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2025-01-24
CRISPR Therapeutics ( CRSP -3.57% ) is recognized as a pioneer in the field of gene therapy. This biotechnology has the potential to revolutionize medicine through precise modifications of a person's DNA to treat and cure genetic diseases. In 2023, the company's Casgevy product for sickle cell disease became the first-ever CRISPR-based therapy approved by the Food and Drug Administration (FDA) as an important company milestone. Nevertheless, commercialization has been slow, with the market already waiting for the next possible blockbuster drug. At the time of writing, shares of CRISPR Therapeutics are down 46% from their 52-week high, leading investors to wonder what comes next. If you're considering buying stock in this gene therapy trailblazer, here are three things you should know. 1. First mover advantage Part of the attraction of CRISPR Therapeutics as an investment is its first-mover advantage, which counts on several patented processes for CRISPR diagnostic and therapeutic applications. The approval of Casgevy, co-developed with Vertex Pharmaceuticals , validated its technology to move forward with a broader pipeline of drug candidates. A critical component of CRISPR is the requirement that therapies are manufactured using individual patients' harvested stem cells. CRISPR Therapeutics operates an industrial laboratory facility that provides strategic flexibility to scale operations. Its oncology, cardiology, and diabetes programs have candidates in different stages of clinical study and human trials. For 2025, the company expects expanded indications for Casgevy, along with updated efficacy data for its candidate portfolio, which could serve as potential catalysts for investors to assess. 2. Profitability remains elusive There's some optimism that CRISPR Therapeutics is still in the early stages of a significant long-term opportunity. The company's balance sheet, with $1.9 billion in cash, means CRISPR has the time and capital to take the necessary steps to become commercially sustainable. On the other hand, the latest financial trends leave a lot to be desired. In the third quarter, CRISPR reported just $602,000 in global revenue, not yet materially capitalizing on the initial launch of Casgevy, marketed and distributed by Vertex. The update indicates that a single patient has received the commercial therapy, which carries a $2.2 million price tag. This hefty sum can be justified based on its life-saving potential, but it also highlights the economic challenge of widespread adoption. According to Vertex, 40 patients have begun the complex cell collection process that is expected to translate to accelerating collaboration revenue for CRISPR. Based on Wall Street consensus estimates, from a projected $14 million in revenue this year, CRISPR is projected to bring in $132 million in revenue for 2025 as Casgevy treatments gain traction. Still, that's not quite enough to make a dent in what are projected to be large financial losses for the next several years. An estimated loss per share of $5.15 for 2024 is only expected to narrow toward a $5.02 loss next year. That's not necessarily a problem for a high-growth stock, but it does represent a risk for investors to balance. If sales continue to disappoint, company shares trading at a pricey 31 times next year's sales as a forward price-to-sales (P/S) ratio could be vulnerable to a deeper sell-off. CRSP Market Cap data by YCharts 3. Intensive competition The success of CRISPR Therapeutics will depend on its ability to bring multiple new drugs to the market to support a more viable business model. At the same time, the company will need to contend with emerging competition from other biotech players pursuing similar CRISPR techniques for drug development. Companies like Intellia Therapeutics and Beam Therapeutics are independently moving forward with their versions of gene-editing technology that could prove more effective for certain diseases. It's also uncertain if CRISPR is superior to alternative biotechnologies, like monoclonal antibodies or RNA-based therapies, which have generated recent breakthroughs. Ultimately, CRISPR Therapeutics has a lot of promise but faces a long road to becoming a global biotech leader. Final thoughts The near-term financial weakness is enough of a reason for me to stay on the sidelines and avoid CRISPR Therapeutics stock for now. The company could very well turn out to be a long-term winner, but the prudent move for investors is to proceed with caution until there is evidence of some sales and earnings momentum. My expectation is for the stock to remain volatile.sports writing

What Trump brings to the Middle East

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The Kingdom of Saudi Arabia (KSA) authors on Friday announced a drive to ensure that the worshippers at the Grand Mosque in Mecca receive the best Zamzam water. The authority distributes 12,090 refrigerated containers and 4,556 non-refrigerated containers throughout the Grand Mosque, in addition to providing over 3 million cups, as reported by the Saudi Press Agency (SPA). The authority’s laboratory department verifies the quality and safety of Zamzam water by collecting 15 samples for laboratory testing using the latest devices and techniques in water analysis. The process aims to achieve the highest levels of quality and safety, ensuring that Zamzam water is provided to Umrah performers and worshippers at the Grand Mosque on Fridays. The Zamzam water goes to the worshippers at the Grand Mosque and the Prophet’s Mosque through several stages, taking into consideration the highest standards to preserve its quality, ensuring it reaches them in the best condition. The Zamzam well is located in Makkah al-Mukarramah, 21 meters east of Kaaba. It has an ancient history dating back to thousands of years. Being 30 meters deep, it holds a high spiritual value for Muslims who drink it, based on the hadiths of the Prophet saying that “Zamzam water is for what he drank.” Zamzam water is of great value to Muslims and they usually drink it in the hope of overall wellbeing. The water sourced from a well, is transported to the Grand Mosque and Prophet’s Mosque by pumping at 360 cubic meters per hour through two giant pumps. The water is then transported to the King Abdullah bin Abdulaziz Zamzam Water Project for storage, disinfection, and distribution to the Zamzam tank station and King Abdulaziz sabil station. It is transported using a network of 4 kilometres of stainless steel pipelines, equipped with air chambers, cleaning chambers, and control systems.

Caprock Group LLC Has $393,000 Stake in Coterra Energy Inc. (NYSE:CTRA)

Murray – who retired after the summer Olympics at the age of 37 after finally admitting defeat in his battle against his body – will join the Serbian’s team in the off-season and coach him through the opening grand slam of 2025. It will see the Scot surprisingly join forces with the man who was his biggest nemesis during his long career, especially in Australia where he lost to Djokovic in four finals. Murray, who beat Djokovic to win the US Open in 2012 and Wimbledon in 2013, says he wants to help the 24-time grand slam champion achieve his goals. He never liked retirement anyway. 🙌 pic.twitter.com/Ga4UlV2kQW — Novak Djokovic (@DjokerNole) November 23, 2024 “I’m going to be joining Novak’s team in the off-season, helping him to prepare for the Australian Open, he said. “I’m really excited for it and looking forward to spending time on the same side of the net as Novak for a change, helping him to achieve his goals.” Djokovic, a week younger than his new coach, added: “I am excited to have one of my greatest rivals on the same side of the net, as my coach. “Looking forward to start of the season and competing in Australia alongside Andy with whom I have shared many exceptional moments on the Australian soil.” In posting a teaser about the appointment on social media, Djokovic said: “He never liked retirement anyway.” He then added: “We played each other since we were boys, 25 years of pushing each other to our limits. We had some of the most epic battles in in our sport. They called us gamechangers, risk takers, history makers. “I thought our story may be over. Turns out it has one final chapter. It’s time for one of my toughest opponents to step into my corner. Welcome aboard coach, Andy Murray.” Djokovic beat Murray in the 2011, 2013, 2015 and 2016 Australian Open finals while also losing in the French Open final in 2016. It was his pursuit of toppling Djokovic at the top of the rankings in 2016 which was a precursor to his 2017 hip injury which derailed Murray’s career. Djokovic, who split with coach Goran Ivanisevic earlier this year, hopes that adding Murray to his team will help him get back to the top of the game as he went through a calendar year without winning a grand slam for the first time since 2017. Jannik Sinner and Carlos Alcaraz have developed a stranglehold at the top of the men’s game and Djokovic, who has seen Murray, Roger Federer and Rafael Nadal all retire in recent years, is still hoping to move clear of the record 24 grand slams he shares with Margaret Court.No. 25 won over with a last-second touchdown in Piscataway, New Jersey on Saturday. Down 31-30, the Illini faced a fourth-and-13 with 14 seconds remaining in the game and were ready to attempt a go-ahead field goal from 58 yards. Rutgers coach Greg Schiano then called timeout to try and ice kicker . Moczulski actually kicked the ball wide left and approximately 15 yards short, but the attempt was negated by the timeout. After seeing how the kick went and given a chance to reconsider, Illinois coach Bret Bielema decided against the field goal try and opted to go for a first down. That choice ended up working out even better than Bielema could've imagined. PAT BRYANT SCORES THE GAME-WINNING TD ON 4TH DOWN! 😱 — NBC Sports (@NBCSports) Illinois quarterback connected with Pat Bryant for a first down and much more. Bryant avoided several Rutgers defenders and sprinted to the right corner of the end zone for a touchdown with four seconds remaining. The Illini failed on a two-point conversion attempt. Yet they got those two points anyway when Rutgers lateraled the ball out of bounds in the end zone on the ensuing kickoff. Some more angles of the Pat Bryant game-winning TD for 🎥 on Peacock 📺 — Big Ten Network (@BigTenNetwork) Altmyer passed for 249 yards and two touchdowns on 12-for-26 passing. He also rushed for 74 yards and a score. rushed for an additional 58 yards and a TD on 13 carries. Bryant finished with seven receptions for 197 yards and a touchdown he'll never forget. Rutgers QB also passed for two TDs with 174 yards on 18-for-36 passing, while also rushing for 84 yards and two scores on 13 carries. led the Scarlet Knights with 122 yards rushing on 28 carries. caught six balls for 66 yards and a TD. Illinois improved to 8-3 overall with the victory and is tied with for at 5-3. Rutgers dropped to 6-5 (3-5 in Big Ten) with the defeat.


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