Welcome to our dedicated page for Precision BioSciences news (Ticker: DTIL), a resource for investors and traders seeking the latest updates and insights on Precision BioSciences stock.
Precision BioSciences, Inc., based in Durham, North Carolina, is a pioneering biotechnology company dedicated to enhancing life through advanced genome editing. The company employs its proprietary genome editing platform, ARCUS, to develop innovative product candidates aimed at treating human diseases and offering solutions in food and agriculture.
ARCUS, distinguished by its compact size, enables the delivery of gene edits to a broader range of cells and tissues using both viral and non-viral methods. This versatility makes it a robust tool in Precision BioSciences' mission to address various health conditions and agricultural challenges.
The company has recently made significant strides in its projects, partnering with multiple organizations to expand its research and product development capabilities. These collaborations have been pivotal in propelling forward the potential applications of ARCUS technology.
Precision BioSciences is actively engaged in several cutting-edge projects that underscore its commitment to innovation. The company's financial health is reflected in its consistent investment in research and development, ensuring sustained growth and advancement in its technology.
Latest News:
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Precision BioSciences reported encouraging interim clinical results from its Phase 1/2a study of PBCAR0191, an allogeneic CAR T cell therapy targeting CD19. The study enrolled 27 patients, achieving an objective response rate (ORR) of 83% in NHL and B-ALL cohorts, with 75% of NHL patients reaching complete response (CR) by day 28. Enhanced lymphodepletion demonstrated a peak CAR T cell expansion of approximately 95-fold compared to standard methods, with no cases of GvHD or severe CRS. The company plans to advance to its next-generation candidate, PBCAR19B, expected to enter clinical trials in 2021.
DURHAM, N.C., Nov. 24, 2020 - Precision BioSciences, Inc. (Nasdaq: DTIL) announced that its Chief Scientific Officer, Derek Jantz, Ph.D., will participate in a fireside chat at the Piper Sandler 32nd Annual Virtual Healthcare Conference taking place from November 30 to December 3, 2020. The chat has been pre-recorded and is accessible to registered attendees via the Piper Sandler conference site until December 3. It can also be found on Precision's official website in the Investors and Media section.
Precision BioSciences, Inc. (Nasdaq: DTIL) reported financial results for Q3 2020, showing revenues of $7.4 million, up from $4.9 million in Q3 2019, driven by increased collaboration with Servier. R&D expenses rose to $24.9 million, reflecting ongoing clinical program costs. The net loss widened to $26.0 million, or $(0.50) per share. Key developments included an expanded partnership with Servier for four new CAR T programs and a clinical collaboration for PBCAR269A targeting multiple myeloma. The company expects to report updated interim data from the PBCAR0191 trial by year-end 2020.
Precision BioSciences, Inc. (Nasdaq: DTIL) will report its Q3 2020 financial results and provide a business update on November 10, 2020. The company focuses on its proprietary ARCUS genome editing platform, aiming to treat genetic and infectious diseases through CAR T immunotherapy and in vivo gene correction therapies. Precision BioSciences is dedicated to enhancing therapeutic safety and efficacy, and aims to develop 'off-the-shelf' solutions where current treatments are inadequate.
Precision BioSciences (Nasdaq: DTIL) has received favorable rulings from the U.S. Patent and Trademark Office’s Patent Trial and Appeal Board (PTAB) in two patent interference proceedings, affirming nine patents related to its allogeneic CAR T cell platform. The PTAB dismissed a third party's claim that it invented the technology, allowing Precision’s patents to remain intact. The patented technology allows for consistent and cost-effective CAR T cell production. The patents were issued in 2018 and involve a single-step genome editing process aimed at enhancing cancer immunotherapy.
Precision BioSciences (Nasdaq: DTIL) announced the appointment of Alex Kelly as Chief Corporate Affairs Officer, a newly created role overseeing investor relations and corporate communications. Kelly brings extensive experience from Allergan and other prominent companies, focusing on impactful messaging and business transformations. CEO Matt Kane highlighted Kelly's alignment with the company’s mission in developing innovative CAR T and gene editing therapies. Precision’s pipeline includes multiple CAR T products and gene correction candidates, indicating a significant growth trajectory.
DURHAM, N.C., Sept. 28, 2020 – Precision BioSciences, a clinical stage biotechnology company listed on Nasdaq as DTIL, announced its participation in two upcoming virtual investor conferences. The events include the Chardan 4th Annual Genetic Medicines Conference on October 5, 2020, from 8:30 – 9:00 AM ET, and the Jefferies Cell Therapy Summit, also on the same day, from 5:30 – 6:00 PM ET. Webcasts of the presentations will be available on the company's website, with an archived replay accessible for about 30 days post-event.
Precision BioSciences (Nasdaq: DTIL), a clinical-stage biotechnology company, announced its participation in two virtual investor conferences on October 5, 2020. The conferences include the Chardan 4th Annual Genetic Medicines Conference, scheduled for 8:30 AM ET, and the Jefferies Cell Therapy Summit, starting at 5:30 PM ET. Live webcasts will be accessible on the company’s website, with archived replays available for 30 days post-event. Precision BioSciences utilizes its ARCUS genome editing platform to develop innovative therapies for genetic and infectious diseases.
Precision BioSciences (Nasdaq: DTIL) announced a clinical trial collaboration with SpringWorks Therapeutics (Nasdaq: SWTX) to evaluate PBCAR269A, an allogeneic CAR T cell therapy targeting BCMA, in combination with nirogacestat, a gamma secretase inhibitor. The trial aims to improve outcomes in relapsed or refractory multiple myeloma patients and is set to commence in early 2021. Precision will cover all development costs, with the FDA granting Fast Track Designation to PBCAR269A. This collaboration seeks to enhance the efficacy of BCMA-targeted therapies through combined treatment strategies.
Precision BioSciences (Nasdaq: DTIL) expands its CAR T development agreement with Servier, adding two hematological and two solid tumor targets to its pipeline. This collaboration enhances the ongoing development of PBCAR0191, targeting CD19 in treating non-Hodgkin lymphoma and B-cell precursor acute lymphoblastic leukemia. Precision aims to utilize its ARCUS genome editing platform for early-stage research, with potential milestone payments expected in 2020 and 2021. The partnership aims to innovate 'off-the-shelf' CAR T therapies for broader cancer treatment applications.
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