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Editas Medicine Q3 2024 Earnings Report

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$1.31 -0.03 (-2.24%)
(As of 12/20/2024 05:45 PM ET)

Editas Medicine EPS Results

Actual EPS
-$0.75
Consensus EPS
-$0.75
Beat/Miss
Met Expectations
One Year Ago EPS
-$0.55

Editas Medicine Revenue Results

Actual Revenue
$0.06 million
Expected Revenue
$3.93 million
Beat/Miss
Missed by -$3.87 million
YoY Revenue Growth
-98.90%

Editas Medicine Announcement Details

Quarter
Q3 2024
Time
Before Market Opens

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Editas Medicine Earnings Headlines

Editas Medicine (NASDAQ:EDIT) Price Target Lowered to $5.00 at Evercore ISI
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JP Morgan Downgrades Editas Medicine (EDIT)
Editas Medicine price target lowered to $5 from $7 at Evercore ISI
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About Editas Medicine

Editas Medicine (NASDAQ:EDIT), a clinical stage genome editing company, focuses on developing transformative genomic medicines to treat a range of serious diseases. It develops a proprietary gene editing platform based on CRISPR technology. The company develops EDIT-101, which is in Phase 1/2 BRILLIANCE trial for Leber Congenital Amaurosis; and reni-cel, a clinical development gene-edited medicine to treat sickle cell disease and transfusion-dependent beta-thalassemia. In addition, the company is developing alpha-beta T cells for solid and liquid tumors; and gamma delta T cell therapies to treat cancer. It has a research collaboration with Juno Therapeutics, Inc. to develop engineered T cells for cancer; strategic alliance and option agreement with Allergan Pharmaceuticals International Limited. The company was formerly known as Gengine, Inc. and changed its name to Editas Medicine, Inc. in November 2013. Editas Medicine, Inc. was incorporated in 2013 and is based in Cambridge, Massachusetts.

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