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The latest announcement is out from AdAlta Ltd. ( (AU:1AD) ).
AdAlta Limited announced the resignation of non-executive director Iain Ross due to potential conflicts of interest with another company. The company will not immediately replace him. Ross’s tenure was marked by a strategic shift from internal drug discovery to a focus on cellular immunotherapy, which has been pivotal for AdAlta’s growth. This change in leadership comes as AdAlta aims to leverage its innovative strategies to dominate the rapidly growing cellular immunotherapy market, projected to reach US$20.3 billion by 2028.
More about AdAlta Ltd.
AdAlta Limited is a clinical stage biotechnology company focused on developing effective cellular immunotherapies for solid cancers. The company employs an ‘East to West’ strategy, integrating Asian T cell therapy innovations with Australia’s clinical and manufacturing capabilities to bridge Eastern innovations with Western markets. AdAlta’s disciplined approach targets highly differentiated T cell therapies, aiming to address the underserved solid tumor segment, which represents 90% of cancers. The company also offers AD-214, a novel fusion protein for fibrotic diseases, available for partnering.
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$2.14M
For detailed information about 1AD stock, go to TipRanks’ Stock Analysis page.