Beam Therapeutics shares are trading higher. Strength may be due to gene editing peer CRISPR announcing regulatory authorization of the first CRISPR/Cas9 gene-edited therapy.
Portfolio Pulse from Benzinga Newsdesk
Beam Therapeutics' stock is trading higher, potentially in response to news that CRISPR, a company in the same sector, received regulatory authorization for the first CRISPR/Cas9 gene-edited therapy.
November 17, 2023 | 6:02 pm
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POSITIVE IMPACT
Beam Therapeutics' shares are up, likely influenced by CRISPR's regulatory success with a CRISPR/Cas9 therapy, highlighting the potential of gene editing technologies.
Beam Therapeutics' stock price is likely benefiting from positive sentiment in the gene editing industry following CRISPR's regulatory approval. Investors may anticipate similar successes for Beam, given its involvement in the same technology space.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80