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At Hard-Hit Gene Therapy Company Freeline, CEO Believes A Turnaround Is Possible

Readout In Hemophilia B Expected Soon

 
• By Andrew McConaghie

Michael Parini talks to Scrip about how a new focus at the company can help it prove the value of its AAV-based gene therapy platform.

Biotech
Gene therapy companies have seen their share prices fall by 65% on average over the last 12 months, making them one of the worst hit specialities in biotech. • Source: Shutterstock

While share prices of most small-to-medium biotechs have been taking a hammering in 2022 so far, gene therapy companies have been particularly hard hit.

Based on 15 ‘pure-play’ gene therapy companies listed on the NASDAQ, Scrip calculates that share prices have plummeted by 65% on average in the last 12 months, wiping billions from the value of the companies and leaving many with dwindling cash runways (see table below)

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