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Gamida Cell Ltd.

gamida-cell.com

No Longer Reporting

The company has not filed an annual or quarterly report since its Q1 FY2024 10-Q, filed May 23, 2024. Its latest SEC filing is a 15-12G from May 24, 2024.

The sections below describe the company as of the FY2023 annual report.

What Did They Do?

Sells Omisirge, a donor-cell therapy for stem cell transplants, to transplant centers treating patients with blood cancers.

How Did They Make Money?

U.S. transplant centers buy Omisirge through the company’s sole U.S. distributor, and payment is tied to delivery of the product to the transplant center.

FY2023 revenue

Who Were Their Customers?

The company sells Omisirge to a sole U.S. distributor, which is its customer.

Did Revenues Turn Into Profits?

No. It lost $63M in FY2023.

Operating income, FY2023
−4094% of revenue
Net income, FY2023
−3531% of revenue
Free cash flow, FY2023
−4496% of revenue

How Were They Changing?

Since the FY2023 annual report
Latest quarter: Q1 FY2024, the three months to Mar 31, 2024
Revenue
Net income
▼ −5% (Loss)
vs −$21M in Q1 FY2023
  • May 24, 2024 Highbridge took ownership after the restructuring and the company’s shares were cancelled. Its U.S. subsidiary also completed a Chapter 11 reorganization, and the chief executive departed.
  • Apr 22, 2024 The company sought U.S. recognition of its Israeli debt restructuring proceeding.

Commercial product The latest report describes Omisirge as an FDA-approved product being commercialized, whereas the older report described omidubicel as an investigational product candidate and planned to seek FDA approval.

Pipeline narrowed The older report described an NK cell therapy as a development candidate and planned to expand the pipeline; the latest report says work on preclinical NK programs was terminated and focuses on commercializing Omisirge.

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