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BEAM losing -7% today. A closer look at what's happening:



 Beam Therapeutics Inc. (BEAM) is trading -7% lower at $58.78 today.

  • The FDA placed its Investigational New Drug (IND) application for BEAM-201, a CAR-T candidate for the treatment of relapsed/refractory T-cell acute lymphoblastic leukemia (T-ALL)/T cell lymphoblastic lymphoma (T-LL), on clinical hold.

Beam Therapeutics Inc. has been trading between a 52-week high of $116.91 and a 52-week low of $27.77. The stock has a market cap of $4.13 Billion.

Beam Therapeutics is a biotechnology company committed to establishing the leading, fully integrated platform for precision genetic medicines. To achieve this vision, Beam has assembled a platform that includes a suite of gene editing and delivery technologies and is in the process of building internal manufacturing capabilities. Beam's suite of gene editing technologies is anchored by base editing, a proprietary technology that enables precise, predictable and efficient single base changes, at targeted genomic sequences, without making double-stranded breaks in the DNA.

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