Precision Biosciences ( (DTIL) ) has released its Q1 earnings. Here is a breakdown of the information Precision Biosciences presented to its investors.
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Precision BioSciences, Inc. is a clinical stage gene editing company leveraging its proprietary ARCUS platform to develop in vivo gene editing therapies for diseases with high unmet needs, focusing on chronic Hepatitis B and Duchenne muscular dystrophy. In its latest earnings report, Precision BioSciences highlighted new clinical data validating the safety and efficacy of its ARCUS platform, alongside regulatory advancements for its PBGENE-HBV program, which targets chronic Hepatitis B. The company also announced progress in its PBGENE-DMD program for Duchenne muscular dystrophy, with plans to file regulatory applications in 2025. Key financial metrics revealed a decrease in revenue to less than $0.1 million from $17.6 million the previous year, alongside a net loss of $20.6 million for the first quarter of 2025. Despite these financial challenges, Precision BioSciences remains focused on advancing its gene editing programs, with a cash runway expected to last into the second half of 2026. Looking ahead, the company plans to continue its clinical trials and expand its programs, aiming to deliver transformative therapies for genetic diseases with significant unmet needs.