Precision BioSciences

Company Snapshot

Founded: 2006
Entity Type: Public
Employees: 109
Region: U.S.
Revenue: $48.7 Millions
Revenue Year: 2023
Headquarter: U.S.
Key Geographics: U.S.
Corporate Address: 302 East Pettigrew St. Durham, North Carolina 27701 U.S. Tel: +1-919-314-5512 Web: www.precisionbiosciences.com

Company Overview

Precision Bio Sciences is a genome editing company located in Durham, N.C. The company is to translate the powerful genome editing technology into greatly needed products throughout the life sciences. Precision Biosciences is an advanced gene editing company leveraging its unique proprietary ARCUS platform to create in vivo gene editing therapies for complex gene modifications, including gene elimination, insertion, and excision. ARCUS stands out as the sole gene editor exclusively derived from a protein known as a homing endonuclease, which evolved naturally to edit genomes and add functionality safely. ARCUS excels in achieving precise outcomes due to its predominant use of homology-directed repair (HDR) rather than non-homologous end joining (NHEJ).

The company developed ARCUS, a proprietary genome editing technology platform. ARCUS is based on I-CreI, a naturally occurring genome editing enzyme, which belongs to mega nucleases family. Precision’s pipeline includes multiple allogeneic CAR-T immunotherapies in early-stage and a few in vivo gene editing products in late-stage preclinical development. The company expects to submit the IND for PBGENE-HBV (Elimination) and or CTA in 2024.

Financial Highlights (FY 2023)

Net Revenue: ***
Total Current Liabilities: ***
Total Current Assets: ***
R&D expenses: ***
Operating Income: ***

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Precision BioSciences In Reports

Gene Editing Therapeutics Market

BCC Research Market Analyst says gene editing therapeutics market is estimated to be $11 million in 2024 and is forecasted to grow at a CAGR of 147% to reach a value of $1.0 billion by end of 2029.

CRISPR Technology: Global Markets

Global CRISPR Technology market reached $3.3 billion in 2022 and should reach $9.2 billion by 2027, with a CAGR of 22.3% during the forecast period of 2022-27.

Genome Editing: Technologies and Global Markets

Global genome editing market should reach $12.8 billion by 2027 from $4.3 billion in 2022 at a CAGR of 24.7% for the forecast period of 2022-27.

Company's Business Segments

  • Gene Editing : This segement helps in making highly specific changes in a DNA sequence of a living organism.

Applications/End User Industries

  • Biopharmaceutical Industry