Fate Therapeutics

Fate Therapeutics

FATE
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FATE · Stock Price

USD 2.29+1.26 (+122.33%)
Market Cap: $253.5M

Historical price data

Overview

Fate Therapeutics is on a mission to deliver 'Better Cells for Better Therapies®' by leveraging its industry-leading induced pluripotent stem cell (iPSC) platform to create off-the-shelf, uniformly engineered cell products. The company has established a broad clinical pipeline targeting hematologic malignancies, solid tumors, and autoimmune disorders, with multiple programs in Phase 1/2 development. Its core strategy is to disrupt the cell therapy paradigm by moving from bespoke, patient-specific manufacturing to a scalable, industrialized model that promises greater consistency, lower cost, and immediate patient access.

OncologyAutoimmune Diseases

Technology Platform

Proprietary induced pluripotent stem cell (iPSC) platform enabling the creation of clonal master cell lines for the mass production of uniform, multiplexed-engineered, off-the-shelf cellular immunotherapies.

Pipeline

21
21 drugs in pipeline
DrugIndicationStageWatch
ProHema-CB + Untreated CBHematologic MalignanciesPhase 2
ProTmune + Control ArmHematologic MalignanciesPhase 1/2
Single FT1050 treated UCB unitNon-Hodgkin's Lymphoma (NHL)Phase 1
ProHema-CB TransplantMetabolic DisordersPhase 1
FT516 + Rituximab + Obinutuzumab + Cyclophosphamide + Fludar...Acute Myelogenous LeukemiaPhase 1

Funding History

4
Total raised:$272M
PIPE$175M
IPO$60M
Series B$25M
Series A$12M

Opportunities

The primary opportunity lies in validating its iPSC platform to unlock the vast potential of off-the-shelf cell therapy, addressing the scalability, cost, and access limitations of current autologous treatments across both oncology and autoimmune diseases.
Success in solid tumors or autoimmune indications would open multi-billion dollar markets currently untapped by cell therapies.

Risk Factors

The company faces extreme clinical risk as its novel platform and lead candidates are unproven in later-stage trials.
Financial risk is high due to its pre-revenue status and dependence on capital markets, while competitive intensity from both autologous incumbents and other allogeneic approaches is significant.

Competitive Landscape

Fate competes directly with other allogeneic cell therapy developers (e.g., Allogene, CRISPR Therapeutics) and must ultimately demonstrate superiority or parity to approved autologous CAR-T products from large pharma. Its iPSC platform is a key differentiator, but it must prove clinical efficacy and persistence to secure a competitive advantage.