Acquired Company
Selecta Biosciences acquired Cartesian Therapeutics, Inc. on 11/14/2023 in a stock-for-stock merger, with the combined company renamed Cartesian Therapeutics, Inc. and its common stock trading under RNAC.
Cartesian Therapeutics, Inc., a clinical-stage biotechnology company, provides mRNA cell therapies for the treatment of autoimmune diseases. The company's lead product candidate is Descartes-08, an autologous mRNA CAR-T directed against the B cell maturation antigen (BCMA), which is in Phase 2b clinical trials for the treatment of autoimmune diseases, generalized myasthenia gravis, and systemic lupus erythematosus, as well as rare pediatric disease designation for the treatment of juvenile dermatomyositis. It is also developing Descartes-15, an autologous anti-BCMA mRNA CAR-T to treat autoimmune diseases, such as relapsed/refractory multiple myeloma. The company is headquartered in Frederick, Maryland. Show more
7495 New Horizon Way, Frederick, MD, 21703, United States
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Market Cap
181.5M
52 Wk Range
$5.98 - $19.50
Previous Close
$6.98
Open
$7.02
Volume
296,306
Day Range
$6.91 - $7.75
Enterprise Value
121.9M
Cash
143.4M
Avg Qtr Burn
-15.6M
Insider Ownership
60.76%
Institutional Own.
20.03%
Qtr Updated
09/30/25
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| Drug & Indication | Stage & Event | Catalyst Date |
|---|---|---|
SEL-212 (Pegadricase) Details Chronic refractory gout, Arthritis | BLA Submission | |
Descartes-08 Details Myasthenia gravis | Phase 3 Data readout | |
Descartes-08 Details Myositis | Phase 2 Initiation | |
Descartes-08 Details Juvenile dermatomyositis, Juvenile systemic lupus erythematosus (SLE), Juvenile Myasthenia gravis (MG), Anti-neutrophil cytoplasmic antibody associated vasculitis | Phase 2 Initiation | |
Descartes-15 Details Multiple myeloma | Phase 1 Data readout | |
Descartes-08 Details Systemic lupus erythematosus | Failed Discontinued | |
SEL-302 (MMA-101 + ImmTOR) Details Genetic disorder, Methylmalonic acidemia | Failed Discontinued |
