SANA
Sana Biotechnology, Inc.5.0000
-0.0800-1.57%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
1.33BP/E (TTM)
-Basic EPS (TTM)
-0.96Dividend Yield
0%Recent Filings
8-K
Q4 results, $138M cash, ATM boost
Sana Biotechnology reported Q4 and full-year 2025 results, with cash at $138.4 million extending runway into late 2026 after raising $133.7 million via ATM and equity sales. UP421 hypoimmune islet cells functioned one year post-transplant without immunosuppression, per NEJM; SC451 IND and SG293 human data eyed this year. Cash burn slowed sharply. New ATM enables up to $150 million more.
10-K
FY2025 results
Sana Biotechnology's FY2025 10-K underscores ongoing clinical momentum in its prioritized hypoimmune and fusogen platforms amid persistent cash burn. No revenue was generated, with R&D expenses dropping 39% y/y to $132M from portfolio streamlining, including Q4 2025 suspension of allogeneic CAR T programs (SC291/SC262) to focus on SC451 (T1D islet cells) and SG293 (in vivo CAR T). Key Q4 highlights: UP421 IST showed 12-month graft survival/function sans immunosuppression (NEJM-published); SC451 IND/Phase 1 slated for 2026; SG293 preclinicals confirmed CD8-specific CAR T generation/deep B-cell depletion in NHPs sans lymphodepletion. Cash fell to $138M (down 45% y/y); $244M net loss narrowed 8% y/y, but going concern doubt persists without fresh capital. Q4 impairments hit $45M for Bothell manufacturing. Risks: novel tech unproven; funding shortfall.
8-K
CFO Brian Piper appointed
Sana Biotechnology appointed Brian Piper as EVP, CFO, and Treasurer on February 17, 2026, with Steven Harr stepping down as acting Principal Financial Officer. Piper joins with $515,000 base salary, 40% target bonus, options for 900,000 shares, and 200,000 RSUs vesting over four years. New CFO brings biopharma finance expertise. Leadership stabilized.
8-K
UP421 thrives at 12 months
Sana Biotechnology unveiled at the January 14, 2026 J.P. Morgan Healthcare Conference that its UP421 hypoimmune islet cells survived and functioned 12 months post-transplant in a type 1 diabetes patient, no immunosuppression needed. SC451 IND and Phase 1 trial target this year; SG293 in vivo CAR T eyes initial human data then. HIP tech evades immunity. Drug risks loom large.
10-Q
Q3 FY2025 results
Sana Biotechnology narrowed its Q3 FY2025 operating loss to $43.5M from $61.8M y/y, driven by 43% lower R&D spend amid portfolio prioritization and workforce reductions, while G&A fell 27% to $10.3M. YTD net loss improved 15% to $185.3M versus $217.7M, with R&D expenses down 43% to $97.1M, though a $44.6M non-cash impairment hit long-lived assets tied to suspended manufacturing build-outs. Diluted EPS advanced to ($0.75) from ($0.95) y/y, reconciling to 245.6M weighted shares. Cash burn eased to $111.2M from $176.0M y/y, ending at $153.1M bolstered by $109.2M in equity raises, including $80.6M from an August offering; free cash flow not disclosed in the 10-Q. No debt outstanding, but $128.9M in contingent liabilities loom from prior acquisitions. Yet competition in cell therapy remains fierce.
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