Allarity Therapeutics Receives FDA Fast Track Designation for Stenoparib in Advanced Ovarian Cancer
- Allarity Therapeutics received FDA Fast Track designation for stenoparib, an investigational dual PARP/WNT inhibitor for advanced ovarian cancer treatment.
- The designation accelerates development timelines and enables more frequent FDA interactions with potential eligibility for expedited approval pathways.
- The company has initiated a Phase 2 clinical trial building on prior data showing patients remaining on treatment for over 22 months.
- ALLR stock surged over 119% intraday following the regulatory milestone, with trading volume increasing by 2,728% to $304.8 million.