Crispr Therapeutics Q2 Earnings: Casgevy Updates Underline 'Blockbuster' Potential

(19min)

Summary

  • Crispr Therapeutics AG reported no revenues from Casgevy in Q2 earnings, but noted positive progress with over 35 authorized treatment centers activated globally.
  • Casgevy's complex treatment journey involves a lengthy process with no revenue recognition until the end, but the therapy has shown high effectiveness in clinical studies.
  • Crispr Therapeutics and Vertex are working on reducing preconditioning burden for Casgevy patients and exploring the potential of in vivo therapies for the future.
  • Crispr made a net loss of $126.4m in Q2, but retains ~$1.7bn of cash, and its pipeline contains assets potentially approvable near term, plus two in-vivo programs offering breakthrough treatments.
  • In my view, Crispr Therapeutics remains a highly attractive company to invest in, with a clear path to >41bn in annual revenues.

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Klaus Vedfelt

Investment Overview

Crispr Therapeutics AG (NASDAQ:CRSP), the Zug, Switzerland headquartered biotech that, in partnership with Boston based Pharma giant Vertex (VRTX), secured a first-ever approval for a CRISPR/Cas9 gene editing therapy, Casgevy, directed against Sickle Cell Disease (“SCD”) and transfusion dependent

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This article was written by

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Edmund Ingham is a biotech consultant. He has been covering biotech, healthcare, and pharma for over 5 years, and has put together detailed reports of over 1,000 companies. He leads the investing group Haggerston BioHealth.

The group is for both novice and experienced biotech investors. It provides catalysts to look out for and buy and sell ratings. It also provides product sales and forecasts for all the Big Pharmas, forecasting, integrated financial statements, discounted cash flow analysis and market by market analysis. Learn more.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of CRSP either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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