Allos Therapeutics, Inc. (NASDAQ: ALTH) today announced the presentation of further data from the Company’s randomized, international Phase 2b investigational study of FOLOTYN® (pralatrexate injection) relative to erlotinib in patients with Stage IIIB/IV (advanced) non-small cell lung cancer (NSCLC) at the 2010 Chicago Multidisciplinary Symposium in Thoracic Oncology. The presentation, which includes additional results from several pre-specified analyses, reinforces the favorable survival data observed with FOLOTYN in patients with advanced NSCLC—including outcomes observed in patients with non-squamous and squamous histologies, as well as results from an analysis adjusting for important baseline factors and potential imbalances in the number of patients between cohorts.

“The results presented at this important lung cancer conference further demonstrate the activity of FOLOTYN relative to erlotinib, an active comparator, in advanced non-small cell lung cancer – where nearly all patients progress through initial treatment and more treatment options are needed,” said Karen Kelly, M.D., presenter and an investigator of the study, The University of Kansas Medical Center. “Based on these results, I believe further studies are warranted to fully understand the potential role of FOLOTYN in the treatment of advanced non-small cell lung cancer in patients with both squamous and non-squamous histologies.”

The objective of this randomized, international, multi-center Phase 2b study (PDX-012) was to estimate the efficacy of FOLOTYN relative to that of erlotinib as assessed by overall survival, the primary endpoint of the trial. As previously reported, patients receiving FOLOTYN had a 16 percent reduction in the risk of death compared to erlotinib in the overall (intent-to-treat) population (n=201; hazard ratio (HR)=0.84) and a 13 percent reduction in the risk of death in the primary efficacy analysis population (n=166; HR=0.87). Secondary endpoints included progression-free survival (PFS) (HR=0.91; median PFS=3.4 months and 2.8 months for FOLOTYN and erlotinib, respectively). Review of the predefined patient cohorts indicated that the majority of cohorts responded favorably to FOLOTYN relative to erlotinib. The largest benefit was observed in patients with non-squamous cell carcinoma, while comparable survival was observed across both treatments in patients with squamous cell carcinoma.

The additional data presented at the Chicago symposium were based on analyses of the overall population (n=201) and showed that when adjusting for potential imbalances in several important baseline factors, the hazard ratio for overall survival, which favored FOLOTYN, was 0.73. These baseline factors included gender, race, histology, ECOG performance status, smoking history, response to prior therapy, prior treatment with pemetrexed, number of prior regimens, stage of disease at enrollment, weight loss prior to study and age at study entry. The presentation also included additional data from patients with non-squamous cell carcinoma (n=107) and squamous cell carcinoma (n=76). As previously presented, in patients with non-squamous cell carcinoma, overall survival and progression-free survival favored FOLOTYN with hazard ratios of 0.65 and 0.58, respectively; in patients with squamous cell carcinoma, a hazard ratio of 1.06 for overall survival was observed. Further details presented at the Chicago symposium showed that of those patients with non-squamous cell carcinoma who received FOLOTYN (n=61), 25 percent (n=15) had received prior treatment with pemetrexed. Additionally, in patients with squamous cell carcinoma, a hazard ratio of 1.06 was observed for progression-free survival, which reinforces the potential activity of FOLOTYN, given that erlotinib has historically shown a benefit in both overall and progression-free survival relative to placebo in patients with squamous cell carcinoma.

Of those patients treated with FOLOTYN (n=97) in the trial, 32 patients (33%) discontinued treatment due to adverse events, including 13 patients who discontinued within the first cycle of treatment or within 30 days. Of those patients treated with erlotinib (n=101), 10 patients (10%) discontinued treatment due to adverse events, including two patients who discontinued within the first 30 days. The rate of discontinuation for progression of disease was comparable between the two arms during the first cycle of treatment. To better understand the impact of discontinuation on the overall study results, an exploratory landmark analysis was conducted to assess the activity of FOLOTYN relative to erlotinib in patients who remained on treatment at 30 days (n=145). These data showed a hazard ratio of 0.61, which suggests that maintaining patients on FOLOTYN therapy may be important for efficacy.

The safety profile of FOLOTYN was consistent with that observed and reported in previous FOLOTYN solid tumor studies. The most common Grade 3-4 adverse event observed in patients treated with FOLOTYN was mucositis (23 percent). Other Grade 3-4 adverse events occurring in more than five percent (but less than 10 percent) of patients were fatigue (9 percent), dyspnea (6 percent), neutropenia (6 percent), thrombocytopenia (5 percent) and anemia (5 percent) in patients treated with FOLOTYN, and rash (8 percent), dyspnea (8 percent), anemia (8 percent) and fatigue (5 percent) in patients treated with erlotinib.

“We are pleased with these results that demonstrated the clinical activity of FOLOTYN in patients with advanced non-small cell lung cancer, an area of high unmet need,” said Charles Morris, MB ChB, MRCP, chief medical officer at Allos Therapeutics.

The 2010 Chicago Multidisciplinary Symposium in Thoracic Oncology (December 9-11) is co-sponsored by the American Society of Clinical Oncology (ASCO), American Society for Radiation Oncology (ASTRO), International Association for the Study of Lung Cancer (IASLC), and the University of Chicago. The Company had previously announced the top-line results from this trial in July and presented the results for the first time at the European Society of Medical Oncology in October 2010.

Study Design

The objective of this randomized, open-label, international, multi-center Phase 2b study was to estimate the efficacy of FOLOTYN relative to that of erlotinib, marketed as TARCEVA®, as assessed by overall survival. The trial enrolled 201 current or former smokers with Stage IIIB/IV (advanced) NSCLC who had received one or two previous treatments including at least one prior platinum-based chemotherapy regimen. The primary endpoint of the trial was overall survival. Secondary endpoints included progression-free survival and response rate as compared with erlotinib, and the safety and tolerability of FOLOTYN. The study was not designed to show a statistically significant difference between the two treatment arms. No definition of statistical significance was included in the statistical analysis plan.

The trial – which enrolled patients across 43 locations worldwide (15 U.S. sites and 28 ex-U.S. sites) – was initiated by Allos in January 2008 and completed enrollment in July 2009. The first 35 patients enrolled in the study were randomly assigned one-to-one to receive FOLOTYN (intravenous push on days 1 and 15 of a 28-day cycle; initial dose of 230 mg/m2) or erlotinib (oral, 150 mg daily in a 28-day cycle). Following a protocol amendment, 166 patients were randomly assigned one-to-one to receive either FOLOTYN at 190 mg/m2 or erlotinib at 150 mg/day and then further stratified by light versus heavy smokers. All patients received concurrent vitamin therapy of B12 and folic acid. According to the statistical analysis plan, analyses were also conducted to assess the activity of FOLOTYN and erlotinib in predefined patient cohorts, which included light smokers (n=37) and heavy smokers (n=164), current smokers (n=50) and former smokers (n=151), squamous (n=76) and non-squamous histology (n=107), and patients who received prior pemetrexed (n=30) and those who had not (n=171).

About Lung Cancer

More people die each year from lung cancer than any other type of cancer – including breast, prostate and colorectal cancers combined. In 2010, it is estimated that there will be more than 200,000 new cases of lung cancer diagnosed in the United States and over 150,000 deaths. There are primarily two types of lung cancer: NSCLC and small cell lung cancer (SCLC). NSCLC accounts for the majority of lung cancers (about 87 percent) and develops slowly – often causing few or no symptoms until very late stages. The most common subtypes of NSCLC are squamous cell carcinoma and non-squamous carcinomas such as adenocarcinoma and large-cell undifferentiated carcinoma. Squamous cell carcinomas account for 25-30 percent of all lung cancers while adenocarcinoma and large-cell undifferentiated carcinoma account for 40 percent and 10-15 percent of lung cancers, respectively. The majority of people are diagnosed with advanced stage disease and only one to five percent of people with advanced stage (IIIB/IV) NSCLC survive to five years. The most widely used therapies to date remain surgery, chemotherapy, and radiation therapy.

About FOLOTYN

FOLOTYN, a folate analogue metabolic inhibitor, was discovered by Sloan-Kettering Institute for Cancer Research, SRI International and Southern Research Institute and developed by Allos Therapeutics. In September 2009, the U.S. Food and Drug Administration (FDA) granted accelerated approval for FOLOTYN for use as a single agent for the treatment of patients with relapsed or refractory PTCL. This indication is based on overall response rate. Clinical benefit such as improvement in progression free survival or overall survival has not been demonstrated. FOLOTYN has been available to patients in the U.S. since October 2009.

About Allos Therapeutics

Allos is currently focused on the development and commercialization of FOLOTYN® (pralatrexate injection), a folate analogue metabolic inhibitor. FOLOTYN is the first and only drug approved in the U.S. for the treatment of patients with relapsed or refractory peripheral T-cell lymphoma. Allos is also developing FOLOTYN in other hematologic malignancies and solid tumors. Allos retains exclusive worldwide rights to FOLOTYN for all indications. Allos is headquartered in Westminster, CO. For additional information, please visit www.allos.com.

IMPORTANT SAFETY INFORMATION

Warnings and Precautions

FOLOTYN may suppress bone marrow function, manifested by thrombocytopenia, neutropenia, and anemia. Monitor blood counts and omit or modify dose for hematologic toxicities.

Mucositis may occur. If ≥Grade 2 mucositis is observed, omit or modify dose. Patients should be instructed to take folic acid and receive vitamin B12 to potentially reduce treatment-related hematological toxicity and mucositis.

FOLOTYN can cause fetal harm. Women should avoid becoming pregnant while being treated with FOLOTYN and pregnant women should be informed of the potential harm to the fetus.

Use caution and monitor patients when administering FOLOTYN to patients with moderate to severe renal function impairment.

Elevated liver function test abnormalities may occur and require monitoring. If liver function test abnormalities are ≥Grade 3, omit or modify dose.

Dermatologic reactions may occur. Patients with dermatologic reactions should be monitored closely, and if skin reactions are severe, FOLOTYN should be withheld or discontinued.

Adverse Reactions

The most common adverse reactions were mucositis (70%), thrombocytopenia (41%), nausea (40%), and fatigue (36%). The most common serious adverse events are pyrexia, mucositis, sepsis, febrile neutropenia, dehydration, dyspnea, and thrombocytopenia.

Use in Specific Patient Population

Nursing mothers should be advised to discontinue nursing or the drug, taking into consideration the importance of the drug to the mother.

Drug Interactions

Co-administration of drugs subject to renal clearance (e.g., probenecid, NSAIDs, and trimethoprim/sulfamethoxazole) may result in delayed renal clearance.

Please see FOLOTYN Full Prescribing Information at www.FOLOTYN.com.

Safe Harbor Statement

This press release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include statements regarding the potential safety and efficacy of FOLOTYN for the treatment of patients with advanced non-small cell lung cancer, the potential future development of FOLOTYN for the treatment of advanced non-small cell lung cancer; and other statements that are other than statements of historical facts. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “expects,” “intends,” “plans,” anticipates,” “believes,” “estimates,” “predicts,” “projects,” “potential,” “continue,” and other similar terminology or the negative of these terms, but their absence does not mean that a particular statement is not forward-looking. Such forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties that may cause actual results to differ materially from those anticipated by the forward-looking statements. These risks and uncertainties include, among others: that data from preclinical studies and clinical trials may not necessarily be indicative of future clinical trial results; that the safety and/or efficacy profile for FOLOTYN may not support further clinical development in advanced non-small cell lung cancer; and the risk that the Company may lack the financial resources and access to capital to fund future clinical trials for FOLOTYN. Additional information concerning these and other factors that may cause actual results to differ materially from those anticipated in the forward-looking statements is contained in the "Risk Factors" section of the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2010, and in the Company's other periodic reports and filings with the Securities and Exchange Commission. The Company cautions investors not to place undue reliance on the forward-looking statements contained in this press release. All forward-looking statements are based on information currently available to the Company on the date hereof, and the Company undertakes no obligation to revise or update these forward-looking statements to reflect events or circumstances after the date of this presentation, except as required by law.

Note: The Allos logo and FOLOTYN name are trademarks of Allos Therapeutics, Inc.TARCEVA is a registered trademark of OSI Pharmaceuticals, Inc.

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