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Q32 Bio (Homology Medicines) Priced, Nasdaq: QTTB

Preclinical biotech developing a gene therapy delivery platform for rare diseases.

Industry: Health Care

First Day Return: +16.6%

Industry: Health Care

We are a genetic medicines company dedicated to transforming the lives of patients suffering from rare genetic diseases with significant unmet medical needs by curing the underlying cause of the disease. Our proprietary platform is designed to utilize our human hematopoietic stem cell derived adeno-associated virus vectors, or AAVHSCs, to precisely and efficiently deliver genetic medicines in vivo either through a gene therapy or nuclease-free gene editing modality across a broad range of genetic disorders. The unique properties of our proprietary suite of 15 novel AAVHSCs enable us to focus on a method of gene editing called gene correction, either through the replacement of an entire diseased gene in the genome with a whole functional copy or the precise repair of individual mutated nucleotides, by harnessing the naturally occurring DNA repair process of homologous recombination, or HR. We believe our HR-driven gene editing approach will allow us to efficiently perform gene correction at therapeutic levels without unwanted on- and off-target modifications. Our diverse set of AAVHSCs allows us to precisely target, via a single intravenous injection, a wide range of disease-relevant tissues, including the liver, central nervous system (CNS), bone marrow, lung, muscle and eye, across both modalities - gene editing and gene therapy. We have generated compelling preclinical data for our first and lead product candidate, HMI-102, a gene therapy for the treatment of phenylketonuria (PKU) and are advancing HMI-102 into a Phase 1/2 clinical trial, with initial clinical data in 2019.
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Q32 Bio (Homology Medicines) (QTTB) Performance