Beam Therapeutics reported its Q1 2020 financial results, highlighting a net loss of $31.7 million, or $1.03 per share, and a cash position of $253.4 million. The company also presented promising data from its base editing programs at the ASGCT Annual Meeting, including in vivo proof of concept for alpha-1 antitrypsin deficiency and potential best-in-class approaches for sickle cell disease.
Presented in vivo proof of concept for base editing in alpha-1 antitrypsin deficiency.
Showcased two potentially best-in-class approaches for base editing in sickle cell disease.
Observed more than 90% editing and a more than 65% increase in gamma globin levels in HPFH program.
Cash, cash equivalents and marketable securities were $253.4 million as of March 31, 2020.
Beam Therapeutics continues to execute its business objectives for 2020, while closely monitoring the impact of the evolving COVID-19 pandemic and advancing critical research and development activities to support an initial wave of Investigational New Drug (IND) applications beginning in 2021.
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