Precision BioSciences has achieved a clinical milestone under its agreement with TG Therapeutics, triggering a $7.5 million payment. This includes $5.25 million in cash and $2.25 million for stock acquisition. The funds will support Precision's strategic focus on its gene editing pipeline. The milestone payment highlights the progress in developing therapies for multiple sclerosis.
Company Information
Company
Precision BioSciences
Location
302 EAST PETTIGREW STREET
Durham, North Carolina, United States
About
Precision 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. Key capabilities and differentiating characteristics may enable ARCUS nucleases to drive more intended, defined therapeutic outcomes. Using ARCUS, Precision’s pipeline is comprised of in vivo gene editing candidates designed to deliver lasting cures for the broadest range of genetic and infectious diseases where no adequate treatments exist.
Fundz sees it the moment Precision BioSciences raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
DurhamBiotechnologyHealth CareGeneticsTherapeutics