Market reactionShares fell 10% on Nov 5.
Editas Medicine is a clinical-stage company developing EDIT-401, a one-time in vivo gene-editing treatment designed to lower LDL cholesterol; it is not approved.
Editas' case rests on EDIT-401, a one-time in vivo CRISPR edit of the LDLR gene that cut LDL cholesterol by about 90% or more in monkeys. The Phase 1/2 Strive trial has ethics approval in Australia, with dosing expected to begin in 2026 and initial safety data in the first quarter of 2027. Efficacy data are now expected later in 2027, not by the end of 2026, and cash of $211.6 million should fund operations into the second half of 2028.
Thesis checklist
0 risks need attention
Why it is in this state
The evidence, what would weaken it and the source filing
Why it is in this state
The evidence, what would weaken it and the source filing
Why it is in this state
The evidence, what would weaken it and the source filing
Why it is in this state
The evidence, what would weaken it and the source filing
Next decision point
Tests: Initial Strive data show EDIT-401 is safe
Is EDIT-401 safe and well tolerated in the first patients, so dose escalation can continue?
Strong, inconclusive and weak outcomes
What to look for in the result and how each would move the checklist
Price and material events
Select an event marker to read the update below. Marker colors show Thesis status.
Editas received approval to start its first EDIT-401 trial in Australia and expects to dose patients this year, with initial safety data in the first quarter of 2027; cash of $211.6 million is expected to last into the second half of 2028
EDIT-401's first-in-human LDL-C data in HeFH will determine whether preclinical gene editing efficacy translates to humans before cash runs out
EDIT-401's first-in-human HeFH trial tests whether NHP-level LDL-C reduction translates to humans before cash runs out in Q3 2027
About this history: every entry shows when the Thesis moved and what it said. The reasoning behind each move (the evidence, the analysis and the source filing) and the earnings write-ups are part of a subscription.
Dates, trials and completed outcomes are open to everyone. What each upcoming milestone hinges on is part of a subscription.
Disease areas: Obesity, diabetes and heart disease
Catalyst calendar · Upcoming FDA decisions · Thesis changes
Competitive landscape
4 peers tracked
Cash: Market-data provider estimate; measurement period unavailable.
Debt: Market-data provider estimate; a complete comparable filing balance is unavailable.
Quarterly burn: Estimated from trailing free cash flow; measurement period unavailable.
Net cash and estimated runway require verified matching measurement periods. Missing debt components are not assumed to be zero.
Runway: No underlying guidance available.