Homology Medicines, Inc. - FIXX STOCK NEWS

Homology Medicines, Inc. (Nasdaq: FIXX) announced its participation in multiple upcoming virtual investor conferences. The events include:

• Cowen 42nd Annual Health Care Conference: Corporate Panel Discussion on Gene Editing, March 8, 12:50 p.m. ET.
• Oppenheimer 32nd Annual Healthcare Conference: Fireside Chat, March 16, 1:20 p.m. ET.
• H.C. Wainwright Gene Therapy and Gene Editing Conference: Available on-demand, March 30, 7:00 a.m. ET.

Webcast presentations will be accessible on the company's website for 90 days.

Homology Medicines (Nasdaq: FIXX) announced a clinical hold by the FDA on its pheNIX gene therapy trial for phenylketonuria (PKU) due to elevated liver function tests. The company expects an official letter detailing the hold within 30 days. CEO Arthur Tzianabos confirmed the hold relates to clinical observations, not manufacturing capabilities or other clinical programs. Homology has ongoing trials for HMI-103 (gene editing for PKU) and HMI-203 (gene therapy for Hunter syndrome), with updates expected this year.

Homology Medicines, Inc. (Nasdaq: FIXX) announced the presentation of data on HMI-203, a gene therapy for Hunter syndrome, at the 18th Annual WORLD Symposium. The juMPStart clinical trial is in Phase 1, focusing on a one-time systemic administration in adults. Key data highlighted the importance of addressing unmet needs in Hunter syndrome, with encouraging preclinical results supporting the therapy's potential. The trial's design incorporates feedback from patients and KOLs, aiming for significant advancements in treatment efficacy for this rare disorder.

Oxford Biomedica and Homology Medicines are launching Oxford Biomedica Solutions LLC, a U.S.-based AAV Manufacturing and Innovation Business. Oxford Biomedica will invest $130 million to advance Homology's clinical programs and an additional $50 million for growth, holding an 80% stake in the new company. This venture aims to enhance AAV manufacturing capabilities, leveraging Homology’s expertise. Dr. Roch Doliveux will be the interim CEO, succeeding John Dawson. The agreement is expected to close in Q1 2022, subject to regulatory conditions.

Homology Medicines (Nasdaq: FIXX) announced it achieved three clinical programs in gene therapy and editing, with two trials initiated for phenylketonuria (PKU) and Hunter syndrome. The company reported a net loss of $(30.6) million or $(0.54) per share for Q3 2021, up from a loss of $(28.2) million in the prior year. Collaboration revenues rose to $1.7 million, driven by partnerships with Novartis and Pfizer. Operating expenses increased to $32.3 million, mainly due to R&D costs. Homology expects its cash reserves to last until Q1 2023, highlighting ongoing financial stability amidst clinical advancements.

Homology Medicines, Inc. (Nasdaq: FIXX) announced its participation in two virtual healthcare conferences. The Credit Suisse 30th Annual Healthcare Conference is scheduled for November 8, 2021, at 10:30 a.m. ET, followed by a Fireside chat at the Stifel 2021 Healthcare Conference on November 17, 2021, at 9:20 a.m. ET. Webcast replays will be available on the company's website for 90 days post-event. Homology focuses on genetic therapies for rare diseases, including investigational gene therapies for conditions like PKU and Hunter syndrome.

Homology Medicines (Nasdaq: FIXX) announced four preclinical presentations at the 2021 European Society for Gene & Cell Therapy Virtual Conference, focusing on gene therapies for Hunter syndrome and phenylketonuria (PKU). Data showed significant advancements, including a single IV dose of HMI-203 achieving gene expression comparable to healthy tissue in a murine model and sustained reduction of phenylalanine in PKU models with HMI-103. Their GTx-mAb platform also demonstrated potent antibody expression from the liver. The findings strengthen the company's gene therapy and editing programs aimed at treating rare diseases.

Homology Medicines, Inc. (FIXX) announced key findings at the ASHG 2021 Virtual Meeting regarding its gene therapy for mucopolysaccharidosis type II (MPS II) and gene editing for phenylketonuria (PKU). The IND-enabling studies showed promising long-term results for the investigational gene therapy HMI-203, with a focus on systemic expression and biomarker reduction in animal models. Additionally, positive feedback from patients and caregivers highlighted unmet medical needs. The company initiated Phase 1 clinical trials for both therapies, indicating a strong commitment to address rare genetic disorders.

Homology Medicines has initiated the Phase 1 juMPStart trial for HMI-203, a gene therapy for adults with Hunter syndrome, a rare disorder affecting approximately 1 in 100,000 males. The open-label, dose-escalation study aims to assess the safety and efficacy of a single intravenous dose of HMI-203. Despite existing enzyme replacement therapies, there is a significant unmet need for treatments addressing both cognitive and peripheral manifestations of the disease. The trial will enroll up to 9 patients, evaluating safety endpoints and I2S activity while leveraging positive preclinical data from earlier research.