Welcome to our dedicated page for Precigen news (Ticker: PGEN), a resource for investors and traders seeking the latest updates and insights on Precigen stock.
Precigen, Inc. (Nasdaq: PGEN) is a pioneering biopharmaceutical company dedicated to discovering and developing next-generation gene and cellular therapies in the United States. Specializing in disease-modifying therapeutics, Precigen has been at the forefront of genetic engineering and synthetic biology solutions. The company excels in creating innovative therapies for some of the most challenging diseases in areas such as immuno-oncology, autoimmune disorders, and infectious diseases.
Precigen's core technologies include:
- UltraVector® Platform: This platform incorporates advanced DNA construction technologies and computational models to design and assemble genetic components into complex gene expression programs.
- UltraCAR-T® Cell Therapies: These therapies address limitations of conventional CAR-T therapies by improving in vivo CAR-T expansion and persistence, adding safety features, and reducing manufacturing costs.
- AdenoVerse™ Technology Platform: A library of engineered adenovector serotypes, including gorilla adenovectors, which is used for gene delivery, and modulating immune responses.
- RheoSwitch® Inducible Gene Switch: This technology allows for precise control over gene expression, making therapies safer and more efficient.
Recent achievements include the Phase 2 pivotal study data for PRGN-2012 in treating recurrent respiratory papillomatosis (RRP), a rare and debilitating disease. The study showcased promising results, with 51% of patients achieving Complete Response, defined as no need for surgical interventions in the 12-month period following treatment.
Precigen is also actively developing UltraCAR-T therapies, which have demonstrated significant preliminary efficacy and safety advantages over existing CAR-T therapies. These therapies are currently being evaluated in clinical trials for various hematological and solid tumors.
Financially, Precigen has shown resilience, focusing on sound fiscal management while advancing its clinical pipeline. Despite experiencing fluctuations in research expenses and revenues, the company remains committed to achieving its milestones and maintaining a strong balance sheet.
Precigen's business model involves commercializing its technologies through collaborations with industry partners who possess specialized expertise, development resources, and sales capabilities. This collaborative approach enables Precigen to bring new and improved products to market efficiently.
For the latest updates on Precigen's innovative gene and cell therapies, visit their official website and follow them on social media platforms like X (formerly Twitter), LinkedIn, and YouTube.
Precigen, Inc. (Nasdaq: PGEN) announced the appointment of Harry Thomasian Jr. as its new chief financial officer (CFO), effective October 18, 2021. With over 35 years of global finance experience, Thomasian will oversee corporate financial strategy, business development, and financing initiatives. Prior to joining Precigen, he held leadership roles at EY, focusing on the life sciences sector. CEO Helen Sabzevari emphasized Thomasian's financial acumen and experience as vital for guiding the company's growth and fiscal strength.
Precigen ActoBio announced encouraging interim data from its Phase 1b/2a clinical study of AG019 ActoBiotics for recent-onset type 1 diabetes. Presenting at the EASD 57th Annual Meeting, results demonstrated AG019’s safety and efficacy, with 100% of adult patients achieving glycated hemoglobin below 7% after monotherapy. The study met primary endpoints; no serious adverse events occurred. AG019 also stabilized C-peptide levels, indicating preserved insulin production. Future investigations will explore AG019's potential as a standalone therapy for type 1 diabetes.
Precigen, Inc. (Nasdaq: PGEN) announced that Dr. Helen Sabzevari will participate in two key conferences. She will engage in a virtual fireside chat at the Wells Fargo Virtual Healthcare Conference on September 9, 2021, at 8:40 AM ET. Additionally, she will present at the H.C. Wainwright 23rd Annual Global Investment Conference, with the webcast available on-demand starting September 13, 2021, at 7:00 AM ET. Webcast access is available via Precigen's website.
Precigen, Inc. (Nasdaq: PGEN) reported its second quarter and first half 2021 financial results, highlighting a total revenue increase of 10% year-over-year for Q2. However, net loss from continuing operations was $20.1 million, equivalent to $(0.10) per share. The company is advancing its clinical pipeline, with ongoing trials for PRGN-3005 and PRGN-3006 UltraCAR-T therapies and PRGN-2009 AdenoVerse immunotherapy. Precigen anticipates interim data presentations in Q4 2021, indicating a pivotal year for its innovative therapies.
Precigen, a biopharmaceutical company focused on gene and cell therapies, will release its second quarter and first half 2021 financial results after market close on August 9, 2021. A conference call will be held at 4:05 PM ET on the same day to discuss the results and provide a business update. Investors can access the call by dialing specific numbers or register through the company's website. Precigen emphasizes its commitment to innovative therapies targeting critical diseases, enhancing its pipeline direction toward clinical proof-of-concept.
Precigen ActoBio announced positive topline results from its ongoing Phase 1b/2a clinical study of AG019 ActoBiotics for treating recent-onset type 1 diabetes (T1D). The treatment targets autoimmune responses by delivering human proinsulin and interleukin-10 to induce regulatory T cells. Results show that 56% of adult patients receiving AG019 monotherapy stabilized or increased C-peptide levels. In combination therapy with teplizumab, 70% of adults and 100% of adolescents had similar results. The therapy appears safe, with no serious adverse events reported, paving the way for future studies.
Precigen, Inc. (Nasdaq: PGEN) announced that Dr. Helen Sabzevari, President and CEO, will participate in a fireside chat at the JMP Securities Life Sciences Conference on June 17, 2021, at 11:00 AM ET. The event will be accessible through Precigen's website in the Events & Presentations section. The company focuses on innovative gene and cell therapies targeting urgent diseases in immuno-oncology, autoimmune disorders, and infectious diseases. Precigen aims to advance affordable biotherapeutics and has a robust pipeline moving toward clinical proof-of-concept.
Precigen, Inc. (Nasdaq: PGEN) reported its Q1 2021 financial results, highlighting significant advancements in its clinical trials. The UltraCAR-T therapies, PRGN-3005 and PRGN-3006, showcased promising safety profiles and clinical activities, with ongoing dose escalation phases. The company initiated the PRGN-2012 study, received orphan drug designations for multiple therapies, and anticipates upcoming data presentations. Financially, total revenues fell by 18% to $24.5 million, attributed mainly to decreased collaboration revenues. However, total cash on hand stands at $209.3 million.
Precigen, a biopharmaceutical company, announced that Chief Financial Officer Rick Sterling will step down effective April 2, 2021, by mutual agreement. The company is actively seeking a qualified successor to support its transition from a clinical-stage to a commercial organization. CEO Helen Sabzevari highlighted the importance of this role in maintaining growth momentum and preparing for commercial readiness of their lead products. Precigen specializes in gene and cell therapies aimed at addressing urgent diseases, particularly in immuno-oncology and autoimmune disorders.
On March 23, 2021, Precigen announced that the first patient has been dosed in a Phase I study of PRGN-2012, an off-the-shelf immunotherapy targeting recurrent respiratory papillomatosis (RRP). Recently granted Orphan Drug Designation by the FDA, PRGN-2012 utilizes gorilla adenovector technology to generate immune responses against HPV 6 and HPV 11. The trial aims to assess the safety and tolerability of PRGN-2012, involving up to 12 patients at maximum tolerated doses. This milestone could provide RRP patients with new therapeutic options, reducing the need for repeat surgeries.
FAQ
What is the current stock price of Precigen (PGEN)?
What is the market cap of Precigen (PGEN)?
What does Precigen, Inc. specialize in?
What are some of Precigen's core technologies?
What are the key areas of focus for Precigen's therapies?
What recent achievements has Precigen made?
How does Precigen commercialize its technologies?
What makes UltraCAR-T® Cell Therapies unique?
What is the AdenoVerse™ Technology Platform?
Where can I find more information about Precigen's latest updates?
What financial strategies does Precigen employ?
What is the RheoSwitch® Inducible Gene Switch?
