We are a clinical-stage biopharmaceutical company leveraging our proprietary next-generation, non-viral gene engineering technologies to create ground-breaking, life-saving cell and gene therapies for patients with high unmet medical need.
We are using our broad gene engineering platform technologies to bring new and better treatments to patients with serious diseases — blood cancers like multiple myeloma, solid tumor cancers like prostate and breast cancer, and rare genetic diseases in the liver.
Poseida was established in 2015 as a spinout from parent company Transposagen, an early leader in the development of gene engineering technologies, also founded by our CEO, Eric Ostertag, M.D., Ph.D. Dr. Ostertag, the first graduate of the University of Pennsylvania’s gene therapy program, is a pioneer in the field of cell and gene therapies.
- Early Trials
In 2017 the company presented pre-clinical data demonstrating tumor response in its lead CAR-T product candidate, P-BCMA-101 in multiple myeloma, followed soon after by pre-clinical data for P-PSMA-101 in prostate cancer showing potent anti-tumor activity and persistent, durable responses. In December 2017, Poseida received a grant from The California Institute for Regenerative Medicine (CIRM) to support the Phase 1 clinical trial for P-BCMA-101. The first BCMA patient in the trial was dosed later that year.
- Growing Pipeline
Poseida completed a financing round in the spring of 2018 to support the development of the P-BCMA-101 program in multiple myeloma and later received an additional grant from CIRM to support our preclinical studies for P-PSMA-101 in prostate cancer. In November 2018, we received Regenerative Medicine Advanced Therapy (RMAT) designation from the U.S. Food and Drug Administration for P-BCMA-101 for the treatment of multiple myeloma and Orphan Drug designation in the year following.
- Going Public
We dosed the first patient in a Phase 1 clinical trial of our second product candidate, P-PSMA-101, in May 2020. Poseida completed a crossover financing round just prior to an initial public offering (IPO) in July 2020, going public on the Nasdaq under the ticker symbol PSTX. The company is currently listed on the Russell 2000 Index and the Nasdaq Biotech Index (NBI).
- Looking Forward
We are looking forward to advancing our programs in CAR-T and in gene therapies, including an off-the-shelf allogeneic CAR-T in BCMA and another in MUC1C, our first solid tumor product candidate with multiple potential targets. We continue to develop our gene therapies initially addressing pediatric liver disease.