earnings
confidence high
sentiment neutral
materiality 0.60
Sana Biotechnology reports Q3 net loss $85.1M; cash $511.6M; pipeline IND timeline updates
Sana Biotechnology, Inc.
2022-Q3 EPS reported
-$1.01
- Net loss of $85.1M ($0.45 per share) vs $83.3M ($0.46 per share) in Q3 2021; cash, cash equivalents and marketable securities $511.6M at Sep 30, 2022.
- Cash runway expected into 2025; operating cash burn $219.8M for nine months ended Sep 30, 2022.
- SC291 (allogeneic CAR T) IND filing on track for 2022 with clinical data expected in 2023.
- SG295 (in vivo CAR T) IND filing delayed to 2023 to incorporate second-generation process with 50X potency improvement.
- SC276 IND on track for 2023; SC451 (type 1 diabetes cell therapy) IND expected in 2024 with data in 2024.