Summary
Fate Therapeutics (FATE) Reports Q3 Loss, Beats Revenue Estimates
Fate Therapeutics (FATE) came out with a quarterly loss of $0.27 per share versus the Zacks Consensus Estimate of a loss of $0.29. This compares to a loss of $0.4 per share a year ago.
Fate Therapeutics (FATE) May Report Negative Earnings: Know the Trend Ahead of Q3 Release
Fate Therapeutics (FATE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
3 Cancer-Focused Stocks Showing Strong Pipeline Progress
Relay, Fate and Verastem advance promising cancer therapies, strengthening their pipelines in a rapidly evolving oncology market.
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Fate Therapeutics Inc. Profile
| Biotechnology Industry | Healthcare Sector | Bahram Valamehr CEO | NASDAQ (NMS) Exchange | 31189P102 CUSIP |
| US Country | 181 Employees | - Last Dividend | - Last Split | 1 Oct 2013 IPO Date |
Overview
Fate Therapeutics, Inc. stands at the forefront of the clinical-stage biopharmaceutical industry, with a clear focus on the crafting of programmed cellular immunotherapies designed to combat cancer and immune disorders on a global scale. With its foundation laid in 2007, the company has set its headquarters in San Diego, California, showcasing a steadfast commitment towards the development of innovative treatment solutions. Through a strategic collaboration and option agreement with Ono Pharmaceutical Co. Ltd., Fate Therapeutics aims to push the boundaries of medical advancements by spearheading the development and commercialization of off-the-shelf, induced pluripotent stem cell (iPSC)-derived CAR T-cell product candidates targeting a myriad of cancer types.
Products and Services
- FT576: Aimed at addressing the challenges presented by multiple myeloma, FT576 is a cutting-edge chimeric antigen receptor (CAR)-targeted natural killer (NK) cell product candidate. Its design and development epitomize Fate Therapeutics’ commitment to leveraging cellular immunotherapy for the treatment of complex cancers.
- FT522: As part of the company's robust portfolio, FT522 serves a dual purpose by targeting both lymphoma and autoimmune disorders. This CAR-targeted NK cell product candidate exemplifies the versatility and potential of cellular immunotherapy in treating a wide array of diseases beyond cancer, marking a significant stride towards comprehensive immunological treatments.
- FT819: Catering to the vast domain of hematologic malignancies and solid tumors, FT819 represents Fate Therapeutics’ foray into CAR T-cell programs. This initiative underscores the company’s dedication to expanding its therapeutic reach, employing genetically engineered T-cells to seek and destroy cancer cells, thereby offering a beacon of hope for patients grappling with various forms of cancer.
- FT825: Targeting solid tumors, FT825 further solidifies Fate Therapeutics’ foothold in the realm of CAR T-cell therapy. It showcases the company’s ongoing efforts to diversify its arsenal of immunotherapeutics, aiming to provide effective treatment options for patients battling with the relentless nature of solid tumors.
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