SANA
Sana Biotechnology, Inc.5.0000
-0.0800-1.57%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
1.33BP/E (TTM)
-Basic EPS (TTM)
-0.96Dividend Yield
0%Recent Filings
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.
8-K
Sana prioritizes key programs
Sana Biotechnology sharpened its focus on type 1 diabetes therapy SC451 and in vivo CAR T candidate SG293, suspending allogeneic CAR T programs to conserve resources. Positive 12-week data from UP421 showed safe, immune-evading islet cells producing insulin without immunosuppression, boosting confidence for SC451's IND filing as early as 2026. Raised $133.2 million in equity, ending Q3 with $153.1 million cash for a runway into late 2026. Suspension frees capital, yet demands swift clinical proof.
8-K
Exec retirement and successor named
Sana Biotechnology announced the voluntary retirement of Executive Vice President, General Counsel, and Corporate Secretary Bernard J. Cassidy, effective October 20, 2025, for personal reasons with no disagreements. The company appointed Aaron M. Grossman as his successor in the role of Executive Vice President, Chief Legal Officer, starting the same date. Cassidy will provide transition services afterward. Leadership transition smooths operations.
8-K
Board director resigns amicably
Sana Biotechnology's board loses Mary Agnes Wilderotter, who resigned effective August 29, 2025, from her roles as director, Nominating and Corporate Governance Committee chair, and Audit Committee member. The departure stems from personal reasons, not any disputes over operations or policies. Sana's governance remains steady amid this change.
8-K
Strong T1D trial data boosts pipeline
Sana Biotechnology unveiled promising 6-month data from its type 1 diabetes study, where hypoimmune-modified islet cells evaded immune detection without immunosuppression, maintaining stable C-peptide levels and function. The NEJM published 12-week results, while FDA feedback bolsters plans for SC451 IND filing in 2026. Cash dipped to $72.7 million amid $44.6 million asset impairment, but $105 million in fresh equity extends runway into late 2026. Pipeline advances briskly.
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