Allegiance Equity Corporation is engaged in providing financial and business capability to emerging corporations primarily in the pharmaceutical, medical and biotechnology industries. Its subsidiaries include Prime Pharmaceutical Corporation (Prime) and Primapharm Funding Corporation (Primapharm). The Company has an interest in Masonburg Properties, Posters Plus and First Eastern. The Company has a 14.68% interest in Innovative Life Sciences Corporation. The Company through its subsidiary, Prime, has a 10% interest in Apollo Pharmaceutical Inc.