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Eterna Therapeutics Inc. - ERNA STOCK NEWS

Welcome to our dedicated page for Eterna Therapeutics news (Ticker: ERNA), a resource for investors and traders seeking the latest updates and insights on Eterna Therapeutics stock.

Eterna Therapeutics Inc. (Nasdaq: ERNA) is a leading biopharmaceutical company focused on developing transformational new medicines through advanced mRNA cell engineering technologies. The company's core mission is to harness these technologies to repair cellular dysfunction and address a diverse range of therapeutic indications.

As a pioneer in the field, Eterna is actively engaged in creating groundbreaking mRNA-based therapies aimed at improving patient health outcomes, particularly for those with high unmet medical needs. The company’s extensive portfolio includes over 130 in-licensed patents that cover critical technologies such as mRNA cell reprogramming, mRNA gene editing, and unique delivery systems like the ToRNAdo™ mRNA delivery system, in collaboration with Factor Bioscience.

Eterna's most advanced program includes multiple next-generation therapies in the preclinical stage, targeting conditions like acute respiratory distress syndrome, solid tumors, and rare genetic diseases through in vivo gene-editing therapies. The company's flagship product, IRX-2, a human cell-derived cytokine therapy, has shown promising results in clinical trials for head and neck cancer and is currently advancing through Phase 2b trials.

In recent financial developments, Eterna has successfully closed private placement transactions to raise over $9.2 million, which will support its innovative research and development projects. These transactions involve senior convertible promissory notes and accompanying warrants, reflecting investor confidence in the company's future potential.

The leadership team at Eterna has also seen strategic changes, with the recent appointment of Sanjeev Luther as President and CEO, effective January 1, 2024. Mr. Luther brings extensive experience from his previous roles in global pharmaceutical companies, which will be instrumental in driving Eterna's growth and clinical advancements.

Rhea-AI Summary
Eterna Therapeutics Inc. (Nasdaq: ERNA) announced a private placement transaction to sell approximately $9.2 million aggregate principal amount of senior convertible promissory notes and accompanying warrants to purchase an aggregate of 9,579,014 shares of common stock. The notes will bear interest at a rate of 12.0% per year, payable quarterly, and mature five years after issuance unless earlier redeemed, repurchased, or converted. Each purchaser of the convertible notes will receive warrants to purchase 200% of the number of shares of Eterna common stock into which such purchaser’s note is initially convertible. The offer and sale of the securities have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption.
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Eterna Therapeutics Inc. has appointed James Bristol, Ph.D., to its Board of Directors. Dr. Bristol is a seasoned biopharmaceutical executive with over 30 years of experience in research and development and drug discovery. He has held various leadership roles in the industry and has been actively involved in multiple Boards of Directors and advisory roles. Eterna is excited to have him join the company as they continue their mission of developing next-generation therapies using mRNA cell engineering.
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Eterna Therapeutics initiates development of novel hypoimmune iPSC line under collaboration with Lineage Cell Therapeutics for cell transplant therapies
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Eterna Therapeutics appoints Dorothy Clarke to its Board of Directors
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Eterna Therapeutics Inc. has appointed Brant Binder and Richard Wagner, Ph.D. to its Board of Directors, while Charles Cherington and Nicholas Singer have stepped down. Binder and Wagner bring a wealth of industry expertise and have a proven history of delivering value for stakeholders. Eterna looks forward to working with them to drive future growth.
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Eterna Therapeutics and Factor Bioscience present new data on iPS cell-derived multi-cell-type therapeutic strategy for solid-tumor targeting at ASGCT Annual Meeting.
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Eterna Therapeutics Inc. has acquired the global immuno-oncology platform of Exacis Biotherapeutics. The acquisition includes Exacis' pipeline of engineered cell therapy programs for hematologic and solid tumors. Eterna now has an exclusive global license to produce mRNA-engineered natural killer and T-cell therapies derived from induced pluripotent stem cells. The terms of the acquisition include an upfront payment in shares of Eterna common stock, as well as milestone and other potential payments totaling up to $49.0 million.
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FAQ

What is the current stock price of Eterna Therapeutics (ERNA)?

The current stock price of Eterna Therapeutics (ERNA) is $0.6147 as of November 20, 2024.

What is the market cap of Eterna Therapeutics (ERNA)?

The market cap of Eterna Therapeutics (ERNA) is approximately 30.2M.

What does Eterna Therapeutics Inc. specialize in?

Eterna Therapeutics specializes in developing new medicines using mRNA cell engineering to treat various medical conditions, including cancer and rare genetic diseases.

What is IRX-2?

IRX-2 is a human cell-derived cytokine therapy developed by Eterna Therapeutics, currently in Phase 2b clinical trials for head and neck cancer.

Who is the new CEO of Eterna Therapeutics Inc.?

Sanjeev Luther has been appointed as the new President and CEO of Eterna Therapeutics, effective January 1, 2024.

How many patents does Eterna Therapeutics hold?

Eterna Therapeutics holds a portfolio of over 130 in-licensed patents covering key mRNA cell engineering technologies.

What are some key technologies Eterna is working on?

Eterna is working on technologies for mRNA cell reprogramming, mRNA gene editing, and the ToRNAdo™ mRNA delivery system.

How is Eterna funding its development projects?

Eterna recently raised over $9.2 million through private placement transactions involving senior convertible promissory notes and warrants.

What are the clinical focuses of Eterna's current projects?

Eterna is focusing on therapies for acute respiratory distress syndrome, solid tumors, and rare genetic diseases.

What is the ToRNAdo™ system?

The ToRNAdo™ system is a proprietary mRNA delivery technology developed by Factor Bioscience and in-licensed by Eterna Therapeutics.

Where can I find more information about Eterna Therapeutics?

More information about Eterna Therapeutics can be found on their website at www.eternatx.com.

Who are Eterna’s strategic partners?

Eterna collaborates with Factor Bioscience, leveraging their proprietary technologies such as NoveSlice™, UltraSlice™, and the ToRNAdo™ mRNA delivery system.

Eterna Therapeutics Inc.

Nasdaq:ERNA

ERNA Rankings

ERNA Stock Data

30.19M
33.18M
336.35%
11%
0.09%
Biotechnology
Pharmaceutical Preparations
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United States of America
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