Welcome to our dedicated page for Sana Biotechnology news (Ticker: SANA), a resource for investors and traders seeking the latest updates and insights on Sana Biotechnology stock.
Sana Biotechnology, Inc. (NASDAQ: SANA) is a biotechnology company focused on creating and delivering engineered cells as medicines, and its news flow reflects this emphasis on cell and gene-based therapies. Company press releases and updates describe progress across its hypoimmune platform for allogeneic cell therapies and its fusogen platform for in vivo delivery of genetic payloads.
Investors following SANA news can read about clinical and preclinical milestones in type 1 diabetes, B-cell cancers, and B-cell–mediated autoimmune diseases. Sana has reported investigator-sponsored clinical data for UP421, a primary human pancreatic islet cell therapy engineered with hypoimmune technology, including results showing survival and function of transplanted beta cells without immunosuppression. News items also cover development of SC451, an O-negative, HIP-modified, iPSC-derived pancreatic islet cell therapy, and in vivo CAR T candidates such as SG299 and SG293 built on the fusogen platform.
In addition to scientific and clinical updates, Sana’s news includes quarterly financial results, portfolio prioritization decisions, and capital-raising activities through public offerings and at-the-market equity programs. The company also issues announcements about participation in healthcare and investor conferences, where management provides business overviews and program updates.
This news page aggregates these disclosures so readers can monitor developments in Sana’s engineered cell programs, regulatory interactions, scientific publications, and financing events associated with the SANA stock. For investors and observers of the biotechnology sector, the SANA news stream offers insight into how the company is advancing its platforms and concentrating resources on type 1 diabetes and in vivo CAR T approaches.
Sana Biotechnology (NASDAQ: SANA) has announced a strategic portfolio prioritization aimed at optimizing clinical development and maintaining a strong cash runway into 2025. The company anticipates filing Investigational New Drug (IND) applications for SC291, SG295, and SC263 in 2023, while SC451 and a BCMA-targeted CAR T candidate are scheduled for 2024. However, internal investment in the SC187 program will be discontinued, resulting in a 15% workforce reduction. The firm remains committed to advancing its key clinical programs and improving its engineered cell therapies for serious diseases.
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Sana Biotechnology (NASDAQ: SANA) announced that it will present six abstracts, including two oral presentations, at the upcoming 64th American Society of Hematology Annual Meeting from December 10-13, 2022, in New Orleans, LA. The presentations will highlight the potential of Sana's allogeneic CAR T cell and in vivo delivery platforms for treating hematologic malignancies. Key topics include CD19, CD22, and BCMA-targeted therapeutics. The company aims to advance therapies for lymphoma, leukemia, and multiple myeloma, with a focus on innovative approaches to enhance therapeutic efficacy.
Sana Biotechnology, Inc. (NASDAQ: SANA) reported Q3 2022 results, highlighting a cash position of $511.6 million. The company expects to file IND applications for SC291 and SC276 in 2023, with clinical data following. Research and development expenses rose significantly to $76.7 million due to increased headcount and third-party manufacturing costs. Net loss for the quarter was $85.1 million, slightly worse than in 2021. Despite these losses, Sana maintains a robust cash runway into 2025, supporting ongoing development of its innovative CAR T therapies and hypoimmune platform.
Cellarity, a life sciences company, announced the successful completion of a $121 million Series C financing, raising total funds to $274 million. This round attracted new investors, including Kyowa Kirin Co. Ltd and Hanwha Impact Partners, alongside existing backers. The funds will be used to expand talent, enhance its platform, and progress its drug pipeline. Cellarity’s innovative approach focuses on cellular dysfunction rather than targeting individual molecules, aiming for breakthroughs in treating various diseases.
Sana Biotechnology, Inc. (NASDAQ: SANA) announced webcasts for its presentations at two upcoming investor conferences. Steve Harr, the President and CEO, will provide a business overview on September 13 and September 29, 2022, at the Morgan Stanley 20th Annual Global Healthcare Conference and the Jefferies Cell and Genetic Medicine Summit, respectively. The presentations will be available on the Investor Relations page of Sana's website, with replays accessible for 30 days after each event.
Cellarity has announced the release of a groundbreaking single-cell dataset aimed at advancing genetic information mapping, available for a Kaggle competition at NeurIPS 2022. This dataset, generated through collaboration with Yale University and others, includes a time course of 300,000 CD34+ stem cells from human donors, evaluated across five time points. The initiative seeks to develop machine learning algorithms to understand cell differentiation and gene regulation implications for medicine. Entries for the competition close on November 15, 2022.
Sana Biotechnology, Inc. (SANA) reported its Q2 2022 financial results, highlighting a cash position of $579.6 million and a projected cash runway extending into 2025. The company anticipates significant savings of approximately $100 million from relocating its manufacturing facility to Bothell, WA, enabling multiple data readouts across its platforms. Noteworthy preclinical data were presented, showcasing the survival of hypoimmune pancreatic islet cells in non-human primates without immunosuppression. Key executive hires were also announced to bolster operational capabilities.
Sana Biotechnology (NASDAQ: SANA) announced significant advancements in cell transplantation without immunosuppression, as presented at the ISSCR 2022 Annual Meeting. Their hypoimmune platform demonstrates the survival of allogeneic cells, including islet, cardiomyocyte, and retinal pigment epithelial cells, in non-human primates. This breakthrough suggests potential therapies for diseases like type 1 diabetes and blood cancers. Preliminary results indicate that HIP-modified cells evade immune responses, paving the way for future IND submissions for clinical trials.
Sana Biotechnology (NASDAQ: SANA) will present new data on human islet cell transplantation for type 1 diabetes at the ISSCR 2022 Annual Meeting in San Francisco from June 15-19, 2022. Highlights include an oral presentation on hypoimmune iPSCs protecting islets from immune destruction, alongside poster presentations discussing immune barrier challenges and iPSCs surviving without immunosuppression in a non-human primate model. These findings emphasize the potential of engineered cells in diabetes treatment.
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