CRISPR and Sirius Therapeutics initiate Phase 2 trial of SRSD107, targeting venous thromboembolism in knee surgery patients.
Quiver AI Summary
CRISPR Therapeutics and Sirius Therapeutics have announced the dosing of the first patient in a Phase 2 clinical trial for SRSD107, a long-acting siRNA therapy targeting Factor XI to prevent venous thromboembolism (VTE) in patients undergoing total knee arthroplasty. This trial aims to assess SRSD107's safety and efficacy, building on positive Phase 1 results that showed significant FXI level reductions and sustained pharmacodynamic effects. The collaboration between the two biopharmaceutical companies intends to address existing anticoagulant limitations, such as bleeding risks and complex management. SRSD107 has the potential to provide effective thrombosis prevention with minimized bleeding risk, and if successful, could be a leading therapy for patients at high risk of thromboembolic events.
Potential Positives
- The initiation of the Phase 2 clinical trial for SRSD107 marks a significant advancement in CRISPR Therapeutics' pipeline, indicating progress in developing innovative treatments for thromboembolic disorders.
- SRSD107's potential to reduce bleeding risk while providing sustained pharmacodynamic effects offers a promising alternative to existing anticoagulant therapies, potentially enhancing patient outcomes.
- The strategic collaboration with Sirius Therapeutics expands CRISPR Therapeutics' therapeutic portfolio into RNA-based medicines, complementing its gene editing efforts and broadening its impact in treating serious diseases.
- The positive results from prior Phase 1 trials, demonstrating strong tolerance and significant FXI level reductions, provide a strong foundation for the ongoing Phase 2 trial's exploratory objectives.
Potential Negatives
- Potential risks and uncertainties associated with the Phase 2 clinical trial, including the possibility that SRSD107 may not achieve its intended efficacy or safety outcomes based on the forward-looking statements included in the release.
- The collaboration with Sirius Therapeutics suggests heightened dependence on another company for development and commercialization efforts, which may expose CRISPR Therapeutics to additional operational risks.
- The press release does not provide concrete timelines for future developments or milestones, leaving stakeholders uncertain about the clinical program's progress and potential market introduction of SRSD107.
FAQ
What is SRSD107 and its purpose?
SRSD107 is a long-acting siRNA designed to prevent venous thromboembolism in patients undergoing total knee arthroplasty.
What are the outcomes expected from the Phase 2 trial?
The trial aims to evaluate the safety and efficacy of SRSD107 as a potential Factor XI inhibitor.
How does SRSD107 compare to existing anticoagulants?
SRSD107 may reduce bleeding risk and offer infrequent dosing compared to current anticoagulant options.
Who are the companies involved in developing SRSD107?
CRISPR Therapeutics and Sirius Therapeutics are co-developing SRSD107 as part of a strategic collaboration.
Why is Factor XI important in thrombosis treatment?
Factor XI is a key driver of pathological thrombosis, making it vital for developing targeted anticoagulant therapies.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$CRSP Insider Trading Activity
$CRSP insiders have traded $CRSP stock on the open market 6 times in the past 6 months. Of those trades, 4 have been purchases and 2 have been sales.
Here’s a breakdown of recent trading of $CRSP stock by insiders over the last 6 months:
- SIMEON GEORGE has made 3 purchases buying 989,812 shares for an estimated $51,499,918 and 0 sales.
- DOUGLAS A TRECO purchased 20,000 shares for an estimated $1,140,600
- SAMARTH KULKARNI (Chief Executive Officer) sold 13,081 shares for an estimated $760,660
- NAIMISH PATEL (Chief Medical Officer) sold 3,932 shares for an estimated $141,316
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$CRSP Hedge Fund Activity
We have seen 216 institutional investors add shares of $CRSP stock to their portfolio, and 199 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BLACKROCK, INC. added 3,452,819 shares (+132.1%) to their portfolio in Q2 2025, for an estimated $167,945,116
- ORBIS ALLAN GRAY LTD added 1,201,600 shares (+76.9%) to their portfolio in Q2 2025, for an estimated $58,445,824
- GEODE CAPITAL MANAGEMENT, LLC added 1,025,979 shares (+98.1%) to their portfolio in Q2 2025, for an estimated $49,903,618
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- STATE STREET CORP added 859,334 shares (+35.6%) to their portfolio in Q2 2025, for an estimated $41,798,005
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$CRSP Analyst Ratings
Wall Street analysts have issued reports on $CRSP in the last several months. We have seen 7 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- JP Morgan issued a "Overweight" rating on 09/18/2025
- HC Wainwright & Co. issued a "Buy" rating on 08/07/2025
- Chardan Capital issued a "Buy" rating on 08/05/2025
- B of A Securities issued a "Buy" rating on 07/22/2025
- Piper Sandler issued a "Overweight" rating on 06/27/2025
- JMP Securities issued a "Market Outperform" rating on 06/27/2025
- Needham issued a "Buy" rating on 06/26/2025
To track analyst ratings and price targets for $CRSP, check out Quiver Quantitative's $CRSP forecast page.
$CRSP Price Targets
Multiple analysts have issued price targets for $CRSP recently. We have seen 11 analysts offer price targets for $CRSP in the last 6 months, with a median target of $78.0.
Here are some recent targets:
- Brian Cheng from JP Morgan set a target price of $70.0 on 09/18/2025
- Mitchell Kapoor from HC Wainwright & Co. set a target price of $80.0 on 08/07/2025
- Gena Wang from Barclays set a target price of $56.0 on 08/06/2025
- Luca Issi from RBC Capital set a target price of $42.0 on 08/05/2025
- Geulah Livshits from Chardan Capital set a target price of $82.0 on 08/05/2025
- Geoff Meacham from B of A Securities set a target price of $78.0 on 07/22/2025
- Gil Blum from Needham set a target price of $81.0 on 07/08/2025
Full Release
ZUG, Switzerland and BOSTON and SAN DIEGO and SHANGHAI, Sept. 22, 2025 (GLOBE NEWSWIRE) -- CRISPR Therapeutics (NASDAQ: CRSP), a biopharmaceutical company focused on creating transformative gene-based medicines for serious diseases, and Sirius Therapeutics, a clinical stage biotech company developing innovative small interfering RNA (siRNA) therapies for global markets, today announced that the first patient has been dosed in a Phase 2 clinical trial of SRSD107, a next-generation, long-acting Factor XI (FXI) siRNA for the prevention of venous thromboembolism (VTE) in patients undergoing total knee arthroplasty (TKA). SRSD107 is being co-developed by CRISPR Therapeutics and Sirius Therapeutics as part of a strategic collaboration to advance innovative treatments for cardiovascular and clotting-related diseases.
“We are pleased to announce that our Phase 2 clinical trial is now underway, and the first patient has been dosed,” said Naimish Patel, M.D., Chief Medical Officer of CRISPR Therapeutics. “Until now, existing anticoagulant options have been limited by bleeding risk, frequent dosing, and complex management challenges for patients with high thrombotic risk. SRSD107 offers the potential to reduce pathological thrombosis while minimizing bleeding risk, with sustained but reversible pharmacodynamic effects and the possibility of infrequent dosing. We look forward to exploring how this differentiated approach could meaningfully improve outcomes for patients in need.”
“We are very excited to announce that the first patient has been dosed in our Phase 2 trial of SRSD107, marking a significant milestone for this program,” said Patrick Yue, M.D., Chief Medical Officer of Sirius Therapeutics. “This study will evaluate clinical efficacy as proof of concept for Factor XI inhibition using our siRNA approach, building on the positive results from our Phase 1 trials, and we look forward to the progress of this trial.”
The ongoing Phase 2 clinical trial is a randomized, multicenter, global study evaluating the safety and efficacy of SRSD107 for the prevention of VTE in patients undergoing TKA. The trial will assess the anticoagulant effects and pharmacological profile of SRSD107 and help inform dose selection for future pivotal studies, with the goal of confirming its potential as a differentiated approach for reducing thrombotic risk in patients.
SRSD107 is designed to selectively inhibit FXI, a key driver of pathological thrombosis, with minimal impact on normal hemostasis. In prior Phase 1 clinical trials conducted in Australia and China, single doses of SRSD107 were well tolerated and demonstrated strong, sustained pharmacodynamic effects, including reductions of over 93% in FXI levels, along with more than a twofold increase in activated partial thromboplastin time (aPTT) relative to baseline. These effects were sustained, with responses maintained for up to six months post-dosing. SRSD107 has the potential to be a best-in-class FXI inhibitor, achieving deep reductions in FXI with the possibility of infrequent, semi-annual subcutaneous administration and offering reversibility not observed with other anti-FXI modalities. The addressable population includes patients with atrial fibrillation, VTE, cancer-associated thrombosis, chronic Coronary Artery Disease (CAD), chronic Peripheral Vascular Disease (PVD), end-stage renal disease requiring hemodialysis, and patients undergoing major orthopedic surgery, where bleeding risk limits existing therapies.
About Thromboembolic Disorders
Thrombosis, or blood clot formation, is the common underlying mechanism of most cases of myocardial infarction, ischemic stroke, and venous thromboembolism. Published data in The Lancet
1
estimate that thromboembolic disorders are estimated to account for approximately one in four deaths worldwide.
About SRSD107
SRSD107 is a novel double-stranded small interfering ribonucleic acid (siRNA), that is designed to target the human coagulation factor XI (FXI) mRNA and inhibit FXI protein expression. By modulating the intrinsic coagulation pathway, SRSD107 has the potential to provide anticoagulant and antithrombotic effects.
About the CRISPR Therapeutics and Sirius Therapeutics Collaboration
CRISPR Therapeutics and Sirius Therapeutics entered into a strategic collaboration in 2025 to develop and commercialize novel small interfering RNA (siRNA) therapies for thromboembolic disorders and other serious diseases. The lead program, SRSD107, is a long-acting siRNA targeting Factor XI (FXI) with the potential to offer best-in-class efficacy and safety. Under the agreement, the companies will co-develop SRSD107 and share costs and profits equally. CRISPR Therapeutics will lead commercialization in the U.S., while Sirius will lead in Greater China. The collaboration also provides CRISPR Therapeutics with the option to license up to two additional siRNA programs. This partnership expands CRISPR Therapeutics’ therapeutic portfolio into RNA-based medicines, complementing its ongoing efforts in gene editing and broadening its impact across serious and chronic diseases. For Sirius, the collaboration marks a major milestone in its mission to deliver innovative RNA-based therapies globally, leveraging deep expertise in siRNA design and delivery.
About CRISPR Therapeutics
Since its inception over a decade ago, CRISPR Therapeutics has evolved from a research-stage company advancing gene editing programs into a leader that celebrated the historic approval of the first-ever CRISPR-based therapy. The Company has a diverse portfolio of product candidates across a broad range of disease areas including hemoglobinopathies, oncology, regenerative medicine, cardiovascular, autoimmune, and rare diseases. In 2018, CRISPR Therapeutics advanced the first-ever CRISPR/Cas9 gene-edited therapy into the clinic to investigate the treatment of sickle cell disease and transfusion-dependent beta thalassemia. Beginning in late 2023, CASGEVY
®
(exagamglogene autotemcel [exa-cel]) was approved in several countries to treat eligible patients with either of these conditions. The Nobel Prize-winning CRISPR technology has revolutionized biomedical research and represents a powerful, clinically validated approach with the potential to create a new class of potentially transformative medicines. To accelerate its efforts, CRISPR Therapeutics has formed strategic partnerships with leading companies, including Vertex Pharmaceuticals. CRISPR Therapeutics AG is headquartered in Zug, Switzerland, with its wholly-owned U.S. subsidiary, CRISPR Therapeutics, Inc., and R&D operations based in Boston, Massachusetts and San Francisco, California. To learn more, visit
www.crisprtx.com
.
CRISPR THERAPEUTICS ® standard character mark and design logo are trademarks and registered trademarks of CRISPR Therapeutics AG. CASGEVY ® and the CASGEVY logo are registered trademarks of Vertex Pharmaceuticals Incorporated. All other trademarks and registered trademarks are the property of their respective owners.
About Sirius Therapeutics
Sirius is a global, clinical-stage biotech company developing innovative siRNA therapies focusing on the treatment of chronic diseases. The Company’s pipeline is centered around three key franchises with mega blockbuster potential: coagulation disorders, cardiometabolic diseases, and obesity. Sirius’ most advanced investigational programs include SRSD107, a FXI inhibitor targeting the anticoagulation market, SRSD216, an inhibitor of Lp(a) synthesis intended to address atherosclerotic cardiovascular disease, and SRSD384, an INHBE inhibitor for managing obesity.
Founded in 2021 by a world-class leadership team and investors, Sirius has established an innovation center in the United States and a translational medicine center in China. Sirius has raised nearly US$150 million in funding to date from OrbiMed, Creacion Ventures, Hankang Capital, Delos Capital, and BioTrack Capital.
CRISPR Therapeutics Forward-Looking Statement
Statements contained in this press release regarding matters that are not historical facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Such statements include, but are not limited to, statements made by Drs. Patel and Yue in this press release, as well as regarding any or all of the following: (i) CRISPR Therapeutics’ preclinical studies, clinical trials and pipeline products and programs, including, without limitation, expectations regarding data, safety and efficacy generally; (ii) data included in this press release, as well as the ability to use data from ongoing and planned clinical trials for the design and initiation of further clinical trials; (iii) the status and clinical progress of the SRSD107 clinical program and development timelines for such program; (iv) CRISPR Therapeutics’ strategy and goals; (v) the future activities of the parties pursuant to the collaboration and the expected benefits of CRISPR Therapeutics’ collaboration with Sirius Therapeutics; and (vi) the therapeutic value, development, and commercial potential of gene editing and delivery technologies and therapies, including CRISPR/Cas9. Risks that contribute to the uncertain nature of the forward-looking statements include, without limitation, the risks and uncertainties discussed under the heading “Risk Factors” in its most recent annual report on Form 10-K and in any other subsequent filings made by CRISPR Therapeutics with the U.S. Securities and Exchange Commission. Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. CRISPR Therapeutics disclaims any obligation or undertaking to update or revise any forward-looking statements contained in this press release, other than to the extent required by law. This press release discusses investigational therapies and is not intended to convey conclusions about efficacy or safety as to those investigational therapies or uses of such investigational therapies. There is no guarantee that any investigational therapy will successfully complete clinical development or gain approval from applicable regulatory authorities.
Sirius Therapeutics Forward Looking Statement
This press release may contain certain “forward-looking statements” which are not historical facts, but instead are predictions about future events based on Sirius Therapeutic’s current beliefs, assumptions and expectations, commonly identified by words such as "would", "may", "expects", "believes", "plans", "intends", "projects" and other terms with similar meaning. Although we believe that our predictions are reasonable, future events are inherently uncertain, and our actual future results or performance may be materially different from what we expect. Accordingly, you are strongly cautioned that reliance on any forward-looking statements is subject to significant known and unknown risks and uncertainties. All forward-looking statements contained herein are qualified by reference to the cautionary statements set forth in this section. All information provided in this press release is as of the date of this press release and are based on assumptions that we believe to be reasonable as of this date, and we do not undertake any obligation to update any forward-looking statement, except as required under applicable law.
Investor Contact:
+1-617-307-7503
[email protected]
Media Contact:
+1-617-315-4493
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1 Lozano R, Naghavi M, Foreman K, et al. Global and regional mortality from 235 causes of death for 20 age groups in 1990 and 2010: a systematic analysis for the Global Burden of Disease Study 2010. Lancet. 2012;380, 2095-1128.