Allon Provides Update to its Proposal and Reorganization

VANCOUVER, June 7, 2013 /CNW/ - Allon Therapeutics Inc. (TSX: NPC) ("Allon" or the "Company") refers to its news release dated May 30, 2013 regarding the proposal made by the Company to its creditors pursuant to the Bankruptcy and Insolvency Act (Canada). The Company has been advised that Deloitte & Touche Inc., as proposal trustee (the "Trustee"), has received an unsolicited offer from a third party.  The Company understands that the Trustee is investigating this matter and will provide updates to creditors as or when more information becomes available.

SOURCE: Allon Therapeutics Inc.