Sana Biotechnology

Sana Biotechnology

SANA
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SANA · Stock Price

USD 3.50+1.69 (+93.37%)
Market Cap: $945.0M

Historical price data

Market Cap: $945.0MPipeline: 4 drugsFounded: 2020HQ: Seattle, United States

Overview

Sana Biotechnology aims to create and deliver engineered cells as medicines to address the root causes of disease. The company has established two complementary, proprietary technology platforms designed to overcome the major hurdles of immune rejection and targeted in vivo delivery that have limited the field. Its strategy focuses on advancing a pipeline of potentially curative therapies for type 1 diabetes and B-cell malignancies, with its most advanced programs now entering early clinical testing. Despite being pre-revenue, Sana has assembled a seasoned leadership team and secured significant capital to pursue its ambitious vision.

Type 1 DiabetesOncologyAutoimmune Diseases

Technology Platform

Two complementary platforms: 1) Ex Vivo Hypoimmune Platform to create universal, off-the-shelf cell therapies by eliminating immune rejection signals; 2) In Vivo Fusogen Platform for targeted delivery of genetic payloads to specific cells within the body.

Pipeline

4
4 drugs in pipeline
DrugIndicationStageWatch
SC291Lupus ErythematosusPhase 1
SC262Non Hodgkin's LymphomaPhase 1
SC291Non Hodgkin LymphomaPhase 1
UP421Type1diabetesPhase 1

Funding History

3
Total raised:$2.0B
IPO$587.6M
Series B$700M
Series A$700M

FDA Approved Drugs

1
GRANISETRON HYDROCHLORIDEANDAMar 17, 2025

Opportunities

Sana's platforms target multi-billion dollar markets in type 1 diabetes and B-cell disorders.
Success in its lead programs would validate its core technologies, unlocking their application to a vast array of other diseases involving cell replacement or genetic correction, creating a long-term pipeline of high-value therapies.

Risk Factors

The company faces high clinical and scientific risk as its novel platforms are unproven in humans.
It operates in intensely competitive fields against well-funded rivals and is dependent on capital markets for funding, making it vulnerable to biotech financing downturns.

Competitive Landscape

In type 1 diabetes, Sana competes with Vertex and CRISPR Therapeutics, differentiating with its Hypoimmune platform designed to avoid immunosuppression. In cell therapy, it faces numerous companies developing allogeneic and in vivo CAR-Ts, where success will hinge on demonstrating superior efficacy, safety, or convenience.

Company Timeline

2019Series A

Series A: $700.0M

2020Founded

Founded in Seattle, United States

2020Series B

Series B: $700.0M

2021IPO

IPO — $587.6M

2025FDA Approval

FDA Approval: GRANISETRON HYDROCHLORIDE