CRISPR Therapeutics, a gene therapy leader, expands trials despite facing financial losses and competition.

CRISPR Therapeutics, known for its FDA-approved gene therapy Casgevy for sickle cell disease, has $1.9 billion in cash and is expanding its clinical trials in oncology, cardiology, and diabetes. Despite the high cost of Casgevy at $2.2 million, the company projects $132 million in revenue by 2025. However, it faces financial losses and competition from other biotech firms, prompting investors to exercise caution.

3 months ago
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