CARsgen Therapeutics Unveils Strong Interim Results for 2025
Significant Business Progress Reported by CARsgen Therapeutics
CARsgen Therapeutics Holdings Limited, with a focus on pioneering CAR T-cell therapies, has recently shared its ambitious interim results for 2025, showcasing significant strides in both business performance and product development.
Key Business Highlights
As of mid-2025, CARsgen reported substantial cash and bank balances close to RMB1,261 million. Looking ahead, the company anticipates that its cash and equivalents will remain above RMB1,100 million by year-end, ensuring financial stability well into 2028, excluding future cash inflows.
In the first half of the year, CARsgen made remarkable progress with its zevor-cel product, completing certification and regulatory filings across more than 20 locations. With 111 confirmed orders received from its commercialization partner, the company is set for robust growth.
On the regulatory front, the New Drug Application (NDA) for satri-cel has been accepted by the Center for Drug Evaluation (CDE), paving the way for potential wider use of the novel therapy.
Moreover, results from the confirmatory Phase II trial of satri-cel are now published in a prestigious medical journal and presented at major oncology meetings, underlining the product's efficacy and safety against solid tumors.
Financial Milestones Achieved
During the first six months ending June 2025, CARsgen generated a revenue of approximately RMB51 million, primarily attributed to zevor-cel's sales. Notably, the company’s gross profit for the same period stood at around RMB29 million, showcasing strong financial performance grounded in efficient production capabilities.
The revenue is calculated based on ex-works prices, reflecting completed product deliveries. CARsgen maintains a strong competitive edge due to its self-manufacturing capabilities, yielding high output and stable product quality.
Growth Strategies and Product Development
Under the leadership of Dr. Zonghai Li, CARsgen is not just focusing on individual products but is dedicated to a broader strategy that includes advancing multiple allogeneic CAR-T therapies. The introduction of Zhuhai SB Xinchuang aims to enrich its product development pipeline.
Zevor-cel, an autologous CAR T-cell product, continues to show rapid sales growth since its approval, particularly for patients with relapsed or refractory multiple myeloma who have undergone multiple lines of prior treatments.
On another front, the interest in satri-cel remains high as it is the first CAR-T product globally to file an NDA for treatment in solid tumors, reflecting the company’s commitment to innovation.
Allogeneic CAR-T Innovations
CARsgen is actively developing various allogeneic CAR-T products to address different types of malignancies and autoimmune diseases. The THANK-uCAR platform is central to its strategy, with the recent development of THANK-u Plus, which aims to enhance the therapeutic efficacy against specific cancers.
Currently, several allogeneic candidates are at various stages, including KJ-C2219 for hematologic malignancies and KJ-C2320 targeting acute myeloid leukemia. Ongoing trials are expected to yield promising results as development progresses.
Company Vision and Commitment
CARsgen Therapeutics aims to be at the forefront of biopharmaceutical innovation by creating effective and accessible therapies for patients. By investing in R&D and refining its product pipeline, CARsgen is focused on overcoming existing challenges in cancer treatment. The company’s overarching mission is to position itself as a leader in providing curative treatments for cancer and other serious medical conditions.
Frequently Asked Questions
What are the recent achievements of CARsgen Therapeutics?
CARsgen has reported strong financial growth, a successful NDA acceptance for satri-cel, and significant milestones in its product development pipeline.
How much revenue did CARsgen generate in the first half of 2025?
The company reported approximately RMB51 million in revenue during this period, primarily from zevor-cel sales.
What is zevor-cel?
Zevor-cel is an autologous CAR T-cell product approved for treating adult patients with relapsed or refractory multiple myeloma, demonstrating significant sales growth.
What is the importance of the NDA for satri-cel?
The NDA for satri-cel represents the first CAR-T product globally to seek approval for treating solid tumors, marking a significant innovation in cancer treatment.
What is CARsgen's long-term mission?
The company aims to lead in developing innovative and safe therapies for various cancers, enhancing patient access to these revolutionary treatments.
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