Precigen reports first quarter 2023 financial results and business updates

–   positive phase 1 clinical data presented for prgn-2012 adenoverse ™  immunotherapy in rrp demonstrated favorable safety profile and significant reduction in surgeries with 50% of the patients in complete response following treatment with prgn-2012 – –  enrollment completed in the phase 2 study of prgn-2012 in rrp – –  first patient dosed in phase 1/1b dose escalation/dose expansion study of prgn-3007, a next generation ultracar-t® incorporating pd-1 checkpoint inhibition, in advanced ror1+ hematological and solid tumors – –  regained exclusive rights to validated car-t targets, cd19 and bcma, to enable unencumbered development and commercialization of ultracar-t® – –  latest clinical advancements for prgn-3005 ultracar-t® and prgn-2009 off-the-shelf adenoverse ™ immunotherapy to be presented at the 2023 asco annual meeting in june – –  significantly strengthened balance sheet, raising $72.8 million, net of offering costs via a public offering of common stock – –  retired an additional $29.5 million of outstanding convertible notes, leaving $13.8 million maturing on july 1, 2023 , which will be retired using the company's restricted cash balance – –  cash, cash equivalents, short-term and long-term investments and restricted cash totaled $125.4 million as of march 31, 2023 – germantown, md. , may 10, 2023 /prnewswire/ -- precigen, inc. (nasdaq: pgen), a biopharmaceutical company specializing in the development of innovative gene and cell therapies to improve the lives of patients, today announced first quarter 2023 financial results and business updates.
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