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Gracell Biotechnologies Inc. - GRCL STOCK NEWS

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

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. has announced the start of an investigator-initiated trial in China for its autologous FasTCAR therapeutic candidate, GC012F, for the treatment of refractory systemic lupus erythematosus (SLE). GC012F is a CD19/BCMA dual-targeting CAR-T therapy that aims to deplete autoantibodies producing B-cells and plasma cells. SLE is a chronic autoimmune disease with limited treatment options and high unmet medical need. GC012F has shown strong efficacy and safety in hematological malignancies and this trial marks an important step in its development for autoimmune diseases.
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Gracell Biotechnologies Inc. (NASDAQ: GRCL) will participate in two upcoming investor conferences, the CICC Healthcare Industry Forum 2023 and the Shanghai Citi APAC Healthcare Conference 2023. The management team will attend one-on-one and group meetings at both conferences, which will take place on May 17, 2023, in Shanghai and May 18, 2023, in Hong Kong.
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Gracell Biotechnologies Inc. (NASDAQ: GRCL) announced it will present updated clinical data on its dual-targeting CAR-T cell therapy, GC012F, at the 2023 ASCO Annual Meeting from June 2-6, 2023. This therapy targets B-cell maturation antigen (BCMA) and CD19 and aims to treat relapsed-refractory multiple myeloma (RRMM) and B-cell non-Hodgkin's lymphoma (B-NHL). Gracell is set to present new long-term follow-up data for GC012F in RRMM during an oral session and additional results from an ongoing trial for B-NHL in a separate poster presentation. With investigational new drug applications approved in both the U.S. and China, Gracell is poised to initiate clinical trials in 2023, emphasizing the potential of their FasTCAR next-day manufacturing technology in improving treatment outcomes.

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Gracell Biotechnologies Inc. (NASDAQ: GRCL) announced on April 25, 2023, that it has filed its annual report on Form 20-F with the SEC for the fiscal year ending December 31, 2022. This filing provides comprehensive financial details, including results of operations, financial condition, and management's discussion and analysis pertaining to the company’s cell therapy developments. Gracell focuses on innovative therapies, utilizing FasTCAR, TruUCAR, and SMART CAR™ technologies to improve the efficacy and affordability of cancer treatments. Shareholders can request hard copies of the report, which is accessible via Gracell's investor relations website and the SEC’s website.

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Gracell Biotechnologies Inc. (NASDAQ: GRCL), a clinical-stage biopharmaceutical firm focusing on innovative cell therapies for cancer, will engage in two key investor conferences. The first is Cantor’s the Future of Oncology Virtual Symposium on April 3, 2023, featuring a panel discussion at 12:00 pm ET and one-on-one meetings on April 4. The second is the 22nd Annual Needham Virtual Healthcare Conference on April 19, 2023, with a presentation at 9:30 am ET and additional one-on-one meetings on the same day. Webcasts for these events will be available on the Company’s website, with replays accessible for 90 days.

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Gracell Biotechnologies (NASDAQ: GRCL) announced it will initiate a Phase 1b/2 clinical trial of its FasTCAR-T candidate GC012F in the US for relapsed/refractory multiple myeloma (RRMM) after receiving FDA clearance for its IND application in January 2023. A parallel trial in China is expected to commence in Q3 2023 following NMPA approval. The company reported a cash balance of RMB1,458.2 million (US$211.4 million) as of Dec 31, 2022, and net losses of RMB130.7 million (US$18.9 million) for Q4 2022. R&D expenses increased due to heightened clinical trial activities, with total losses of RMB607.5 million (US$88.1 million) for the full year 2022.

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Roots Analysis released a report on the Cell Therapy Manufacturing Market indicating a projected growth at an annualized rate of over 12% from 2022 to 2035. The report highlights that the demand for cell therapies is expected to grow at a CAGR of 16%. Currently, there are 340+ production facilities globally, with North America leading at 46% of facilities. The report also notes that 240 organizations engage in contract manufacturing of cell therapies. Partnerships and expansions in the field increased significantly, and over 1,038 clinical trials have been registered since 2019, with a CAGR of 73%. These insights underscore the growing significance of cell therapies in the biopharmaceutical industry.

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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
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