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4 stories mentioning ALLO

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Wire

Allogene Therapeutics Cleared to Expand B-Cell Lymphoma Treatment Trial in South Korea, Australia

Allogene Therapeutics (ALLO) said Tuesday it has received clearance from regulators in South Korea and Australia to expand its pivotal phase 2 study evaluating cemacabtagene ansegedleucel in first-line consolidation treatment for patients with large B-cell lymphoma into those two countries.With the clearances, the study is set to expand to more than 80 global sites from more than 60 sites currently in North America, the company said.The study is expected to enroll about 220 patients by the end of 2027, with an interim analysis of event-free survival anticipated in mid-2027 and the primary analysis in mid-2028, according to a statement.Positive results from the study could support a biologics license application submission, Allogene said.Price: $2.31, Change: $-0.12, Percent Change: -4.75%

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Wire

Top Midday Gainers

Aehr Test Systems (AEHR) said Thursday that it has received a $41 million follow-on production order from an unnamed hyperscale customer for package-level burn-in of custom artificial processor ASICs.Shares jumped 14%, with intraday trading volume rising to more than 6.7 million from a daily average of about 2.2 million.Myseum (MYSE), a social media and technology company, said late Wednesday it is operating under the new name Myseum.AI Inc., effective April 15. As part of the rebrand, the company's core technology platform will integrate its proprietary artificial intelligence technology into messaging and social media platforms.Shares catapulted 155% as intraday trading volume surged to over 182.4 million from a daily average of about 447,000.JPMorgan upgraded the shares of Allogene Therapeutics (ALLO) to neutral from underweight.Shares climbed 6% as intraday trading volume advanced to over 16.7 million from a daily average of roughly 9 million.Price: $83.10, Change: $+9.88, Percent Change: +13.49%

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Research

JPMorgan Upgrades Allogene Therapeutics to Neutral From Underweight

Allogene Therapeutics (ALLO) has an average rating of Buy and mean price target of $8.74, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

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Wire

Top Midday Decliners

Allogene Therapeutics (ALLO) said late Monday it plans an underwritten public offering of $175 million common shares, subject to market and other conditions.Shares sank more than 18% in Tuesday trading and intraday trading volume doubled to over 14.7 million from a daily average of about 7.2 million.CarMax (KMX) shares slumped 15% amid heavy trading after the company posted Tuesday lower fiscal Q4 adjusted earnings and net sales.More than 8.0 million shares of the company traded intraday compared with a daily average of about 3.3 million.Wells Fargo's (WFC) Q1 revenue missed market expectations as Chief Executive Charlie Scharf said Tuesday there will likely be a lag in the pass-through of higher oil prices.Shares slid 4.3%, with intraday trading volume at over 21.0 million versus a daily average of roughly 17.0 million.Price: $2.50, Change: $-0.56, Percent Change: -18.17%

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