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Gracell Biotechnologies Inc. - GRCL STOCK NEWS

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Gracell Biotechnologies Inc. (GRCL) is a global clinical-stage biopharmaceutical company dedicated to the discovery and development of breakthrough cell therapies. The company leverages its pioneering FasTCAR and TruUCAR technology platforms to create a robust clinical-stage pipeline of autologous and allogeneic product candidates. These innovations aim to address significant challenges in conventional CAR-T therapies such as lengthy manufacturing times, suboptimal production quality, high costs, and the lack of effective CAR-T therapies for solid tumors.

One of Gracell's leading developments is GC012F, an autologous CAR-T candidate that dual-targets B cell maturation antigen (BCMA) and CD19. Utilizing the proprietary FasTCAR next-day manufacturing platform, GC012F has shown promise in treating multiple myeloma and other hematological cancers. The candidate is currently undergoing various clinical trials, including a Phase 1b/2 U.S. IND study for relapsed/refractory multiple myeloma and a Phase 1/2 trial for refractory systemic lupus erythematosus set to initiate in 2024.

Gracell’s FasTCAR platform, introduced in 2017, has revolutionized CAR-T cell manufacturing by drastically shortening cell production times from weeks to overnight, reducing patient wait times and the likelihood of disease progression. FasTCAR T-cells appear younger and more proliferative, enhancing their effectiveness in killing cancer cells. The platform has garnered multiple accolades, including the Biotech Innovation category award at the 2022 Fierce Life Sciences Innovation Awards and the Overall Immunology Solution of 2023 by BioTech Breakthrough Awards.

As part of its ongoing efforts, Gracell is also expanding the clinical development of GC012F in early-line multiple myeloma therapies and other indications. The company's recent milestone achievements include receiving its third U.S. IND clearance for GC012F, marking its entry into early-line multiple myeloma treatment. This strategic move aims to address unmet needs and drive improved patient outcomes through GC012F's unique dual-targeting approach and FasTCAR manufacturing capabilities.

Moreover, Gracell recently announced a merger agreement approved by its shareholders, making significant strides in its corporate development. The company intends to delist from the Nasdaq Global Select Market and suspend its SEC reporting obligations, following the merger's effective date on February 22, 2024. For more information, visit www.gracellbio.com or follow @GracellBio on LinkedIn.

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Gracell Biotechnologies Inc. announced its acquisition by AstraZeneca, ceasing to be a publicly traded company. Shareholders will receive $2.00 per share in cash and one contingent value right per share. The deal includes a milestone payment of $0.30 per CVR upon achievement. ADS holders will receive $10.00 per ADS and five CVRs per ADS. Warrants to purchase shares will be cancelled. The company will delist from Nasdaq and suspend reporting obligations under the Securities Exchange Act of 1934.
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Gracell Biotechnologies Inc. shareholders have approved the Agreement and Plan of Merger with AstraZeneca Treasury Limited and Grey Wolf Merger Sub, leading to Gracell becoming a private company and delisting from the Nasdaq Global Select Market.
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Gracell Biotechnologies Inc. announced that the U.S. FDA has cleared its Investigational New Drug (IND) application, allowing the Company to initiate a Phase 1 clinical trial of GC012F in the United States for the early-line treatment of multiple myeloma (ELMM). GC012F is an autologous CAR-T therapeutic candidate dual-targeting B cell maturation antigen (BCMA) and CD19 and utilizes Gracell’s proprietary FasTCAR next-day manufacturing platform. In addition to the ELMM study, GC012F is being evaluated in an ongoing Phase 1b/2 U.S. IND study for the treatment of relapsed/refractory multiple myeloma (RRMM) and in a Phase 1/2 clinical trial for the treatment of refractory systemic lupus erythematosus (rSLE) that will initiate in 2024. GC012F is also being evaluated in four investigator-initiated trials (IIT) for the treatment of rSLE, RRMM, newly-diagnosed multiple myeloma (NDMM) and B-cell non-Hodgkin lymphoma (B-NHL). Updated clinical results from the NDMM IIT presented at the 65th American Society of Hematology Annual Meeting & Exposition in December 2023, showed GC012F demonstrated an overall response rate of 100% and minimum residual disease negative stringent complete response rate of 95.5%.
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AstraZeneca (NASDAQ: GRCL) to acquire Gracell Biotechnologies Inc., a clinical-stage biopharmaceutical company developing innovative cell therapies for cancer and autoimmune diseases. The acquisition will enrich AstraZeneca's pipeline with a novel, clinical-stage FasTCAR-enabled BCMA and CD19 dual-targeting autologous chimeric antigen receptor T-cell (CAR-T) therapy, GC012F, with a transaction value of approximately $1.2bn.
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AstraZeneca (NASDAQ: GRCL) to acquire Gracell Biotechnologies Inc. for a total transaction value of up to $1.2 billion, enriching its cell therapy pipeline with GC012F, a clinical-stage autologous BCMA/CD19 CAR-T therapy targeting haematologic malignancies and autoimmune diseases.
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Gracell Biotechnologies Inc. (NASDAQ: GRCL) expands clinical development of GC012F in rSLE following FDA IND clearance for Phase 1/2 trial in the United States
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Gracell Biotechnologies Inc. (NASDAQ: GRCL) presented updated results from the clinical investigator-initiated trial of GC012F for treatment of newly diagnosed multiple myeloma at the 65th ASH Annual Meeting. GC012F demonstrated a 100% overall response rate and 95% MRD- stringent complete response rate among 22 transplant-eligible, high-risk NDMM patients. The therapy also showed a favorable safety profile with no new safety signals observed.
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Gracell Biotechnologies Inc. (GRCL) has received FDA clearance for its Investigational New Drug (IND) application to initiate a Phase 1/2 clinical trial of FasTCAR-T GC012F, a dual-targeted CAR-T cell therapy, for the treatment of refractory systemic lupus erythematosus (rSLE) in the United States. The therapy has shown deep responses and a favorable safety profile in clinical investigator-initiated trials. GC012F aims to provide a transformative therapy for SLE patients, addressing the urgent need for highly effective and safe treatment options.
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Gracell Biotechnologies Inc. (NASDAQ: GRCL) will present at the Cell Therapy for Autoimmune Disease Summit to discuss the application of next-generation CAR-T cell therapy technologies for the treatment of autoimmune disease, focusing on the development of FasTCAR-enabled CD19/BCMA dual-targeting GC012F in systemic lupus erythematosus (SLE). Dr. Samuel Zhang, Chief Business Officer, will present on Nov. 28 at 5 pm ET in Philadelphia and online.
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Gracell Biotechnologies Inc. (NASDAQ: GRCL) reported dosing the first patient in a Phase 1b/2 clinical trial in the US for FasTCAR-T GC012F in treating relapsed/refractory multiple myeloma. They also presented longer-term follow-up data from an ongoing Phase 1 investigator-initiated trial evaluating GC012F as a frontline treatment for high-risk, newly diagnosed multiple myeloma. Additionally, they plan to commence a Phase 1/2 clinical trial in China for the treatment of RRMM in Q4 2023 and submit IND filings for planned Phase 1 clinical trials in the US and China of GC012F in refractory systemic lupus erythematosus (rSLE) in 2023. The company also extended its cash runway into the second half of 2026 with the completion of a private placement of ordinary shares and warrants to generate $100 million upfront and up to $50 million tied to exercise of warrants.
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FAQ

What is the market cap of Gracell Biotechnologies (GRCL)?

The market cap of Gracell Biotechnologies (GRCL) is approximately 989.9M.

What does Gracell Biotechnologies Inc. specialize in?

Gracell Biotechnologies Inc. specializes in the discovery and development of breakthrough cell therapies for cancer and autoimmune diseases.

What are the key technologies developed by Gracell?

Gracell has developed pioneering technologies such as FasTCAR and TruUCAR platforms to address significant challenges in conventional CAR-T therapies.

What is GC012F?

GC012F is an autologous CAR-T therapeutic candidate dual-targeting BCMA and CD19, utilizing Gracell's FasTCAR next-day manufacturing platform.

What recent achievements has Gracell announced?

Gracell recently received its third U.S. IND clearance for GC012F and announced plans to delist from Nasdaq following a shareholder-approved merger.

What is the FasTCAR platform?

FasTCAR is a revolutionary next-day autologous CAR-T cell manufacturing platform designed to enhance treatment effectiveness and reduce costs.

What clinical trials are currently underway for GC012F?

GC012F is being evaluated in various clinical trials, including a Phase 1b/2 U.S. IND study for relapsed/refractory multiple myeloma and upcoming trials for systemic lupus erythematosus.

How does Gracell's FasTCAR technology improve CAR-T therapies?

FasTCAR technology reduces cell production times from weeks to overnight, enhancing cell effectiveness and proliferation in killing cancer cells.

What awards has Gracell’s FasTCAR platform received?

The FasTCAR platform has received the Biotech Innovation category award at the 2022 Fierce Life Sciences Innovation Awards and the Overall Immunology Solution of 2023 by BioTech Breakthrough Awards.

What is the significance of the recent merger agreement for Gracell?

The merger agreement enables Gracell to delist from Nasdaq and suspend SEC reporting obligations, aligning with its strategic corporate development goals.

Where can I find more information about Gracell Biotechnologies?

More information about Gracell Biotechnologies can be found on their website at www.gracellbio.com or by following @GracellBio on LinkedIn.

Gracell Biotechnologies Inc.

Nasdaq:GRCL

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989.87M
165.04M
16.39%
63.11%
1.23%
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