Editas Medicine Inc Stock Price, News & Analysis

Editas Medicine, Inc. (Nasdaq: EDIT) presented new data on its innovative gene editing technology, SLEEK, at the Cold Spring Harbor Laboratory's Genome Engineering meeting. SLEEK achieves high efficiencies in multi-transgene knock-in across various cell types, including iPSCs, T cells, and NK cells, with over 90% efficiency reported. This advancement positions SLEEK as a promising strategy for developing next-generation cell therapies for serious diseases, particularly cancer. Additionally, Editas shared its CALITAS algorithm for identifying potential off-target sites, enhancing its commitment to advancing gene editing technologies.

Editas Medicine (Nasdaq: EDIT) made significant advancements in its clinical trials for gene-editing therapies. The BRILLIANCE trial for EDIT-101 is enrolling pediatric and adult high-dose cohorts, with initial data expected in September 2021. The RUBY trial for EDIT-301, targeting sickle cell disease, is also progressing, with the first patient expected to be dosed by year-end. Financially, Editas reported a net loss of $55.3 million for Q2 2021, an increase from $23.6 million in Q2 2020. Cash reserves stood at $698.1 million, sufficient to fund operations into 2023.

Editas Medicine, Inc. (Nasdaq: EDIT) and Integrated DNA Technologies (IDT) announced a research publication showcasing the advantages of Alt-R™ A.s. Cas12a (Cpf1) Ultra, an engineered nuclease. The findings, published in Nature Communications, reveal a significant improvement in gene editing efficiency and specificity compared to existing tools like SpCas9. This proprietary nuclease demonstrates near 100% editing efficiency across various cell lines and could lead to novel therapies for genetic diseases and engineered cell treatments for cancer.

Editas Medicine, a genome editing leader, will host a conference call and webcast on August 4, 2021, at 8:00 a.m. ET. The purpose is to update stakeholders on corporate developments and Q2 2021 results. U.S. participants can join by dialing 877-407-0989, while international callers can dial 201-389-0921. A live webcast will be accessible on the company's website.

Editas focuses on innovative CRISPR/Cas9 and CRISPR/Cas12a technologies to develop genomic therapies targeting serious diseases globally.

Editas Medicine, Inc. (Nasdaq: EDIT) announced the promotion of Bruce E. Eaton, Ph.D., to Executive Vice President and Chief Business Officer. With over 30 years of experience, Eaton will oversee corporate strategy, business development, and alliance management. The announcement comes as the company emphasizes its focus on advancing its gene editing pipeline, with two medicines currently in the clinic. The company aims for substantial growth in products and technology. In a related note, Gad Berdugo has stepped down from his role at Editas Medicine.

Editas Medicine (Nasdaq: EDIT) has initiated the enrollment of the first pediatric cohorts in the Phase 1/2 BRILLIANCE clinical trial of EDIT-101, aimed at treating Leber congenital amaurosis 10 (LCA10). This endorsement follows a positive review of safety data from adult cohorts. Concurrently, the adult high-dose cohort is being enrolled, with initial clinical data expected in September. The trial aims to assess safety and efficacy in patients aged 3-17 and includes up to 18 participants.

Editas Medicine, Inc. (Nasdaq: EDIT) announced inducement awards for newly appointed Executive Vice President and Chief Scientific Officer Mark Shearman, Ph.D., and Senior Vice President and Chief Regulatory Officer Chi Li, Ph.D. Each received stock options to purchase shares at $38.53, with vesting over four years. Additionally, they were awarded restricted stock units, also vesting over four years. These grants are in accordance with Nasdaq Listing Rule 5635(c)(4) and are aimed at retaining top executive talent to advance the company's mission in genome editing.

Editas Medicine (Nasdaq: EDIT) has appointed Chi Li, Ph.D., as Chief Regulatory Officer and Mark S. Shearman, Ph.D., as Chief Scientific Officer. Effective immediately, Dr. Li will oversee regulatory affairs, while Dr. Shearman will lead scientific endeavors, enhancing the company’s leadership. With over 30 years of experience, Dr. Shearman previously held roles at AGTC and Merck, while Dr. Li, with over 20 years in drug development, comes from Celularity. This leadership expansion aims to advance Editas' pipeline of gene-editing medicines.

Editas Medicine announced promising preclinical data for EDIT-301, a CRISPR/Cas12a-based therapy for sickle cell disease. The study showed robust fetal hemoglobin (HbF) induction and no off-target editing. The RUBY trial, which is actively recruiting, aims to assess the safety and efficacy of EDIT-301. Manufacturing processes demonstrated successful scale-up production, indicating potential for a durable treatment. The company expects to begin patient dosing by the end of 2021, marking a significant milestone in addressing this serious condition affecting approximately 100,000 individuals in the U.S.