Taysha Gene Therapies Provides Update On Deprioritized Pipeline Programs
Portfolio Pulse from Benzinga Newsdesk
Taysha Gene Therapies, Inc. (NASDAQ:TSHA) announced updates on its deprioritized pipeline programs, including the termination of an old loan and security agreement and the initiation of a new one to facilitate the transfer of IP for these programs. The new agreement extends Taysha's cash runway into 2026. The company has made progress on several programs, such as transferring rights for TSHA-120 to NINDS and TSHA-101 back to Queen's University. Taysha continues to focus on its lead TSHA-102 program for Rett syndrome while exploring partnerships for other deprioritized programs.
February 15, 2024 | 9:21 pm
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Taysha Gene Therapies announced significant updates on its deprioritized pipeline programs, including a new loan agreement to facilitate IP transfers and extend cash runway to 2026, and progress on transferring rights for several programs.
The announcement of a new loan agreement that extends Taysha's cash runway into 2026 and the progress on transferring rights for several deprioritized programs could be seen as positive developments. These actions demonstrate the company's strategic focus on advancing its lead program, TSHA-102, while also ensuring that other programs can continue under new stewardship. This could potentially lead to positive investor sentiment in the short term.
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