Welcome to our dedicated page for Poseida Therapeutics news (Ticker: PSTX), a resource for investors and traders seeking the latest updates and insights on Poseida Therapeutics stock.
Poseida Therapeutics, Inc. (Nasdaq: PSTX) is a clinical-stage biopharmaceutical company that specializes in developing innovative cell and gene therapies aimed at curing certain cancers and rare diseases. The company's core focus is on leveraging non-viral gene engineering technologies to create life-saving therapeutics for patients with unmet medical needs. Poseida's pipeline includes autologous and allogeneic chimeric antigen receptor T cell (CAR-T) product candidates, initially targeting hematological malignancies and solid tumors.
Poseida boasts best-in-class genome engineering capabilities, utilizing proprietary tools like the piggyBac™ DNA modification system, nextGEN™ CRISPR, XTN™ TALEN, and the footprint-free™ gene editing system. These tools are virus-free and offer surgical precision in gene editing, enabling the development of highly effective therapies.
Recent achievements include significant advancements in the company's lead program, P-BCMA-ALLO1, a novel BCMA-targeted allogeneic CAR-T therapy for treating relapsed/refractory multiple myeloma (RRMM). The FDA recently granted Orphan Drug Designation for P-BCMA-ALLO1, underscoring its potential to meet high unmet medical needs. Poseida is investigating this therapy in collaboration with Roche, with promising preliminary data presented at major scientific conferences.
In addition to its focus on cancer, Poseida is also advancing genetic medicines for rare diseases. The company has highlighted progress in its gene therapy pipeline, especially for conditions like Hereditary Angioedema and Hemophilia A. These programs employ fully non-viral approaches, leveraging Poseida's advanced genetic engineering and delivery platforms.
Poseida has formed strategic collaborations with industry giants like Janssen and Roche, enhancing its capacity to bring innovative therapies to market. The company also recently entered into a research collaboration with Xyphos Biosciences, a subsidiary of Astellas, to develop novel convertibleCAR® programs targeting solid tumors.
Financially, Poseida reported revenues of $28.1 million for Q1 2024, a substantial increase from the previous year, primarily driven by collaborations with Astellas and Roche. With a strong cash position and additional funding from strategic partnerships, Poseida is well-positioned to advance its pipeline and achieve key milestones in 2024 and beyond.
Learn more about Poseida Therapeutics and its groundbreaking work by visiting www.poseida.com and connecting with the company on X and LinkedIn.
On April 27, 2021, Poseida Therapeutics (NASDAQ: PSTX) announced three data presentations at the American Society of Gene and Cell Therapy (ASGCT) 24th Annual Meeting, set for May 11-14, 2021. The key presentations include an oral presentation on a novel delivery system for transgene expression and two poster presentations focusing on CAR-T therapies targeting multiple myeloma and acute myeloid leukemia. These advancements showcase Poseida's commitment to developing innovative cell and gene therapeutics that may address significant medical challenges.
Poseida Therapeutics (Nasdaq: PSTX) announced participation in two upcoming virtual investor conferences. Eric Ostertag, CEO, will speak at the Raymond James Cell Therapy for Oncology Symposium on April 22, 2021, discussing the manufacturing of off-the-shelf cell-based therapy. Additionally, he will host a Fireside Chat at the 7th Annual Truist Securities 2021 Life Sciences Summit on May 5, 2021. Webcasts are available on Poseida's website, with replay options for around 30 days.
Poseida Therapeutics (Nasdaq: PSTX) has appointed Dr. Carl June, a leader in immunotherapy, to chair its Immuno-Oncology Scientific Advisory Board (SAB). This strategic move aims to enhance Poseida's research and development in innovative cell and gene therapies. Dr. June's expertise is expected to significantly influence the company's direction as it advances its autologous and allogeneic CAR-T programs. The SAB will focus on both immuno-oncology and gene therapies, reinforcing Poseida's commitment to overcoming limitations in current therapeutic approaches.
Poseida Therapeutics (PSTX) reported significant advancements in its clinical programs and financial outcomes for 2020, marking a transformative year following its IPO. The company highlighted ongoing trials for P-BCMA-101 and P-PSMA-101, with promising results in treating multiple myeloma and prostate cancer, respectively. R&D expenses rose to $103.5 million, while net losses increased to $129.8 million. However, Poseida ended the year with a strong cash position of $309.2 million, enabling further development of its innovative gene therapies.
Poseida Therapeutics (NASDAQ: PSTX) has showcased significant advancements in its clinical and preclinical pipeline during a virtual R&D Day on February 24, 2021. The event highlighted novel technologies, including CAR-T programs and gene therapy approaches. Key updates included progress on the P-PSMA-101 trial for metastatic prostate cancer and promising data on P-BCMA-101 for multiple myeloma. Additional insights into the Cas-CLOVER gene editing system and future product candidates were shared, underscoring Poseida's commitment to developing innovative therapeutics to address unmet medical needs.
Poseida Therapeutics (NASDAQ: PSTX) announced a virtual R&D Day scheduled for February 24, 2021, from 10:00 am to 2:00 pm ET. The event will include presentations from executive leadership and experts on liver disease and hemophilia gene therapy, focusing on Poseida's cell and gene engineering technologies and CAR-T programs. Attendees can access the live webcast on Poseida's website, with a replay available for 30 days. The company aims to showcase its innovative approaches and new strategies for 2021 and beyond.
Poseida Therapeutics (NASDAQ: PSTX), a clinical-stage biopharmaceutical company, will participate in a pre-recorded presentation during the SternIR Virtual Corporate Access Event from January 11-14, 2021. CEO Eric Ostertag will present, and management will be available for one-on-one investor meetings. The presentation can be viewed on Poseida's website starting January 11, 2021, at 7:00 a.m. ET for 30 days. Poseida focuses on innovative gene engineering technologies aimed at creating advanced cell and gene therapeutics.
Poseida Therapeutics (NASDAQ: PSTX) announced its upcoming addition to the NASDAQ Biotechnology Index, effective December 21, 2020. This inclusion is significant as the NBI tracks the performance of biotechnology and pharmaceutical companies meeting specific eligibility requirements. The company is focused on developing innovative cell and gene therapies through its proprietary gene engineering platforms. This milestone could enhance visibility and prestige for Poseida, potentially benefiting its market performance and investor interest.
Poseida Therapeutics (NASDAQ: PSTX) has appointed Luke Corning, Head of Credit at Pentwater Capital Management, to its Board of Directors. Corning has been a strong supporter of Poseida, investing in its Series C and D financing rounds. His expertise in corporate finance will enhance the Board's capabilities as Poseida advances its pipeline of cell and gene therapies. Additionally, Sean Murphy, a Board member since 2018, will not seek re-election at the 2021 annual meeting. The announcement reflects ongoing strategic development at Poseida in the biopharmaceutical sector.
Poseida Therapeutics (NASDAQ:PSTX) reported promising results from a Phase 1 trial of P-BCMA-101 at the 2020 ASH Annual Meeting. The trial showed enhanced efficacy with a new nanoplasmid manufacturing method, achieving a 67% overall response rate compared to 50% with the standard plasmid. The safety profile remained favorable, with only one case of cytokine release syndrome observed among eight patients. P-BCMA-101 aims to treat relapsed/refractory multiple myeloma, and the company plans to finalize the Phase 2 dose by Q1 2021.
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