** Shares of Arovella TherapeuticsALA.AX jump as much as 10.6% to A$0.084, its biggest intraday pct jump in three months
** Stock hits highest level since Dec 1 after submitting Investigational New Drug $(IND)$ application to U.S. FDA for cell therapy candidate ALA-101
** Co says IND application to progress ALA-101 towards first-in-human Phase 1 clinical trial, pending FDA clearance
** ALA-101 targets specific cancer cells to treat lymphoma and leukemia
** ALA down almost 52% YTD
(Reporting by Aamir Sheik Khalid in Bengaluru)
((Aamir.SheikKhalid@thomsonreuters.com))
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