Editas Q2 2022 Earnings Report
Key Takeaways
Editas Medicine reported a net loss of $53.5 million for the second quarter of 2022, compared to a net loss of $55.3 million for the same period in 2021. The company's cash, cash equivalents, and marketable securities totaled $527.6 million as of June 30, 2022, which is expected to fund operations into 2024. Editas continues to advance its gene editing programs, including EDIT-301 for sickle cell disease and EDIT-101 for LCA10.
Successful engraftment achieved in first patient treated with EDIT-301 for sickle cell disease.
FDA removed partial clinical hold for RUBY trial of EDIT-301.
Continued screening and enrolling patients for EDIT-101 Phase 1/2 BRILLIANCE study for LCA10, with clinical data update expected in the second half of 2022.
Collaboration with Immatics to develop cancer medicines using gamma-delta T cell adoptive cell therapies and gene editing.
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Editas Revenue by Segment
Forward Guidance
Editas Medicine expects its existing cash, cash equivalents and marketable securities will enable it to fund its operating expenses and capital expenditures into 2024.