Atara Biotherapeutics Inc
NASDAQ:ATRA

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Atara Biotherapeutics Inc Logo
Atara Biotherapeutics Inc
NASDAQ:ATRA
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Price: 17.5 USD -2.02% Market Closed
Market Cap: 126.2m USD

Atara Biotherapeutics Inc
Investor Relations

Atara Biotherapeutics, Inc. is an allogeneic T-cell immunotherapy company, which pioneers the development of transformative therapies for patients with serious diseases including solid tumors, hematologic cancers, and autoimmune diseases. The company is headquartered in South San Francisco, California and currently employs 578 full-time employees. The company went IPO on 2014-10-16. The firm is a developer of T-cell immunotherapy, leveraging its novel allogeneic Epstein-Barr virus (EBV) T-cell platform to develop transformative therapies for patients with serious diseases, including solid tumors, hematologic cancers, and autoimmune disease. Its platform leverages the biology of EBV T cells and has the capability to treat a range of EBV-driven diseases or other serious diseases through engineered chimeric antigen receptors (CARs) or T-cell receptors (TCRs). The Company’s pipeline products include Tab-cel, ATA188, ATA2271, ATA3271 and ATA3219. The Company’s T-cell immunotherapy, tab-cel (tabelecleucel), is in Phase III development for patients with EBV-driven post-transplant lymphoproliferative disease (EBV+ PTLD) who have failed rituximab or rituximab plus chemotherapy, as well as other EBV-driven diseases. Its ATA188 is a T-cell immunotherapy for the treatment of multiple sclerosis.

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Last Earnings Call
Fiscal Period
Q3 2023
Call Date
Nov 1, 2023
AI Summary
Q3 2023

Expanded Partnership: Atara announced a global expansion of its tab-cel partnership with Pierre Fabre, covering U.S. and worldwide commercialization.

Financial Impact: The deal brings up to $640 million in additional consideration, significant double-digit tiered royalties, and $30 million upfront with $100 million in regulatory milestone payments possible through BLA approval.

Cost Reduction: Strategic restructuring will reduce workforce by about 30% and planned cash expenditures by roughly 40% or $100 million by end of 2025.

Cash Runway: Atara expects current cash and anticipated partnership payments to fund operations into Q3 2025.

Pipeline Milestones: EMBOLD Phase II data for ATA188 in progressive MS is on track for early November, with ATA3219 lymphoma data expected in the second half of 2024.

Regulatory Progress: Positive FDA assessment supports a BLA submission for tab-cel, expected in Q2 2024.

Royalty Terms: Atara will receive significant double-digit tiered royalties on tab-cel sales, though the exact royalty rate was not disclosed.

Key Financials
Cash
$102 million
Workforce Reduction
30%
Planned Cash Expenditure Reduction
40% or $100 million by end of 2025
Tab-cel Deal Consideration
Up to $640 million
Tab-cel Upfront Payment
$30 million
Tab-cel Regulatory Milestone Payments
$100 million
Tab-cel U.S. Peak Sales Potential
Over $500 million per year
Tab-cel Listed Price (Europe)
$640,000
Earnings Call Recording
Other Earnings Calls
2023

Management

Dr. Anhco Nguyen Ph.D.
President, CEO & Director
No Bio Available
Mr. Eric Hyllengren
Executive VP, COO & CFO
No Bio Available
Alex Chapman
Vice President of Corporate Communications & Investor Relations
No Bio Available
Ms. Jill Henrich
Executive VP and Global Head of Regulatory Affairs & Quality
No Bio Available
Mr. Dan Maziasz
Executive VP & Chief Business Officer
No Bio Available
Ms. Rajani Dinavahi M.D.
Senior VP & Chief Medical Officer
No Bio Available

Contacts

Address
CALIFORNIA
South San Francisco
611 Gateway Blvd Ste 900
Contacts
+16502788930.0
www.atarabio.com