Sana Biotechnology posts Q1 adjusted loss narrower than expected, extends cash runway

Sana Biotechnology

11/05/2026 21:19

Overview

U.S. cell therapy developer's Q1 adjusted EPS and adjusted net loss both beat expectations

Company announced strategic collaboration with Mayo Clinic to advance SC451 for type 1 diabetes

Cash runway expected into 2027 after $25 mln equity investment and ATM activity

Outlook

Company expects to begin Phase 1 trial for SC451 later in 2026

Company anticipates starting clinical study for SG293 in non-Hodgkin lymphoma later this year

Company expects cash runway into 2027

Result Drivers

R&D EXPENSE DECLINE - Lower research and development expenses driven by reduced headcount and decreased third-party manufacturing costs after suspension of allogeneic CAR T programs

MAYO CLINIC COLLABORATION - Strategic partnership and $25 mln equity investment to accelerate SC451 development for type 1 diabetes

NON-CASH EXPENSES - Increase in non-cash expenses from changes in fair value of contingent consideration and success payment liabilities affected net loss

Company press release: ID:nGNX3jDTr7

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Adjusted EPS
Beat
-$0.14
-$0.17 (9 Analysts)
Q1 EPS
-$0.17
Q1 Adjusted Net Income
Beat
-$38.78 mln
-$47.20 mln (7 Analysts)
Q1 Net Income
-$47.21 mln
Q1 Operating Expenses
$48.61 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the biotechnology & medical research peer group is "buy"

Wall Street's median 12-month price target for Sana Biotechnology Inc is $7.00, about 99.4% above its May 8 closing price of $3.51

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)