MASHINIi

ALX Oncology Holdings Inc..

ALXO.US | Research and experimental development on natural sciences and engineering

ALX Oncology Holdings Inc. is a clinical-stage immuno-oncology company focused on helping patients fight cancer by developing therapies that block the CD47 checkpoint pathway. Their lead product candidate, evorpacept (ALX148), is a next-generation CD47 blocker engineered to mitigate the limitations ...Show More

Ethical Profile

Mixed.

ALX Oncology Holdings Inc. (ALXO.US) is a clinical-stage immuno-oncology company focused on cancer therapies. Its lead product, Evorpacept, showed promise with an 83% complete response rate in a Phase 1 trial for indolent relapsed/refractory B-cell NHL. However, Evorpacept allegedly failed primary endpoints in two Phase 2 trials for head and neck squamous cell carcinoma. The company also reportedly laid off 30% of its workforce to streamline operations. Critics point to ALX Oncology's significant involvement in animal testing for pre-clinical studies, with no public data on efforts to reduce or replace animal use.

Value Scores

Better Health for All-20
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect0
-100100
Fair Trade & Ethical Sourcing0
-100100
Honest & Fair Business-40
-100100
Kind to Animals-60
-100100
No War, No Weapons0
-100100
Planet-Friendly Business0
-100100
Respect for Cultures & Communities0
-100100
Safe & Smart Tech0
-100100
Zero Waste & Sustainable Products0
-100100

Better Health for All

-20

ALX Oncology's core business is developing novel cancer therapies, with its entire pipeline focused on treating cancer and extending patients' lives.

1
While its evorpacept therapy failed to meet primary endpoints in two Phase 2 trials for head and neck squamous cell carcinoma,
2
it demonstrated an 83% complete response rate in indolent relapsed/refractory B-cell Non-Hodgkin Lymphoma, compared to a 34% historical rate.
3
It also showed a 56% response rate and 7.4 months median progression-free survival in HER2-positive breast cancer patients.
4
The company's investigational therapies have shown a well-tolerated safety profile in a randomized trial and a manageable safety profile in combination therapies, with no dose-limiting toxicities observed in the prior two dose cohorts for ALX2004.
5
However, the combination of evorpacept and zanidatamab showed a manageable safety profile in patients who had received a median of six prior therapies, including Enhertu.
6
The company laid off 30% of its workforce in early March 2025 and reduced preclinical research to focus on evorpacept trials.
7
ALX Oncology's Code of Business Conduct and Ethics, adopted June 25, 2020, requires compliance with environmental laws and aims to minimize environmental impacts.
8
The Code also outlines responsible handling of nonpublic information and requires employees to sign a Confidential Information Agreement.
9
The company provides a whistleblower hotline and web portal for reporting violations.
10
It has an expanded access policy stating it does not currently offer access to evorpacept outside of clinical studies.
11

Fair Money & Economic Opportunity

0

No evidence available to assess ALX Oncology Holdings Inc. on Fair Money & Economic Opportunity.

Fair Pay & Worker Respect

0

No specific, quantitative evidence was found in the provided articles for any of the KPIs under the 'Fair Pay & Worker Respect' value. Information regarding employee benefits, compensation philosophy, and governance structures was present, but lacked the precise numerical data required by the rubric's quantitative thresholds for living wage coverage, CEO-to-median pay ratio, collective bargaining share, safety incident rate, pay equity ratio, worker engagement score, voluntary turnover rate, labor violation incidents, insecure contract share, or health insurance coverage percentage.

1
For example, while a reduction in workforce was mentioned, it does not constitute voluntary turnover.
2
Similarly, general statements about competitive benefits or non-discrimination policies do not provide the specific percentages or ratios needed for scoring.

Fair Trade & Ethical Sourcing

0

No specific, quantifiable evidence was found in the provided articles for any of the KPIs related to Fair Trade & Ethical Sourcing. ALX Oncology adopted a Code of Business Conduct and Ethics on June 25, 2020.

1
which provides a general statement of ethical expectations for its directors, employees, officers, and contractors. However, the articles do not provide data on fair-trade certifications, supplier audit frequencies, incidents of forced or child labor, supply chain traceability, remediation speed for violations, ethical clauses in supplier contracts, materials risk, or supplier diversity spend.

Honest & Fair Business

-40

ALX Oncology Holdings Inc. has a Code of Business Conduct, adopted on June 25, 2020, which includes a whistleblower policy.

1
This policy allows employees to report violations via an online web portal or phone and prohibits retaliation against individuals who report in good faith.
2
The company states it will promptly investigate suspected violations, but there is no evidence of independent investigation processes.
3
All directors, officers, and employees are required to sign an annual acknowledgment form confirming their understanding and agreement to comply with the Code.
4
The company's SEC filings, including the Form 10-Q as of September 30, 2024, make no mention of financial restatements, and disclosure controls and procedures were deemed effective.
5
The Code of Business Conduct includes sections on compliance with the Foreign Corrupt Practices Act (FCPA) and related anti-corruption laws, prohibiting bribery to obtain or retain business, but the articles do not provide information on training frequency or effectiveness metrics for this policy.
6

Kind to Animals

-60

ALX Oncology Holdings Inc. conducts pre-clinical studies of its drugs on animals to assess product safety, including using animal models in leukemia research.

1
The company has significant involvement in animal testing, with evidence of using animals for tumor elimination and prolonged survival studies.
2
There is no explicit mention of a formal animal testing policy or any commitment to reduce animal testing.
3
The company's preclinical studies involve animal models, and there is no data on the number of animals used, which, in the absence of any reported reduction or alternative methods, maps to the highest negative tier for volume.
4

No War, No Weapons

0

The provided articles consistently describe ALX Oncology as a clinical-stage immuno-oncology company focused on developing cancer therapies.

1
However, none of the articles contain specific, concrete data points or explicit statements regarding the company's involvement, or lack thereof, in arms manufacturing, military contracts, dual-use technologies, sales to sanctioned regimes, peacebuilding investments, or any other metrics related to the 'No War, No Weapons' value.
2
The articles explicitly state that information for all relevant KPIs is not provided.
3
Therefore, no KPIs can be scored based on the evidence.

Planet-Friendly Business

0

No specific, quantitative data points are available in the provided articles to assess ALX Oncology Holdings Inc. against the Planet-Friendly Business KPIs. Article 1 explicitly states that carbon emissions data, reduction targets, renewable energy use, water use, waste diversion, and other environmental metrics are not publicly available or are missing.

1
There is no evidence of certifications, awards, or regulatory actions.
2

Respect for Cultures & Communities

0

No specific, concrete data points were found in the provided articles for any of the KPIs related to 'Respect for Cultures & Communities'. The articles primarily focus on financial performance, corporate governance, and scientific research and development, without detailing community engagement, cultural preservation efforts, or local impact metrics. While a whistleblower hotline and web portal are mentioned for reporting violations of the Code of Business Conduct and Ethics, this mechanism is not explicitly defined for addressing broader community concerns as per the KPI's scope.

1

Safe & Smart Tech

0

The company's privacy policy, updated January 8, 2025, outlines user rights to access, update, and delete data.

1
No other specific information regarding data protection, cybersecurity, or AI ethics is available.

Zero Waste & Sustainable Products

0

The provided articles, primarily financial reports, do not contain specific, quantifiable data for any of the 'Zero Waste & Sustainable Products' KPIs.

1
While one article outlines the company's policy to conduct business in an environmentally responsible way, minimize environmental impacts, reduce waste generation, and dispose of waste safely, these are stated goals and policies, not measurable outcomes, specific initiatives, or reported results.
2
No evidence is provided regarding waste diversion rates, product recyclability, packaging sustainability, recycled content, single-use plastic reduction, take-back programs, circular design, waste reduction initiatives, hazardous waste management performance, product durability, repairability, waste audit frequency, zero waste certifications, waste disposal violations, material efficiency, packaging-to-product ratio, waste reduction targets, supplier waste requirements, or customer waste education programs.
3

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AI-generated analysis based on publicly available data. Not financial advice. Ratings are expressions of opinion derived from automated models and may contain inaccuracies. See our Risk Disclosure for full details.