Likewise, the ongoing clinical trial of CTX120, a therapy for multiple myeloma, may disclose some of its safety data. Use a + to require a term in results and - to CRISPR Therapeutics priced its IPO at $14 per share. CRISPR Therapeutics' valuation exceeds $3 billion, yet the company has reported data from only two patients. Cumulative Growth of a $10,000 Investment in Stock Advisor, Is CRISPR Therapeutics Stock a Good Buy Now, or Is It Too Late? Alex began writing for the Fool in early 2020 and follows companies in the healthcare sector. 2016 was the year for biotech IPOs focused on CRISPR-Cas9 technology. The company's therapy corrects this malfunction by editing the DNA of the immature stem cells that eventually become red blood cells. The biotech booked around $2 million in sales for the year ending June 30, 2016, although it made an operating loss of nearly $30 million in the first half of 2016. Let’s take a closer look at CRISPR Therapeutics (CRSP). After reporting these preliminary results, CRISPR's stock jumped, leaving it more than 40% above its price at the start of the year. However, the ability to edit disease-causing genes has the potential to redefine the treatment paradigm for genetic diseases. Make no mistake: For all of these patients, CTX001 was a tremendous improvement over their prior standard of care, so potential investors should be pleased. Formerly a researcher in the biotech industry, he leverages his science background in his work as a writer and entrepreneur. Thus, people who invest today may eventually benefit when these highly watched programs move into the clinic and hopefully deliver additional positive results for patients. It has already set up a JV with Bayer to create CRISPR spinoff Casebia Therapeutics as well as a collab with Vertex Pharmaceuticals ($VRTX). Editas Medicine led off the pack when it started trading on Feb. 3, 2016. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. And then there were three: After Editas ($EDIT) and Intellia ($NTLA) went public this year, CRISPR has brought up the rear with its IPO. This can lead to a lifetime of anemia, blood transfusions, and pain, and even premature death. While this tech hasn’t yet entered into the lab for in-human testing, American academic researchers are in a race with Chinese scientists to be the first to start--with the world’s first-ever test earmarked to begin before the end of the year. Market data powered by FactSet and Web Financial Group. These genetic blood diseases impair the ability of hemoglobin to carry oxygen throughout the body. Reproduction in whole or part is prohibited. Editas gained a respectable 79% from its IPO, while Intellia lost 19% in value. © 2020 Questex LLC. For those savvy (or even just lucky) enough to get some IPO shares, the stock produced an attractive gain of 391%. Specifically, the company has a gene therapy product for the treatment of beta thalassemia and sickle cell disease. Switzerland and Cambridge, MA-based CRISPR Therapeutics priced its IPO at $14 a pop for 4 million shares, bringing home $56 million. Stock Advisor launched in February of 2002. @themotleyfool #stocks $CRSP, 2 Game-Changing Biotech Stocks That May Make You Rich, If You Invested $100 in CRISPR Therapeutics' IPO, This Is How Much Money You'd Have Now, 2 Best Gene-Editing Stocks to Buy in July, Copyright, Trademark and Patent Information. In mid-June, the gene-editing company CRISPR Therapeutics (NASDAQ:CRSP) released new and highly positive data from two small clinical trials of its CTX001 gene-editing therapy for beta thalassemia and sickle cell disease.

Also, the company expects to present data on its anti-cancer therapy, CTX-110. Bayer’s venture arm, before the offering, owned around 8% of the biotech, with Celgene ($CELG) and Glaxo’s ($GSK) venture businesses owning 12.4% and 9.7% respectively. Gene editing and gene therapy possess the ability to potentially cure a myriad of diseases, but we're still in the early stages of development. Editas and Intellia have already struggled over the past few months.

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