The merger would result in a combined company that will focus predominantly on the development and commercialization of Ayala’s lead program AL102 for the treatment of desmoid tumors and Advaxis’s candidate ADXS-504 in development for prostate cancer.
MediWound Ltd. (Nasdaq: MDWD), which has developed and markets a burn treatment compound that is undergoing clinical trials for the treatment of wounds, announced it has raised $30 million. The collection was at market price. Investors include New Era Capital Partners, Deep Insight, IBF and Discount Capital.
Gamida Cell (NASDAQ: GMDA), shared new data showing overall survival and disease-free survival of 63% and 56% respectively.
Ayala Pharmaceuticals, Inc. (Nasdaq: AYLA) announced that the U.S. Food and Drug Administration (FDA) has granted Fast Track designation for AL102 for the treatment of progressing desmoid tumors. AL102 is a potent, selective, oral gamma-secretase inhibitor.
Ayala Pharmaceuticals, Inc. (NASDAQ: AYLA) announced updated, positive interim results from Part A of the ongoing RINGSIDE Pivotal Phase 2/3 clinical trial evaluating investigational new drug AL102 in desmoid tumors. AL102 is a potent, selective, oral gamma-secretase inhibitor
Gamida Cell (NASDAQ: GMDA), announced positive topline results from its Phase 3 clinical study evaluating the safety and efficacy of omidubicel, an investigational advanced cell therapy in development as a potential life-saving treatment option for patients in need of bone marrow transplant.
