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Rocket Pharmaceuticals, Inc. (symbol: RCKT) is a pioneering biotechnology company dedicated to advancing gene therapy treatments for rare and orphan diseases. The company's mission is to seek cures through molecular and gene therapy, leveraging a lentiviral-based approach to deliver groundbreaking medical advancements.
Core Business: The company focuses on developing first-in-class treatments aimed at addressing significant unmet medical needs. Rocket Pharmaceuticals has a robust pipeline of gene therapy products, including:
- RP-A501 for Danon Disease
- RP-L102 for Fanconi Anemia
- RP-L201 for Leukocyte Adhesion
- RP-L301 for Pyruvate Kinase Deficiency
- RP-L401 for Infantile Malignant Osteopetrosis
These pipeline products are in various stages of clinical development, showcasing the company's commitment to innovative solutions for devastating pediatric diseases.
Partnerships and Collaborations: Rocket Pharmaceuticals has built rewarding partnerships with leading international research institutions and centers of manufacturing and cell processing expertise. These collaborations enhance the company's capacity to conduct rigorous research and development, clinical trials, and regulatory programs.
Financial Condition and Achievements: As a late-stage biopharmaceutical company, Rocket Pharmaceuticals is well-positioned in the market, with strong backing from investors and a promising future outlook. The company’s recent achievements include significant progress in clinical trials and obtaining key regulatory milestones.
Current Projects: The company is actively working on several projects aimed at bringing innovative gene therapies to market. These projects include ongoing clinical trials for their pipeline products and efforts to expand their research and development capabilities.
Looking Forward: Rocket Pharmaceuticals aims to launch and globally commercialize its gene therapies to bring hope and relief to patients suffering from rare diseases. The company's approach combines high scientific standards with a patient-centric focus, driving its mission to transform the landscape of gene therapy.
For more information, please visit www.rocketpharma.com.
Rocket Pharmaceuticals (NASDAQ: RCKT) has announced the pricing of an upsized public offering of 13,200,000 shares of common stock at $12.50 per share. The offering is expected to generate gross proceeds of $165 million before deducting underwriting costs and expenses. The company has granted underwriters a 30-day option to purchase up to an additional 1,980,000 shares. The offering is anticipated to close around December 12, 2024. Morgan Stanley, Leerink Partners, and Cantor are serving as joint book-running managers, with LifeSci Capital acting as lead manager.
Rocket Pharmaceuticals (NASDAQ: RCKT), a late-stage biotechnology company focused on genetic therapies for rare disorders, has announced plans for a $150 million public offering of common stock. The company will grant underwriters a 30-day option to purchase up to an additional 15% of shares. Morgan Stanley, Leerink Partners, and Cantor are serving as joint book-running managers, with LifeSci Capital as lead manager.
The offering will be conducted through a previously filed shelf registration statement with the SEC. The final terms and completion of the offering are subject to market conditions.
Rocket Pharmaceuticals (NASDAQ: RCKT), a late-stage biotechnology company focused on genetic therapies for rare disorders, announced its participation in the 7th Annual Evercore HealthCONx Conference in Miami, Florida. CEO Gaurav Shah will conduct a fireside chat on Tuesday, December 3, at 1:45 p.m. ET and hold investor meetings throughout the day. The fireside chat will be accessible via webcast and will be available on the company's Investors section of their website.
Rocket Pharmaceuticals (NASDAQ: RCKT) presented long-term Phase 1 data for RP-A501 in Danon disease patients at the American Heart Association Scientific Sessions 2024. The results, also published in The New England Journal of Medicine, showed that all six evaluable patients remained alive and transplant-free, with sustained LAMP2 protein expression and ≥10% reduction in LV mass index at 12 months, maintained through follow-up of up to five years.
Key findings include cardiac LAMP2 expression in all evaluable patients, improvements in heart failure classification from NYHA Class II to Class I, significant reductions in cardiac biomarkers (84% median reduction in troponin, 57% in BNP), and enhanced quality of life scores (27-point median increase in KCCQ) at 24-54 months post-treatment.
Rocket Pharmaceuticals (NASDAQ: RCKT) announced it will present new data from its RP-A501 Phase 1 trial for Danon disease at the American Heart Association's 2024 Late-Breaking Science sessions in Chicago. The presentation, titled 'Danon Disease Phase 1 RP-A501 Results: The First Single-Dose Intravenous Gene Therapy with Recombinant Adeno-Associated Virus (AAV9:LAMP2B) for a Monogenic Cardiomyopathy,' will be delivered by Dr. Joseph Rossano from Children's Hospital of Philadelphia on November 18, 2024. The company will also host an investor webinar following the presentation.
Rocket Pharmaceuticals (NASDAQ: RCKT), a late-stage biotechnology company focused on genetic therapies for rare disorders, announced its participation in the UBS Global Healthcare Conference in Rancho Palos Verdes, CA. CEO Gaurav Shah will participate in a fireside chat on Tuesday, November 12, at 5:00 p.m. PT. The event will be accessible via webcast through the company's Investors section website.
Rocket Pharmaceuticals (NASDAQ: RCKT) reported Q3 2024 financial results and pipeline updates. Key developments include completed enrollment in Phase 2 pivotal study of RP-A501 for Danon disease and low-dose cohort completion for RP-A601 PKP2-ACM study. The company initiated rolling BLA submission for RP-L102 and expects KRESLADI approval in 2025. Financial highlights show cash position of $235.7M expected to fund operations into 2026. R&D expenses decreased to $133.9M from $144.6M year-over-year, while G&A expenses increased to $76.6M from $51.8M. Net loss was $198.4M or $2.11 per share.
Rocket Pharmaceuticals (NASDAQ: RCKT) has completed enrollment in its global Phase 2 pivotal trial of RP-A501 for treating male patients with Danon disease. The trial enrolled 12 patients, including a two-patient safety run-in, with the remaining 10 patients enrolled across the U.S. and EU within three months. The study aims to evaluate the efficacy and safety of RP-A501, a one-time treatment designed to improve cardiac abnormalities associated with Danon disease.
The trial's co-primary endpoints are improvements in LAMP2 protein expression and reductions in left ventricular mass. Key secondary endpoints include changes in troponin, natriuretic peptides, and event-free survival to 24 months. Rocket Pharmaceuticals plans to pursue regulatory filings simultaneously in the U.S. and ex-U.S. markets, given the prevalence of Danon disease across regions.
Rocket Pharmaceuticals (NASDAQ: RCKT) has appointed Mikael Dolsten, M.D., Ph.D., as an independent director to its Board of Directors. Dr. Dolsten is currently the Chief Scientific Officer and President of Research & Development at Pfizer Inc. (NYSE: PFE), focusing on advancing gene therapies, small-molecule medicines, biotherapeutics, and vaccines. His extensive experience includes leadership roles at Wyeth, Boehringer Ingelheim, AstraZeneca, Pharmacia, and Upjohn.
Dr. Dolsten is a member of the Board of Overseers for the Scripps Research Institute and a Foreign Member of The Royal Swedish Academy of Engineering Sciences. He has also advised the Obama administration on regulatory and drug development issues and Vice President Biden's Cancer Moonshot Initiative. This appointment aims to strengthen Rocket's scientific capabilities and support its mission to develop transformative treatments for rare disorders.
Rocket Pharmaceuticals (NASDAQ: RCKT), a late-stage biotechnology company focusing on genetic therapies for rare disorders, has announced its participation in two upcoming investor conferences. The company will be present at the Morgan Stanley 22nd Annual Global Healthcare Conference on September 5, 2024, at 2:35 PM ET, and the 2024 Cantor Fitzgerald Global Healthcare Conference on September 17, 2024, at 10:55 AM ET.
CEO Gaurav Shah, M.D., will engage in fireside chats at both events, and the management team will host investor meetings. Webcasts of the presentations will be accessible on the Investors section of Rocket Pharmaceuticals' website, providing an opportunity for stakeholders to stay informed about the company's progress and strategies in developing genetic therapies for rare disorders with high unmet needs.
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