Precigen reports fourth quarter and full year 2022 financial results and business updates
– achieved significant clinical progress for ultracar-t ® and adenoverse ™ investigational therapeutics in 2022 – – presented positive clinical data for prgn-2012 adenoverse immunotherapy in recurrent respiratory papillomatosis (rrp) showing favorable safety profile and significant reduction in surgeries with 50% of the patients in complete response following treatment with prgn-2012 – – presented positive clinical data for prgn-3006 ultracar-t in relapsed or refractory (r/r) acute myeloid leukemia (aml) showing a favorable safety profile, 27% objective response rate (orr) and reduction in aml blasts in the majority of patients following treatment with prgn-3006 – – significantly strengthened balance sheet via successful divesture of non-health subsidiary in the third quarter, retirement of the majority of the company's $200 million outstanding convertible notes, and raising approximately $73 million (after deducting underwriting discounts, fees and other underwriting expenses) via a public offering of common stock – – cash, cash equivalents, short-term investments and restricted cash totaled $99.7 million as of december 31, 2022 – germantown, md. , march 6, 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 fourth quarter and full year 2022 financial results.
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