9/24 - Miss
ALLK
Sec Filings
- 9/6/24 - Form 144
- 9/6/24 - Form 144
- 8/16/24 - Form 8-K
- ALLK's page on the SEC website