Solid Bioscience Stock Price, News & Analysis

Solid Biosciences Inc. (Nasdaq: SLDB) announced that Michael Inbar, CPA, MBA, has joined as Senior Vice President, Finance, effective August 16, 2021. Inbar brings extensive expertise in public accounting and finance team management from his previous roles at Syros Pharmaceuticals and Acronis. CEO Ilan Ganot emphasized the importance of Inbar's experience for the company's growth and commitment to improving patients' lives through transformative therapies for Duchenne muscular dystrophy. Inbar expressed excitement about being part of a team focused on significant patient outcomes.

Solid Biosciences (Nasdaq: SLDB) reported progress in its clinical trials and R&D pipeline during Q2 2021. Key highlights include advancing patient dosing in the IGNITE DMD trial, with the next dosing expected in Q4 2021. The company holds approximately $249 million in cash, enabling operations into Q4 2022. Collaboration revenue for the quarter reached $3.6 million, a notable increase from the previous year. However, R&D expenses rose to $15.5 million, reflecting increased costs related to SGT-001.

Solid Biosciences Inc. (Nasdaq: SLDB) has granted an inducement award to Dr. Roxana Dreghici, the newly appointed Senior Vice President of Clinical Development. This grant, approved by independent directors on June 16, 2021, includes an option to purchase 230,000 shares of common stock at an exercise price of $3.77 per share, reflecting the closing price on July 1, 2021. The option vests over four years, contingent on Dr. Dreghici's continued employment. Solid Biosciences is focused on developing therapies for Duchenne muscular dystrophy, particularly through its lead gene therapy candidate, SGT-001.

Solid Biosciences (Nasdaq: SLDB) has announced the hiring of three key executives: Roxana Donisa Dreghici as Senior Vice President of Clinical Development, Caitlin Lowie as Vice President of Communications & IR, and Alison Kessler as Vice President of Legal Corporate & IP. These appointments are aimed at strengthening the management team and advancing the company's product pipeline focused on Duchenne muscular dystrophy. Each new executive brings significant industry experience, enhancing Solid Biosciences' capacity to support patients and their families affected by this condition.

Solid Biosciences (Nasdaq: SLDB) has announced the grant of an inducement award to Dr. Iman Barilero, the newly appointed Chief Regulatory Officer. This award consists of an option to purchase 180,000 shares at an exercise price of $3.75 per share, based on the closing stock price as of June 1, 2021. The option vests in four equal installments over four years, contingent upon Dr. Barilero's ongoing service with the company. Solid Biosciences focuses on developing therapies for Duchenne muscular dystrophy, targeting the underlying genetic mutation with its lead candidate, SGT-001.

Solid Biosciences (Nasdaq: SLDB) announced Dr. Iman Barilero as the new Chief Regulatory Officer, effective June 1, 2021. Dr. Barilero brings over 30 years of regulatory experience, having successfully guided numerous drug approvals in various global markets. She previously served as Senior Advisor to Innouvo and held key positions at Agenus, Poxel, and Lundbeck. Her expertise aligns with Solid’s mission to enhance therapies for Duchenne muscular dystrophy, particularly focusing on SGT-001 and SGT-003. The company aims to develop differentiated therapies through innovative regulatory strategies.

Solid Biosciences (Nasdaq: SLDB) announced that its COO, Joel Schneider, PhD, will present at the Jefferies Virtual Healthcare Conference on June 3, 2021, at 3:30 p.m. ET. A live webcast will be accessible on the Company’s investor relations website, with a replay available after the event. Solid Biosciences focuses on developing therapies for Duchenne muscular dystrophy, specifically targeting the underlying mutations with its lead gene therapy candidate, SGT-001.

Solid Biosciences (Nasdaq: SLDB) announced participation in key scientific conferences focusing on Duchenne muscular dystrophy. At the 16th International Congress of Neuromuscular Diseases on May 21-22 & 28-29, Dr. Perry Shieh will present findings from the Phase I/II IGNITE DMD trial of SGT-001 microdystrophin gene therapy, highlighting long-term biopsy data and safety evaluations. Additionally, at the Gene Therapy for Muscular Disorders conference from May 25-27, Dr. Carl Morris will discuss drug development strategies and participate in expert panels.

Solid Biosciences (SLDB) provided an update on its Q1 2021 performance, with a net loss of $16.9 million, down from $26.7 million in Q1 2020. The company reported collaboration revenue of $3.3 million and ended the quarter with $268.5 million in cash, ensuring a cash runway into Q4 2022. In clinical updates, two additional patients were dosed in the IGNITE DMD trial, with a serious adverse event noted for patient 8. Long-term results showed durable microdystrophin expression from SGT-001, and the company announced advancements in its next-generation DMD gene therapy candidate, SGT-003.