CRBU Shares -- In the Media Spotlight

By Tamara Parker • Monday, January 08 11:25 • Permanent Link

Caribou Biosciences, Inc. (NASDAQ: CRBU) made significant progress in the market today, with its stock moving 6.2% and reaching a trading price of $5.12 per share. The company's latest press release detailed the appointment of Tim Kelly as the Chief Technology Officer and outlined multiple clinical catalysts expected in 2024.

In the press release, Rachel Haurwitz, Ph.D., President, and Chief Executive Officer of Caribou Biosciences, expressed optimism about the company's future, stating, "2023 was a year of exceptional progress and leadership for Caribou as we advanced our three clinical programs and strengthened our balance sheet with a public offering and investment from Pfizer. We are excited to kick off 2024 by welcoming Tim Kelly as Caribou's Chief Technology Officer."

Tim Kelly, the newly appointed Chief Technology Officer, also shared his enthusiasm, saying, "I'm thrilled to join Caribou as the company prepares to initiate its first pivotal trial. The potential of genome editing to revolutionize medicine is undeniable, and Caribou's innovative chrdna technology has enabled the development of armored allogeneic car-t cell therapies that hold immense promise."

The company also highlighted its key clinical highlights and corporate accomplishments, including progress across its allogeneic car-t cell therapy platform and its expanded executive leadership team and scientific advisory board. Caribou has also secured a strong financial position, with a cash runway into Q4 2025.

Looking ahead, Caribou outlined its anticipated milestones for 2024, including reporting initial dose expansion data from the antler trial and sharing the recommended phase 2 dose for cb-010, as well as initiating a phase 3 pivotal trial evaluating cb-010 in second-line lbcl by year-end 2024.

Furthermore, Dr. Haurwitz is scheduled to present a corporate update at the 42nd annual J.P. Morgan Healthcare Conference on Thursday, January 11, 2024, at 11:15 am PST.

For more detailed information, the company's full 8-K submission is available here.

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