Tenaya Therapeutics, Inc. Stock Price, News & Analysis

Tenaya Therapeutics (NASDAQ: TNYA), a clinical-stage biotechnology company focused on heart disease, announces CEO Faraz Ali's participation in Chardan's 7th Annual Genetic Medicines and Cell Therapy Manufacturing Summit. He will engage in a fireside chat on April 24, 2023, at 1:30 PM ET, followed by a panel discussion titled Gene Therapy: Positioning for CMC Success at Every Stage on April 25, 2023, at 12:00 PM ET. A webcast of the fireside chat will be available on Tenaya's website. Tenaya focuses on developing therapies for genetic cardiovascular disorders, including leading candidates like TN-201 for HCM and TN-401 for ARVC.

Tenaya Therapeutics, Inc. (TNYA) announced it is well-capitalized for 2023 with a cash position of $204 million, enabling operations into 2025. In January, the FDA cleared its TN-201 gene therapy for MYBPC3-associated HCM, with a Phase 1b trial to begin in Q3 2023. Dosing has commenced for TN-301, a small molecule for heart failure, with data expected in H2 2023. The company plans to submit an IND for TN-401 in the same timeframe. For 2022, Tenaya recorded a net loss of $123.7 million and significant R&D expenses, totaling $94.5 million.

Tenaya Therapeutics (NASDAQ: TNYA) has announced its participation in two significant industry conferences: the SVB Securities Global Biopharma Conference and Cowen’s 43rd Annual Health Care Conference. The company presentation at the SVB conference is scheduled for February 16, 2023, from 1:00 PM ET to 1:30 PM ET. Additionally, Tenaya will engage in a Genetic Medicines Panel at Cowen’s conference on March 6, 2023, from 10:30 AM ET to 11:30 AM ET. Webcasts for both events will be available on the Investors section of Tenaya’s website. The company aims to address heart disease through innovative therapies.

Tenaya Therapeutics (TNYA) announced the FDA's clearance for its IND application to start clinical trials for TN-201, aimed at treating hypertrophic cardiomyopathy (HCM) caused by MYBPC3 mutations. The Phase 1b trial will dose patients beginning Q3 2023, with initial data expected in 2024. Tenaya is also advancing its TN-301 and TN-401 programs, with milestones projected for 2023. The company has extended its cash runway into the first half of 2025, supported by a strong cash position of $149.5 million plus $76.8 million from a recent public offering.

Tenaya Therapeutics (TNYA) announced the appointment of Amy Burroughs to its Board of Directors, enhancing its leadership team as it advances its pipeline in heart disease therapies. Burroughs, who has over 20 years of experience in drug development, is expected to contribute to Tenaya’s mission of discovering and commercializing novel genetic therapies. This addition follows the departure of Eli Casdin, who stepped down to focus on other commitments after more than three years of service. Tenaya aims to solidify its position in the biotechnology sector.