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Advaxis To Seek New Life In Merger With Ayala

 
• By Joseph Haas

The new company will focus mainly on Ayala’s lead candidate for desmoid tumors, but minority owner Advaxis will take over management.

Mismatch
Advaxis and Ayala plan a merger of dissimilar cancer companies • Source: Shutterstock

Troubled Advaxis, Inc. may be getting a second lease on life by merging with cash-poor Ayala Pharmaceuticals, Inc., which has a late-stage candidate for desmoid tumors, a condition with no approved drug therapy, although it appears to trail competitor SpringWorks Therapeutics Inc. on both efficacy data and timeline for reaching the market in that indication.

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