ALX Oncology Holdings Inc (NAS:ALXO)

$ 1.62 -0.07 (-4.14%) Market Cap: 85.44 Mil Enterprise Value: -49.60 Mil PE Ratio: 0 PB Ratio: 0.63 GF Score: 27/100

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ALX Oncology Holdings Inc at JPMorgan Healthcare Conference Transcript

Jan 10, 2023 / 06:30PM GMT

Release Date Price: $9.47 (-9.64%)

Transcript

Unidentified Participant

Hi, everyone. Welcome. It's a great to have everyone back in person. My name is (inaudible). I'm an associate here in the healthcare investment banking team. It's my absolute pleasure to introduce Jaume Pons, CEO and President of ALX Oncology.

Jaume Pons

ALX Oncology Holdings Inc. - Founder, President, CEO & Director

Thank you. So after the customary disclaimers, let's move to CD47 as a target and Evorpacept our clinical candidate as a CD47 blocker.

So here on the left, you have the expression of CD47 in cancer cells in red and normal cells in black. As you can see, CD47 is very highly overexpressed in tumors, but also is like highly expressed in normal tissues. Therefore, if you want to use CD47 as a tumor target and kill all CD47 positive cells, you will be producing a lot of toxicity. Quite interesting to us about CD47 is its function as a myeloid checkpoint.

So it functions very similarly to PD-1, PD-L1, but instead of these cells, we are here talking about macrophages and dendritic cells in the innate immune

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