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Senti Bio Announces Fourth Quarter and Full Year 2024 Financial Results and Recent Pipeline and Corporate Highlights
Globenewswireยท 2025-03-20 20:01
Core Insights - Senti Biosciences reported initial positive results from its Phase 1 clinical trial of SENTI-202 for treating relapsed/refractory acute myeloid leukemia (AML), with two out of three patients achieving complete remission and being measurable residual disease (MRD) negative [1][4] - The company raised approximately $47.6 million through private investment in public equity (PIPE) financing, which is expected to extend its financial runway into 2026 [5] - Senti Bio received a total of $6.4 million from the California Institute for Regenerative Medicine (CIRM) grant to support the clinical development of SENTI-202 [6] Pipeline and Corporate Highlights - SENTI-202 is being developed for relapsed/refractory hematologic malignancies, including AML, with initial data indicating a well-tolerated treatment profile [3][4] - The company has expanded its leadership team, appointing Jay Cross as Chief Financial Officer and Faraz Siddiqui as Senior Vice President of Technical Operations [7] - Fran Schulz and Feng Hsiung were appointed to the Board of Directors, bringing extensive experience in finance and investment [8] Financial Results - As of December 31, 2024, Senti Bio held cash and cash equivalents of $48.3 million, a significant increase from $35.9 million in 2023 [12][15] - Research and development expenses for Q4 2024 were $7.8 million, down from $9.1 million in Q4 2023, while general and administrative expenses also decreased to $8.4 million from $9.3 million [12][17] - The net loss for Q4 2024 was $0.6 million, or $0.67 per share, compared to a net loss of $18.7 million, or $4.19 per share, in Q4 2023 [12][18]
Senti Bio Appoints Feng Hsiung to Board of Directors
GlobeNewswire News Roomยท 2025-03-13 20:01
Company Overview - Senti Biosciences, Inc. is a clinical-stage biotechnology company focused on developing next-generation cell and gene therapies using its proprietary Gene Circuit platform [1][5] - The company aims to create therapies with enhanced precision and control to treat patients with incurable diseases [5] Leadership Appointment - Feng Hsiung has been appointed to the Board of Directors, effective March 7, 2025, bringing extensive experience in investment strategy and capital markets [2][3] - Hsiung is the Founder, Chief Investment Officer, and CEO of Acion Partners, with a background that includes leadership roles at York Capital [2] Stock Options Grant - On March 7, 2025, the Board granted stock options to three new employees, totaling 202,700 shares at an exercise price of $3.52 per share [4] - The majority of these options, 174,200, were awarded to the new Chief Financial Officer, Jay Cross, under the 2022 Inducement Equity Plan [4] Product Pipeline - Senti Bio's lead program, SENTI-202, targets hematologic cancers and has shown promising initial clinical data, with two out of three patients achieving MRD-negative complete remissions [5] - The company is also advancing its Gene Circuits technology in T cells and exploring applications beyond oncology [5]
Senti Bio Appoints Feng Hsiung to Board of Directors
Globenewswireยท 2025-03-13 20:01
Company Overview - Senti Biosciences, Inc. is a clinical-stage biotechnology company focused on developing next-generation cell and gene therapies using its proprietary Gene Circuit platform [5] - The company aims to create therapies that enhance precision and control in targeting cancer cells while sparing healthy cells [5] Leadership Appointment - Feng Hsiung has been appointed to the Board of Directors, effective March 7, 2025, bringing extensive experience in investment strategy and capital markets [2][3] - Hsiung is the Founder and Chief Investment Officer of Acion Partners and has held significant roles at York Capital, contributing to his expertise in various industries [2] Stock Options Grant - On March 7, 2025, the Board granted stock options to three new employees, totaling 202,700 shares with an exercise price of $3.52 per share [4] - The majority of these options, 174,200, were awarded to the new Chief Financial Officer, Jay Cross, under the 2022 Inducement Equity Plan [4]
Senti Bio Strengthens Leadership Team with Strategic Hires
Globenewswireยท 2025-02-25 13:00
Core Viewpoint - Senti Biosciences, Inc. has expanded its senior leadership team by appointing Jay Cross as CFO and Faraz Siddiqui as SVP of Technical Operations to drive strategic growth and enhance clinical development efforts [1][2]. Leadership Appointments - Jay Cross will oversee financial strategy, operations, and investor relations starting March 3, 2025, bringing a wealth of experience from previous roles, including a successful capital markets campaign that raised over $100 million [1][2]. - Faraz Siddiqui, who joined in January 2025, will manage process development, manufacturing, and supply chain, leveraging over 27 years of biopharmaceutical experience [1][3]. Company Overview - Senti Bio is a clinical-stage biotechnology company focused on developing next-generation cell and gene therapies using its proprietary Gene Circuit platform, which aims to enhance precision and control in therapies [4]. - The company's lead program, SENTI-202, has shown promising early clinical data, achieving MRD-negative complete remissions in 2 of 3 patients, with durability of 4+ and 3+ months as of December 2024 [4]. Strategic Goals - The appointments of Cross and Siddiqui are expected to support the advancement of Senti Bio's clinical pipeline and optimize manufacturing strategies as the company prepares for further clinical development beyond Phase 1 trials [2][3].
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation into Senti Biosciences Inc
ACCESSWIRE Newsroomยท 2025-01-20 19:00
Investigation Alert - Levi & Korsinsky, LLP is investigating Senti Biosciences Inc on behalf of investors [1]
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Informs Shareholders of an Investigation into Senti Biosciences Inc
ACCESSWIRE Newsroomยท 2025-01-17 18:30
Core Viewpoint - Levi & Korsinsky, LLP has initiated an investigation into Senti Biosciences Inc, focusing on potential violations of securities laws and the implications for shareholders [1] Group 1: Investigation Details - The investigation is aimed at determining whether Senti Biosciences Inc misled investors regarding its business practices and financial performance [1] - Shareholders are being informed about the investigation to assess their rights and potential actions [1] Group 2: Implications for Shareholders - The outcome of the investigation may have significant implications for current and former shareholders of Senti Biosciences Inc, particularly regarding potential financial restitution [1] - Shareholders are encouraged to stay informed about the developments of the investigation and consider their options [1]
Senti Bio Announces Additional $11.5 Million of Financing
Newsfilterยท 2025-01-06 14:00
Core Insights - Senti Biosciences, Inc. has secured an additional investment of approximately $10 million in gross proceeds from Celadon Partners, increasing the total raised in the PIPE financing round to $47.6 million [1][2][3] - The company received an additional $1.5 million from its $8 million grant from the California Institute for Regenerative Medicines (CIRM), bringing the total CIRM funding to $6.4 million [7] - The cash runway guidance has been extended into 2026, indicating improved financial stability for ongoing projects [1] Funding Details - The PIPE financing was led by Celadon Partners with participation from several institutional and accredited investors, including New Enterprise Associates (NEA) and Leaps by Bayer [3] - The net proceeds from the PIPE financing will be used to fund the development of the SENTI-202 program, manufacturing ramp-up, and other R&D activities [3][4] Company Overview - Senti Bio is a clinical-stage biotechnology company focused on developing next-generation cell and gene therapies using its proprietary Gene Circuit platform [8] - The lead program, SENTI-202, targets hematologic cancers and has shown promising initial clinical data with complete remissions in 2 of 3 patients [8] - The company is advancing its Gene Circuits technology through partnerships with major firms like Roche/Spark Therapeutics and Bayer/BlueRock Therapeutics [8]
Senti Bio Announces First Patient Dosed in Clinical Trial of SN301A in Hepatocellular Carcinoma in Collaboration with Celest Therapeutics
Newsfilterยท 2024-12-16 13:00
Core Viewpoint - Senti Biosciences, Inc. has initiated a pilot clinical trial for SN301A, a CAR-NK cell therapy targeting hepatocellular carcinoma (HCC), in collaboration with Celest Therapeutics in China, marking a significant step in their strategic partnership and addressing a major health threat in the region [1][3][4]. Group 1: Clinical Trial Details - The trial aims to evaluate the safety, pharmacokinetics, and preliminary anti-tumor activity of SN301A in patients with advanced GPC3-expressing HCC across multiple dose cohorts [2][4]. - The study will assess safety through adverse events and dose-limiting toxicities, alongside efficacy analyses using standard response criteria for liver cancer [2]. - SN301A will be administered in three dose levels during a 28-day treatment cycle, with patients potentially receiving multiple cycles based on their safety and efficacy results [4]. Group 2: Product and Technology Overview - SN301A is derived from the SENTI-301A Gene Circuit, designed to target the GPC3 antigen, which is expressed in 70% to 90% of HCC cases, while having low or no expression in normal adult tissues [5]. - The therapy incorporates calibrated release interleukin-15 (crIL-15) to stimulate immune cells and promote CAR-NK cell expansion and tumor killing [5]. - Preclinical data has shown robust in vitro and in vivo efficacy of SENTI-301A against relevant tumor cells [5]. Group 3: Market Context and Strategic Importance - Liver cancer is the second leading cause of cancer-related death in Asia, with over 40% of global HCC cases reported in China, highlighting the significant unmet medical need that SN301A aims to address [3][4]. - Senti Bio retains all development and commercialization rights for SENTI-301A outside of mainland China, Hong Kong, Macau, and Taiwan, indicating a strategic focus on the Chinese market [3].
Senti Biosciences Announces New Employment Inducement Grants
GlobeNewswire News Roomยท 2024-12-04 01:00
Company Overview - Senti Biosciences, Inc. is a clinical-stage biotechnology company focused on developing next-generation cell and gene therapies using its proprietary Gene Circuit platform [3] - The company aims to create therapies that precisely target cancer cells while sparing healthy cells, enhancing specificity, and controlling drug expression post-administration [3] - Senti Bio's pipeline includes off-the-shelf CAR-NK cells equipped with Gene Circuits for targeting difficult liquid and solid tumors, and it has shown preclinical success in T cells and other modalities [3] Recent Developments - On November 26, 2024, Senti Bio's Compensation Committee granted stock options to three new employees, totaling 49,778 shares at an exercise price of $2.11 per share [1] - These stock options were awarded as an inducement for the employees to join the company, in compliance with NASDAQ Listing Rule 5635(c)(4) [2] - The stock options were granted under the Company's 2022 Inducement Equity Plan, which was adopted on August 5, 2022 [2]
SNTI Stock Skyrockets on Initial Data From Phase I Cancer Study
ZACKSยท 2024-12-03 17:00
Core Insights - Senti Biosciences, Inc. announced positive initial data from a phase I study for its CAR-NK cell therapy candidate, SENTI-202, targeting relapsed/refractory hematologic malignancies, including acute myeloid leukemia (AML) [1][4][7] Company Performance - Following the announcement, Senti Biosciences' shares surged by 363% on December 2 [2] - Year-to-date, SNTI stock has increased by 51.5%, contrasting with a 7.1% decline in the industry [3] Clinical Study Results - In the phase I study, two out of three AML patients treated at the lowest dose level (1.0 billion CAR+ NK cells) achieved complete remission, confirmed by bone marrow biopsy [4] - Both patients also achieved measurable residual disease (MRD) negative status, indicating no detectable cancer cells [5] - Treatment with SENTI-202 was generally well-tolerated among all three AML patients [6] Future Developments - The FDA cleared Senti Biosciences' IND application for SENTI-202 in December 2022, allowing clinical studies to commence [7] - The phase I study is expected to enroll around 20 patients, with a higher dose cohort currently enrolling [8] - Additional safety and efficacy data, including durability data, is anticipated in 2025 [9] Pipeline Expansion - Senti Biosciences has another candidate, SENTI-301A, and has entered a collaboration with Celest Therapeutics for its clinical development in China [10]