Editas Medicine

Editas Medicine

Develops gene editing treatments using CRISPR

About Editas Medicine

Simplify's Rating
Why Editas Medicine is rated
B-
Rated B on Competitive Edge
Rated A on Growth Potential
Rated D+ on Rating Differentiation

Industries

Biotechnology

Company Size

201-500

Company Stage

IPO

Total Funding

$321M

Headquarters

Cambridge, Massachusetts

Founded

2013

Overview

Editas Medicine focuses on gene editing using CRISPR technology, which allows for precise modifications to DNA in cells. This technique has the potential to correct genetic defects that lead to various diseases. The company is engaged in the entire process of drug development, from discovering new treatments to manufacturing and selling them. Editas Medicine aims to create long-lasting therapies that can greatly enhance the quality of life for patients suffering from serious illnesses. Unlike many competitors, Editas has a strong emphasis on developing a wide range of experimental medicines and actively shares clinical data with the public. Their goal is to provide effective treatments for patients worldwide while also exploring partnerships to expand their reach and capabilities.

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Simplify's Take

What believers are saying

  • Collaboration with Genevant Sciences could enhance targeted delivery systems for gene therapies.
  • $50 million financing with DRI Healthcare Trust supports pipeline advancement and in-vivo programs.
  • Promising EDIT-101 trial results highlight potential to address genetic blindness.

What critics are saying

  • 65% workforce reduction may lead to operational challenges and development delays.
  • Pivot to in-vivo gene editing increases dependency on new research direction's success.
  • Reliance on external partnerships like Genevant Sciences may pose collaboration risks.

What makes Editas Medicine unique

  • Editas Medicine leverages CRISPR technology for precise gene editing therapeutics.
  • The company focuses on in-vivo gene editing, targeting stem cells and the liver.
  • Editas has substantial patent filings and access to foundational genome editing technologies.

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Funding

Total Funding

$321M

Above

Industry Average

Funded Over

5 Rounds

Post IPO Equity funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Equity Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Health Savings Account/Flexible Spending Account

Tuition Reimbursement

401(k) Retirement Plan

401(k) Company Match

Employee Stock Purchase Plan

Employee Assistance Plan

Wellness Program

Unlimited Paid Time Off

Growth & Insights and Company News

Headcount

6 month growth

2%

1 year growth

3%

2 year growth

1%
The Economic Times
Dec 14th, 2024
Editas Medicine to reduce about 65% of its workforce over the next six months

Editas is shifting focus to developing in-vivo treatments that edit stem cells inside the human body after recent pre-clinical data showed promise in blood-forming stem cells and the liver, and plans to share data and development timelines in the first quarter of 2025.

BioPharma Dive
Dec 12th, 2024
Editas to lay off staff after search for sickle cell partner comes up empty

Editas Medicine will lay off 180 employees, or about two-thirds of its workforce, over the next six months as part of a broader pivot to focus its drug research on "in vivo" gene editing, the biotechnology company said Thursday.

World Pharmaceuticals
Oct 22nd, 2024
Editas, Genevant partner to develop novel gene editing therapeutics

US-based biotech firms Editas Medicine and Genevant Sciences have teamed up to develop in-vivogene editing medicines directed to two undisclosed targets in Editas' upregulation strategy.

GlobeNewswire
Oct 21st, 2024
Editas Medicine and Genevant Sciences to Collaborate to Develop Novel mRNA-LNP Gene Editing Therapeutics

Editas Medicine and Genevant Sciences to collaborate to develop novel mrna-lnp gene editing therapeutics.

BioSpace
Oct 4th, 2024
Editas Medicine Announces $50+ Million Monetization Financing with DRI Healthcare Trust

Editas Medicine announces $50+ million monetization financing with DRI Healthcare Trust.

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