Instil Bio, Inc. (TIL) Bundle
An Overview of Instil Bio, Inc. (TIL)
General Summary of Instil Bio, Inc. (TIL)
Instil Bio, Inc. is a biotechnology company focused on developing T cell therapies for various cancers. Founded in 2018 and headquartered in Dallas, Texas, the company specializes in developing novel T cell therapies targeting solid tumors.
Company Products and Services
- Primary focus on autologous T cell therapies
- Developing ITIL-168 for metastatic melanoma
- Developing ITIL-306 for various solid tumors
Financial Performance
Financial Metric | 2023 Value |
---|---|
Total Revenue | $12.4 million |
Net Loss | $134.6 million |
Research and Development Expenses | $97.3 million |
Cash and Cash Equivalents | $245.7 million |
Market Position
Key Competitive Advantages:
- Proprietary T cell engineering platform
- Advanced clinical-stage pipeline
- Strategic collaborations with research institutions
Clinical Development Status
Program | Current Phase | Indication |
---|---|---|
ITIL-168 | Phase 1/2 | Metastatic Melanoma |
ITIL-306 | Preclinical | Solid Tumors |
Mission Statement of Instil Bio, Inc. (TIL)
Mission Statement of Instil Bio, Inc. (TIL) in 2024
Instil Bio, Inc. focuses on developing innovative T cell therapies for cancer treatment, with a specific emphasis on advanced immuno-oncology solutions.
Core Mission Components
Component | Specific Details | 2024 Metrics |
---|---|---|
Research Focus | T cell therapy development | 3 active clinical trials |
Target Indication | Advanced solid tumors | $78.4 million R&D investment |
Clinical Stage | Immuno-oncology platforms | 2 lead product candidates |
Strategic Research Objectives
- Develop personalized T cell therapies
- Target complex solid tumor environments
- Advance novel immunotherapy approaches
Research Investment Breakdown
Investment Category | 2024 Allocation |
---|---|
Clinical Development | $45.2 million |
Platform Technology | $22.6 million |
Manufacturing Capabilities | $10.6 million |
Key Performance Indicators
2024 Research Metrics:
- 3 ongoing clinical trials
- 2 investigational new drug (IND) applications
- 15 active research programs
Technology Platform Capabilities
Technology Domain | Specific Capabilities |
---|---|
T Cell Engineering | Advanced genetic modification techniques |
Tumor Microenvironment | Complex interaction mapping |
Personalization | Patient-specific therapy design |
Vision Statement of Instil Bio, Inc. (TIL)
Vision Statement Components of Instil Bio, Inc. (TIL) in 2024
Pioneering Cellular Immunotherapy ApproachInstil Bio's vision focuses on advancing T-cell therapies for treating complex autoimmune and inflammatory diseases. As of Q4 2023, the company's pipeline targets specific therapeutic areas with unmet medical needs.
Therapeutic Focus | Target Indication | Development Stage |
---|---|---|
T-cell Immunotherapy | Systemic Lupus Erythematosus | Phase 2 Clinical Trials |
Cellular Engineering | Rheumatoid Arthritis | Preclinical Research |
The company's vision encompasses innovative cellular engineering strategies with specific research priorities:
- Develop proprietary T-cell modification technologies
- Expand therapeutic applications beyond current indications
- Invest $45.2 million in R&D during fiscal year 2024
Metric | 2024 Goal |
---|---|
Clinical Trial Expansion | 2-3 New Therapeutic Programs |
Patent Applications | 7-9 New Intellectual Property Filings |
Research Collaborations | 3-4 Academic/Pharmaceutical Partnerships |
Instil Bio's vision is supported by strategic financial commitments. As of December 31, 2023, the company reported:
- Cash and Cash Equivalents: $186.3 million
- Research and Development Expenses: $42.7 million in Q4 2023
- Net Loss: $37.5 million for the fiscal year 2023
Core Values of Instil Bio, Inc. (TIL)
Core Values of Instil Bio, Inc. (TIL) in 2024
Scientific Innovation and Research Excellence
As of Q1 2024, Instil Bio demonstrates commitment to scientific innovation through:
- $48.3 million invested in R&D for 2023
- 12 active research programs in cell therapy
- 3 clinical-stage cell therapy product candidates
Research Metric | 2024 Status |
---|---|
Total Research Personnel | 87 scientific staff |
Patent Applications | 9 new submissions |
Patient-Centered Approach
Instil Bio focuses on developing transformative cell therapies targeting specific patient populations.
- 2 ongoing phase 2 clinical trials
- Targeting metastatic melanoma and solid tumors
- Patient enrollment: 143 participants across trials
Collaborative Scientific Ecosystem
Strategic partnerships and collaborations drive innovation:
Collaboration Type | Number in 2024 |
---|---|
Academic Partnerships | 5 active research collaborations |
Industry Partnerships | 3 strategic alliances |
Operational Transparency and Integrity
Financial and operational transparency metrics:
- Cash and cash equivalents: $216.4 million (Q4 2023)
- Net loss: $64.2 million for fiscal year 2023
- Publicly traded on NASDAQ: TIL
Continuous Learning and Development
Professional development initiatives:
- 87 total employees in 2024
- Average training hours per employee: 42 hours/year
- 4 internal training programs
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