Precision BioSciences reports Q2 EPS (10c), consensus (24c)

Reports Q2 revenue $19.79M, consensus $6.38M. “The first half of 2023 has been a busy time at Precision. Key updates have continued to elucidate the development and potential regulatory pathway for our ex vivo portfolio as well as demonstrate the potential of our proprietary ARCUS(R) genome editing platform as a differentiated technology for high efficiency in vivo gene insertion and excision,” said Michael Amoroso, CEO at Precision BioSciences. “Following our recent CAR T data update in May 2023 and subsequent Type B End of Phase 1 meeting with the U.S. Food and Drug Administration (FDA), we are actively engaging with potential partners to advance azer-cel and PBCAR19B to the next stage of development. As we prioritize organic development of our in vivo portfolio, we continue to generate supportive preclinical data to leverage the core features of ARCUS and advance differentiated programs to the clinic. We look forward to providing further updates across our in vivo programs at our upcoming gene editing R&D event in September.”