TALS Talaris Therapeutics Inc.

14.35
+1.1  (+8%)
Previous Close 13.25
Open 13.51
52 Week Low 11.39
52 Week High 19.82
Market Cap $593,313,435
Shares 41,345,884
Float 25,195,411
Enterprise Value $334,246,840
Volume 41,652
Av. Daily Volume 38,500
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Upcoming Catalysts

Drug Stage Catalyst Date
FCR001 (FREEDOM-1)
Transplanted Organ Rejection
Phase 3
Phase 3
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Drug Pipeline

Drug Stage Notes
FCR001 (FREEDOM-2)
Delayed tolerance kidney transplant
Phase 2
Phase 2
Phase 2 trial to be initiated 4Q 2021.
FCR001 (FREEDOM-3)
Scleroderma
Phase 2
Phase 2
Phase 2 trial to be initiated 4Q 2021.

Latest News

  1. BOSTON and LOUISVILLE, Ky., Sept. 02, 2021 (GLOBE NEWSWIRE) -- Talaris Therapeutics, Inc. (NASDAQ:TALS), a late-clinical stage cell therapy company developing therapies with the potential to transform the standard of care in solid organ transplantation, certain severe autoimmune diseases, and certain severe non-malignant blood, immune and metabolic disorders, today announced that members of its senior management team will participate at the following investor conferences:

    Morgan Stanley Virtual 19th Annual Global Healthcare Conference
    Fireside Chat Date: Monday, September 13, 2021
    Time: 5:00 PM ET

    SVB Leerink CybeRx Series: Neuromuscular, Rare Diseases & Genetic Medicines 1x1 Event
    Date: September 22-23, 2021

    A live webcast of the fireside…

    BOSTON and LOUISVILLE, Ky., Sept. 02, 2021 (GLOBE NEWSWIRE) -- Talaris Therapeutics, Inc. (NASDAQ:TALS), a late-clinical stage cell therapy company developing therapies with the potential to transform the standard of care in solid organ transplantation, certain severe autoimmune diseases, and certain severe non-malignant blood, immune and metabolic disorders, today announced that members of its senior management team will participate at the following investor conferences:

    Morgan Stanley Virtual 19th Annual Global Healthcare Conference

    Fireside Chat Date: Monday, September 13, 2021

    Time: 5:00 PM ET

    SVB Leerink CybeRx Series: Neuromuscular, Rare Diseases & Genetic Medicines 1x1 Event

    Date: September 22-23, 2021

    A live webcast of the fireside chat at the Morgan Stanley Virtual 19th Annual Global Healthcare Conference will be available on the investors section of the Talaris website at www.talaristx.com. After the live webcast, the event will remain archived on the Talaris website for 90 days.

    About Talaris Therapeutics

    Talaris Therapeutics, Inc. is a late-clinical stage biopharmaceutical company developing investigational, one-time, allogeneic cell therapies with the potential to transform the standard of care in solid organ transplantation, certain severe autoimmune diseases, and certain severe non-malignant blood, immune and metabolic disorders. Talaris maintains corporate offices in Boston, MA, and its cell processing facility in Louisville, KY. For additional information, visit talaristx.com, and follow us on Twitter, LinkedIn and Facebook.

    Media Contact

    Lisa Raffensperger

    Ten Bridge Communications

    lisa@tenbridgecommunications.com

    (617) 903-8783

    Investor Contact

    Chris Brinzey

    Westwicke, an ICR Company

    chris.brinzey@westwicke.com

    (339) 970-2843



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  2. BOSTON and LOUISVILLE, Ky., Aug. 12, 2021 (GLOBE NEWSWIRE) -- Talaris Therapeutics, Inc. (NASDAQ:TALS), a late-clinical stage cell therapy company developing therapies with the potential to transform the standard of care in solid organ transplantation, certain severe autoimmune diseases, and certain severe non-malignant blood, immune and metabolic disorders, today reported financial results for the three- and six-month periods ended June 30, 2021, and provided an update on its business.

    "As we enter the second half of 2021, we remain on track to provide the first clinical update on our first FREEDOM-1 patients," stated Scott Requadt, Chief Executive Officer of Talaris. "Based on what we observed in our Phase 2 trial, we believe that chimerism…

    BOSTON and LOUISVILLE, Ky., Aug. 12, 2021 (GLOBE NEWSWIRE) -- Talaris Therapeutics, Inc. (NASDAQ:TALS), a late-clinical stage cell therapy company developing therapies with the potential to transform the standard of care in solid organ transplantation, certain severe autoimmune diseases, and certain severe non-malignant blood, immune and metabolic disorders, today reported financial results for the three- and six-month periods ended June 30, 2021, and provided an update on its business.

    "As we enter the second half of 2021, we remain on track to provide the first clinical update on our first FREEDOM-1 patients," stated Scott Requadt, Chief Executive Officer of Talaris. "Based on what we observed in our Phase 2 trial, we believe that chimerism, as early as three months post-transplant, has the potential to be highly predictive of establishing durable tolerance to the donated organ without chronic immunosuppression. We are also continuing to advance the rest of our pipeline as we plan for two phase 2 clinical trial initiations in FCR001 in delayed tolerance induction (FREEDOM-2) and in patients with a severe form of scleroderma (FREEDOM-3).   We also expect to announce an additional indication for FCR001 before the end of this year."

    Corporate Highlights

    • Initial safety and chimerism data from the Phase 3 FREEDOM-1 trial to be provided later this year. FREEDOM-1 is a randomized, controlled, open-label Phase 3 registrational trial of FCR001 in 120 adult living donor kidney transplant ("LDKT") recipients in the United States. The primary endpoint of FREEDOM-1 is the proportion of living donor kidney transplant recipients treated with FCR001 who are free from chronic immunosuppression, without proven biopsy rejection ("BPAR"), at month 24 post-transplant. The Company plans to update investors on both safety and chimerism status of evaluable patients who have been followed for at least three months since dosing. Chimerism refers to a condition whereby both the donor's and the recipient's hematopoietic stem cells ("HSCs") co-exist in the recipient's bone marrow. In the Company's Phase 2 trial, achievement and maintenance of >50% donor T-cell chimerism in the transplant recipient at three-, six- and twelve months after administration of FCR001 all correlated strongly with the transplant recipient's ability to durably discontinue chronic immunosuppression approximately one year after transplant, without subsequent graft rejection.



    • Added new clinical sites to its Phase 3 FREEDOM-1 trial. The Company has expanded its clinical trial footprint to 14 active sites in the United States. The Company's clinical trial sites are geographically dispersed across the United States and are all recognized as transplant centers of excellence.

    Program Updates and Milestones

    • FCR001 in living donor kidney transplant (LDKT). The Company's lead product candidate, FCR001, is currently in a randomized, controlled, open-label, multi-center Phase 3 (FREEDOM-1) trial in the United States. FCR001 has been granted Regenerative Medicine Advanced Therapy ("RMAT") and Orphan Drug designations by the U.S. Food and Drug Administration ("FDA") in this indication.



    • FCR001 in delayed tolerance induction. The Company remains on track to initiate a Phase 2 (FREEDOM-2) trial for FCR001 in delayed tolerance induction in the fourth quarter of 2021. In FREEDOM-2, the Company will evaluate the potential for FCR001 to induce immune tolerance to a transplanted kidney in patients who received a kidney transplant from a living donor up to a year prior to administration of FCR001.



    • FCR001 in scleroderma. The Company remains on track to initiate its first clinical trial in autoimmune diseases with its FREEDOM-3 trial in the fourth quarter of 2021. FREEDOM-3 is a multi-center, single-arm, open-label, proof-of-concept Phase 2 trial assessing the safety and efficacy of FCR001 in adults with a severe form of scleroderma at risk for organ failure.



    • Potential applications in deceased donor organ transplant. The Company continues to perform preclinical research to explore the feasibility of developing a product candidate similar to FCR001 from bone marrow procured from deceased organ donors, for potential administration to recipients of a deceased donor organ transplant.



    • FCR001 in non-malignant blood, immune and metabolic disorders. The Company remains on track to announce an additional target indication for FCR001 relating to a severe non-malignant blood, immune or metabolic disorder before the end of 2021.

    Second Quarter 2021 Financial Results

    • Cash, Cash Equivalents and Marketable Securities: Talaris finished the second quarter of 2021 with $266.2 million in cash, cash equivalents and marketable securities compared with $149.5 million as of December 31, 2020. Current cash and cash equivalents are expected to fund pipeline development and operations into 2025.



    • R&D Expenses: Research and development expenses increased to $7.6 million in the second quarter of 2021, up from $3.4 million in the second quarter of 2020. The increase in research and development expenses was primarily due to an increase in employee headcount necessary to support the growth of the Company's research and development efforts, increased clinical trials costs and an increase in facilities and other expenses.



    • G&A Expenses: General and administrative expenses totaled $3.5 million in the second quarter of 2021, up from $1.3 million in the second quarter of 2020, primarily due to an increase in employee headcount, increased professional fees and an increase in facilities and other expenses.



    • Net Loss: The Company reported a net loss of $11.4 million, or $0.41 per share, in the second quarter of 2021, compared with a net loss of $4.7 million, or $0.73 per share, in the second quarter of 2020.

    About Talaris Therapeutics

    Talaris Therapeutics, Inc. is a late-clinical stage biopharmaceutical company developing investigational, one-time, allogeneic cell therapies with the potential to transform the standard of care in solid organ transplantation, certain severe autoimmune diseases, and certain severe non-malignant blood, immune and metabolic disorders. Talaris maintains corporate offices in Boston, MA, and at its cell processing facility in Louisville, KY.

    Cautionary Note Regarding Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, including, without limitation, implied and express statements regarding Talaris Therapeutics, Inc.'s ("Talaris," the "Company," "we," or "our") strategy, business plans and focus; the progress and timing of the preclinical and clinical development of Talaris' programs, including FCR001 and FCR002; expectations regarding the timing and data from the planned clinical update of FREEDOM-1; expectations regarding Talaris' use of capital, expenses and other financial results during 2021 and in the future, and its ability to fund operations into 2025. The words "may," "might," "will," "could," "would," "should," "expect," "plan," "anticipate," "intend," "believe," "expect," "estimate," "seek," "predict," "future," "project," "potential," "continue," "target" or the negative of these terms and similar words or expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words.

    Any forward-looking statements in this press release are based on management's current expectations and beliefs and are subject to a number of risks, uncertainties and important factors that may cause actual events or results to differ materially from those expressed or implied by any forward-looking statements contained in this press release, including, without limitation, risks associated with: the impact of COVID-19 on countries or regions in which the Company has operations or does business, as well as on the timing and anticipated timing and results of its clinical trials, strategy and future operations, including the expected timing and results from FREEDOM-1, the planned initiation of FREEDOM-2 and FREEDOM-3, the planned initiation and timing of IND-enabling studies of FCR001 and FCR002 in deceased donor transplants and the announcement of an additional indication for FCR001; the Company's expectations regarding its management hires; the risk that the results of Talaris' clinical trials may not be predictive of future results in connection with future clinical trials; the Company's ability to successfully demonstrate the safety and efficacy of its drug candidates; the timing and outcome of Talaris' planned interactions with regulatory authorities; and obtaining, maintaining and protecting its intellectual property. These and other risks and uncertainties are described in greater detail in the section entitled "Risk Factors" in the Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2021, as well as any subsequent filings with the Securities and Exchange Commission. In addition, any forward-looking statements represent Talaris' views only as of today and should not be relied upon as representing our views as of any subsequent date. Talaris explicitly disclaims any obligation to update any forward-looking statements. No representations or warranties (expressed or implied) are made about the accuracy of any such forward-looking statements.

    Media Contact

    Lisa Raffensperger

    Ten Bridge Communications

    lisa@tenbridgecommunications.com

    (617) 903-8783

    Investor Contact

    Chris Brinzey

    Westwicke, an ICR Company

    chris.brinzey@westwicke.com

    (339) 970-2843

     
    TALARIS THERAPEUTICS, INC (TALS)
    Statements of Operations
    (Unaudited, in thousands, except share and per share amounts)
     
     Three months ended June 30,
     2021 2020
    Operating expenses   
    Research and development$7,570  $3,402 
    General and administrative 3,487   1,335 
    Total operating expenses 11,057   4,737 
    Loss from operations (11,057)  (4,737)
    Interest and other income (expense), net (295)  74 
    Net loss$(11,352) $(4,663)
    Net loss per common share, basic and diluted$(0.41) $(0.73)
    Weighted average number of common shares outstanding used in computation of net loss per common share, basic and diluted 27,373,165   6,397,025 
        
        
    Balance Sheets Selected Financial Data
        
     As of

    June 30,
     As of

    December 31,
     2021 2020
    Cash, cash equivalents and marketable securities$266,220  $149,488 
    Working capital 265,809   147,347 
    Total assets 272,814   152,778 
    Other liabilities 800   1,369 
    Total liabilities 5,461   4,774 
    Total convertible preferred stock and stockholders' deficit 267,353   148,004 
        


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  3. BOSTON and LOUISVILLE, Ky., June 14, 2021 (GLOBE NEWSWIRE) -- Talaris Therapeutics, Inc. (NASDAQ:TALS), a late-clinical stage cell therapy company developing therapies with the potential to transform the standard of care in solid organ transplantation, certain severe autoimmune diseases, and certain severe non-malignant blood, immune and metabolic disorders, today reported financial results for the three-month period ended March 31, 2021, and provided an update on its business.

    "Following our successful IPO, we are well financed into 2025 and very focused on program execution," stated Scott Requadt, Chief Executive Officer of Talaris. "With our open-label, registrational Phase 3 trial in living donor kidney transplant, FREEDOM-1, already…

    BOSTON and LOUISVILLE, Ky., June 14, 2021 (GLOBE NEWSWIRE) -- Talaris Therapeutics, Inc. (NASDAQ:TALS), a late-clinical stage cell therapy company developing therapies with the potential to transform the standard of care in solid organ transplantation, certain severe autoimmune diseases, and certain severe non-malignant blood, immune and metabolic disorders, today reported financial results for the three-month period ended March 31, 2021, and provided an update on its business.

    "Following our successful IPO, we are well financed into 2025 and very focused on program execution," stated Scott Requadt, Chief Executive Officer of Talaris. "With our open-label, registrational Phase 3 trial in living donor kidney transplant, FREEDOM-1, already underway, two additional open-label Phase 2 trials initiating later this year, and multiple potential indications for FCR001 being evaluated, we anticipate several important milestones ahead of us. We appreciate our investors' confidence in Talaris and look forward to advancing our lead product candidate, FCR001, to potentially benefit patients in multiple areas of high unmet need."

    Corporate Highlights

    • Presented long-term data from Phase 2 study of FCR001 at the Virtual 2021 American Transplant Congress. The Company reported that all stably chimeric kidney transplant recipients in its Phase 2 study remained off chronic immunosuppression and rejection-free for the duration of follow up, with a minimum follow-up of four years and the longest follow-up of almost 12 years. Chimerism refers to a state whereby the recipient's and donor's blood and immune cells co-exist in the recipient, creating a reciprocal state of immune tolerance called allogeneic tolerance. The Company believes chimerism is a highly predictive marker of potential immunotolerance.



    • Successfully completed an initial public offering (IPO). In May 2021, the Company completed its IPO, raising approximately $150.0 million in gross proceeds before deducting underwriting discounts and commissions and other offering expenses. The shares began trading on the Nasdaq Global Select Market on May 11, 2021, under the ticker symbol "TALS."



    • Talaris strengthens organization with key management hires. Mary Kay Fenton joined as Talaris' Chief Financial Officer bringing 25 years of operational, strategic, and transactional experience in the biotechnology industry. The Company also announced several additional hires to augment its organizational strength and build out its in-house manufacturing and quality operations, advance its lead program through a Phase 3 registrational clinical trial, and expand its therapeutic pipeline.



    • Added to the Russell 2000® and Russell Microcap® Indexes. In June 2021, it was announced that Talaris would be added to the Russell 2000 and Russell Microcap Indexes as part of Russell's annual reconstitution. The Russell U.S. Indexes are widely used by investment managers and institutional investors for passive funds and investment products and as benchmarks for active investment strategies.

    Program Updates and Milestones

    • FCR001 in living donor kidney transplant (LDKT). The Company's lead product candidate, FCR001, is currently in a randomized, controlled, open-label, multi-center Phase 3 (FREEDOM-1) trial in the United States. The goal of the FREEDOM-1 trial is to assess the potential of FCR001 to induce durable immune tolerance to the transplanted kidney without the need for chronic immunosuppression to prevent graft rejection. FCR001 has been granted Regenerative Medicine Advanced Therapy (RMAT) and Orphan Drug designations by the U.S. Food and Drug Administration (FDA) in this indication. The Company will provide an initial clinical update on FREEDOM-1 in the fourth quarter of 2021.



    • FCR001 in Delayed Tolerance Induction. In the second half of 2021, the Company plans to initiate a Phase 2 (FREEDOM-2) trial evaluating the potential for FCR001 to induce immune tolerance to a transplanted kidney in patients who received a kidney transplant from a living donor up to a year prior to administration of FCR001.



    • FCR001 in Scleroderma. In the second half of 2021, the Company plans to initiate its first clinical trial in autoimmune diseases with the initiation of its Phase 2 (FREEDOM-3) trial evaluating the safety and clinical activity of FCR001 in patients with a severe form of scleroderma.



    • FCR001 or FCR002 in Deceased Donor Kidney Transplant. The Company is conducting preclinical research to explore the manufacturing of FCR001 or FCR002 from bone marrow procured from deceased organ donors. If successful, the Company plans to initiate IND-enabling studies of FCR001 or FCR002 in deceased donor kidney recipients.



    • FCR001 in Non-Malignant Blood, Immune and Metabolic Disorders. By the end of 2021, the Company expects to announce an additional target indication for FCR001 relating to a severe, non-malignant blood, immune or metabolic disorder.

    First Quarter 2021 Financial Results

    • Cash, Cash Equivalents and Marketable Securities: Talaris finished the first quarter of 2021 with $140.1 million in cash, cash equivalents, and marketable securities compared with $149.5 million as of December 31, 2020. Pro forma cash and equivalents at March 31, 2021, including the $139.5 million in net proceeds from the Company's IPO completed in May 2021, totaled $279.6 million.



    • R&D Expenses: Research and development expenses increased to $6.5 million in the first quarter of 2021, up from $3.5 million in the first quarter of 2020. The increase in research and development expenses was primarily due to an increase in employee headcount necessary to support the growth of the Company's research and development efforts, increased clinical trials costs, and increases in facilities and other expenses.



    • G&A Expenses: General and administrative expenses totaled $2.5 million in the first quarter of 2021, up from $1.4 million in the first quarter of 2020, primarily due to an increase in employee headcount, increased professional fees, and an increase in facilities and other expenses.



    • Net Loss: Talaris reported a net loss of $9.3 million, or $1.30 per share, in the first quarter of 2021, compared with a net loss of $4.8 million, or $0.76 per share, for the first quarter of 2020.

    About Talaris Therapeutics

    Talaris Therapeutics, Inc. is a late-clinical stage biopharmaceutical company developing investigational, one-time, allogeneic cell therapies with the potential to transform the standard of care in solid organ transplantation, certain severe autoimmune diseases, and certain severe non-malignant blood, immune and metabolic disorders. Talaris maintains corporate offices in Boston, MA, and its cell processing facility in Louisville, KY.

    Cautionary Note Regarding Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, including, without limitation, implied and express statements regarding Talaris Therapeutics, Inc.'s ("Talaris," the "Company," "we," or "our") strategy, business plans and focus; the progress and timing of the preclinical and clinical development of Talaris' programs, including FCR001 and FCR002; expectations regarding Talaris' use of capital, expenses and other financial results during 2021 and in the future, and its ability to fund operations into 2025. The words "may," "might," "will," "could," "would," "should," "expect," "plan," "anticipate," "intend," "believe," "expect," "estimate," "seek," "predict," "future," "project," "potential," "continue," "target" or the negative of these terms and similar words or expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words.

    Any forward-looking statements in this press release are based on management's current expectations and beliefs and are subject to a number of risks, uncertainties and important factors that may cause actual events or results to differ materially from those expressed or implied by any forward-looking statements contained in this press release, including, without limitation, risks associated with: the impact of COVID-19 on countries or regions in which the Company has operations or does business, as well as on the timing and anticipated timing and results of its clinical trials, strategy and future operations, including the expected timing and results from FREEDOM-1, the planned initiation of FREEDOM-2 and FREEDOM-3, the planned initiation and timing of IND-enabling studies of FCR001 and FCR002 in deceased donor transplants and the announcement of an additional indication for FCR001; the Company's expectations regarding its management hires; the risk that the results of Talaris' clinical trials may not be predictive of future results in connection with future clinical trials; the Company's ability to successfully demonstrate the safety and efficacy of its drug candidates; the timing and outcome of Talaris' planned interactions with regulatory authorities; and obtaining, maintaining and protecting its intellectual property. These and other risks and uncertainties are described in greater detail in the section entitled "Risk Factors" in the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2021, as well as any subsequent filings with the Securities and Exchange Commission. In addition, any forward-looking statements represent Talaris' views only as of today and should not be relied upon as representing our views as of any subsequent date. Talaris explicitly disclaims any obligation to update any forward-looking statements. No representations or warranties (expressed or implied) are made about the accuracy of any such forward-looking statements.

    Media Contact

    Lisa Raffensperger

    Ten Bridge Communications

    lisa@tenbridgecommunications.com

    (617) 903-8783

    Investor Contact

    Chris Brinzey

    Westwicke, an ICR Company

    chris.brinzey@westwicke.com

    (339) 970-2843

    TALARIS THERAPEUTICS, INC (TALS)
    Statements of Operations
    (Unaudited, in thousands, except share and per share amounts)
     
     Three months ended March 31,
     2021 2020
    Operating expenses   
    Research and development$6,468  $3,535 
    General and administrative 2,537   1,439 
    Total operating expenses 9,005   4,974 
    Loss from operations (9,005)  (4,974)
    Interest and other income (expense), net (294)  126 
    Net loss$(9,299) $(4,848)
        
    Net loss attributable to common stockholders$(9,299) $(4,848)
    Net loss per common share, basic and diluted$(1.30) $(0.76)
    Weighted average number of common shares outstanding used in computation of net loss per common share, basic and diluted 7,160,631   6,390,771 
        
        
    Balance Sheets Selected Financial Data
    (Unaudited, in thousands)
        
     Three months ended March 31, Year ended December

    31,
     2021 2020
    Cash, cash equivalents and marketable securities$140,101  $149,488 
    Working capital 139,222   147,347 
    Total assets 144,900   152,778 
    Other liabilities 1,634   1,369 
    Total liabilities 5,215   4,774 
    Total convertible preferred stock and stockholders' deficit 139,685   148,004 
        
        
    Pro Forma Selected Financial Data
    (Unaudited, in thousands except share amounts)
        
       Pro forma
       March 31, 2021
    Cash, cash equivalents and marketable securities  $279,624 
    Total shares outstanding   41,310,241 
        


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  4. BOSTON and LOUISVILLE, Ky., June 03, 2021 (GLOBE NEWSWIRE) -- Talaris Therapeutics, Inc. (NASDAQ:TALS), a late-clinical stage cell therapy company developing therapies with the potential to transform the standard of care in solid organ transplantation, certain severe autoimmune diseases, and certain severe non-malignant blood, immune and metabolic disorders, announced upcoming presentations of data from the company's Phase 2 study of FCR001 at the American Transplant Congress taking place virtually June 4-9, 2021.

    The accepted oral presentation includes data on the company's analysis of peripheral blood chimerism as a biomarker for transplantation tolerance. Phase 2 data indicate that one, three, six, and 12-month chimerism levels are highly…

    BOSTON and LOUISVILLE, Ky., June 03, 2021 (GLOBE NEWSWIRE) -- Talaris Therapeutics, Inc. (NASDAQ:TALS), a late-clinical stage cell therapy company developing therapies with the potential to transform the standard of care in solid organ transplantation, certain severe autoimmune diseases, and certain severe non-malignant blood, immune and metabolic disorders, announced upcoming presentations of data from the company's Phase 2 study of FCR001 at the American Transplant Congress taking place virtually June 4-9, 2021.

    The accepted oral presentation includes data on the company's analysis of peripheral blood chimerism as a biomarker for transplantation tolerance. Phase 2 data indicate that one, three, six, and 12-month chimerism levels are highly correlated with each other and increasingly predictive over time of the ability to withdraw immunosuppression at one year, suggesting that whole blood and T-cell chimerism could be a valuable surrogate marker of the ability to discontinue immunosuppression at one year without rejection of the transplanted organ.

    In addition, a poster will report on the long-term follow-up of the company's Phase 2 trial in living donor kidney transplant recipients. Among the 37 subjects administered FCR001, 26 displayed durable chimerism allowing for full withdrawal of immunosuppression, and updated data show that all stable chimeric subjects remain rejection-free with a minimum follow-up of four years and the longest follow-up of almost 12 years.

    The company will also be delivering two invited presentations and two sponsored virtual lounge sessions.

    INVITED ORAL PRESENTATIONS

    Title: "Cellular Therapy to Modify the Recipient Immune System"

    Presenter: Suzanne Ildstad, Talaris Therapeutics

    Session Title: New Approaches to Tackling Alloimmunity

    Date & Time: Friday, June 4, 3:00 p.m. ET

    Title: "Peripheral Blood Hematopoietic Chimerism: A Robust Biomarker for Transplantation Tolerance"

    Session Title: What's Hot and What's New

    Date & Time: Wednesday, June 9, 12:25 p.m. ET

    ORAL ABSTRACT PRESENTATION

    Title: "Peripheral Blood Hematopoietic Chimerism: A Robust Biomarker for Transplantation Tolerance"

    Presenter: David Tollerud, Talaris Therapeutics

    Session Title: Biomarkers, Immune Assessment and Clinical Outcomes - I

    Abstract: 18

    Date & Time: Saturday, June 5, 5:05 p.m. ET

    POSTER PRESENTATION

    Title: "Long-Term Follow-Up of a Phase 2 Clinical Trial to Induce Tolerance in Living Donor Renal Transplant Recipients"

    Presenter: Joe Leventhal, M.D., Ph.D., Northwestern Memorial Hospital 

    Session Title: Tolerance: Clinical Studies

    Abstract: 685

    SPONSOR CONNECT SESSIONS

    Session 1: Sunday, June 6, 11:30 a.m. - 12:00 p.m. ET

    Presenter: Suzanne Ildstad, Talaris Therapeutics

    Title: FCR001 Investigational Cellular Therapy in Living Donor Kidney Transplantation

    Session 2: Monday, June 7, 11:30 a.m. - 12:00 p.m. ET

    Presenter: Nancy Krieger, Talaris Therapeutics

    Title: FCR001 Investigational Cellular Therapy in Living Donor Kidney Transplantation

    About Talaris Therapeutics

    Talaris Therapeutics, Inc. is a late-clinical stage biopharmaceutical company developing investigational, one-time, allogeneic cell therapies with the potential to transform the standard of care in solid organ transplantation, certain severe autoimmune diseases, and certain severe non-malignant blood, immune and metabolic disorders. Talaris maintains corporate offices in Boston, Mass., and its cell processing facility in Louisville, Ky.

    Media Contact

    Lisa Raffensperger

    Ten Bridge Communications

    lisa@tenbridgecommunications.com

    (617) 903-8783

    Investor Contact

    Chris Brinzey

    Westwicke, an ICR Company

    chris.brinzey@westwicke.com

    (339) 970-2843



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  5. BOSTON and LOUISVILLE, Ky. , May 11, 2021 (GLOBE NEWSWIRE) -- Talaris Therapeutics, Inc. (NASDAQ:TALS), a late-clinical stage cell therapy company developing therapies with the potential to transform the standard of care in solid organ transplantation, certain severe autoimmune diseases, and certain severe non-malignant blood, immune and metabolic disorders, today announced the closing of its initial public offering of 8,825,000 shares of its common stock at a price to the public of $17.00 per share. The gross proceeds of the offering were approximately $150.0 million, before deducting underwriting discounts and commissions and other offering expenses. The shares began trading on the Nasdaq Global Market on May 7, 2021 under the symbol "TALS…

    BOSTON and LOUISVILLE, Ky. , May 11, 2021 (GLOBE NEWSWIRE) -- Talaris Therapeutics, Inc. (NASDAQ:TALS), a late-clinical stage cell therapy company developing therapies with the potential to transform the standard of care in solid organ transplantation, certain severe autoimmune diseases, and certain severe non-malignant blood, immune and metabolic disorders, today announced the closing of its initial public offering of 8,825,000 shares of its common stock at a price to the public of $17.00 per share. The gross proceeds of the offering were approximately $150.0 million, before deducting underwriting discounts and commissions and other offering expenses. The shares began trading on the Nasdaq Global Market on May 7, 2021 under the symbol "TALS." All shares in the offering were offered by Talaris Therapeutics. In addition, the underwriters have a 30-day option to purchase up to an additional 1,323,750 shares of common stock at the initial public offering price less underwriting discounts and commissions.

    Morgan Stanley, SVB Leerink, Evercore ISI and Guggenheim Securities are acting as joint book-running managers for the offering.

    A registration statement relating to these securities has been filed and was declared effective by the Securities and Exchange Commission on May 6, 2021. This offering was made only by means of a written prospectus. Copies of the final prospectus relating to the initial public offering can be obtained, when available, from: Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; SVB Leerink LLC, Attention: Syndicate Department, One Federal Street, 37th Floor, Boston, MA 02110, by telephone at (800) 808-7525, ext. 6105, or by email at syndicate@svbleerink.com; Evercore Group L.L.C., Attention: Equity Capital Markets, 55 East 52nd Street, 35th Floor, New York, NY 10055, or by telephone at (888) 474-0200, or by email at ecm.prospectus@evercore.com; and Guggenheim Securities, LLC, Attention: Equity Syndicate Department, 330 Madison Avenue, New York, NY 10017, by telephone at (212) 518-5548, or by email at GSEquityProspectusDelivery@guggenheimpartners.com.

    This press release does not constitute an offer to sell or a solicitation of an offer to buy these securities, nor will there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful before registration or qualification under the securities laws of that state or jurisdiction.

    About Talaris Therapeutics

    Talaris Therapeutics, Inc. is a late-clinical stage cell therapy company developing an innovative method of allogeneic hematopoietic stem cell transplantation with the potential to transform the standard of care in solid organ transplantation, certain severe autoimmune diseases, and certain severe non-malignant blood, immune and metabolic disorders. Talaris maintains corporate offices in Boston, Mass., and its cell processing facility in Louisville, Ky.

    Media Contact:

    Lisa Raffensperger

    Ten Bridge Communications

    lisa@tenbridgecommunications.com 

    (617) 903-8783



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