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Precigen (PGEN) Stock News, Apr-Aug 2023

PGEN NASDAQ

Precigen, Inc. reports developments as a commercial-stage biopharmaceutical company advancing precision medicines for difficult-to-treat diseases. Its news centers on PAPZIMEOS (zopapogene imadenovec-drba), an FDA-approved therapy for adults with recurrent respiratory papillomatosis, including commercialization, access, reimbursement, medical-publication updates, and adoption by treating physicians.

Company updates also cover financial results, business presentations, and pipeline activity across immuno-oncology, autoimmune disorders, and infectious diseases. Precigen’s recurring technology references include the AdenoVerse immunotherapy platform, UltraCAR-T programs, and related manufacturing capabilities used to support its precision-medicine portfolio.

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On April 26, 2023, Precigen (Nasdaq: PGEN) announced its participation in the 2023 ASCO Annual Meeting from June 2-6, 2023, in Chicago, Illinois. The company will present clinical data on two innovative therapies: PRGN-3005 UltraCAR-T for advanced, recurrent platinum-resistant ovarian cancer and PRGN-2009 AdenoVerse immunotherapy for HPV-associated cancers. Highlights include:

  • PRGN-3005: Phase 1/1b study demonstrating the potential of overnight manufactured UltraCAR-T cells.
  • PRGN-2009: Phase 1 study evaluating its effectiveness alone and with an anti-PDL1/TGF-Beta trap checkpoint inhibitor.

Event details and updates can be found on Precigen's investor website.

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Precigen, Inc. (Nasdaq: PGEN) presented preclinical data for its next-generation UltraCAR-T platform using a mesothelin (MSLN) CAR at the AACR Annual Meeting 2023. MSLN is overexpressed in various solid tumors including mesothelioma and pancreatic cancer.

The new UltraCAR-T cells feature a novel mechanism for intrinsic PD-1 blockade, aiming to enhance safety and efficacy by eliminating the need for expensive checkpoint inhibitors. Results showed robust UltraCAR-T cell expansion and durable persistence leading to significant antitumor effects in preclinical models, even after tumor rechallenges. Collectively, these findings position the UltraCAR-T platform as a promising candidate in the cancer treatment landscape.

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Precigen (NASDAQ: PGEN) has amended its license agreement with Alaunos Therapeutics, regaining exclusive rights to IL-12 gene therapy and proven CAR-T targets CD19 and BCMA. This amendment eliminates future royalties to Alaunos and enhances Precigen's ability to develop and commercialize UltraCAR-T therapies. The UltraCAR-T platform aims to deliver personalized treatments with overnight manufacturing, potentially transforming cancer therapy. The company is progressing its clinical programs for various cancers while planning a business and clinical update call on April 4, 2023.

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FAQ

What is the current stock price of Precigen (PGEN)?

Precigen (PGEN) last closed at $5.25.

What is the market cap of Precigen (PGEN)?

The market cap of Precigen (PGEN) is approximately $1.9B.