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Entrada Therapeutics, Inc. - TRDA STOCK NEWS

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

Entrada Therapeutics, Inc. (Nasdaq: TRDA) is a clinical-stage biopharmaceutical company dedicated to transforming the lives of patients by developing a new class of medicines known as Endosomal Escape Vehicle (EEV™)-therapeutics. Founded in 2016 by 5AM Ventures, Entrada aims to make previously inaccessible intracellular targets reachable, thereby opening new avenues for treating serious diseases.

Entrada Therapeutics is pioneering the delivery of a wide range of therapeutics to various organs and tissues, thereby improving the therapeutic index. The company's portfolio includes programs targeting neuromuscular diseases, immunological disorders, and metabolic conditions, amongst others.

One of the company's most promising candidates is ENTR-601-44, which is being developed to treat Duchenne muscular dystrophy (DMD), particularly in patients who are exon 44 skipping amenable. The ongoing Phase 1 clinical trial for ENTR-601-44 aims to evaluate the safety, tolerability, pharmacokinetics, and target engagement in healthy volunteers. This trial has already enrolled its first participants, with data anticipated in the second half of 2024.

Recent Achievements:In recent news, Entrada Therapeutics received authorization from the United Kingdom's Medicines and Healthcare Products Regulatory Agency (MHRA) and the Research Ethics Committee (REC) to conduct its Phase 1 clinical trial of ENTR-601-44. Additionally, the company reported robust financial results for the third quarter of 2023, with significant cash reserves and collaboration revenue marking crucial steps in their growth trajectory.

Strategic Milestones:Entrada Therapeutics is well-positioned to continue its strategic initiatives through 2025, thanks to its strong financial footing and ongoing collaborations. The company has also recently appointed Nathan J. Dowden as President and Chief Operating Officer, further strengthening its executive team.

Beyond its lead program, Entrada's pipeline includes several other candidates aimed at treating various subtypes of DMD and myotonic dystrophy type 1 (DM1). These developments underscore Entrada's commitment to advancing its modular EEV platform to address a broad spectrum of unmet medical needs.

For more detailed and up-to-date information about Entrada Therapeutics, please visit their official website and follow them on LinkedIn.

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Entrada Therapeutics (Nasdaq: TRDA) has appointed Dr. Bernhardt “Bernie” Zeiher to its Board of Directors. Previously, Dr. Zeiher was the Chief Medical Officer at Astellas Pharma, where he played key roles in developing numerous therapeutic products. His extensive experience in clinical and regulatory affairs is expected to benefit Entrada as it progresses its lead drug programs targeting Duchenne muscular dystrophy and myotonic dystrophy type 1. Dr. Zeiher expresses enthusiasm for joining during this growth phase, emphasizing his alignment with Entrada’s mission to innovate in intracellular therapeutics.

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Entrada Therapeutics (Nasdaq: TRDA), a biopharmaceutical company, announced participation of CEO Dipal Doshi in a virtual fireside chat at the Guggenheim Genomic Medicines and Rare Disease Conference on April 4, 2023 at 9:00 a.m. ET. This event aims to highlight Entrada's innovative approach to Endosomal Escape Vehicle (EEV™) therapeutics, which targets previously inaccessible intracellular areas for drug delivery. Interested stakeholders can access the live webcast on Entrada's Investor Relations page, with a replay available for 90 days post-event.

Entrada is developing therapies for various diseases, including neuromuscular and immunological conditions, with specific focus on treatments for Duchenne muscular dystrophy.

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Entrada Therapeutics (TRDA) has announced a collaboration with Vertex to develop Endosomal Escape Vehicle-therapeutics for myotonic dystrophy type 1. The company is actively addressing the FDA's clinical hold on its IND application for ENTR-601-44 and has selected ENTR-601-45 as a new therapeutic candidate for Duchenne muscular dystrophy. Following the Vertex collaboration, Entrada's cash runway has been extended into the second half of 2025. Financial results for Q4 2022 reveal a net loss of $24.6 million, up from $18.4 million in Q4 2021, with cash and equivalents totaling $188.7 million, down from $291.1 million a year prior.

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Entrada Therapeutics (Nasdaq: TRDA) recently announced that its President and CEO, Dipal Doshi, will participate in the Neuromuscular and Bone Corporate Panel at the Cowen 43rd Annual Health Care Conference on March 8, 2023, at 2:10 p.m. ET in Boston, MA. The conference aims to discuss advancements in healthcare, particularly in biotechnology. A live webcast of the panel will be accessible on Entrada's Investor Relations website, with a replay available for 90 days post-event. Entrada specializes in Endosomal Escape Vehicle (EEV™) therapeutics, targeting previously inaccessible diseases, with a focus on neuromuscular disorders.

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Entrada Therapeutics (Nasdaq: TRDA) has announced the successful closing of its strategic collaboration with Vertex following the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act. The agreement includes a $224 million upfront payment and a $26 million equity investment. Entrada could earn up to $485 million in milestone payments and royalties on future product sales. The collaboration focuses on ENTR-701, a candidate for treating myotonic dystrophy type 1 (DM1), and extends the company’s cash runway into the second half of 2025, enabling further development of its Endosomal Escape Vehicle (EEV™)-therapeutics.

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Entrada Therapeutics announces the selection of ENTR-601-45 as a new clinical candidate for treating individuals with Duchenne muscular dystrophy who are amenable to exon 45 skipping. The biopharmaceutical company plans to submit an Investigational New Drug (IND) application in the second half of 2024. Initial studies demonstrate over 90% exon skipping in a hDMD mouse model. The company aims to address a significant unmet need in the Duchenne community and will present further data at the Muscular Dystrophy Association Clinical Conference in March 2023.

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FAQ

What is the current stock price of Entrada Therapeutics (TRDA)?

The current stock price of Entrada Therapeutics (TRDA) is $17.59 as of December 20, 2024.

What is the market cap of Entrada Therapeutics (TRDA)?

The market cap of Entrada Therapeutics (TRDA) is approximately 646.2M.

What is Entrada Therapeutics' core business?

Entrada Therapeutics is focused on developing intracellular biologics to treat serious diseases using their Endosomal Escape Vehicle (EEV™)-therapeutics platform.

What is ENTR-601-44?

ENTR-601-44 is a lead product candidate for treating Duchenne muscular dystrophy (DMD) in patients amenable to exon 44 skipping.

What recent milestones has Entrada Therapeutics achieved?

Recently, Entrada received MHRA authorization for a Phase 1 trial of ENTR-601-44 and reported strong third-quarter financial results.

What is the aim of the ongoing clinical trial for ENTR-601-44?

The Phase 1 clinical trial aims to evaluate the safety, tolerability, pharmacokinetics, and target engagement of ENTR-601-44 in healthy volunteers.

Who founded Entrada Therapeutics?

Entrada Therapeutics was co-founded in 2016 by 5AM Ventures, a prominent life sciences venture capital firm.

What diseases does Entrada Therapeutics aim to treat?

Entrada targets a range of diseases including neuromuscular, immunological, ocular, and metabolic disorders.

How is Entrada Therapeutics funded?

Entrada is funded through various means, including cash reserves, marketable securities, and collaboration revenues.

Who is the current CEO of Entrada Therapeutics?

Dipal Doshi is the President and Chief Executive Officer of Entrada Therapeutics.

Where can I find more information about Entrada Therapeutics?

You can find more information on their official website at www.entradatx.com and their LinkedIn page.

What is the significance of the EEV™ platform?

The EEV™ platform enables the efficient delivery of a wide range of therapeutics into various organs and tissues, improving the therapeutic index.

Entrada Therapeutics, Inc.

Nasdaq:TRDA

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Biotechnology
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