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First boy gets Duchenne gene edit in Precision BioSciences (DTIL) trial

(Moderate)
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Precision BioSciences, Inc. (DTIL) reported that the first patient has been dosed in its Phase 1/2 FUNCTION-DMD clinical trial of PBGENE-DMD, an in vivo gene-editing therapy for Duchenne muscular dystrophy (DMD). The first dosing occurred at Arkansas Children’s Hospital, a specialized Duchenne care center.

PBGENE-DMD uses the company’s ARCUS® platform to excise exons 45-55 of the dystrophin gene via two ARCUS nucleases delivered in a single AAV, aiming to restore a near full-length functional dystrophin protein. The trial is enrolling ambulatory boys aged 2–7 with mutations between exons 45 and 55, a group representing up to 60% of boys with DMD, with initial safety data expected by year-end 2026.

Positive

  • First patient dosed in Phase 1/2 FUNCTION-DMD trial for PBGENE-DMD, marking a key first-in-patient clinical milestone for Precision BioSciences’ in vivo gene-editing platform.
  • FUNCTION-DMD targets ambulatory DMD patients aged 2–7 with exon 45–55 mutations, potentially applicable to up to 60% of boys with DMD, indicating a large addressable patient subset.
  • PBGENE-DMD benefits from multiple FDA incentives, including Orphan Drug Designation and Fast Track designation, and is eligible for a Priority Review Voucher under the Rare Pediatric Disease program if successfully approved.

Negative

  • None.
Item 7.01 Regulation FD Disclosure Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
DMD patients in U.S. approximately 15,000 patients Estimated U.S. Duchenne muscular dystrophy prevalence cited for PBGENE-DMD program
Target mutation coverage up to 60% of boys with DMD Proportion of boys with DMD having mutations between exons 45 and 55 targeted by FUNCTION-DMD
Patient age range 2 to 7 years Ambulatory DMD patients’ age range eligible for enrollment in Phase 1/2 FUNCTION-DMD
Orphan Drug Designation date July 2025 Month and year FDA granted Orphan Drug Designation to PBGENE-DMD
Fast Track designation date February 2026 Month and year FDA granted Fast Track designation to PBGENE-DMD
Rare Pediatric Disease PRV law date February 3, 2026 Date Rare Pediatric Disease program was signed into law as part of Consolidated Appropriations Act of 2026
Initial safety data timing by year-end 2026 Expected timing for initial safety data readout from FUNCTION-DMD trial
Orphan Drug Designation regulatory
"PBGENE-DMD was granted Orphan Drug Designation by the FDA in July 2025."
Orphan drug designation is a special status given to medicines developed to treat rare diseases affecting only a small number of people. This status often provides benefits like faster approval processes and financial incentives, making it more attractive for companies to develop these drugs. For investors, it signals potential for exclusive market rights and reduced competition, which can impact the drug’s profitability.
Fast Track designation regulatory
"PBGENE-DMD received Fast Track designation from the FDA in February 2026."
Fast track designation is a status the U.S. Food and Drug Administration grants to drugs intended to treat serious conditions and address an unmet medical need. It gives the developer more frequent communication with the FDA and can allow parts of the application to be reviewed on a rolling basis, and it may pave the way to priority review or accelerated approval. It can shorten development timelines, though it does not guarantee approval.
Priority Review Voucher regulatory
"The PBGENE-DMD program is eligible for a Priority Review Voucher (PRV) via the Rare Pediatric Disease program."
A priority review voucher is a transferable regulatory incentive that lets a company move a future drug or device application to the front of the review line, shortening the review period by several months. For investors it matters because the voucher can speed up market access for a high-value product or be sold to other companies for significant cash, acting like a tradable fast-pass that can accelerate revenue or create immediate financial upside.
ARCUS nucleases technical
"By employing two complementary ARCUS nucleases in a single AAV, PBGENE-DMD excises exons 45-55."
AAV technical
"two complementary ARCUS nucleases in a single AAV to excise exons 45-55 of the dystrophin gene"
AAV is a small, generally harmless virus repurposed by researchers as a delivery vehicle to insert therapeutic genes into human cells; think of it as a postal service that carries corrective DNA to specific tissues. Investors pay attention because AAV-based treatments can offer durable, potentially one-time cures that command high prices, but they also carry development, manufacturing and regulatory risks that can sharply influence a biotech company’s value.
in vivo gene editing technical
"a clinical stage gene editing company utilizing its novel proprietary ARCUS platform to develop in vivo gene editing therapies"
In vivo gene editing is a medical technique that changes a patient’s DNA directly inside their body, using tools that find and alter specific genes without removing cells for outside manipulation. For investors it matters because it promises one-time or long-lasting treatments for genetic diseases, creating high potential value but also carrying regulatory, safety and manufacturing risks similar to performing delicate repairs on wiring while the house is occupied.

FAQ

What did Precision BioSciences (DTIL) announce regarding its DMD program?

Precision BioSciences announced that the first patient has been dosed in its Phase 1/2 FUNCTION-DMD trial of PBGENE-DMD, an in vivo gene-editing therapy designed to restore near full-length dystrophin in boys with Duchenne muscular dystrophy.

What is PBGENE-DMD and how does it work for DMD patients?

PBGENE-DMD is a wholly owned in vivo gene-editing program using two ARCUS nucleases in a single AAV to excise exons 45–55 of the dystrophin gene, aiming to enable the body to produce a near full-length, functional dystrophin protein from the patient’s own gene.

Which patients are being enrolled in Precision BioSciences’ FUNCTION-DMD trial (DTIL)?

The Phase 1/2 FUNCTION-DMD study enrolls ambulatory boys aged 2–7 with Duchenne muscular dystrophy who have mutations between exons 45 and 55 of the dystrophin gene, a group representing up to 60% of boys with DMD.

When does Precision BioSciences (DTIL) expect initial data from the FUNCTION-DMD trial?

Precision BioSciences states that initial safety data from the Phase 1/2 FUNCTION-DMD trial of PBGENE-DMD are expected by year-end 2026, subject to trial progress and data collection.

What regulatory designations has PBGENE-DMD received according to Precision BioSciences (DTIL)?

PBGENE-DMD received Orphan Drug Designation from the FDA in July 2025 and Fast Track designation in February 2026. The program is also eligible for a Priority Review Voucher under the Rare Pediatric Disease program if it achieves approval.

How large is the Duchenne muscular dystrophy population targeted by PBGENE-DMD?

Precision BioSciences notes that Duchenne muscular dystrophy affects approximately 15,000 patients in the U.S., and mutations between exons 45 and 55 account for up to 60% of affected boys, the group targeted by PBGENE-DMD.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates
0001357874FALSE00013578742026-08-242026-08-24

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
________________________________________________________
FORM 8-K
________________________________________________________
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 24, 2026
________________________________________________________
Precision BioSciences, Inc.
(Exact name of Registrant as Specified in Its Charter)
________________________________________________________
Delaware001-3884120-4206017
(State or Other Jurisdiction
of Incorporation)
(Commission File Number)(IRS Employer
Identification No.)
302 East Pettigrew St.
Suite A-100
Durham, North Carolina
27701
(Address of Principal Executive Offices)(Zip Code)
Registrant’s Telephone Number, Including Area Code: 919 314-5512
(Former Name or Former Address, if Changed Since Last Report)
________________________________________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading
Symbol(s)
Name of each exchange on which registered
Common Stock, par value $0.000005 per shareDTIL
The Nasdaq Capital Market
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.



Item 7.01 Regulation FD Disclosure

On August 24, 2026, Precision BioSciences, Inc. (the “Company”) issued a press release announcing the first patient has been dosed in its Phase 1/2 FUNCTION-DMD clinical trial evaluating PBGENE-DMD for the treatment of Duchenne muscular dystrophy (“DMD”) at Arkansas Children’s Hospital. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

Pursuant to General Instruction B.2 of Current Report on Form 8-K, the information contained in, or incorporated into, this Item 7.01 (including the Press Release attached hereto as Exhibit 99.1) of this Current Report on Form 8-K is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, nor shall it be deemed to be incorporated by reference into any registration statement or other filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.



Item 8.01 Other Events

On August 24, 2026, the Company issued a press release announcing the first patient has been dosed in its Phase 1/2 FUNCTION-DMD clinical trial evaluating PBGENE-DMD for the treatment of DMD.



Item 9.01 Financial Statements and Exhibits.
(d)Exhibits
Exhibit
No.
Description
99.1
Press release of Precision BioSciences, Inc. dated August 24, 2026.
104Cover Page Interactive Data File (embedded within the Inline XBRL document).



SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
PRECISION BIOSCIENCES, INC.
Date:August 24, 2026By:/s/ Naresh Tanna
Naresh Tanna
Chief Financial Officer

Exhibit 99.1
Precision BioSciences Commences Dosing in Phase 1/2 FUNCTION-DMD Study
-First patient dosed with PBGENE-DMD, the first clinical gene-editing program for DMD –
-First patient dosed at Arkansas Children’s Hospital, a PPMD Certified Duchenne Care Center and designated MDA Care Center –

DURHAM, N.C., August 24, 2026 -- Precision BioSciences, Inc. (Nasdaq: DTIL), a clinical stage gene editing company utilizing its novel proprietary ARCUS® platform to develop in vivo gene editing therapies for high unmet need diseases, today announced the dosing of the first patient in August in the Phase 1/2 FUNCTION-DMD clinical trial evaluating PBGENE-DMD for the treatment of Duchenne muscular dystrophy (DMD).
PBGENE-DMD is Precision's wholly owned in vivo gene editing program designed to durably improve function. This novel approach, aiming to restore near full-length dystrophin, is applicable for up to 60% of DMD patients with mutations in a key hot spot region. By employing two complementary ARCUS nucleases in a single AAV, PBGENE-DMD excises exons 45-55 of the dystrophin gene with the aim of restoring a near full-length functional dystrophin protein that more closely resembles normal dystrophin than synthetic, truncated microdystrophin approaches.
“Dosing the first patient in the FUNCTION-DMD study earlier this month was a significant milestone for Precision BioSciences and for the Duchenne community,” said Sam Collins, M.D., Senior Vice President, DMD Clinical Development of Precision BioSciences. “PBGENE-DMD represents a paradigm shift from currently available approaches. Rather than delivering a highly truncated form of synthetic dystrophin as many therapies in development do today, PBGENE-DMD is designed to permanently edit the patient’s own dystrophin gene to endogenously produce a near full-length, functional dystrophin protein. We are grateful to the patient, their family, and the clinical team for their commitment to advancing this important work, and we look forward to reporting initial safety data by year-end 2026.”
“A therapy designed to address the underlying genetic cause of Duchenne muscular dystrophy  represents a meaningful step forward for individuals and families living with this condition,” said Aravindhan Veerapandiyan, M.D., Director of the Comprehensive Neuromuscular Program at Arkansas Children’s Hospital. “We’re proud that our center was the first to dose a patient in the FUNCTION-DMD study. PBGENE-DMD is designed to restore near full-length, functional dystrophin, and we look forward to evaluating its safety and potential to provide durable functional benefits. This innovation could open the door to an entirely new approach for treating Duchenne”.
“Seeing PBGENE-DMD move from research into the clinic turns the possibility of gene editing for Duchenne into reality — a novel approach that could address some of the limitations of currently available therapies,” said Pat Furlong, President, Parent Project Muscular Dystrophy. “Families have been waiting for options like this, and PPMD is encouraged to see this program advance. We look forward to learning more as the study progresses and continuing collaboration on behalf of all our Duchenne families.”
The study is currently enrolling ambulatory DMD patients between the ages of 2 and 7 with mutations between exons 45 and 55, representing up to 60% of boys living with DMD, across multiple U.S. clinical trial sites. The study is actively recruiting patients at specialized Duchenne care centers with initial safety data expected by year-end 2026.




Exhibit 99.1

About the FUNCTION-DMD Trial
The Phase 1/2 FUNCTION-DMD study is enrolling ambulatory DMD patients between the ages of 2 and 7 with mutations between exons 45 and 55 representing up to 60% of boys with DMD. The objective of the FUNCTION-DMD study is to evaluate safety, tolerability, and efficacy, including dystrophin protein expression and functional outcomes in patients living with DMD. For more information about this clinical trial and contact information, please visit www.clinicaltrials.gov and search for NCT07429240.
About PBGENE-DMD, A Muscle-Targeted Excision Program
PBGENE-DMD is Precision’s development program for the treatment of DMD. DMD is a genetic disease caused by mutations in the dystrophin gene that prevent production of the dystrophin protein and affects approximately 15,000 patients in the U.S. alone. There are currently no approved therapies that can drive durable and significant functional improvements over time. PBGENE-DMD is designed to improve function by employing two complementary ARCUS nucleases delivered in a single AAV to excise exons 45-55 of the dystrophin gene. The aim of this approach is to restore a near full-length functional dystrophin protein within the body that more closely resembles normal dystrophin as opposed to synthetic, truncated microdystrophin approaches with potentially minimal functional benefit. The Phase 1/2 FUNCTION-DMD study is enrolling ambulatory DMD patients with mutations between exons 45 and 55 impacting up to 60% of boys with DMD. The clinical trial employs an appropriate immune modulation regimen and safety monitoring program to treat ambulatory patients at world-class specialized DMD clinical sites.
PBGENE-DMD was granted Orphan Drug Designation by the FDA in July 2025. The PBGENE-DMD program is eligible for a Priority Review Voucher (PRV) via the Rare Pediatric Disease program, which was signed into law on February 3, 2026, as part of the Consolidated Appropriations Act of 2026. PBGENE-DMD received Fast Track designation from the FDA in February 2026.
About Precision BioSciences, Inc.
Precision BioSciences, Inc. is a clinical stage gene editing company dedicated to improving life (DTIL) with its novel and proprietary ARCUS® genome editing platform that differs from other technologies in the way it cuts, its smaller size, and its simpler structure. These features are intended for ARCUS nucleases to drive more defined therapeutic outcomes. Using ARCUS, the Company’s pipeline is comprised of clinical stage in vivo gene editing candidates designed to deliver lasting cures for the broadest range of genetic and infectious diseases where no adequate treatments exist. For more information about Precision BioSciences, please visit www.precisionbiosciences.com.
The ARCUS® platform is being used to develop in vivo gene editing therapies for sophisticated gene edits, including gene elimination (removing a genome e.g. viral DNA such as in the Company’s PBGENE-HBV program), excision (removing a large portion of a defective gene by delivering two ARCUS nucleases in a single AAV such as in the Company’s PBGENE-DMD program), and gene insertion (inserting DNA into gene to cause expression/add function).
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including, without limitation, expectations around patient enrollment and data releases of PBGENE-DMD and the FUNCTION-DMD trial, including initial safety data expected by year-end 2026; translation of results in preclinical studies of PBGENE-DMD to clinical studies in humans; expectations around PBGENE-DMD as a


Exhibit 99.1
novel approach that could address some of the limitations of currently available therapies; and the expected use of an appropriate immune modulation regimen and safety monitoring program to treat ambulatory patients at world-class specialized DMD clinical sites. In some cases, you can identify forward-looking statements by terms such as “aim,” “anticipate,” “approach,” “belief,” “believe,” “contemplate,” “could,” “design,” “designed,” “estimate,” “expect,” “goal,” “intend,” “look,” “may,” “mission,” “plan,” “possible,” “potential,” “predict,” “project,” “pursue,” “should,” “strive,” “suggest,” “target,” “will,” “would,” or the negative thereof and similar words and expressions.
Forward-looking statements are based on management’s current expectations, beliefs, and assumptions and on information currently available to us. These statements are neither promises nor guarantees, and involve a number of known and unknown risks, uncertainties and assumptions, and actual results may differ materially from those expressed or implied in the forward-looking statements due to various important factors, including, but not limited to, our ability to become profitable; our ability to procure sufficient funding to advance our programs; risks associated with our capital requirements, anticipated cash runway, requirements under our current debt instruments and effects of restrictions thereunder, including our ability to raise additional capital due to market conditions and/or our market capitalization; our operating expenses and our ability to predict what those expenses will be; our limited operating history; the progression and success of our programs and product candidates in which we expend our resources; our limited ability or inability to assess the safety and efficacy of our product candidates; the risk that other genome-editing technologies may provide significant advantages over our ARCUS technology; our dependence on our ARCUS technology; the initiation, cost, timing, progress, achievement of milestones and results of research and development activities and preclinical and clinical studies, including clinical trial and investigational new drug applications; public perception about genome editing technology and its applications; competition in the genome editing, biopharmaceutical, and biotechnology fields; our or our collaborators’ or other licensees’ ability to identify, develop and commercialize product candidates; pending and potential product liability lawsuits and penalties against us or our collaborators or other licensees related to our technology and our product candidates; the U.S. and foreign regulatory landscape applicable to our and our collaborators’ or other licensees’ development of product candidates; our or our collaborators’ or other licensees’ ability to advance product candidates into, and successfully design, implement and complete, clinical trials; potential manufacturing problems associated with the development or commercialization of any of our product candidates; delays or difficulties in our and our collaborators’ and other licensees’ ability to enroll patients; changes in interim “top-line” and initial data that we announce or publish; if our product candidates do not work as intended or cause undesirable side effects; risks associated with applicable healthcare, data protection, privacy and security regulations and our compliance therewith; our or our licensees’ ability to obtain orphan drug designation or fast track designation for our product candidates or to realize the expected benefits of these designations; our or our collaborators’ or other licensees’ ability to obtain and maintain regulatory approval of our product candidates, and any related restrictions, limitations and/or warnings in the label of an approved product candidate; the rate and degree of market acceptance of any of our product candidates; our ability to effectively manage the growth of our operations; our ability to attract, retain, and motivate executives and personnel; effects of system failures and security breaches; insurance expenses and exposure to uninsured liabilities; effects of tax rules; effects of any pandemic, epidemic, or outbreak of an infectious disease; the success of our existing collaboration and other license agreements, and our ability to enter into new collaboration arrangements; our current and future relationships with and reliance on third parties including suppliers and manufacturers; our ability to obtain and maintain intellectual property protection for our technology and any of our product candidates; potential litigation relating to infringement or misappropriation of intellectual property rights; effects of natural and manmade disasters, public health emergencies and other natural catastrophic events; effects of sustained inflation, supply chain disruptions and major central bank policy actions; market and economic conditions; risks related to ownership of our common stock, including fluctuations in our stock price; our ability to meet the requirements of and maintain listing of our common stock on Nasdaq or other public stock exchanges;


Exhibit 99.1
and other important factors discussed under the caption “Risk Factors” in our Annual Report on Form 10-K for the annual period ended December 31, 2025 and Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2026, as any such factors may be updated from time to time in our other filings with the SEC, which are accessible on the SEC’s website at www.sec.gov and the Investors page of our website under SEC Filings at investor.precisionbiosciences.com.
All forward-looking statements speak only as of the date of this press release and, except as required by applicable law, we have no obligation to update or revise any forward-looking statements contained herein, whether as a result of any new information, future events, changed circumstances or otherwise.

Investor and Media Contact:
Naresh Tanna
Chief Financial Officer
naresh.tanna@precisionbiosciences.com

Filing Exhibits & Attachments

4 documents