Adicet Bio, Inc. Determines Not to Proceed with Public Offering of Common Stock
“We are well capitalized into 2022 and expect to meet multiple near-term milestones,” said Chen Schor, President and Chief Executive Officer of Adicet Bio, Inc. “Given our solid financial position and outlook, we look forward to advancing our gamma delta T cell platform and programs.”
Adicet anticipates the following near-term milestones:
- File IND for ADI-001 CD20 gamma delta CAR-T
- Phase 1 clinical study of ADI-001 in non-Hodgkin’s lymphoma
- ADI-001 expansion in diffuse large B-cell lymphoma and/or mantle cell lymphoma
- File IND for ADI-002 GPC3 gamma-delta CAR-T
- Initiate Phase 1 clinical study in hepatocellular carcinoma and other solid tumors
The offering was being made pursuant to an effective shelf registration statement that was declared effective by the
This press release contains "forward-looking statements" of Adicet within the meaning of the Private Securities Litigation Reform Act of 1995. Any forward-looking statements in this press release are based on management’s current expectations and beliefs of future events, and are subject to a number of risks and uncertainties that could cause actual results to differ materially and adversely from those set forth in or implied by such forward-looking statements. These risks and uncertainties related to market conditions as well as risks and uncertainties inherent in Adicet’s business. For a discussion of these and other risks and uncertainties, and other important factors, any of which could cause Adicet’s actual results to differ from those contained in the forward-looking statements, see the section entitled “Risk Factors” in Adicet’s most recent annual report on Form 10-K filed on
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Source: Adicet Bio, Inc.