Gritstone bio, Inc.: Business Overview, Financials & Competitive Analysis
Gritstone bio, Inc. scores 2/10 on the AskCyborg Cyborg Score (Challenged). Early-stage immunotherapy platform with promising science undermined by critical financial failure and delisted status. The company filed for Chapter 11 bankruptcy in October 2024. Market capitalization stands at $3.8M with the stock declining 98.3% over the past year. The platform and pipeline remain scientifically interesting but company viability is.
What is Gritstone bio, Inc.'s industry? Gritstone bio, Inc. (gritstonebio.com) operates in Biotechnology - Immunotherapy & Oncology. AskCyborg classifies Gritstone bio, Inc. under Biotechnology - Immunotherapy & Oncology in its company registry.
Gritstone bio discovers, develops, manufactures and delivers next generation cancer and infectious disease immunotherapy candidates. The company uses self-amplifying mRNA (samRNA) and chimpanzee adenovirus (ChAd) vect...
Cyborg Score thesis
Early-stage immunotherapy platform with promising science undermined by critical financial failure and delisted...
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Get Current Report FreeGritstone bio, Inc. Overview
Pro stress-test →Gritstone bio discovers, develops, manufactures and delivers next generation cancer and infectious disease immunotherapy candidates. The company uses self-amplifying mRNA (samRNA) and chimpanzee adenovirus (ChAd) vectors to elicit desired immune responses. The company faces severe financial distress following bankruptcy restructuring.
Strategic Profile
Pro stress-test →The company's two oncology programs in clinical-stage development are GRANITE, an individualized neoantigen-based immunotherapy, and SLATE, an off-the-shelf shared neoantigen-based immunotherapy. The company has also developed a COVID-19 vaccine candidate supported by U.S. government contracts and is researching a functional cure for HIV in collaboration with the National Institutes of Health.
Competitive Landscape
Pro stress-test →Gritstone competes in the personalized cancer immunotherapy and vaccine development space against larger, better-capitalized biotechs including Moderna, BioNTech, and Inovio. However, bankruptcy and delisting have effectively removed it from active competition. The company's neoantigen-personalized approach competes conceptually with similar therapies from larger oncology platforms.
Industry Context
Gritstone bio, Inc. operates in Biotechnology - Immunotherapy & Oncology.
Key facts
Founded: 2015 · Headquarters: Emeryville, US · Market cap: $3.8M