other material
confidence high
sentiment negative
materiality 0.70
Century Therapeutics FY2024 net loss $126.6M; discontinues ELiPSE-1, focuses on CNTY-308
Century Therapeutics, Inc.
- Net loss $126.6M for FY2024 ($136.7M in 2023); cash $220.1M, runway into Q4 2026.
- Discontinued ELiPSE-1 Phase 1 trial for CNTY-101 in R/R NHL; data not transformational.
- Pipeline re-prioritized to four programs led by CNTY-308 (CD19 CAR-iT); IND-enabling studies mid-2025.
- First patient dosed in CALiPSO-1 Phase 1 trial for CNTY-101 in autoimmunity; CARAMEL IIT to start mid-2025.
- Collaboration revenue from BMS $6.6M; R&D expenses $107.2M (up from $92.7M) driven by trial and manufacturing costs.