Beam Therapeutics

Develops precision genetic medicines using base editing

Cambridge, Massachusetts, United States

About Beam Therapeutics

Beam Therapeutics develops precision genetic medicines using a technique called base editing, which allows for precise modifications to the genetic code to potentially correct mutations that lead to serious diseases. Their primary focus is on treating genetic disorders, such as sickle cell disease, with the aim of providing lifelong cures instead of temporary solutions. The company invests significantly in research and development to create new therapies and generates revenue through partnerships, licensing agreements, and future commercialization of their treatments. Beam Therapeutics distinguishes itself from competitors by its commitment to rigorous scientific development and a values-driven approach, emphasizing the importance of its expert team in achieving its goal of delivering lasting cures for patients.

Cambridge, MassachusettsHeadquarters
2017Year Founded
$215.9MTotal Funding
IPOCompany Stage
Biotechnology, HealthcareIndustries
501-1,000Employees

Benefits

Flexible Work Hours

Risks

Competition from CRISPR Therapeutics could impact Beam's market share.
Recent restructuring and layoffs may lead to operational challenges.
New CFO transition might pose financial management challenges.

Differentiation

Beam Therapeutics uses base editing, a precise genetic correction method.
The company focuses on lifelong cures for genetic disorders like sickle cell disease.
Beam's strategic partnerships, like with Eli Lilly, enhance its market position.

Upsides

Base editing technology is gaining traction as a precise genetic correction method.
The $250 million deal with Eli Lilly boosts Beam's financial and strategic position.
Christi Shaw's appointment to the board brings valuable biotech leadership.

Funding

Total raised$215.95 M
Latest valuation$675.00 M
StageIPO