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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, Inc. (NASDAQ: FATE) has appointed Yuan Xu, Ph.D., as an independent director to its Board of Directors. Dr. Xu has over 25 years of experience in the biopharmaceutical industry, with notable roles including CEO of Legend Biotech. She brings expertise in developing CAR T-cell therapies and will aid Fate in advancing its iPSC-derived NK and T-cell products into clinical development. The move is anticipated to strengthen the company's pipeline and manufacturing efforts as they progress towards commercial approval.

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Fate Therapeutics (NASDAQ: FATE) announced the first patient treatment with FT819, an innovative off-the-shelf CAR T-cell therapy targeting CD19+ cancers. This Phase 1 clinical trial will evaluate three dosing regimens for patients with advanced B-cell leukemias and lymphomas. FT819 is derived from a clonal master iPSC line, promising consistent, mass production and broader patient availability. Key study objectives include safety assessments and determining optimal dosing for subsequent Phase 2 trials.

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Fate Therapeutics (NASDAQ: FATE) announced a virtual event on August 19, 2021, to present interim Phase 1 clinical data for its FT596 and FT516 programs targeting relapsed/refractory B-cell lymphomas. The event will be accessible via the company’s website. Fate's iPSC product platform allows for the mass production of engineered cell therapies, enhancing treatment efficacy. FT516 is currently in trials as a standalone treatment for acute myeloid leukemia and in combination therapy, while FT596 targets B-cell antigens with promising preclinical results.

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Fate Therapeutics (NASDAQ: FATE) has scheduled a conference call and live audio webcast for August 4, 2021, at 5:00 p.m. ET to discuss its second quarter 2021 financial results and provide a corporate update. To participate, dial 800-773-2954 (toll-free) or 847-413-3731 (toll). The event will be accessible on the Company’s website under 'Events & Presentations.'

Fate Therapeutics is focused on developing programmed cellular immunotherapies for cancer, leveraging its proprietary iPSC product platform.

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Fate Therapeutics (NASDAQ: FATE) appointed Mark Plavsic, DVM, PhD, RAC as its new Chief Technical Officer. Dr. Plavsic brings over 20 years of global biopharmaceutical experience, overseeing manufacturing and technical operations. His previous roles include CTO at Lysogene and SVP at Torque Therapeutics. The appointment supports Fate's expansion plans for its iPSC product platform and upcoming GMP manufacturing facility. As part of his employment, Dr. Plavsic received stock options and restricted stock units, indicating a commitment to the company's growth and innovation in engineered cell therapies.

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Fate Therapeutics reported promising interim Phase 1 results for FT516, an off-the-shelf NK cell therapy for relapsed/refractory B-cell lymphoma, at the ASCO Annual Meeting. Out of 11 patients, 8 achieved an objective response, including 6 complete responses, with no serious adverse events or grade 3+ side effects noted. The ongoing study is currently enrolling in its fourth dose cohort. The favorable safety profile and activity signal potential for future indication-specific cohorts aimed at combining FT516 with CD20-targeted therapies.

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Fate Therapeutics, a clinical-stage biopharmaceutical company, has announced its participation in two upcoming investor conferences. The Jefferies Virtual Healthcare Conference will take place on June 1, 2021, at 1:00 p.m. ET, followed by the BofA Securities 2021 Napa Biopharma Virtual Conference on June 15, 2021, at 5:30 p.m. ET. Investors can access live webcasts on the company's website under the 'Events & Presentations' section. Fate Therapeutics focuses on developing innovative cellular immunotherapies using its proprietary iPSC platform.

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Fate Therapeutics announced encouraging interim Phase 1 results for its off-the-shelf, iPSC-derived NK cell therapies, FT516 and FT538, in treating relapsed/refractory AML. Of 12 patients, 5 achieved complete leukemic blast clearance, with FT516 showing no dose-limiting toxicities or cytokine-related side effects. Notably, 2 patients from the second dose cohort maintained remission for over six months without further intervention. FT538 demonstrated anti-leukemic activity with one patient achieving a complete response. The studies indicate potential for durable treatments in outpatient settings.

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Fate Therapeutics reported its Q1 2021 results, highlighting a strong cash position of $888.4 million following a $460 million public offering. Revenue reached $11.1 million, supported by collaborations with Janssen and Ono. The company plans to advance its FT538 program for solid tumors and will present Phase 1 data on FT516 and FT538 at an investor event on May 13. However, the PROTECT study for ProTmune did not meet its primary endpoint, leading to the discontinuation of its development.

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Fate Therapeutics (NASDAQ: FATE) will host a conference call on May 5, 2021, at 5:00 p.m. ET to report its Q1 2021 financial results and provide a corporate update. Stakeholders can participate by calling toll-free at 800-708-4539 or toll at 847-619-6396, using confirmation number 50156207. The live audio webcast will be accessible on the company’s investor relations section of their website. Fate Therapeutics focuses on developing cellular immunotherapies for cancer, leveraging its proprietary iPSC product platform.

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FAQ

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

The current stock price of Fate Therapeutics (FATE) is $2.02 as of November 15, 2024.

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

The market cap of Fate Therapeutics (FATE) is approximately 231.7M.

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

231.74M
113.88M
2.17%
105.75%
14.11%
Biotechnology
Biological Products, (no Disgnostic Substances)
Link
United States of America
SAN DIEGO