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Slideshow Mergers & Acquisitions

By The Online Investor Staff, updated Thu., Mar. 4, 1:31 PM

Slide #73. Beam Therapeutics Inc. Guide Therapeutics, Inc.

Acquirer: Beam Therapeutics Inc. (NASDAQ:BEAM)
Acquiree: Guide Therapeutics, Inc.
Details: Beam Therapeutics Inc. (Nasdaq: BEAM), a biotechnology company developing precision genetic medicines through base editing, today announced it has completed the acquisition of Guide Therapeutics, Inc. ("GuideTx"), a developer of nonviral drug delivery vehicles for genetic medicines, further expanding the potential reach of Beam's genetic medicines into new target tissues and diseases.

Beam Therapeutics is a biotechnology company. Co. is engaged in creating a class of precision genetic medicines based on its proprietary base editing technology, with a vision of providing life-long cures to patients suffering from serious diseases. Co.'s base editors have two principal components that are fused together to form a single protein: a CRISPR protein, bound to a guide RNA, that utilizes the DNA-targeting ability of CRISPR, but modified to not cause a double-stranded break; and a base editing enzyme, such as a deaminase, which carries out the desired chemical modification of the target DNA base.

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Company Name: 
Beam Therapeutics Inc
Number of ETFs Holding BEAM: 
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Buy (3.14 out of 4)
38th percentile
(ranked lower than approx. 62% of all stocks covered)

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