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Fate Therapeutics, Inc. - FATE STOCK NEWS

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

Fate Therapeutics, Inc. (NASDAQ: FATE) is a clinical-stage biopharmaceutical company based in the United States, specializing in the development of programmed cellular immunotherapies for cancer and autoimmune disorders. The company's innovative approach leverages induced pluripotent stem cell (iPSC) technology to create off-the-shelf, engineered NK- and T-cell product candidates designed to deliver multiple therapeutic mechanisms to patients.

Fate Therapeutics' proprietary iPSC product platform enables the mass production of multiplexed-engineered cell products that are uniform in composition and can be stored for off-the-shelf availability. This platform allows for the efficient manufacture of well-defined cell therapies that can be used in combination with other treatments, significantly overcoming the limitations of patient- or donor-sourced cells.

Recent highlights include the initiation of patient enrollment in the Phase 1 study of FT522, an ADR-armed, CD19-targeted CAR NK cell program for B-cell lymphoma. Additionally, the FDA has cleared the IND application for FT825/ONO-8250 in solid tumors, marking a key milestone in the company's collaboration with ONO Pharmaceutical. The expansion of the iPSC product platform into autoimmunity with FT819, targeting systemic lupus erythematosus, further underscores Fate Therapeutics' commitment to addressing complex diseases.

The company's financial health remains robust, bolstered by recent funding efforts, including the sale of shares and pre-funded warrants to institutional investors. Fate Therapeutics continues to lead in the field of cellular immunotherapies, with a strong pipeline of product candidates and an intellectual property portfolio comprising over 500 issued patents and 500 pending patent applications.

Headquartered in San Diego, CA, Fate Therapeutics is dedicated to advancing its clinical programs and providing innovative treatments to improve patient outcomes. For more information, please visit www.fatetherapeutics.com.

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Fate Therapeutics (NASDAQ: FATE) has appointed Brian T. Powl as Chief Commercial Officer, bringing extensive experience in commercial leadership for hematologic malignancies. Powl previously led the global commercial strategy for CAR T-cell therapies at Celgene. His expertise is expected to enhance Fate's late-stage clinical development and product launch pathways for off-the-shelf cellular immunotherapies. Powl received options for 70,000 shares and 45,000 restricted stock units, both vesting over four years, aligning his incentives with company performance.

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Fate Therapeutics (NASDAQ: FATE) expands its collaboration with ONO Pharmaceutical to develop CAR NK and CAR T-cell candidates targeting solid tumors. This enhanced partnership includes ONO contributing novel binding domains for a second solid tumor antigen. Fate will lead preclinical development, with ONO having an option for global commercialization. The deal ensures ongoing research funding for Fate and potential milestone payments, including tiered royalties on net sales. Fate's innovative iPSC product platform supports mass production of engineered cell products for cancer treatments.

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Fate Therapeutics (NASDAQ: FATE) will present at the 2022 Jefferies Global Healthcare Conference on June 10, 2022, at 9:00 AM ET in New York. The company focuses on developing programmed cellular immunotherapies for cancer patients, leveraging its proprietary induced pluripotent stem cell (iPSC) platform. A live webcast of the presentation will be available in the Investors section of the company's website, with an archived version accessible shortly after the event.

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Fate Therapeutics, a clinical-stage biopharmaceutical company focused on cellular immunotherapies, announced its participation in two upcoming investor conferences. The BofA Securities 2022 Healthcare Conference will be held on May 12, 2022, at 12:20 PM ET in Las Vegas, Nevada. Additionally, the H.C. Wainwright Annual Global Life Sciences Conference will be available on demand starting May 24, 2022, at 7:00 AM ET. Interested investors can access live webcasts of the presentations on the company’s website. Fate Therapeutics aims to develop innovative cell therapies for cancer treatment.

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Fate Therapeutics (NASDAQ: FATE) reported significant advancements in Q1 2022, with ongoing patient enrollment in multiple trials for its CAR T-cell therapies aimed at treating relapsed/refractory B-cell lymphoma and acute myeloid leukemia. Notably, FT596's clinical protocol combining it with R-CHOP will be submitted to the FDA in 2Q22. The company holds $641.7 million in cash and investments and recorded $18.4 million in revenue, largely from collaborations. However, R&D expenses totaled $72.1 million, highlighting an ongoing financial commitment to innovation.

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Fate Therapeutics, a clinical-stage biopharmaceutical company, will host a conference call on May 4, 2022, at 5:00 PM ET to discuss its first quarter 2022 financial results and provide a corporate update. Participants can join via phone or listen to the live audio webcast available on the company’s website. Fate Therapeutics is focused on developing first-in-class programmed cellular immunotherapies targeting cancer patients, utilizing its proprietary iPSC product platform for creating off-the-shelf NK and T-cell therapies.

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Onxeo S.A. has appointed Dr. Shefali Agarwal as the new President and CEO, succeeding Julien Miara. Dr. Agarwal, previously Chief Medical and Development Officer at Epizyme, has extensive experience in oncology and drug development. The company plans to prepare for a U.S. Pre-IND meeting for its DDR inhibitor, AsiDNA®, and aims to build infrastructure in the U.S. A recent private financing will extend Onxeo's runway into Q2 2023.

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Fate Therapeutics (NASDAQ: FATE), a biopharmaceutical firm focused on cellular immunotherapies for cancer, announced its participation in three upcoming investor conferences. These include the Cowen 42nd Annual Health Care Conference on March 9, 2022, at 11:10 AM ET, the Barclays Global Healthcare Conference on March 16, 2022, at 11:45 AM ET, and the Oppenheimer 32nd Annual Healthcare Conference on March 17, 2022, at 8:00 AM ET. Each presentation will be available on-demand, with recordings accessible via the Company's website shortly after the events.

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Fate Therapeutics reported encouraging clinical progress in its therapies for B-cell malignancies during its Q4 2021 earnings release. The company highlighted a 69% objective response rate (ORR) and 56% complete response (CR) in its FT596+R study. The FDA granted RMAT designation to FT516 for r/r DLBCL, expediting its development. Financially, Fate holds $716.6 million in cash, with Q4 revenue at $17.1 million. However, a projected GAAP loss from operations for 2022 is estimated between $335 million to $365 million, with cash use expected at $290 million to $315 million.

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Fate Therapeutics announced plans for a conference call on February 28, 2022, at 5:00 PM ET to discuss its fourth quarter and full year 2021 financial results and provide a corporate update. Interested parties can join via phone or through a live audio webcast accessible on the company's website. Fate Therapeutics specializes in programmed cellular immunotherapies for cancer, leveraging its proprietary induced pluripotent stem cell product platform to develop innovative NK and T-cell therapies.

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FAQ

What is the current stock price of Fate Therapeutics (FATE)?

The current stock price of Fate Therapeutics (FATE) is $1.66 as of December 23, 2024.

What is the market cap of Fate Therapeutics (FATE)?

The market cap of Fate Therapeutics (FATE) is approximately 181.7M.

What does Fate Therapeutics specialize in?

Fate Therapeutics specializes in the development of programmed cellular immunotherapies for cancer and autoimmune disorders using induced pluripotent stem cell (iPSC) technology.

What is the iPSC product platform?

The iPSC product platform is a proprietary technology that allows Fate Therapeutics to mass-produce multiplexed-engineered cell products that are uniform in composition and can be stored for off-the-shelf availability.

What are the recent achievements of Fate Therapeutics?

Recent achievements include the initiation of Phase 1 studies for FT522 in B-cell lymphoma and the FDA clearance of the IND application for FT825/ONO-8250 in solid tumors. The company also expanded its iPSC platform into autoimmunity with FT819 for systemic lupus erythematosus.

What is the financial condition of Fate Therapeutics?

Fate Therapeutics is financially robust, supported by recent funding through the sale of shares and pre-funded warrants to institutional investors, which are expected to generate approximately $100 million in gross proceeds.

Where is Fate Therapeutics headquartered?

Fate Therapeutics is headquartered in San Diego, California.

How does Fate Therapeutics address the limitations of patient- or donor-sourced cells?

Fate Therapeutics uses its iPSC product platform to produce well-defined, uniform cell therapies that can be stored off-the-shelf, overcoming the limitations associated with patient- or donor-sourced cells.

What is the significance of FT522 and FT825/ONO-8250?

FT522 is an ADR-armed, CD19-targeted CAR NK cell program for B-cell lymphoma, and FT825/ONO-8250 is an iPSC-derived CAR T-cell program for solid tumors. Both represent significant advancements in Fate Therapeutics' clinical pipeline.

What diseases does Fate Therapeutics aim to treat?

Fate Therapeutics develops treatments for a range of diseases, including cancer, autoimmune disorders, hematological diseases, traumatic injuries, and degenerative diseases.

What makes Fate Therapeutics' iPSC product platform unique?

The iPSC product platform is unique due to its ability to mass-produce multiplexed-engineered cell products that are well-defined, uniform, and can be stored for off-the-shelf availability, making them readily accessible for patients.

How can I learn more about Fate Therapeutics?

For more information, you can visit Fate Therapeutics' official website at www.fatetherapeutics.com.

Fate Therapeutics, Inc.

Nasdaq:FATE

FATE Rankings

FATE Stock Data

181.66M
109.39M
2.17%
102.7%
9.12%
Biotechnology
Biological Products, (no Disgnostic Substances)
Link
United States of America
SAN DIEGO