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The company’s previously stated intentions to s...","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/the-fly/editas-medicine-downgraded-to-hold-from-buy-at-stifel?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":["rate"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/the-fly/editas-medicine-downgraded-to-hold-from-buy-at-stifel?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["SF","EDIT"],"gpt_icon":0},{"id":"2491367894","title":"Editas Medicine: Navigating Uncertainty with a Hold Rating Amid Strategic Shifts and Development Challenges","url":"https://stock-news.laohu8.com/highlight/detail?id=2491367894","media":"TIPRANKS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2491367894?lang=en_us&edition=fundamental","pubTime":"2024-12-13 08:35","pubTimestamp":1734050112,"startTime":"0","endTime":"0","summary":"Stifel Nicolaus analyst Dae Gon Ha downgraded the rating on Editas Medicine (EDIT – Research Report) to a Hold yesterday, setting a price target of...","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/blurbs/editas-medicine-navigating-uncertainty-with-a-hold-rating-amid-strategic-shifts-and-development-challenges?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":["rate"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/blurbs/editas-medicine-navigating-uncertainty-with-a-hold-rating-amid-strategic-shifts-and-development-challenges?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["EDIT"],"gpt_icon":0},{"id":"2491635943","title":"Editas Medicine Focuses on In Vivo Gene-Editing Medicines, Ends Reni-Cel Development to Cut Costs","url":"https://stock-news.laohu8.com/highlight/detail?id=2491635943","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2491635943?lang=en_us&edition=fundamental","pubTime":"2024-12-13 06:35","pubTimestamp":1734042942,"startTime":"0","endTime":"0","summary":"Editas Medicine  said late Thursday that it will focus on in vivo CRISPR-edited medicines and end the development of reni-cel to optimize cost structure and extend cash runway into Q2 2027.The strategic transition will help the company accelerate in vivo human proof of concept in about two years, the company said.Editas said it will also eliminate 65% of its workforce over the next six months. Chief Medical Officer Baisong Mei will leave the company, while Jessica Hopfield will become chair of the board on Dec. 31.","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["BK4139","EDIT","BK4556","MDCO"],"gpt_icon":0},{"id":"2491035065","title":"BRIEF-Editas Medicine Announces Strategic Transition To In Vivo Gene Editing Company","url":"https://stock-news.laohu8.com/highlight/detail?id=2491035065","media":"Reuters","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2491035065?lang=en_us&edition=fundamental","pubTime":"2024-12-13 06:01","pubTimestamp":1734040888,"startTime":"0","endTime":"0","summary":"Dec 12  - Editas Medicine Inc   :   * ANNOUNCES STRATEGIC TRANSITION TO IN VIVO GENE EDITING COMPANY WITH INTENT TO ACHIEVE HUMAN PROOF OF CONCEPT IN APPROXIMATELY TWO YEARS   * INITIATING COST SAVINGS MEASURES AND REDUCTION IN HEADCOUNT TO ALIGN WORKFORCE   * WILL ELIMINATE APPROXIMATELY 65% OF ITS WORKFORCE OVER NEXT SIX MONTHS   * INTENDS TO SHARE PRE-CLINICAL DATA AND FURTHER DEVELOPMENT TIMELINES FROM PROGRAMS IN Q1 OF 2025   * JESSICA HOPFIELD, HAS BEEN NAMED CHAIR OF BOARD, EFFECTIVE DECEMBER 31","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4556","BK4139","EDIT"],"gpt_icon":0},{"id":"2491352586","title":"Editas Medicine Pivots Gene Editing Strategy, Cutting 65% of Workforce","url":"https://stock-news.laohu8.com/highlight/detail?id=2491352586","media":"Dow Jones","labels":["shareholding"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2491352586?lang=en_us&edition=fundamental","pubTime":"2024-12-13 05:22","pubTimestamp":1734038520,"startTime":"0","endTime":"0","summary":"Editas Medicine is pivoting its strategy around gene-edited medicines, resulting in elimination of 65% of its workforce. The Cambridge, Mass.-based company on Thursday said it will now focus on in vivo Crispr-edited medicines based on its researchers recent scientific progress in multiple tissues.At the same time, it is ending development of reni-cel after extensive search did not yield a commercial partner.\"Recent scientific breakthroughs by the Editas team have convinced us that the timelines around the near-term viability of in vivo Crispr-edited medicines have accelerated meaningfully,\" Chief Executive Gilmore O'Neill said. \"Based on these advances, we are transitioning to a fully in vivo company.\". The transition comes after recent in vivo pre-clinical proof on concept in multiple issues, including hematopoietic stem cells and liver.Editas will cut the jobs in over the next six months. 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