Adicet Opens Enrollment for ADI-270 Phase 1 Clinical Trial in Metastatic/Advanced Clear Cell Renal Cell Carcinoma
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 18 2024
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Source: Newsfilter
Clinical Trial Announcement: Adicet Bio, Inc. has opened enrollment for a Phase 1 clinical trial of ADI-270, an allogeneic gamma delta CAR T cell therapy targeting metastatic clear cell renal cell carcinoma (ccRCC), with preliminary data expected in the first half of 2025.
Therapy Details: ADI-270 is designed to target CD70-positive cancers and aims to improve treatment outcomes for patients with solid tumors by overcoming challenges posed by the immunosuppressive tumor microenvironment.
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Analyst Views on ACET
Wall Street analysts forecast ACET stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ACET is 10.67 USD with a low forecast of 5.00 USD and a high forecast of 18.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
4 Buy
0 Hold
0 Sell
Strong Buy
Current: 8.500
Low
5.00
Averages
10.67
High
18.00
Current: 8.500
Low
5.00
Averages
10.67
High
18.00
About ACET
Adicet Bio, Inc. is a clinical-stage biotechnology company. It is engaged in advancing a pipeline of off-the-shelf gamma delta T cells, engineered with chimeric antigen receptors (CARs), to facilitate durable activity in patients. Its lead product candidate, ADI-001, a first-in-class allogeneic gamma delta T cell therapy expressing a CAR targeting CD20, is being developed for the potential treatment of autoimmune diseases. ADI-001 contains an anti-CD20 CAR that has a proprietary antigen-binding domain that recognizes a region of CD20 distinct from that recognized by rituximab. Its pipeline also includes ADI-270, an investigational allogeneic gamma delta CAR T cell therapy targeting CD70 via the CD27-ligand for the treatment of RCC and with potential in other solid tumor and hematological malignancy indications. Its pipeline has additional internal gamma delta T cell therapy programs in discovery and preclinical development for both hematological malignancies and solid tumors.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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Adicet Bio Announces 1-for-16 Reverse Stock Split to Maintain Listing Compliance
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