Full-Time

Senior Director, Business Development

Business Development

Updated on 9/4/2026

Sana Biotechnology

Sana Biotechnology

201-500 employees

Develops engineered cell therapies for diseases

Compensation Overview

$250k - $315k/yr

Cambridge, MA, USA

In Person

Bachelor's, MBA, PhD, JD, MD

Category
Business & Strategy (1)
Required Skills
Financial analysis
Financial Modeling

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Requirements
  • 7+ years of experience in biotech/life sciences business development, specifically in technology licensing or tech transfer; however, an alternate combination of education and experience will be considered in exchange for a specific degree.
  • Deep understanding of the scientific, clinical, regulatory, and commercial dynamics relevant to therapeutic development.
  • Proven track record of successfully negotiating and closing complex transactions, demonstrating strong strategic judgment, financial and transactional acumen, and cross-functional leadership.
  • Ability to engage effectively with internal senior leadership and external stakeholders with a track record of operating with executive-level visibility and confidentiality.
Responsibilities
  • Lead or play a central role in the execution of business development transactions, including: in-licensing and out-licensing, co-development and co-commercialization agreements, research collaborations & platform partnerships, option-based deals, key supply agreements, geographic licensing arrangements, and joint ventures or other structured transactions.
  • Coordinate cross-functional diligence processes involving R&D, technical operations/CMC, clinical, regulatory, legal, IP, finance, commercial, and executive leadership.
  • Develop business cases, valuation frameworks, competitive assessments, and transaction rationale to support internal decision-making.
  • Structure, negotiate, and finalize term sheets, letters of intent, confidentiality agreements, and definitive agreements in collaboration with legal and executive leadership.
  • Support preparation of presentations and recommendations for senior management, executive committees, and the Board of Directors.
  • Build and maintain strong relationships with biotechnology peers, pharmaceutical companies and academic institutions.
  • Serve as a key point of contact for existing and prospective partners, representing the company with professionalism, credibility, and strategic insight.
  • Support alliance transition and post-signing governance as needed to help ensure successful execution of strategic collaborations.
  • Partner closely with internal leaders across research, development, manufacturing, commercial, finance, legal, intellectual property, investor relations, and corporate strategy.
  • Help drive internal alignment on external opportunities by synthesizing complex scientific, clinical, strategic, operational, and financial considerations.
  • Contribute to broader corporate planning efforts, including portfolio prioritization discussions, long range planning and strategic reviews.
  • Develop financial frameworks to properly analyze potential transactions.
Desired Qualifications
  • Advanced degree (MD, PhD, MBA, or JD).
  • Experience in a public company environment.

Sana Biotechnology researches and develops engineered cells to treat and potentially cure diseases by changing genes inside cells or replacing damaged cells. Its products are cellular therapies that work by repairing, controlling, or replacing cells to address the root causes of disease. The company mainly earns money through R&D partnerships, licensing deals, and collaborations with pharmaceutical companies, with additional potential revenue from direct sales of approved therapies to healthcare providers. Sana differentiates itself by focusing on cellular and genetic medicine to create treatments that target diseases at their genetic and cellular roots, combining deep scientific research with strategic collaborations. The overall goal is to advance new medicines that improve patient outcomes by correcting underlying biological problems.

Company Size

201-500

Company Stage

IPO

Headquarters

Seattle, Washington

Founded

2018

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Simplify Jobs

Simplify's Take

What believers are saying

  • July 2026 NEJM publication validated UP421 durability and boosted SC451's clinical credibility.
  • August 2026 cash reached $160.5 million after Mayo Clinic and ATM financing.
  • May 2026 SG293 primate data showed deep B-cell depletion and dose-dependent CAR-T generation.

What critics are saying

  • Sana burned $70.2 million operating cash in first-half 2026, funding a mid-2027 runway.
  • SC451 and SG293 remain unproven in humans; one patient and preclinical NHP data do not de-risk them.
  • If SC451 or SG293 fail 2026-2027 readouts, Sana's $2.0 billion deficit crushes financing leverage.

What makes Sana Biotechnology unique

  • Sana's HIP platform cloaks transplanted cells from rejection; UP421 survived 14 months without immunosuppression.
  • SC451 uses stem-cell-derived islets, aiming to scale the same immune-evasion strategy beyond donors.
  • SG293 targets CD19 in vivo, promising CAR-T generation without lymphodepleting chemotherapy.

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Benefits

Health Insurance

Paid Vacation

Paid Sick Leave

Paid Holidays

Disability Insurance

Life Insurance

401(k) Retirement Plan

401(k) Company Match

Tuition Reimbursement

Student Loan Assistance

Employee Stock Purchase Plan

Commuter Benefits

Growth & Insights and Company News

Headcount

6 month growth

1%

1 year growth

-2%

2 year growth

0%
Portfolio Armor
Aug 18th, 2026
Trade alert: an immune cloak and an Alzheimer's beachhead.

Trade alert: an immune cloak and an Alzheimer's beachhead. Bullish options trades on Sana Biotechnology and an emerging commercial-stage neuroscience company. Aug 18, 2026 When transplanted cells stop looking foreign. Last summer, in Chasing A Cure For T1 Diabetes, Portfolio Armor looked at Sana Biotechnology's (SANA -1.23% |) attempt to solve the hardest problem in cell replacement: keeping a patient's immune system from destroying transplanted cells. July 12, 2025 Since then, the evidence has matured from a striking six-month readout to a peer-reviewed 14-month result. In one patient with Type 1 diabetes, implanted donor islet cells were still producing insulin and responding to meals, without immunosuppressive drugs and without evidence of an immune response against the graft. That's the first-in-human proof of concept Sana needed for its immune-cloaking technology. Importantly, the patient wasn't taken off insulin. The initial NEJM report says his exogenous insulin dose was increased after transplantation to prevent glucose spikes from stressing the fresh graft. The safety study deliberately implanted only a small fraction of the islet-cell dose normally needed for insulin independence and wasn't intended to reduce his insulin use. So this isn't a cure - not even a one-patient functional cure. UP421 established that edited primary donor islets could survive and function without immunosuppression. Sana's scalable development candidate, SC451, uses stem-cell-derived islets and still has to prove that a therapeutic dose can restore normal glucose control in a formal clinical trial.E The mechanism is the reason the result matters. Sana's hypoimmune, or HIP, edits remove key HLA class I and II signals that would flag donor cells to the adaptive immune system, then add CD47 - a "don't eat me" signal - to dampen attack by the innate immune system. The resulting immune cloak can let transplanted cells survive and function without chronic immunosuppression. The next checkpoints are close enough to fit the trade. Sana is scheduled to present additional UP421 data at the European Association for the Study of Diabetes meeting on October 2nd. The company also expects to submit an IND and begin a Phase 1/2 trial of SC451 as early as this year, and it expects first-in-human data from its SG293 in-vivo CAR-T program as early as this year. Management expects the next six to nine months to provide an initial view of the clinical profiles of both programs. The larger opportunity isn't confined to diabetes. If the HIP platform can reliably cloak donor cells, the same logic could extend to other replacement cells and tissues, with potential applications in cancer, autoimmune disease, neurologic disease and, eventually, organ transplantation. The risks are equally real: the human evidence remains narrow, the scalable product is unproven and Sana's cash runway currently extends only into mid-2027.E A familiar signal, A second swing. Multibaggers is its source-of-alpha category for ideas from outside analysts whose records Portfolio Armor track and who have had multiple, recent, 100%+ gainers. Its most accurate biotech analyst in that group so far is bullish on Sana too. That matters because recent ideas from the same source have produced some exceptional outcomes, including 10x Genomics (TXG). The completed TXG trade is a useful reminder of why Portfolio Armor preserve uncapped upside when a thesis warrants it: The same analyst is bullish on a second name: an early commercial-stage neuroscience company trying to build an Alzheimer's franchise through a focused institutional-care launch. Its latest quarter showed sharply accelerating prescriptions and revenue, while expanding payer access, additional real-world evidence and overseas approvals create several ways for the story to improve. The counterweight is that its early real-world evidence is observational, the therapy isn't disease-modifying and commercial execution still has to outrun cash burn. The two structures reflect those different roadmaps. Sana gets a long-dated risk reversal with uncapped upside through January 2028. The second trade uses a February 2027 hybrid, partly financed by selling unusually expensive November call premium. Paid subscribers will find the exact legs, model values, maximum entry prices and exit plans below. Today's first Multibaggers trade. Immune-cloaked cell therapy / Type 1 diabetes and broader transplantation theme. RSI: 58; Chartmill Technical Rating: 8; Setup Rating: 6; Fundamental Rating: 2.

MarketBeat
Aug 14th, 2026
Sana Biotechnology (NASDAQ:SANA) shares down 5.3% - should you Sell?

Sana Biotechnology (NASDAQ:SANA) shares down 5.3% - should you Sell? August 14, 2026 Key points. * Sana Biotechnology shares fell 5.3% to about $3.48, with trading volume significantly below its average. The stock has a beta of 2.16 and remains near its 50- and 200-day moving averages. * Analyst sentiment is generally positive but mixed: seven analysts rate the stock a Buy, while one rates it Hold and one Sell. The average price target is $9.50, well above the current price, though recent coverage included a downgrade to Sell. * Sana reported a quarterly loss of $0.13 per share, beating the expected loss of $0.15, but analysts forecast a full-year loss of $0.56 per share. Institutional investors own 88.23% of the company, while Sana continues developing engineered-cell therapies for cancer and genetic diseases. * Five stocks we like better than Sana Biotechnology. Shares of Sana Biotechnology, Inc. (NASDAQ:SANA - Get Free Report) fell 5.3% on Friday. The company traded as low as $3.48 and last traded at $3.4750. Approximately 978,713 shares were traded during trading, a decline of 69% from the average daily volume of 3,114,402 shares. The stock had previously closed at $3.67. Analyst Ratings changes. Several research analysts have recently issued reports on SANA shares. Rodman & Renshaw began coverage on Sana Biotechnology in a research report on Monday, May 11th. They issued a "buy" rating and a $16.00 target price for the company. Wall Street Zen lowered Sana Biotechnology from a "hold" rating to a "sell" rating in a research report on Monday, July 20th. Finally, Weiss Ratings raised Sana Biotechnology from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Thursday, July 23rd. Seven equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $9.50. Sana Biotechnology price performance. The firm has a market cap of $1.03 billion, a P/E ratio of -4.52 and a beta of 2.16. The firm's 50 day moving average is $3.35 and its 200 day moving average is $3.45. Sana Biotechnology (NASDAQ:SANA - Get Free Report) last released its earnings results on Tuesday, August 11th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.02. As a group, analysts expect that Sana Biotechnology, Inc. will post -0.56 EPS for the current year. Institutional inflows and outflows. A number of large investors have recently added to or reduced their stakes in SANA. Rockefeller Capital Management L.P. grew its stake in shares of Sana Biotechnology by 74.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 9,588 shares of the company's stock worth $39,000 after acquiring an additional 4,088 shares during the last quarter. LRI Investments LLC purchased a new position in shares of Sana Biotechnology in the 4th quarter worth about $41,000. Walleye Capital LLC bought a new position in Sana Biotechnology in the 2nd quarter worth about $35,000. Jacobi Capital Management LLC bought a new position in Sana Biotechnology in the 4th quarter worth about $41,000. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in Sana Biotechnology during the 3rd quarter valued at about $36,000. Hedge funds and other institutional investors own 88.23% of the company's stock. Sana Biotechnology company profile. Sana Biotechnology is a clinical-stage biopharmaceutical company focused on the development of engineered cells as medicines with the goal of treating a broad range of diseases. The company applies advanced gene editing and gene delivery technologies to create next-generation cell therapy products for oncology, genetic disorders and other serious diseases. By leveraging both ex vivo and in vivo approaches, Sana aims to repair or replace damaged cells and restore healthy tissue function. Discover more Stock market news Company Earnings The company's core platform integrates proprietary gene writing capabilities alongside established gene editing tools such as CRISPR-Cas9. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Continue following MarketBeat Before you consider Sana Biotechnology, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sana Biotechnology wasn't on the list. While Sana Biotechnology currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. Robotics and automation are rapidly becoming essential infrastructure across healthcare, manufacturing, logistics, and many other industries. "Physical AI" is coming to the United States, and there are four ways that investors can gain exposure to this new robotics revolution. Plus, learn which seven companies are most positioned to benefit as intelligent robots enter the workforce.

TrialSite News
Jul 14th, 2026
Gene-Edited islet cells produce insulin beyond 14 months less immunosuppression: milestone raises bigger questions.

Gene-Edited islet cells produce insulin beyond 14 months less immunosuppression: milestone raises bigger questions. Listen ~2 min TrialSite Staff | Making Biomedical Research Evidence Accessible to All Jul. 14, 2026, 9:00 a.m. A first-in-human study at Uppsala University Hospital, led by principal investigator Per-Ola Carlsson, reports that gene-edited donor islet cells continue producing insulin more than 14 months after transplantation in a patient with longstanding type 1 diabetes (T1D) - without chronic immunosuppressive drugs. The findings, now detailed in the New England Journal of Medicine, represent one of the strongest clinical demonstrations to date that genetically engineered "hypoimmune" cells may evade immune rejection while remaining functional. The study findings. The investigator-sponsored Phase 1 study enrolled a single adult with T1D who received genetically modified deceased-donor pancreatic islets transplanted into the forearm muscle. Only about 5% of the islet mass typically required to restore insulin production was implanted, emphasizing that the trial's primary objective was safety and proof of concept rather than insulin independence. After 60 weeks, investigators reported no serious treatment-related adverse events, persistent glucose-responsive C-peptide production, no detectable immune rejection, and imaging evidence that the transplanted cells remain viable. The investigational therapy. The technology originates from Sana Biotechnology (NASDAQ: SANA), a Seattle-based biotechnology company developing engineered cell therapies designed to evade immune detection. Sana now plans to advance SC451, a stem cell-derived, hypoimmune islet therapy intended to provide a scalable, one-time treatment for T1D without lifelong immunosuppression. Early stages. The implications are significant - but so are the unanswered questions. Can immune evasion remain durable for years? Will larger doses restore insulin independence? Could engineered hypoimmune cells increase long-term infection or malignancy risks? And perhaps most importantly, can this highly personalized proof-of-concept be manufactured consistently at commercial scale while satisfying increasingly rigorous regulatory standards? Quality journalism costs money to produce. Subscription options start at $5 per month which is less than a Starbucks coffee!

Breakthrough T1D
Jul 13th, 2026
New publication: Sana's gene-edited islets continue to make insulin.

New publication: Sana's gene-edited islets continue to make insulin. July 13, 2026 Read more in: What's happening? A new publication in The New England Journal of Medicine provides more detail about the first person with type 1 diabetes (T1D) treated with Sana Biotechnology's gene-edited islets. This person is still making insulin 14+ months after their islet transplant - without immunosuppressants! What to know about Sana's gene-edited islets. Sana's novel cell therapy approach is designed to help transplanted islet cells evade immune attack while continuing to produce insulin. The strategy uses gene editing to create hypoimmune islet cells, which are cells engineered to avoid detection by the immune system while maintaining their insulin-producing function. This approach is one of several next-generation cell therapy strategies being prioritized by Breakthrough T1D to help overcome one of the biggest barriers to cell replacement therapies: immune rejection. In this first-in-human study, deceased-donor islets were genetically modified to become immune-evasive and then transplanted into the forearm. Because this is a phase 1 trial, the primary goal is to assess safety, while also monitoring islet function through C-peptide, a marker of the body's own insulin production. Importantly, the transplant included only about 5% of the number of cells typically needed to fully restore insulin production, reflecting the exploratory nature of the study. The results so far. The results so far are encouraging. After 60 weeks, there have been no severe adverse events, meeting the trial's primary safety endpoint. At 14 months after transplantation, the participant continued to produce detectable C-peptide, indicating that the transplanted cells remained alive and functional. The islet cells were also visible in the participant through PET and MRI imaging. Researchers also observed that C-peptide levels temporarily declined after about one year, likely due to beta cell exhaustion, but subsequently recovered. This is an encouraging signal that the transplanted cells may be capable of regaining function. Importantly, the participant had no detectable immune response to the transplanted islet cells. While the levels of T1D autoantibodies remained unchanged, this had no impact on the survival and function of the gene-edited islets. What's coming next. While still very early, these findings provide important proof of concept that gene-edited, immune-evasive islet cells can survive and function in a person with T1D. If confirmed in larger studies, this approach could help move the field closer to cell therapies that work without long-term immune suppression - a major goal for the future of T1D cures. Excitingly, Sana plans to translate their hypoimmune gene-editing technology to manufactured islets in a new clinical trial, meaning that they are combining their unique immune protection strategy with a scalable approach. This is in line with its Project ACT initiative, which aims to dramatically speed development, access, and adoption of islet cell therapies for everyone with T1D who wants them. Project ACT Scientific progress takes time, resources, collaborations, and effort. To get islet cell therapies to people with T1D faster than ever, Breakthrough T1D launched Project ACT (Accelerate Cell Therapies) to simultaneously advance research, development, regulatory policies, access, and adoption of islet cell therapies that do not require broad immunosuppression. Driving research into T1D Cell Therapies. Sana is a portfolio company of the T1D Fund: A Breakthrough T1D Venture. Through equity investments, Juvenile Diabetes Research Foundation International Inc. has helped Sana grow their T1D pipeline, leading to their gene-edited islet cell therapy being investigated in human clinical trials. Even more, the T1D Fund recently invested in Century Therapeutics, another company developing manufactured islet cell therapies with immune-evasive capabilities. Juvenile Diabetes Research Foundation International Inc. will continue to work closely with Sana and other promising companies to support their product development and accelerate scalable islet cell therapy approaches that do not require immunosuppression.

Longevity.Technology
Jul 8th, 2026
Sana Biotech heads to EASD with diabetes cell therapy update.

Sana Biotech heads to EASD with diabetes cell therapy update. Company to spotlight clinical progress on immune-evasive cell therapy that could reshape regenerative medicine for type 1 diabetes. What if the biggest breakthrough in treating type 1 diabetes isn't replacing the cells that make insulin but convincing the body to simply leave them alone? For many people living with type 1 diabetes (T1D), replacing lost insulin-producing cells has always sounded like the obvious answer. The problem is that the immune system often sees those new cells as intruders and destroys them, forcing transplant recipients onto lifelong immunosuppressive drugs. For some patients, that trade-off can feel almost as burdensome as managing diabetes itself. That is why Sana Biotechnology's upcoming appearance at the European Association for the Study of Diabetes (EASD) Annual Meeting 2026 deserves attention. The company will present clinical findings from its first-in-human study of UP421, an experimental cell therapy designed to keep transplanted insulin-producing cells "hidden" from the immune system - without requiring immunosuppression [1]. Teaching transplanted cells to wear a disguise. Imagine trying to introduce a new player onto a sports team while the referees insist they don't belong. No matter how talented they are, they'll be sent off the field before they can contribute. That is essentially what happens after most cell transplants. The body's immune system is remarkably good at identifying anything it considers foreign. It protects First Longevity Ltd. from viruses and bacteria, but it also attacks transplanted cells, even when those cells could restore lost function. Sana's Hypoimmune Platform (HIP) attempts to solve this by giving donor cells what amounts to a biological disguise. Instead of suppressing the patient's immune system, the company engineers the transplanted cells themselves to become far less visible to immune attack. The approach flips decades of transplant medicine on its head. Rather than weakening the body's defenses, it teaches replacement cells how to coexist with them. The EASD presentation builds on results Sana shared earlier this year from the same first-in-human study. After 14 months, researchers reported that the transplanted insulin-producing cells were still alive, continued producing insulin and showed no safety concerns - all without immunosuppressive medication [2]. Those findings matter because the study was never designed to prove that patients could stop taking insulin altogether. Instead, it asked a more fundamental question: can engineered donor cells survive inside the body without being rejected? So far, the answer appears encouraging. Researchers also observed something more subtle. Between months 12 and 14, the participant achieved tighter blood glucose control. As glucose levels improved, the transplanted cells responded by producing more insulin, as measured by C-peptide, a marker of endogenous insulin production. Think of it like a thermostat responding to the temperature in a room. Healthy pancreatic cells constantly adjust to what the body needs. Seeing transplanted cells respond dynamically hints that they may be behaving more like living tissue than static implants. That distinction could prove just as important as their survival. An unexpected address for new pancreatic cells. Perhaps the most surprising aspect of the study is where these cells are living. Traditional islet cell transplants are typically infused into the liver through the portal vein, a technically demanding procedure requiring specialized expertise. Sana's investigators instead transplanted the engineered cells into a forearm muscle. More than a year later, imaging continued to detect the transplanted cells at the site. It is still early, and no one is suggesting that forearm transplantation will immediately replace existing procedures. However, the idea raises intriguing possibilities. If future studies confirm similar results at larger scales, localized implantation could eventually become a simpler and potentially more accessible way to deliver regenerative therapies. Sometimes innovation is not only about changing the treatment, but changing where and how it's delivered. Beyond one disease. The announcement itself is modest: Sana will present its findings during a symposium titled Stem cell-derived islets in clinical trials: towards a cure for type 1 diabetes at EASD in Milan on October 2. Yet the implications extend well beyond diabetes. The same immune rejection that complicates islet transplantation also limits efforts to replace damaged cells in numerous diseases. If engineered cells can reliably avoid immune attack without compromising the patient's own immune defenses, the technology could become a platform for regenerative medicine rather than a solution for a single condition. That is also why Sana is developing SC451, a stem cell-derived therapy that applies the same immune-evasion technology with the goal of making treatment more scalable in future clinical trials. For longevity researchers, this represents an important shift in thinking. Extending healthspan increasingly depends not only on slowing damage but on repairing it. The ability to replace worn-out or diseased cells and have them remain functional for years could become one of the defining technologies of healthy aging. Three questions worth watching. As Sana heads to EASD, the upcoming presentation is likely to spark discussion far beyond endocrinology. Can immune-evasive cells finally free transplant recipients from lifelong immunosuppressive drugs? Could a forearm muscle become an unexpectedly practical home for insulin-producing cells, making future procedures simpler than today's liver transplants? And perhaps most intriguingly, does the ability of these transplanted cells to adjust insulin production as glucose levels improve suggest they are beginning to behave less like engineered products and more like living organs? None of those questions has definitive answers yet. Nonetheless, these questions point toward something larger than a diabetes story. They reflect a future in which regenerative medicine is about helping replacement cells integrate so naturally that the body treats them as its own. If that future arrives, longevity may depend not just on living longer, but on teaching its cells (and its immune systems) to live together. LTUI: 2581 Sana Biotechnology. Powered by: Longevity level(s): * Level 6: Aging disease prevention therapeutics * Level 7: Targeted aging disease reversal Overview. Sana Biotechnology is a clinical-stage biopharmaceutical company focused on developing engineered cells as medicines to address the underlying causes of disease. The company operates two primary platforms: ex vivo cell replacement therapies targeting conditions such as type 1 diabetes through insulin-producing islet cell transplantation, and in vivo cell engineering for gene repair and modification in patients with inherited genetic disorders and acquired diseases. Sana's approach integrates advances in stem cell biology, immunology, and gene editing technologies to create scalable, accessible cellular therapeutics across diverse therapeutic areas including oncology, autoimmune disorders, and metabolic diseases. Access all data points on DLT: * Financial Data * Patents * Technology * Management * Advisory Board * News * Classifications * Similar Companies