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Stock impact report

Editas Medicine gets over $50M financing with DRI Healthcare Trust Oct. 04, 2024 12:45 AM ET By: Manshi Mamtora , CFA [Seeking Alpha]

Editas Medicine, Inc. (EDIT) 
Last editas medicine, inc. earnings: 2/26 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.editasmedicine.com
Company Research Source: Seeking Alpha
Editas Medicine under its Cas9 license agreement with Vertex Pharmaceuticals to a wholly-owned subsidiary of DRI Healthcare Trust. Under the terms of the agreement, Editas Medicine ( EDIT ) will receive an upfront cash payment of $57M in exchange for up to 100% of certain future annual license fees payable to Editas Medicine, ranging from $5M- $40M per year. The upfront cash payment brings non-dilutive capital to Editas Medicine, helping enable further pipeline development and related strategic priorities. The stock price gained 2.2% on Thursday during after hours of trade. More on Editas Medicine Editas Medicine, Inc. (EDIT) Chardan's 8th Annual Genetic Medicines Conference (Transcript) Editas Medicine: A Risk/Reward Worth Considering BofA upgrades Editas to buy, cites reni-cel progress Editas Medicine Q2 2024 Earnings Preview Recommended For You Comments More Trending News Recommended For You More Trending News Show less Read more
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