Solid Biosciences(SLDB)

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Solid Biosciences(SLDB) - 2019 Q4 - Annual Report
2020-03-12 11:45
Financial Performance - The company incurred significant net losses of $117.2 million, $74.8 million, and $53.2 million for the years ended December 31, 2019, 2018, and 2017, respectively, with an accumulated deficit of $316.3 million as of December 31, 2019[222]. - The company expects to continue incurring significant expenses and increasing operating losses for the foreseeable future as it seeks to resolve the clinical hold on IGNITE DMD and resume clinical development of SGT-001[223]. - The company has never generated revenue from product sales and does not expect to do so for the next several years, if ever[230]. - The independent registered public accounting firm expressed substantial doubt about the company's ability to continue as a going concern due to ongoing losses and the need for additional funding[234]. Regulatory Challenges - The FDA placed a clinical hold on the IGNITE DMD trial due to a serious adverse event, which may delay or terminate the clinical development plans for SGT-001[237]. - The company may face significant delays in obtaining regulatory approvals for SGT-001 due to the complexities of the approval process for novel product candidates[236]. - The company has limited experience in preparing and submitting regulatory filings, having never submitted a biologics license application (BLA) for any product candidate[246]. - Regulatory authorities may require additional clinical trials or impose restrictions on the distribution of SGT-001 if adverse side effects are identified post-approval[245]. - The FDA's accelerated approval pathway does not guarantee faster development or marketing approval for SGT-001[279]. - Changes in regulatory requirements or policies could lead to delays or rejections in obtaining marketing approval for SGT-001[258]. - The company may seek breakthrough therapy designation for SGT-001, but such designation does not assure faster regulatory review[277]. - The FDA requires a minimum of 15 years of monitoring for potential gene therapy-related delayed adverse events[268]. Development and Clinical Trials - The company anticipates needing additional funding to complete the development of SGT-001 and other product candidates, which may not be available on acceptable terms[225]. - The company may face substantial delays in clinical trials due to various factors, including reaching consensus with regulatory authorities and patient recruitment challenges[250]. - The company may encounter difficulties in enrolling patients for clinical trials, which could further delay the development of SGT-001[255]. - There is a high failure rate for gene therapy products in clinical trials, and success in early trials does not guarantee positive outcomes in later stages[249]. Manufacturing and Supply Chain - Manufacturing processes for SGT-001 are complex and have not been validated for commercial use, posing risks for production and regulatory approval[296]. - The company currently relies on third-party manufacturers for SGT-001 supply, which may lead to production delays if issues arise[297]. - Compliance with cGMP requirements is critical, and any issues identified during FDA inspections could disrupt production or lead to penalties[305]. - The company currently lacks long-term supply or manufacturing arrangements for the production of SGT-001 at commercial scale, which may hinder future production capabilities[307]. Market and Competition - The company faces significant competition in the biopharmaceutical market, with larger companies having more resources and experience in obtaining regulatory approvals[289]. - There are several companies, including Pfizer and Sarepta Therapeutics, developing gene therapies for Duchenne Muscular Dystrophy (DMD), which could impact the commercial opportunity for SGT-001[290]. - The potential market for SGT-001 may be smaller than anticipated, adversely affecting revenue prospects[312]. - The potential for competition remains even with orphan drug exclusivity, as regulatory authorities may authorize different drugs for the same condition[276]. Intellectual Property Risks - The company relies heavily on in-licensed patents for the development of SGT-001, and failure to comply with licensing obligations could lead to significant damages[377]. - The company may face challenges in obtaining adequate patent protection for SGT-001 and other product candidates, as patents may expire before commercialization[393]. - There is a risk that licensed patents may be challenged, narrowed, or invalidated, which could result in loss of competitive advantage[394]. - The company may be involved in legal proceedings that could affect the validity and enforceability of its patent rights, impacting its ability to commercialize products[395]. Operational and Strategic Challenges - The company announced a workforce reduction of approximately one third in January 2020 as part of a strategic plan to create a leaner organization focused on advancing SGT-001[339]. - The company may face significant market and economic disruption if no trade agreement is reached between the United Kingdom and the European Union by the end of the transitional period[331]. - The company is highly dependent on key employees, and the loss of such personnel could adversely impact the achievement of its objectives[337]. - The company may incur increased operating expenses and cash requirements if it engages in future acquisitions or strategic collaborations[335]. Compliance and Legal Risks - Compliance with various federal and state healthcare laws is critical, as violations could result in substantial penalties and operational disruptions[362]. - The company is subject to numerous environmental, health, and safety laws, which may lead to significant fines or penalties if not complied with[372]. - Internal computer systems are vulnerable to security breaches, which could disrupt product development and business operations[375]. - A material disruption from a cyber-attack could result in significant delays in regulatory approval efforts and increase costs to recover lost data[376].
Solid Biosciences(SLDB) - 2019 Q3 - Quarterly Report
2019-11-12 12:26
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38360 Solid Biosciences Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 90-0943402 (State or other juris ...
Solid Biosciences(SLDB) - 2019 Q2 - Quarterly Report
2019-08-14 11:54
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 For the quarterly period ended June 30, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38360 Solid Biosciences Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 90-0943402 (State or other jurisdiction of incorporation or organization) FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF ...
Solid Biosciences(SLDB) - 2019 Q1 - Quarterly Report
2019-05-13 20:48
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to (I.R.S. Employer Identification No.) Registrant's telephone number, including area code: (617) 337-4680 Indicate by check mark whether the registrant (1) has ...
Solid Biosciences(SLDB) - 2018 Q4 - Annual Report
2019-03-13 11:50
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2018 OR Registrant's telephone number, including area code: (617) 337-4680 Securities registered pursuant to Section 12(b) of the Act: Common Stock, $0.001 par value per share The Nasdaq Global Select Market (Title of each class) (Name of each exchange on which registered) Securities register ...
Solid Biosciences (SLDB) Presents At 37th Annual J.P. Morgan Healthcare Conference - Slideshow
2019-01-10 20:24
© 2019 Solid Biosciences 1 Solid Biosciences Corporate Overview January 2019 Forward-Looking Statements This presentaDon includes "forward-looking statements" within the meaning of the Private SecuriDes LiDgaDon Reform Act of 1995, which involve a number of risks and uncertainDes. These forward-looking statements include all maOers that are not historical facts and, without limiDng the foregoing, can be idenDfied by the use of forward-looking terminology, including the terms "believe," "esDmate," "project," ...