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SEC Company Response from Ayala Pharmaceuticals, Inc. (CIK 0001797336) — May 5, 2020

Ayala Pharmaceuticals, Inc. (CIK 0001797336)
Date: May 5, 2020 · CIK: 0001797336 · Accession: 0001193125-20-133765

AI Filing Summary & Sentiment

File numbers found in text: 333-236942

Date
May 5, 2020
Author
By
Form
CORRESP
Company
Ayala Pharmaceuticals, Inc. (CIK 0001797336)

Letter

Citigroup Global Markets Inc.

388 Greenwich Street

New York, New York 10013

Jefferies LLC

520 Madison Avenue

New York, New York 10022

May 5, 2020

Securities and Exchange Commission

Division of Corporation Finance

F Street, N.E.

Washington, D.C. 20549

Attn: Mr. Courtney L. Lindsay II

Re:

Ayala Pharmaceuticals, Inc.

Registration Statement on Form S-1

Registration File No. 333-236942

Ladies and Gentlemen:

In accordance with Rule 461 under the Securities Act of 1933, as amended (the “Act”), we, as representatives of the several underwriters, hereby join in the request of Ayala Pharmaceuticals, Inc. (the “Company”) for acceleration of the effective date of the above-named Registration Statement on Form S-1, as amended, so that it becomes effective at 4:00 PM, Eastern Time, on May 7, 2020 or as soon thereafter as practicable, or at such other time as the Company or its outside counsel, Latham & Watkins LLP, may orally request via telephone call that such Registration Statement be declared effective.

Pursuant to Rule 460 under the Act, we, as representatives of the several underwriters, wish to advise you that approximately 600 copies of the Preliminary Prospectus included in the above-named Registration Statement, as amended, were distributed during the period from May 4, 2020 through the date hereof, to prospective underwriters, institutions, dealers and others.

We, the undersigned, as representatives of the several underwriters, will comply with the requirements of Rule 15c2-8 under the Securities Exchange Act of 1934, as amended.

Very truly yours,
By:

Show Raw Text
CORRESP
1
filename1.htm

CORRESP

 Citigroup Global Markets Inc.

388 Greenwich Street

 New York, New York 10013

 Jefferies LLC

520 Madison Avenue

 New York, New York 10022

May 5, 2020

 Securities
and Exchange Commission

 Division of Corporation Finance

 100
F Street, N.E.

 Washington, D.C. 20549

Attn: Mr. Courtney L. Lindsay II

Re:

Ayala Pharmaceuticals, Inc.

 Registration Statement on Form
S-1

 Registration File No. 333-236942

Ladies and Gentlemen:

 In accordance with Rule
461 under the Securities Act of 1933, as amended (the “Act”), we, as representatives of the several underwriters, hereby join in the request of Ayala Pharmaceuticals, Inc. (the “Company”) for acceleration of the effective date of
the above-named Registration Statement on Form S-1, as amended, so that it becomes effective at 4:00 PM, Eastern Time, on May 7, 2020 or as soon thereafter as practicable, or at such other time as the
Company or its outside counsel, Latham & Watkins LLP, may orally request via telephone call that such Registration Statement be declared effective.

Pursuant to Rule 460 under the Act, we, as representatives of the several underwriters, wish to advise you that approximately 600 copies
of the Preliminary Prospectus included in the above-named Registration Statement, as amended, were distributed during the period from May 4, 2020 through the date hereof, to prospective underwriters, institutions, dealers and others.

We, the undersigned, as representatives of the several underwriters, will comply with the requirements of Rule
15c2-8 under the Securities Exchange Act of 1934, as amended.

Very truly yours,

 By:

 Citigroup Global Markets Inc.

 By:

 /s/ Dean Poniros

 Name: Dean Poniros

 Title: Vice President

 By:

 Jefferies LLC

 By:

 /s/ Netanel Ginor

 Name: Netanel Ginor

 Title: Head of Israel IB

 [Signature Page to
Underwriters’ Acceleration Request]