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Orchard Therapeutics plc - ORTX STOCK NEWS

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

Orchard Therapeutics plc (ORTX) is a pioneering biotechnology company dedicated to transforming the lives of children with life-threatening rare diseases through advanced gene therapies. The company focuses on the development, manufacturing, and commercialization of ground-breaking hematopoietic stem cell (HSC) gene therapies, which hold the potential to provide one-time treatments that address the underlying causes of severe genetic disorders.

Founded in 2015, Orchard Therapeutics collaborates with prestigious research centers globally to harness the life-saving potential of gene therapy. The company’s leadership team and partners bring over a decade of experience in advancing therapies for orphan diseases.

Orchard’s flagship product, Libmeldy® (atidarsagene autotemcel), is designed for the treatment of early-onset metachromatic leukodystrophy (MLD), a rare metabolic disorder. Libmeldy has received approval from the European Commission and the UK Medicines and Healthcare products Regulatory Agency and is under Priority Review by the U.S. FDA with a decision expected by March 18, 2024. The therapy aims to halt or slow disease progression by restoring enzymatic function.

The company is also advancing OTL-203 for mucopolysaccharidosis type I Hurler’s syndrome (MPS-IH) and OTL-201 for mucopolysaccharidosis type IIIA (MPS-IIIA), also known as Sanfilippo syndrome. These programs utilize the same HSC gene therapy platform as Libmeldy.

In a strategic move, Kyowa Kirin recently acquired Orchard Therapeutics, enhancing its portfolio with Orchard's clinically differentiated gene therapy platform. This acquisition is expected to drive the development of new treatments and support ongoing and future launches, including the continued growth of Libmeldy in Europe and potential new approvals in the U.S.

Orchard Therapeutics continues its mission to deliver curative gene therapies for severe diseases by translating promising early-stage research into approved treatments available to patients worldwide. The team remains committed to leveraging its extensive experience and cutting-edge technology to address unmet medical needs in rare and underserved conditions.

Rhea-AI Summary
Orchard Therapeutics (Nasdaq: ORTX) reported $5.6 million in quarterly Libmeldy net revenue and $12.7 million year-to-date. The company announced a planned acquisition by Kyowa Kirin valued at up to $477.6 million, with the U.S. FDA accepting the Biologics License Application for OTL-200 in MLD under Priority Review. Orchard Therapeutics highlighted ten active newborn screening studies globally and presented eight sessions at ESGCT. The company's CEO expressed optimism for the future and provided an overview of the financial results for the quarter ended September 30, 2023.
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Orchard Therapeutics announces positive clinical outcomes for gene therapy treatment of MPS-IH
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Orchard Therapeutics to present eight presentations at ESGCT Congress showcasing the potential of their HSC gene therapy platform. Data from a study of OTL-203 in MPS-IH shows positive outcomes. CTO Nicoletta Loggia to discuss manufacturing strategies for gene therapy.
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Lifshitz Law PLLC announces investigations of SLGC, ORTX, SP
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Kyowa Kirin to acquire Orchard Therapeutics for $16.00 per ADS in cash, representing a total maximum equity value of approximately $477.6 million
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Orchard Therapeutics announces FDA acceptance of BLA for OTL-200 in MLD with PDUFA date set for March 18, 2024
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Orchard Therapeutics announces long-term results of gene therapy for metachromatic leukodystrophy, showing significant improvement in motor function and cognitive preservation
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Orchard Therapeutics (Nasdaq: ORTX) reported $6.6M in Q2’23 Libmeldy net sales, securing $34.0M of additional capital from second closing of strategic financing. The company identified four MLD patients from ~150,000 newborns screened, suggesting higher incidence than previously estimated. Six presentations at ASGCT showcased HSC gene therapy's potential. The BLA submission for OTL-200 to the FDA is completed, and the company expects acceptance in Q3’23.
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Orchard Therapeutics will host a conference call and live webcast on August 3, 2023, to review business updates and its second quarter 2023 financial results. The webcast will be available on the company's website and a replay will be archived.
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FAQ

What is the market cap of Orchard Therapeutics plc (ORTX)?

The market cap of Orchard Therapeutics plc (ORTX) is approximately 380.1M.

What does Orchard Therapeutics specialize in?

Orchard Therapeutics specializes in developing gene therapies for life-threatening rare diseases, focusing on hematopoietic stem cell (HSC) gene therapy.

What is Libmeldy?

Libmeldy® (atidarsagene autotemcel) is Orchard Therapeutics' flagship gene therapy for the treatment of early-onset metachromatic leukodystrophy (MLD).

Which regulatory approvals has Libmeldy received?

Libmeldy has been approved by the European Commission and the UK Medicines and Healthcare products Regulatory Agency. It is currently under Priority Review by the U.S. FDA.

Who recently acquired Orchard Therapeutics?

Kyowa Kirin recently acquired Orchard Therapeutics to enhance its gene therapy portfolio and support the development and launch of new treatments.

What are Orchard Therapeutics' other clinical-stage programs?

Orchard is advancing OTL-203 for mucopolysaccharidosis type I Hurler’s syndrome (MPS-IH) and OTL-201 for mucopolysaccharidosis type IIIA (MPS-IIIA), also known as Sanfilippo syndrome.

When was Orchard Therapeutics founded?

Orchard Therapeutics was founded in 2015.

What is the mission of Orchard Therapeutics?

Orchard Therapeutics' mission is to deliver curative gene therapies for severe and life-threatening diseases, transforming promising early-stage research into clinically approved treatments.

How does Orchard Therapeutics' HSC gene therapy work?

Orchard's HSC gene therapy involves genetically modifying a patient’s blood stem cells outside the body and reintroducing them to correct the underlying cause of disease with a single treatment.

Who is leading Orchard Therapeutics post-acquisition?

Post-acquisition, Bobby Gaspar, M.D., Ph.D., co-founder and CEO of Orchard Therapeutics, reports to Kyowa Kirin's President & CEO, Masashi Miyamoto, Ph.D.

Where can I find more information about Orchard Therapeutics?

For more information, visit Orchard Therapeutics' official website at www.orchard-tx.com.

Orchard Therapeutics plc

Nasdaq:ORTX

ORTX Rankings

ORTX Stock Data

380.11M
20.54M
12.21%
103.6%
0.14%
Biotechnology
Healthcare
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United Kingdom
London