Adicet Bio Inc Stock Price, News & Analysis

Adicet Bio, a biotechnology firm focused on innovative gamma delta T cell therapies, announced participation in two virtual investor conferences. The first is the UBS Global Healthcare Virtual Conference from May 24-26, where CEO Chen Schor will present on May 26 at 7:00 AM ET. The second event is the JMP Securities Life Sciences Conference on June 16-17, featuring a fireside chat with Schor on June 16 at 3:00 PM ET. Live webcasts will be available on their website, with replays accessible for 30 days post-event.

Adicet Bio (Nasdaq: ACET) reported a productive Q1 2021, highlighted by the successful $143.8 million capital raise and the initiation of a Phase 1 trial for ADI-001, targeting B Cell Non-Hodgkin's Lymphoma (NHL). The trial is positioned as the first allogeneic CAR gamma-delta T cell therapy to enter human trials, with interim data expected by late 2021. Despite increased R&D and G&A expenses totaling $17.3 million, the company holds $223.4 million in cash and marketable securities, providing a strong financial foundation through mid-2023.

Adicet Bio, Inc. (Nasdaq: ACET), a biotechnology firm focused on allogeneic gamma delta T cell therapies for cancer, will have its CEO, Chen Schor, present at the 7th Annual Truist Securities Life Sciences Summit on May 4, 2021, at 2:40 PM ET. A live audio webcast of the event will be available on their investors website, with an archived replay accessible for 30 days post-presentation. Adicet Bio is advancing engineered gamma delta T cells aimed at improving tumor targeting and immune response in patients.

Adicet Bio, Inc. (Nasdaq: ACET), a biotechnology firm, has announced that its President and CEO, Chen Schor, will participate in a panel on Gamma Delta CART-Cells at the Canaccord Genuity 2021 Horizons in Oncology Virtual Conference on April 15, 2021. The panel, moderated by John Newman, Ph.D., will run from 1:00 PM to 1:55 PM ET. Adicet is focused on developing allogeneic gamma delta T cell therapies aimed at treating cancer and enhancing anti-tumor responses through innovative engineering techniques.

Adicet Bio, Inc. (Nasdaq: ACET) announced the appointment of Dr. Blake Aftab as Vice President of Research, effective April 13, 2021. Dr. Aftab will lead research efforts to advance the clinical development of ADI-001 and expand the pipeline of 'off-the-shelf' gamma delta T cell therapies. With nearly 20 years of experience in cell therapy development, Dr. Aftab aims to harness Adicet’s innovative platform for transformative patient treatments. His previous roles include significant contributions at Atara Biotherapeutics and academic research in multiple myeloma.

Adicet Bio, Inc. (Nasdaq: ACET) reported significant progress, including the IND clearance and initiation of its first-in-human Phase 1 trial for ADI-001, targeting B cell non-Hodgkin’s lymphoma. The company raised $143.6 million through a public offering to support its pipeline of CAR gamma-delta T cell therapies. For 2020, R&D expenses rose to $34.3 million, while G&A expenses hit $22.8 million. The net loss for the year was $36.7 million, or $5.01 per share, up from 2019's $28.1 million. Cash and marketable securities totaled $94.6 million at year-end, ensuring operational funding into 2023.

Adicet Bio (Nasdaq: ACET) has initiated its First-in-Human Phase I clinical trial for ADI-001, an innovative allogeneic gamma delta T cell therapy aimed at treating B cell non-Hodgkin's lymphoma (NHL). This open-label trial will enroll around 75 patients diagnosed with relapsed or refractory B cell malignancies. The primary focus is on evaluating ADI-001's safety, tolerability, and pharmacodynamics, with preliminary results expected by late 2021. The therapy's potential, based on encouraging preclinical data, suggests it could provide a new treatment option for NHL patients.

Adicet Bio, Inc. (Nasdaq: ACET) announced the appointment of Andrew Sinclair, Ph.D., to its board of directors, succeeding Erez Chimovits. Sinclair, a partner at Abingworth, brings significant life sciences investment experience, particularly related to biotechnology and pharmaceuticals. His addition follows a successful $152 million financing, highlighting investor confidence. The company aims to advance its gamma delta T cell therapies, with a focus on clinical development and expanding its product pipeline, addressing cancer and other diseases.

Adicet Bio, Inc. (Nasdaq: ACET) has successfully closed an underwritten public offering of 10,575,513 shares of common stock at a price of $13.00 per share, generating approximately $137.5 million in gross proceeds. This includes the full exercise of an option by underwriters to purchase an additional 1,344,743 shares. Additionally, Adicet has entered into a stock purchase agreement with existing investors for $15.0 million in shares at the public offering price. The offering is conducted under a previously filed shelf registration statement with the SEC.