Sam Wadsworth
On January 23, 2025, Sam Wadsworth, Ph.D., notified Precision BioSciences, Inc. (the “Company”) of his intention to retire from service on company boards and resigned from the Company’s Board of Directors.
Highest-materiality recent filing
Liver biopsy data show 1-log reduction in cccDNA transcripts after two doses at 0.4 mg/kg; indels inactivate remaining <1%.
Precision BioSciences Q1 net loss $18.4M; cash $125.8M; PBGENE-HBV and PBGENE-DMD trials advancing
Net loss $18.4M ($0.75/share) vs $20.6M loss ($2.21/share) in Q1 2025.
Q4 net income $20.1M ($1.05 diluted EPS) vs net loss $17.8M YoY; FY net loss $45.7M ($3.56/sh).
FDA clears Precision BioSciences' IND for PBGENE-DMD gene editing therapy for DMD
FDA Study May Proceed allows initiation of clinical trial site activation for Phase 1/2 FUNCTION-DMD study in ambulatory DMD patients.
Preliminary cash ~$137M as of Dec 31, 2025; cash runway expected through 2028.
Precision BioSciences prices $75M underwritten offering of common stock and warrants
Offering: 10.8M shares + 1.4M pre-funded warrants at $6.14/$6.139995 per unit; gross proceeds ~$75M.
Phase 1 ELIMINATE-B trial: 9 patients across 0.2, 0.4, 0.8 mg/kg doses (22 total administrations); no dose-limiting toxicities observed.
Net loss of $21.8M ($1.84/sh) vs $16.4M ($2.25/sh) in Q3 2024.
Precision BioSciences Q2 net loss $23.5M; HBV gene editing shows HBsAg reduction in all patients
Net loss of $23.5M ($2.13 per share) vs net income $32.7M a year ago; revenue less than $0.1M (prior $49.9M on non-cash revenue).
Precision BioSciences' PBGENE-HBV shows durable HBsAg reduction in Phase 1; cash runway to H2 2027
Cohort 1 (0.2 mg/kg): well-tolerated; best HBsAg reductions of 56%, 69%, and 47% across three patients.
Precision BioSciences Q1 net loss $20.6M; revenue drops to <$0.1M; PBGENE-DMD accelerated
Revenue less than $0.1M vs $17.6M in Q1 2024; net loss of $20.6M ($2.21/share) vs net income $8.6M ($1.70/share) a year ago.
Precision BioSciences accelerates PBGENE-DMD, plans IND/CTA in 2025; pauses PBGENE-3243
PBGENE-DMD is a first-in-class in vivo gene editing approach targeting exons 45-55; up to 60% of DMD patients carry mutations in this hotspot region.
Precision BioSciences FY2024 net income $7.2M; PBGENE-HBV Phase 1 shows HBsAg reduction
Q4 2024 net loss $17.8M ($2.22/sh) vs $16.3M loss in Q4 2023; FY2024 net income $7.2M vs FY2023 loss $61.3M.
Precision BioSciences Q3 revenue $0.6M, net loss $16.4M; PBGENE-HBV enters clinic
Revenue $0.6M down from $13.1M YoY; net loss $16.4M ($2.25/share) vs $8.1M loss in Q3 2023.
Precision BioSciences reports ~$121M cash, gets first CTA approval for PBGENE-HBV in Moldova
Expected cash, cash equivalents, and restricted cash of ~$121M as of Sept 30, 2024 (preliminary, unaudited).
Alan List, CMO, retiring effective Sept 13, 2024; will transition to clinical consultant at $325/hour and remain on SAB.
Precision BioSciences Q2 2024 net income $32.7M; cash $123.6M; HBV program on track for IND in 2024
Net income from continuing ops $32.7M vs loss $11.9M YoY; revenue $49.9M (+$30.1M) from Prevail termination.
Precision BioSciences Q1 2024 revenue $17.6M, net income $8.6M; cash runway into H2 2026
Revenue $17.6M (up from $8.8M YoY); net income $8.6M vs loss $25.1M in Q1 2023.
Prevail (Lilly sub) terminated collaboration without cause effective July 10, 2024; Precision exercised reversion option to regain programs.
Precision BioSciences reports FY 2023 net loss of $61.3M; extends cash runway into H2 2026
FY 2023 revenue $48.7M (up from $25.1M in 2022); loss from continuing ops $42.5M.
Precision BioSciences prices $40M public offering of 2.5M shares and warrants at $16/unit
Offering of 2,500,000 common shares and warrants to purchase another 2,500,000 shares at $16.00 per unit.
Approximately 68.34% of common shares represented at special meeting on January 18, 2024.
Precision grants TG Therapeutics exclusive license for non-oncology applications of azer-cel, receiving $17.5M in upfront and near-term payments.
On January 23, 2025, Sam Wadsworth, Ph.D., notified Precision BioSciences, Inc. (the “Company”) of his intention to retire from service on company boards and resigned from the Company’s Board of Directors.
On September 9, 2024, Alan List, M.D., the Company’s Chief Medical Officer, notified Precision BioSciences, Inc. (the “Company”) that he will be retiring from the Company, effective September 13, 2024.
Max materiality 0.90 · Median 0.70 · Most common event other_material