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We expect investors to focus on the sales numbers of CRISPR Therapeutics’ CRSP sole-marketed product, Casgevy, and other pipeline updates when it reports first-quarter 2025 results.
The Zacks Consensus Estimate for the to-be-reported quarter’s revenues is pegged at $5.2 million, while the same for earnings is pegged at a loss of $1.27 per share. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar)
Year to date, shares of CRISPR Therapeutics have lost 0.7% compared with the industry’s decline of 5.8%.
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Factors Shaping CRSP's Upcoming Results
CRISPR Therapeutics’ top line currently includes grants and collaboration revenues from its partnership with large-cap biotech Vertex Pharmaceuticals VRTX.
CRSP and partner VRTX’s one-shot gene therapy, Casgevy, was approved in late 2023/early 2024 for two blood disorders — sickle cell disease and transfusion-dependent beta-thalassemia — in the United States and Europe and several other countries.
Casgevy is the first marketed product in CRSP’s portfolio. Vertex leads the global development and commercialization of Casgevy under the terms of the 2021 agreement, with support from CRISPR Therapeutics.
In the previous quarter, CRSP did not mention separately any royalty/sales revenue related to Casgevy. Vertex recorded $8 million from Casgevy sales in the fourth quarter of 2024.
Sales of Casgevy should be higher in the first quarter of 2025. Investors will look out for royalty/sales revenue numbers from Casgevy at the first-quarter conference call.
Investors will be keen to get more updates related to the commercial progress of Casgevy at the upcoming earnings call.
Besides Casgevy, CRISPR Therapeutics is pursuing the development of CRISPR candidates to create novel CAR-T cell therapies. The company is currently focused on the development of two next-generation CAR-T therapy candidates — CTX112 (targeting CD19-positive B-cell malignancies) and CTX131 (targeting relapsed or refractory solid tumors) — in separate phase I/II studies. It is also evaluating these candidates in other early-stage studies — one evaluating CTX131 for hematological malignancies and the other evaluating CTX112 in systemic lupus erythematosus indication. Updates from all these studies are expected during the upcoming earnings call.
Apart from immuno-oncology candidates, CRSP is currently studying its first two in-vivo candidates, CTX310 and CTX320, in separate phase I clinical studies targeting ANGPTL3 and lipoprotein(a), respectively.
Operating expenses are likely to have declined in the to-be-reported quarter.