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July 01, 2015 1:51 PM ET

Biotechnology

Company Overview of Precision BioSciences, Inc.

Company Overview

Precision BioSciences, Inc., a biotechnology company, engages in developing and commercializing therapeutics and services based on genomic molecular biology. It offers Biotherapeutics, a directed nuclease editor (DNE) therapeutic targeted to enable the in situ correction of genes responsible for human diseases; Biotools, an engineered DNE meganucleases used to engineer cell lines for disease models or optimize cell lines for the biomanufacturing of protein vaccines and therapeutics; and PlantSciences, a custom DNE meganucleases that enable site-specific engineering of row crops and biofuel feedstock. The company was founded in 2006 and is based in Research Triangle Park, North Carolina.

302 East Pettigrew Street

Dibrell Building Suite A-100

Durham, NC 27701

United States

Founded in 2006

Phone:

919-314-5512

Fax:

480-393-5553

Key Executives for Precision BioSciences, Inc.

Co-Founder, Chief Executive Officer and Director
Chief Operations Officer and Chief Financial Officer
Director of Cell Biology
Director of Meganuclease Development
Chairman and Chief Scientific Officer
Compensation as of Fiscal Year 2015.

Precision BioSciences, Inc. Key Developments

Precision BioSciences, Inc. Announces Board Appointments

Precision BioSciences, Inc. announced the closing of a $25.6 million Series A financing led by venBio. Joining in the oversubscribed financing are Fidelity Biosciences, Amgen Ventures, Baxter Ventures, Osage University Partners, the Longevity Fund, and two well-known public market investors. Robert Adelman of venBio and Ben Auspitz of Fidelity Biosciences will join Precision's Board alongside Precision's Chief Executive Officer, Matthew Kane and Chief Scientific Officer, Derek Jantz.

Danziger Innovations Ltd. and Precision BioSciences, Inc. Announce Successful Genome Modification Collaboration in Ornamental Plants

Danziger Innovations Ltd. and Precision BioSciences, Inc. announced that they have successfully generated site-specific genome modifications in petunia and jasmine tobacco by combining Precision's Directed Nuclease Editor (DNE) gene editing technology with Danziger's MemoGene gene delivery system. This successful research effort was aimed at genetic control of flower color but researchers at Precision and Danziger believe that the approach can be used more broadly to address genome engineering challenges in plants that are recalcitrant to existing transformation methods without requiring the insertion of foreign DNA into the plant genome.

Nova Synthetix and Precision BioSciences, Inc. Announce Collaboration to Develop Non-GM, Ricin-Free Castor with Customizable Oil Content

Nova Synthetix and Precision BioSciences, Inc. announced that they have initiated a joint research effort to generate non-GM, ricin-free castor plants using Precision's Directed Nuclease Editor (DNE) technology in combination with Nova Synthetix's proprietary plant transformation system. Scientists at Nova Synthetix and Precision also plan to utilize their joint capabilities to generate improved castor variants capable of producing user defined oil profiles for industrial, biofuel, and feed-directed applications. The companies believe that the successful development of this multi-year research effort will address a significant agricultural need and result in a castor plant that is safer and has far greater market utility.

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