Senti Biosciences(SNTI)
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Senti Bio Announces Execution of Grant Award from California Institute for Regenerative Medicines (CIRM) for Clinical Development of SENTI-202
Newsfilter· 2024-08-05 12:05
SOUTH SAN FRANCISCO, Calif., Aug. 05, 2024 (GLOBE NEWSWIRE) -- Senti Biosciences, Inc. (Nasdaq: SNTI) ("Senti Bio"), a biotechnology company developing next-generation cell and gene therapies using its proprietary Gene Circuit platform, today announced the commencement of a grant award of $8 million from the California Institute for Regenerative Medicines ("CIRM"). Pursuant to the executed agreement with CIRM, the first tranche of the grant award is expected to be received in August 2024. The CIRM grant wil ...
Senti Bio Announces Execution of Grant Award from California Institute for Regenerative Medicines (CIRM) for Clinical Development of SENTI-202
GlobeNewswire News Room· 2024-08-05 12:05
Core Insights - Senti Biosciences, Inc. has received an $8 million grant from the California Institute for Regenerative Medicines to support the clinical development of its investigational cell therapy SENTI-202 for treating relapsed/refractory hematologic malignancies, including acute myeloid leukemia [1][2] Company Overview - Senti Bio is a biotechnology company focused on developing next-generation cell and gene therapies using its proprietary Gene Circuit platform, aiming to create therapies with enhanced precision and control [6] - The company is advancing its pipeline with off-the-shelf CAR-NK cells designed to target challenging liquid and solid tumor indications [6] Product Development - SENTI-202 is a Logic Gated off-the-shelf CAR-NK cell therapy designed to selectively target and eliminate CD33 and/or FLT3 expressing hematologic malignancies while sparing healthy bone marrow cells [3] - The therapy includes three main components: an OR GATE for activating CAR targeting, a NOT GATE for protecting healthy cells, and calibrated-release IL-15 technology to enhance cell persistence and activity [3] - A Phase 1 clinical trial for SENTI-202 is currently enrolling adult patients with relapsed/refractory CD33 and/or FLT3 expressing hematologic malignancies, with initial efficacy data expected by the end of 2024 [2][3] Market Context - Acute myeloid leukemia (AML) is the most common type of acute leukemia in adults, with an estimated 20,800 new cases in the U.S. in 2024 and a five-year survival rate of approximately 30% [5] - Current treatment options for relapsed or refractory AML are limited, with median overall survival typically less than seven months [5]
Senti Bio Announces Reverse Stock Split
GlobeNewswire News Room· 2024-07-16 12:30
Company Overview - Senti Bio is a biotechnology company focused on developing next-generation cell and gene therapies for patients with incurable diseases, utilizing a synthetic biology platform called Gene Circuits [10][11] - The company aims to create therapies that can precisely target and kill cancer cells while sparing healthy cells, enhancing specificity, and controlling drug expression post-administration [10] Reverse Stock Split Announcement - Senti Bio's Board of Directors has approved a one-for-ten (1-for-10) reverse stock split of its common stock, which will take effect at 11:59 p.m. EDT on July 17, 2024 [11] - Following the reverse stock split, the number of outstanding shares will decrease from approximately 45.8 million to about 4.6 million shares [5] - The reverse stock split is intended to increase the market price of Senti Bio's common stock to regain compliance with Nasdaq's minimum bid price requirement of $1.00 per share [9] Nasdaq Compliance - Senti Bio was notified on August 7, 2023, that its common stock had closed below the $1.00 bid price for 30 consecutive business days, leading to non-compliance with Nasdaq Listing Rule 5450(a)(1) [9] - The company was granted an initial 180-calendar day grace period until February 5, 2024, to regain compliance, followed by a second 180-calendar day period until August 5, 2024 [9] Shareholder Information - No fractional shares will be issued as a result of the reverse stock split; stockholders entitled to a fraction will receive a cash payment based on the closing price of Senti Bio's common stock on July 17, 2024 [6] - Stockholders with shares held in book-entry form or through a bank or broker will see the effects of the reverse stock split reflected in their accounts on or after July 18, 2024 [7]
Senti Bio Announces Reverse Stock Split
Newsfilter· 2024-07-16 12:30
SOUTH SAN FRANCISCO, Calif., July 16, 2024 (GLOBE NEWSWIRE) -- Senti Biosciences, Inc. (Nasdaq: SNTI) ("Senti Bio") , a biotechnology company developing next-generation cell and gene therapies using its proprietary Gene Circuit platform, today announced that its Board of Directors has determined to effect a onefor-ten (1-for-10) reverse stock split of Senti Bio's common stock, par value $0.0001 per share (the "Common Stock"). The reverse stock split will take effect at 11:59 p.m. EDT on July 17, 2024, and S ...
Senti Bio Awarded California Institute for Regenerative Medicines (CIRM) Grant for Clinical Development of Logic Gated CAR-NK Cell Therapy
Newsfilter· 2024-07-01 12:05
Core Insights - Senti Bio has received an $8 million grant from the California Institute for Regenerative Medicine (CIRM) to support the clinical development of SENTI-202, a potential first-in-class CAR-NK cell therapy for treating relapsed/refractory hematologic malignancies, including acute myeloid leukemia (AML) [6][2][3] - The Phase 1 clinical trial of SENTI-202 is currently enrolling patients, with initial efficacy data expected by the end of 2024 and durability data anticipated in 2025 [6][11] Company Overview - Senti Bio is a 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 targeting cancer cells while sparing healthy cells [8][2] - The company utilizes off-the-shelf CAR-NK cells outfitted with Gene Circuits to target challenging liquid and solid tumor indications, demonstrating potential in various modalities and diseases beyond oncology [8][12] Industry Context - Acute myeloid leukemia (AML) is the most common type of acute leukemia in adults, with an estimated 20,800 new cases expected in the United States in 2024 and a five-year survival rate of approximately 30% [3][2] - Current treatment options for AML include chemotherapy, targeted therapies, and stem cell transplants, but there are limited options for patients with relapsed or refractory AML, with median overall survival typically less than seven months [3][2]
Why Is Senti Biosciences (SNTI) Stock Up 32% Today?
Investor Place· 2024-06-25 12:03
Senti Biosciences (NASDAQ:SNTI) stock is taking off on Tuesday alongside heavy pre-market trading of the preclinical biotechnology company's shares this morning. That has more than 8.5 million shares of SNTI stock changing hands as of this writing. This is a massive jump over its daily average trading volume of about 239,000 shares. It also bears mentioning that the company's float is 29.16 million units. The heavy trading this morning comes without any clear news from Senti Biosciences. That includes a lac ...
Senti Biosciences(SNTI) - 2024 Q1 - Quarterly Report
2024-05-09 20:15
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period from _______ to _______ Commission File Number 001-40440 _________________________ Senti Biosciences, Inc. (Exact name of registrant as specified in its ch ...
Senti Biosciences(SNTI) - 2024 Q1 - Quarterly Results
2024-05-09 20:10
[Company Overview & Q1 2024 Highlights](index=1&type=section&id=Company%20Overview%20%26%20Q1%202024%20Highlights) Senti Bio reported Q1 2024 operational and financial updates, highlighting clinical progress and upcoming conference participation [Introduction and CEO Statement](index=1&type=section&id=Introduction%20and%20CEO%20Statement) Senti Bio reported its operational updates and financial results for the first quarter of 2024, highlighting significant progress in its clinical development programs, SENTI-202 and SENTI-301A, both on track for patient dosing in Q2 2024. The company reaffirmed its commitment to leveraging synthetic biology to address unmet clinical needs - First patient dosing of SENTI-202, a logic-gated treatment for acute myeloid leukemia (AML), is on track for the second quarter of 2024[1](index=1&type=chunk) - The pilot trial of SENTI-301A in hepatocellular carcinoma (HCC) in China, through a partnership with Celest, is also on track to begin patient dosing in the second quarter of 2024[2](index=2&type=chunk) [About Senti Bio](index=2&type=section&id=About%20Senti%20Bio) Senti Bio is a biotechnology company focused on developing next-generation cell and gene therapies for incurable diseases. It utilizes a proprietary Gene Circuit platform to create therapies with enhanced precision and control, primarily through off-the-shelf CAR-NK cells for oncology, and explores broader applications via partnerships - Senti Bio develops cell and gene therapies using its proprietary Gene Circuit platform to create therapies with enhanced precision and control[9](index=9&type=chunk) - The company's wholly-owned pipeline utilizes off-the-shelf chimeric antigen receptor natural killer (CAR-NK) cells, outfitted with Gene Circuits, to target challenging liquid and solid tumor indications[9](index=9&type=chunk) - Senti Bio is advancing Gene Circuit capabilities through partnerships with Spark Therapeutics and BlueRock Therapeutics[9](index=9&type=chunk) [Upcoming Events](index=2&type=section&id=Upcoming%20Events) Senti Bio has scheduled participation in a key biotechnology conference in the upcoming quarter - Senti Bio plans to participate in the BIO International Convention 2024, scheduled for June 3-6 in San Diego, CA[11](index=11&type=chunk) [Pipeline Development Highlights](index=1&type=section&id=Pipeline%20Development%20Highlights) Senti Bio's clinical programs, SENTI-202 for AML and SENTI-301A for HCC, are on track for Q2 2024 patient dosing [SENTI-202 for AML](index=1&type=section&id=SENTI-202%20for%20AML) SENTI-202, a first-in-class Logic Gated CAR-NK cell therapy for relapsed/refractory AML, is on track to begin Phase 1 patient dosing in Q2 2024, with initial efficacy data anticipated by year-end 2024. Preclinical data supporting its selective targeting of leukemic cells was published in April 2024 - The Phase 1 clinical trial of SENTI-202 (NCT06325748) for relapsed/refractory AML patients in the U.S. and Australia is on track to initiate patient dosing in Q2 2024[3](index=3&type=chunk) - Initial efficacy data for SENTI-202 is anticipated by year-end 2024, with initial durability data expected in 2025[3](index=3&type=chunk) - Preclinical data published in April 2024 demonstrated SENTI-202's ability to selectively target and eliminate leukemic cells while sparing healthy stem cells[4](index=4&type=chunk) [SENTI-301A for HCC](index=1&type=section&id=SENTI-301A%20for%20HCC) Senti Bio has a strategic collaboration with Celest Therapeutics for the clinical development of SENTI-301A in China. This off-the-shelf CAR-NK cell therapy is designed for GPC3-expressing tumors, including HCC, and Celest expects to dose the first patient in a pilot trial in Q2 2024 - Senti Bio announced a strategic collaboration agreement with Celest Therapeutics (Shanghai) Co. Ltd for the clinical development of SENTI-301A to treat solid tumors in China[5](index=5&type=chunk) - Celest plans to enroll patients through a pilot trial in mainland China and expects to dose the first patient in the second quarter of 2024[5](index=5&type=chunk) - SENTI-301A is a calibrated release (cr) IL-15 multi-armed off-the-shelf investigational CAR-NK cell therapy designed for the treatment of GPC3-expressing tumors, including HCC[5](index=5&type=chunk) [Platform Technology Advancements](index=1&type=section&id=Platform%20Technology%20Advancements) Senti Bio presented novel CAR discovery and synthetic biology advancements at ASGCT 2024, including macrophage polarization control [ASGCT 2024 Presentations](index=1&type=section&id=ASGCT%202024%20Presentations) Senti Bio presented several platform and technology advancements at the American Society of Gene and Cell Therapy (ASGCT) 2024 Annual Meeting. These presentations covered the discovery of novel CARs for solid tumors using its REVEAL platform and progress in controlling macrophage polarization and IMiD-regulated therapeutic payload expression through collaborations - Oral Presentation: Discovery of Novel CARs for Solid Tumors Using Senti REVEAL™, a Massively Parallel Technology Platform (Abstract Number: 330, May 10, 2024)[6](index=6&type=chunk) - Poster Presentation (in collaboration with BlueRock Therapeutics and GeneFab, LLC): Iterative Engineering of Polarization-State Responsive Synthetic Promoters for Autonomous Control of Macrophage Polarization Logic (Abstract Number: 1799, May 10, 2024)[6](index=6&type=chunk) - Poster Presentation (in collaboration with BlueRock Therapeutics and GeneFab, LLC): Engineered IMiD Regulated Synthetic Transcriptional Switch for Controlled and Dose-Responsive Expression of Therapeutic Payload (Abstract Number: 1285, May 9, 2024)[7](index=7&type=chunk) [First Quarter 2024 Financial Results](index=2&type=section&id=First%20Quarter%202024%20Financial%20Results) Senti Bio reported a Q1 2024 net loss of $12.1 million, with increased R&D expenses and decreased G&A expenses [Key Financial Highlights](index=2&type=section&id=Key%20Financial%20Highlights) Senti Bio reported a net loss of $12.1 million for Q1 2024, an improvement from Q1 2023. Research and development expenses increased due to manufacturing costs, while general and administrative expenses decreased primarily due to a reduction in headcount. The company held $23.7 million in cash and cash equivalents as of March 31, 2024 - Cash and cash equivalents as of March 31, 2024, were **$23.7 million**[11](index=11&type=chunk) - Research and development expenses increased to **$8.8 million** for Q1 2024 from **$7.1 million** in Q1 2023, primarily due to manufacturing costs for wholly-owned programs[11](index=11&type=chunk) - General and administrative expenses decreased to **$7.5 million** for Q1 2024 from **$9.2 million** in Q1 2023, mainly due to a reduction in headcount[11](index=11&type=chunk) - Net loss for Q1 2024 was **$12.1 million**, or **$0.26** per basic and diluted share[11](index=11&type=chunk) [Consolidated Balance Sheet Data](index=3&type=section&id=Consolidated%20Balance%20Sheet%20Data) As of March 31, 2024, Senti Bio's total assets were $102.185 million, with cash and cash equivalents decreasing to $23.723 million from $35.926 million at the end of 2023. Total liabilities and stockholders' equity also saw decreases Consolidated Balance Sheet Data (in thousands) | Metric | March 31, 2024 (in thousands) | December 31, 2023 (in thousands) | | :-------------------------------- | :----------------------------- | :----------------------------- | | Cash and cash equivalents | $23,723 | $35,926 | | GeneFab receivable – related party | $17,847 | $17,592 | | GeneFab prepaid expenses – related party | $11,300 | $14,787 | | Restricted cash | $4,028 | $3,522 | | Property and equipment, net | $24,354 | $25,338 | | Operating lease right-of-use assets | $15,797 | $16,274 | | Total assets | $102,185 | $119,484 | | Total liabilities | $46,091 | $52,571 | | Total stockholders' equity | $56,094 | $66,913 | [Consolidated Statements of Operations](index=4&type=section&id=Consolidated%20Statements%20of%20Operations) For the three months ended March 31, 2024, Senti Bio reported no revenue, a loss from operations of $16.301 million, and a net loss of $12.111 million. This represents a significant improvement in net loss compared to Q1 2023, primarily due to higher other income and the absence of discontinued operations loss Consolidated Statements of Operations (in thousands) | Metric | Three Months Ended March 31, 2024 (in thousands) | Three Months Ended March 31, 2023 (in thousands) | | :---------------------------------------------------------------- | :--------------------------------------------- | :--------------------------------------------- | | Total revenue | $— | $1,286 | | Research and development expenses | $8,779 | $7,059 | | General and administrative expenses | $7,522 | $9,191 | | Total operating expenses | $16,301 | $16,250 | | Loss from operations | $(16,301) | $(14,964) | | Total other income, net | $4,190 | $1,112 | | Net loss from continuing operations | $(12,111) | $(13,852) | | Net loss from discontinued operations | $— | $(4,870) | | Net loss | $(12,111) | $(18,722) | | Net loss per share, basic and diluted | $(0.26) | $(0.42) | | Weighted-average shares outstanding, basic and diluted | 45,708,601 | 44,070,974 | [Forward-Looking Statements & Disclosures](index=2&type=section&id=Forward-Looking%20Statements%20%26%20Disclosures) This section outlines Senti Bio's forward-looking statements, subject to risks and uncertainties, and advises investors to review SEC filings [Forward-Looking Statements](index=2&type=section&id=Forward-Looking%20Statements) This section outlines Senti Bio's forward-looking statements regarding future events, including clinical trial timing, growth strategy, and collaborations. These statements are based on current expectations and assumptions but are subject to various risks and uncertainties that could cause actual results to differ materially. The company does not commit to publicly update these statements - Forward-looking statements include expectations regarding growth, strategy, progress and timing of clinical trials (patient dosing, data availability), ability to initiate new clinical programs, and the potential benefits of its platform technology and collaborations[10](index=10&type=chunk) - These statements are subject to risks and uncertainties, including changes in business conditions, regulatory landscape, ability to implement business plans, clinical trial uncertainties, dependence on third parties, macroeconomic events, and R&D success[12](index=12&type=chunk) - Investors are advised to carefully consider factors and risks described in Senti Bio's Annual Report on Form 10-K and other SEC filings[12](index=12&type=chunk) [Availability of Other Information](index=3&type=section&id=Availability%20of%20Other%20Information) Senti Bio encourages investors, the media, and the public to regularly review information posted on its company website, Twitter, and LinkedIn, as these platforms are used for material disclosures and investor communications - Senti Bio communicates with investors and the public via its company website (www.sentibio.com), Twitter (@SentiBio), and LinkedIn (Senti Biosciences)[13](index=13&type=chunk) - Information posted on these platforms, including company disclosures, investor presentations, SEC filings, and press releases, could be deemed material information[13](index=13&type=chunk)
Senti Biosciences(SNTI) - 2023 Q4 - Annual Report
2024-03-21 20:53
Table of Contents 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, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period from _______ to _______ Commission File Number 001-40440 _________________________ Senti Biosciences, Inc. (Exact name of registrant as specified in it ...
Senti Biosciences(SNTI) - 2023 Q4 - Annual Results
2024-03-21 20:10
[Recent Highlights and Strategic Focus](index=1&type=section&id=Recent%20Highlights%20and%20Strategic%20Focus) Senti Bio achieved Q4 2023 milestones, including FDA IND clearance for SENTI-202 and strategic partnerships [Corporate Updates](index=1&type=section&id=CORPORATE%20UPDATES) Senti Bio streamlined operations, prioritizing key clinical programs and extending cash runway - **Prioritization of clinical programs**: Streamlining business operations to focus on SENTI-202 (AML in U.S.) and SENTI-301A (HCC in China via Celest partnership)[3](index=3&type=chunk) - **Resource allocation**: Scaling back all other research and development initiatives while continuing support for ongoing partnerships with Spark Therapeutics and BlueRock Therapeutics[3](index=3&type=chunk) - **Cash runway extension**: Expected to fund operations into the first quarter of 2025 due to resource allocation and anticipated receivables from the GeneFab transaction[1](index=1&type=chunk)[3](index=3&type=chunk) [Pipeline Highlights](index=1&type=section&id=PIPELINE%20HIGHLIGHTS) Updates on key clinical programs SENTI-202 (AML) and SENTI-301A (HCC), detailing regulatory clearances and milestones [SENTI-202 for AML](index=1&type=section&id=SENTI-202%20for%20AML) The U.S. FDA cleared the IND for SENTI-202, a logic-gated CAR-NK cell therapy for relapsed/refractory AML - **IND Clearance**: U.S. FDA cleared the IND application for SENTI-202 in December 2023[1](index=1&type=chunk)[4](index=4&type=chunk) - **Clinical Trial Focus**: Phase 1 trial will focus on relapsed/refractory AML patients in the U.S. and Australia[4](index=4&type=chunk) - **Anticipated Milestones**[4](index=4&type=chunk) - First patient dosed: Second quarter of 2024[4](index=4&type=chunk) - Initial efficacy data: By year-end 2024[4](index=4&type=chunk) - Initial durability data: In 2025[4](index=4&type=chunk) [SENTI-301A for HCC](index=1&type=section&id=SENTI-301A%20for%20HCC) Senti Bio partnered with Celest Therapeutics for SENTI-301A's clinical development in China, targeting HCC - **Strategic Collaboration**: Agreement with Celest Therapeutics (China-based) for clinical development of SENTI-301A in China, announced November 2023[2](index=2&type=chunk)[4](index=4&type=chunk) - **Trial Plans**: Celest plans to enroll patients through a pilot trial in mainland China, with the first patient dosing anticipated in the second quarter of 2024[4](index=4&type=chunk) - **Therapy Description**: SENTI-301A is a calibrated release (cr) IL-15 multi-armed off-the-shelf CAR-NK cell therapy designed for GPC3-expressing tumors, including HCC[4](index=4&type=chunk) [Fourth Quarter and Full Year 2023 Financial Results](index=2&type=section&id=Fourth%20Quarter%20and%20Full%20Year%202023%20Financial%20Results) Senti Bio reported Q4 and FY2023 financial results, showing decreased cash, increased R&D, and a higher net loss [Key Financial Highlights](index=2&type=section&id=Key%20Financial%20Highlights) As of December 31, 2023, Senti Bio held $35.9 million in cash, with increased R&D expenses and a $71.1 million net loss for FY2023 Cash, Cash Equivalents & Short-term Investments | Metric | As of Dec 31, 2023 | As of Dec 31, 2022 | | :-------------------------------- | :------------------- | :------------------- | | Cash, Cash Equivalents & Short-term Investments | $35.9 million | $98.6 million | | GeneFab receivable | $18.9 million | N/A | R&D and G&A Expenses (in millions) | Expense Category | Q4 2023 (in millions) | Q4 2022 (in millions) | FY 2023 (in millions) | FY 2022 (in millions) | | :----------------- | :-------------------- | :-------------------- | :-------------------- | :-------------------- | | R&D Expenses | $9.1 | $7.0 | $32.2 | $28.1 | | G&A Expenses | $9.3 | $9.8 | $37.2 | $38.2 | Net Loss (in millions) | Metric | Q4 2023 | Q4 2022 | FY 2023 | FY 2022 | | :-------------------------------- | :------ | :------ | :------ | :------ | | Net Loss (in millions) | $(18.7) | $(18.2) | $(71.1) | $(58.2) | | Net Loss per Share (basic & diluted) | $(0.42) | $(0.42) | $(1.60) | $(2.23) | - Net loss for FY 2023 included a non-recurring $12.3 million gain from discontinued operations and a non-recurring $25.7 million impairment for leasehold improvements, both related to the GeneFab transaction[8](index=8&type=chunk) [Unaudited Selected Consolidated Balance Sheet Data](index=4&type=section&id=Unaudited%20Selected%20Consolidated%20Balance%20Sheet%20Data) The balance sheet shows a decrease in total assets and stockholders' equity from 2022 to 2023, with new GeneFab-related items Balance Sheet Data (in thousands) | Item | December 31, 2023 (in thousands) | December 31, 2022 (in thousands) | | :-------------------------------- | :------------------------------- | :------------------------------- | | Cash and cash equivalents | $35,926 | $57,621 | | Short-term investments | — | $40,942 | | GeneFab receivable – related party | $17,592 | — | | GeneFab prepaid expenses – related party | $14,787 | — | | Restricted cash | $3,522 | $3,366 | | Property and equipment, net | $25,338 | $51,361 | | Operating lease right-of-use assets | $16,274 | $18,418 | | Total assets | $119,484 | $180,792 | | Total liabilities | $52,571 | $53,529 | | Total stockholders' equity (deficit) | $66,913 | $127,263 | [Unaudited Consolidated Statements of Operations](index=4&type=section&id=Unaudited%20Consolidated%20Statements%20of%20Operations) Consolidated statements show increased total operating expenses and a higher net loss in 2023, despite a gain from discontinued operations Consolidated Statements of Operations (in thousands) | Item | Three Months Ended Dec 31, 2023 (in thousands) | Three Months Ended Dec 31, 2022 (in thousands) | Year Ended Dec 31, 2023 (in thousands) | Year Ended Dec 31, 2022 (in thousands) | | :-------------------------------- | :--------------------------------------------- | :--------------------------------------------- | :------------------------------------- | :------------------------------------- | | Total revenue | $— | $59 | $2,561 | $4,286 | | Research and development | $9,122 | $7,037 | $32,150 | $28,145 | | General and administrative | $9,305 | $9,816 | $37,176 | $38,225 | | Impairment of long-lived assets | $271 | — | $25,962 | — | | Total operating expenses | $18,698 | $16,853 | $95,288 | $66,370 | | Loss from operations | $(18,698) | $(16,794) | $(92,727) | $(62,084) | | Net loss from continuing operations | $(18,688) | $(14,988) | $(83,406) | $(49,665) | | Net income (loss) from discontinued operations | $(28) | $(3,222) | $12,348 | $(8,545) | | Net loss | $(18,716) | $(18,210) | $(71,058) | $(58,210) | | Net loss per share, basic and diluted | $(0.42) | $(0.42) | $(1.60) | $(2.23) | [About Senti Bio](index=2&type=section&id=About%20Senti%20Bio) Senti Biosciences develops next-generation cell and gene therapies using its Gene Circuit platform for oncology and other diseases - **Mission**: Developing a new generation of cell and gene therapies for patients with incurable diseases[6](index=6&type=chunk) - **Technology Platform**: Leverages a synthetic biology platform called Gene Circuits to create therapies with enhanced precision and control[6](index=6&type=chunk) - **Pipeline Focus**: Wholly-owned pipeline utilizes off-the-shelf chimeric antigen receptor natural killer (CAR-NK) cells, outfitted with Gene Circuits, to target challenging liquid and solid tumor indications[6](index=6&type=chunk) - **Partnerships**: Preclinically demonstrated breadth of Gene Circuits in other modalities and diseases outside of oncology, advancing capabilities through collaborations with Spark Therapeutics and BlueRock Therapeutics[2](index=2&type=chunk)[3](index=3&type=chunk)[6](index=6&type=chunk) [Forward-Looking Statements](index=2&type=section&id=Forward-Looking%20Statements) This section outlines Senti Bio's future expectations, subject to risks like market conditions, regulatory changes, and clinical trial outcomes - **Nature of Statements**: Identified by words like "expect," "anticipate," "will," and similar expressions