Precision BioSciences Receives $7.5 Million Milestone Payment From TG Therapeutics for Azer-cel MS Trial Progress

Reuters03-02

Precision BioSciences Receives $7.5 Million Milestone Payment From TG <a href="https://laohu8.com/S/LENZ">Therapeutics</a> for Azer-cel MS Trial Progress

Precision BioSciences said it achieved a clinical milestone under its license agreement with TG Therapeutics tied to progress in a Phase 1 trial of azercabtagene zapreleucel (azer-cel) in progressive forms of multiple sclerosis. The company expects to receive $7.5 million in proceeds, consisting of $5.25 million in cash and $2.25 million through TG Therapeutics’ purchase of 201,504 shares of Precision common stock at $11.17 per share. Precision also said its existing cash and cash equivalents, including the milestone proceeds, along with operating discipline and access to its ATM facility, are expected to provide sufficient cash runway through 2028.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Precision BioSciences Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260302531733) on March 02, 2026, and is solely responsible for the information contained therein.

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