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Anonymous ID: 9f9745 May 14, 2020, 7:52 p.m. No.9178950   🗄️.is 🔗kun

Allakos Inc., sold by RiverVest Partners: $81.69m-May12

 

Allakos, Inc. is a clinical-stage biotechnology company, which is engaged in developing antibodies that selectively target mast cells and eosinophils. The Company's antibodies target receptor molecules present on the surface of immune effector cells, which are involved in allergy, inflammation and tissue damage. Its lead program is AK002, which is an antibody that targets Siglec-8, an inhibitory receptor found on eosinophils and mast cells. The Company's AK002 is used in the treatment of various diseases with abnormal proliferation of mast cells, including eosinophilic gastritis (EG), indolent systemic mastocytosis, urticaria and allergic conjunctivitis. Number of employees : 90 people.

https://www.marketscreener.com/ALLAKOS-INC-44979204/company/

 

filing under this name

John McKearn, Ph.D.-Managing Director St. Louis, Missouri

Joined RiverVest in 2008 and focuses on early-stage biotechnology investments. Currently, John serves on the boards of Allakos, Inc. (IPO), OncoResponse, Inc., Good Therapeutics, Arch Oncology, Inc., and Adarza Biosystems, Inc. He previously served on the boards of Lumena Pharmaceuticals, Inc. (acquired by Shire Plc), Otonomy, Inc. (IPO) and ZS Pharma, Inc. (acquired by AstraZeneca Plc).

 

Prior to RiverVest, John was president and CEO and a director of Kalypsys, Inc. from 2003 to 2008, and an executive at Searle/Pharmacia (Pfizer, Inc.) from 1987 to 2003, where he held increasingly responsible positions, including the global head of Research. John helped establish the groundwork for studies that led to the commercialization of several major products, including DayPro®, Arthrotec®, and Celebrex®, one of the leading pharmaceuticals to treat arthritis. He also served on the boards of IDM Pharma, Inc. (acquired by Takeda America Holdings, Inc.), Epimmune, Inc., and Keel Pharmaceuticals, Inc. Prior to 1987, John was a senior scientist at E.I. DuPont de Nemours and Company, a member of the Basel Institute for Immunology in Basel, Switzerland, and a research associate in the Department of Microbiology and Immunology at Washington University in St. Louis.

https://www.rivervest.com/team-member/john-mckearn/

https://www.finviz.com/insidertrading.ashx?oc=1240120&tc=7&b=2

 

Year over Year costs have increased quite a bit

 

from May11

Allakos Reports First Quarter 2020 Financial Results

First Quarter 2020 Financial Results

 

Research and development expenses were $18.3 million in the first quarter of 2020 as compared to $15.1 million in the same period in 2019, an increase of $3.2 million.

 

General and administrative expenses were $11.6 million in the first quarter of 2020 as compared to $5.8 million in the same period in 2019, an increase of $5.8 million.

 

Allakos reported a net loss of $27.8 million in the first quarter of 2020 as compared to $20.0 million in the same period in 2019, an increase of $7.8 million. Net loss per basic and diluted share was $0.57 for the first quarter of 2020 compared to $0.47 in the same period in 2019.

http://investor.allakos.com/news-releases/news-release-details/allakos-reports-first-quarter-2020-financial-results