William Blair initiated research coverage of Century Therapeutics, Inc. (IPSC $9.04), a biotechnology company focused on developing allogeneic iPSC-derived cellular immunotherapies, including CAR-NK and CAR-T cell therapies, for the treatment of cancer.
Analyst Sami Corwin, Ph.D., said that induced pluripotent stem cells, or iPSCs, have the potential to be a disruptive technology in the cell therapy space in the long term.
“IPSCs are an appealing platform because they can differentiate into various cell types, are conducive to more complex genetic engineering, virtually eliminate batch-to-batch product variability, and could allow for lower cost of goods (COGs) due to their renewable property, “Corwin said. “They also require a substantial upfront temporal and monetary investment and considerable proprietary knowledge, creating a significant barrier to entry for competitors who do not already possess common iPSC progenitors and master cell banks.”
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Outperform (Buy): 76%
Market Perform (Hold): 23%
Underperform (Sell): 1%
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Market Perform (Hold): 6%
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