Ayala Pharmaceuticals Inc (ADXS)

[lorema]

From the prospectus today “On February 13, 2018, we also announced that we have decided to align and simplify our strategy by using axalimogene filolisbac in all ongoing and planned HPV-related cancer clinical trials, including the upcoming ADVANCE trial, previously planned with ADXS-DUAL. The strategic decision to harmonize all trials to axalimogene filolisbac is based on its clinical profile to date in over 250 patients, and its demonstration of similar activity in both HPV 16 and 18 subtypes in GOG-0265. We believe that harmonizing to a single product candidate for all HPV-related programs will streamline developmental, regulatory and commercialization strategies.

During our quarter ended January 31, 2018, we sold 881,629 shares of our common stock for gross proceeds of $2.74 million and net proceeds of approximately $2.66 million after deducting commissions and before deducting offering expenses pursuant to our Controlled Equity Offering sales agreement with Cantor Fitzgerald & Co. We plan to use the net proceeds from the sale of the shares to fund our research and development activities.”