The Durham, North Carolina-based company said it had a loss of 22 cents per share.. It operates through the Therapeutics and Food segments. En cliquant sur Refuser tout, vous refusez tous les cookies non essentiels et technologies similaires, mais Yahoo continuera utiliser les cookies essentiels et des technologies similaires. All Rights Reserved. Our precision supplements contain proven combinations of enzymes, probiotics, and vitamins, designed to optimize the human microbiome. Durham-based Precision Biosciences has landed a new deal with Novartis that could be worth up to $1.4 billion. ARCUS uses sequence-specific DNA-cutting enzymes, or nucleases to insert (knock in), remove (knock out), or repair DNA of living cells and tissues. Precision BioSciences selected this as a representative review. Precision BioSciences Reports Third Quarter 2022 Financial Results and Provides Business Update, Precision BioSciences Announces Data Presentation on Effective Cell Dose and Functional Attributes of CD19 Allogeneic CAR T, Azer-Cel, at the Upcoming 2022 American Society of Hematology (ASH) Annual Meeting, Precision BioSciences to Report Third Quarter 2022 Financial Results on November 8, 2022, Precision BioSciences Announces Grant of Inducement Award Pursuant to Nasdaq Listing Rule 5635(c)(4), Precision BioSciences to Present at the European Society of Gene & Cell Therapy (ESGCT) 29th Congress, Precision BioSciences to Participate in Upcoming Jefferies Cell & Genetic Medicine Summit, Precision BioSciences to Participate in Upcoming H.C. Wainwright 24th Annual Global Investment Conference, Precision BioSciences Announces Senior Leadership Organizational Changes, Precision BioSciences Reports Second Quarter 2022 Financial Results and Provides Business Update, Precision BioSciences to Report Second Quarter 2022 Financial Results on August 8, 2022, Precision BioSciences Announces Closing of Underwritten Offering of Common Stock, Precision BioSciences Announces $50 Million Offering of Common Stock, Precision BioSciences Announces In Vivo Gene Editing Collaboration with Novartis to Develop Potentially Curative Treatment for Disorders Including Sickle Cell Disease, Precision BioSciences Provides Update on Allogeneic CAR T Programs and Path Forward with Its Lead PBCAR0191 Candidate for CAR T Relapsed Patient Population, Precision BioSciences to Provide an Update on its Ongoing Allogeneic CAR T Programs via Hosted Virtual Webcast and Conference Call on Wednesday, June 8, 2022, Precision BioSciences to Participate in Upcoming Jefferies Healthcare Conference, Precision BioSciences Appoints Melinda Brown to Board of Directors, Precision BioSciences Appoints Juli Blanche as Chief People Officer, Precision BioSciences Announces Publication in Molecular Therapy of ARCUS In Vivo Gene Editing as a Promising Therapeutic Approach to Cure Chronic Hepatitis B Infection, Precision BioSciences Announces Preclinical Data Showcasing Premier In Vivo Gene Editing Capabilities at American Society of Gene & Cell Therapy Annual Meeting, Precision BioSciences Announces Grant of Inducement Awards Under Nasdaq Listing Rule 5635(c)(4), Precision BioSciences Reports First Quarter 2022 Financial Results and Provides Business Update, Precision BioSciences to Present Preclinical In Vivo Gene Editing Research at Upcoming American Society of Gene & Cell Therapy 25th Annual Meeting, Precision BioSciences to Report First Quarter 2022 Financial Results on May 9, 2022, Precision BioSciences Reports Fourth Quarter and Fiscal Year 2021 Financial Results and Provides Business Update, Precision BioSciences to Report Fourth Quarter and Fiscal Year 2021 Results on March 15, 2022, Precision BioSciences to Present at the 40th Annual J.P. Morgan Health Care Conference, Precision BioSciences Completes Spin-Out of Elo Life Systems, Precision BioSciences Reports Clinical Program Updates for Its Allogeneic CAR T Pipeline, Precision BioSciences to Host Virtual Webcast and Conference Call to Review Interim Phase 1/2a PBCAR0191 CAR T Data and Provide CAR T Program Updates on Saturday, December 11, 2021, Precision BioSciences to Present Preclinical Gene Editing Data on its ARCUS-Based Chronic Hepatitis B Program at the HEP DART 2021 Conference, Precision BioSciences Reports Third Quarter 2021 Financial Results and Provides Business Update, Precision BioSciences to Highlight Capabilities of ARCUS Gene Editing for Allogeneic CAR T Cell Immunotherapies at The Society for Immunotherapy of Cancer 36th Annual Meeting, Precision BioSciences Appoints Sam Wadsworth, Ph.D. and Shari Lisa Pir, J.D. Forward-looking statements are based on managements current expectations, beliefs and assumptions and on information currently available to us. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including, without limitation, statements regarding the clinical development and expected efficacy and benefit of our product candidates, benefits of ARCUS and potential expansion and development using ARCUS, the expected timing of updates regarding our allogeneic CAR T and in vivo programs, the expected timing of communications with regulators, the expected advancement toward and timing of IND and CTA filings, the ability of our product candidates, if approved, to become best-in-class or first-in-class, the planned development activities with our collaboration partners, expectations about our operational initiatives and business strategy, achieving key milestones and additional collaborations, and expectations regarding our liquidity and ability to fund operating expenses and capital expenditures requirements. Dr. Philip M. Arlen gives presentation on recent NEO-201 clinical development at Biomarkers & Immuno US, 4th Annual Advances in Immuno-Oncology USA Congress, San Diego, CA, October 4, 2022 READ MORE . Copyright 2019-2022. You can change your choices at any time by visiting your privacy controls. Precision BioSciences leverages ARCUS in the development of its product candidates, which are designed to treat human diseases and create healthy and sustainable food and agriculture solutions. At Precision BioSciences we are 'Dedicated to Improving Life' and are using our novel ARCUS genome editing technology to develop a new class of medicines designed to overcome and potentially cure, hard-to-treat conditions including cancer and genetic diseases. Compare pay for popular roles and read about the team's work-life balance. We are in discussions with iECURE and will provide an update on the program when more information is available. Privacy Policy ARCUS is a highly precise and versatile genome editing platform that was designed with therapeutic safety, delivery, and control in mind. News and Events, Pipeline This rating has decreased by -3% over the last 12 months. Precision is also eligible to receive certain research funding and tiered royalties ranging from the mid-single digits to low-double digits on product sales, should Novartis successfully commercialize a therapy from the collaboration. READ MORE. The Durham, North Carolina-based company said it had a loss of 22 cents per share. PBCAR19B: PBCAR19B is Precisions second generation, anti-CD19 targeting allogeneic CAR T candidate designed to evade immune rejection by host T cell and natural killer (NK) cells with a single-gene edit to knock-down beta-2 microglobulin and insert an HLA-E transgene. Revenues: Total revenues for the quarter ended June 30, 2022 were $3.8 million, as compared to $68.8 million for the same period in 2021. Condensed Consolidated Statements of Operations, (In thousands, except share and per share amounts), Weighted average shares of common stock outstanding, Condensed Consolidated Balance Sheets Data, View source version on businesswire.com: https://www.businesswire.com/news/home/20220808005115/en/, Investor Contact: . We are engaged in COVID-19 research with comprehensive solutions for all areas of therapeutic, vaccine and diagnostic development. In addition to a $25 million equity investment from Novartis in Precisions common stock at $2.01 per share received in June 2022, Precision received an upfront cash payment of $50 million on July 12, 2022 and is eligible to receive up to an aggregate amount of approximately $1.4 billion in additional payments for future milestones. Uncover why Precision BioSciences is the best company for you. PBGENE-HBV candidate is in pre-clinical development and Precision is targeting an IND/CTA submission in 2024 following completion of pre-clinical and IND enabling studies. Precision BioSciences is a company and a community dedicated to improving life. Precision BioSciences, Inc. is a clinical stage biotechnology company dedicated to improving life (DTIL) with its novel and proprietary ARCUS genome editing platform. Abstracts Ms. Blanche joined Precision from Bristol-Myers Squibb where she was Senior Vice President and HR Business Partner, Global Commercialization. About Us Precision Biologics is dedicated to improving the lives of cancer patients through its innovative therapeutic and diagnostic products. In some cases, you can identify forward-looking statements by terms such as aim, anticipate, approach, believe, contemplate, could, estimate, expect, goal, intend, look, may, mission, plan, possible, potential, predict, project, should, target, will, would, or the negative thereof and similar words and expressions. as Chief Medical Officer, Precision BioSciences Reacquires Global Rights to its Allogeneic CAR T Programs, Precision BioSciences Appoints Stanley R. Frankel, M.D. Net Loss: Net loss was $31.0 million, or $(0.46) per share (basic and diluted), for the quarter ended June 30, 2022, as compared to net income of $21.7 million, or $0.38 per share (basic) and $0.36 per share (diluted), for the same period in 2021. As part of the agreement, Precision will develop a single, custom ARCUS nuclease designed to insert, in vivo, a therapeutic transgene at a safe harbor location in the genome as a potential one-time transformative treatment option for diseases including certain hemoglobinopathies such as sickle cell disease and beta thalassemia. The Company expects that existing cash and cash equivalents, including the cash payment of $50.0 million received from Novartis on July 12, 2022, expected operational receipts, and available credit will be sufficient to fund its operating expenses and capital expenditure requirements to the end of 2024. Nous, Yahoo, faisons partie de la famille de marques Yahoo. CAR T Immunotherapy Contact Us Precision will conduct in vitro characterization, with Novartis then assuming responsibility for all subsequent research, development, manufacturing and commercialization activities. DURHAM - Precision BioSciences Inc. (DTIL) on Tuesday reported a loss of $23.9 million in its third quarter. All forward-looking statements speak only as of the date of this press release and, except as required by applicable law, we have no obligation to update or revise any forward-looking statements contained herein, whether as a result of any new information, future events, changed circumstances or otherwise. Based on an average daily trading volume, of 1,420,000 shares, the short-interest ratio is presently 1.3 days. DURHAM, N.C., September 07, 2022--Precision BioSciences, Inc. (Nasdaq: DTIL) a clinical stage gene editing company developing ARCUS-based ex vivo allogeneic CAR T and in vivo gene editing . Autoimmune & Allergy. Precision BioSciences: Q3 Earnings Snapshot. This past quarter, we have executed on many important aspects of our business. Maurissa MessierSenior Director, Corporate Communications Ms. Brown is a financial expert with proven experience leading accounting, finance and enterprise risk management teams in large, public companies, including Tapestry, Inc. and PepsiCo, Inc. Precision expects to provide the next update on its clinical ex vivo allogeneic CAR T programs toward year-end 2022. PBCAR269A: PBCAR269A is Precisions investigational allogeneic CAR T cell candidate targeting B-cell maturation antigen (BCMA) for R/R multiple myeloma. As of September 30th, there was short interest totalling 1,810,000 shares, a growth of 34.1% from the September 15th total of 1,350,000 shares. Precision BioSciences Conference Call and Webcast Information Precision's management team will host a conference call and webcast at 8:30 a.m. Precision BioSciences provides reasonable . Preclinical data from this program was presented during the Gene Editing in Cancer and Complex Diseases oral session at the ASGCT Annual Meeting and within the same month published online in Molecular Therapy in May 2022. Presentations, annual # of new cases of cancer in the US. Importantly, the optimized specificity of the ARCUS nuclease completely prevented detectable chromosomal translocations in the PHH model. ARCUS is a highly precise and versatile genome editing platform that was designed with therapeutic safety, delivery, and control in mind. Cookie Policy. Precision BioSciences, Inc. 4 years 4 months Quality Control Associate Precision BioSciences, Inc. Nov 2019 - Present 3 years. Therapeutics This isn't just a statement supporting the products that we're developing - it's a statement that speaks to our collective desire to do our part in improving the lives of those around us. 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