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Century Therapeutics Reports Third Quarter 2025 Financial Results and Provides Business Update

Key Takeaway: Century Therapeutics reported its third quarter 2025 financial results, highlighting advancements in its iPSC-derived therapies. The company is focusing on its beta islet program for Type 1 Diabetes (T1D) and plans to initiate IND-enabling studies by the end of 2025. Additionally, CNTY-308 is set to enter clinical trials next year, supported by promising preclinical data.
Price reaction · baseline $0.5633 (2025-11-12 close) · hit pre-market · clean, no other IPSC news in the window
day 0 close · peak
-17.5%
day 1
-16.2%
day 3
-13%

Market Sentiment Analysis

POSITIVE FACTORS

  • Advancement of iPSC-derived beta islet program for T1D.
  • Compelling preclinical data suggesting potential for a functional cure.
  • Plans to initiate IND-enabling studies by the end of 2025.
  • Strong evidence supporting CNTY-308's clinical entry next year.

BiopharmaWatch Analysis

From our catalyst data and publicly available data · not financial advice
Best trade, last catalyst
+339%
120-day peak, hindsight
Typical move
2.2%
average across 3 past catalysts
Cash runway
~18 mo
Low dilution risk
Lead asset
CNTY-101
Phase 1 · Systemic Lupus Erythematosus

Full Press Release Details

PHILADELPHIA, Nov. 13, 2025 (GLOBE NEWSWIRE) -- Century Therapeutics, Inc. (‘Century’, NASDAQ: IPSC), a biotechnology company developing induced pluripotent stem cell (iPSC)-derived cell therapies for autoimmune diseases and cancer, today reported financial results for the third quarter ended September 30, 2025, and provided a business update.
“Today we announced our iPSC derived beta islet program for T1D. We have generated a compelling preclinical data package that underscores the tremendous opportunity to potentially deliver a functional cure for T1D. We are moving with urgency and anticipate initiating IND-enabling studies by the end of 2025, with a projected IND submission as early as 2026. In parallel, we continue to advance CNTY-308 with plans to enter the clinic next year, supported by a strong and growing body of evidence from autologous CD19 CAR-T experience in autoimmune diseases,” said Brent Pfeiffenberger, Pharm.D., Chief Executive Officer of Century Therapeutics. “Our priority remains on developing innovative therapies for high-impact areas. Consequently, we are focusing our resources and expertise on these two programs. With our iPSC Cell Foundry, Allo-Evasion™ 5.0 technology, and manufacturing know-how, we believe Century is uniquely positioned to deliver potentially curative cell therapies, and we are eager to advance our lead programs into the clinic as soon as possible.”

Third Quarter 2025 and Recent Highlights

Third Quarter 2025 Financial Results

About Century TherapeuticsCentury Therapeutics (NASDAQ: IPSC) is a biotechnology company advancing a pipeline of induced pluripotent stem cell (iPSC)-derived cell therapies with the potential to meaningfully address autoimmune diseases and cancer. The company’s therapies are derived from its iPSC cell foundry and leverage its novel immune evasion engineering technology, Allo-Evasion™. Century believes its approach to developing off-the-shelf cell therapies will expand patient access and provide advantages over existing cell therapies which will ultimately advance the course of care. For more information on Century Therapeutics, please visitwww.centurytx.comand connect with us on LinkedIn.
Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of, and made pursuant to the safe harbor provisions of, The Private Securities Litigation Reform Act of 1995. All statements contained in this press release, other than statements of historical facts or statements that relate to present facts or current conditions, including but not limited to, statements our timing and expectations regarding our preclinical and clinical development programs, including their planned development, therapeutic potential and market opportunity, ongoing and planned regulatory interactions, the achievement of developmental milestones, corporate strategies, and our financial resources and expected cash runway are forward-looking statements. These statements involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. In some cases, you can identify forward-looking statements by terms such as “may,” “might,” “will,” “should,” “expect,” “plan,” “aim,” “seek,” “anticipate,” “could,” “intend,” “target,” “project,” “contemplate,” “believe,” “estimate,” “predict,” “forecast,” “potential” or “continue” or the negative of these terms or other similar expressions. The forward-looking statements in this press release are only predictions. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our business, financial condition, and results of operations. These forward-looking statements speak only as of the date of this press release and are subject to a number of risks, uncertainties and assumptions, some of which cannot be predicted or quantified and some of which are beyond our control, including, among others: our ability to successfully advance our current and future product candidates through development activities, preclinical studies, and clinical trials; our ability to meet development milestones on anticipated timelines; uncertainties inherent in the results of preliminary data, pre-clinical studies and earlier-stage clinical trials, which may not be predictive of final results or the results of later-stage clinical trials; our ability to obtain clearance of our future IND or CTA submissions and commence and complete clinical trials on expected timelines, or at all; our reliance on the maintenance of certain key collaborative relationships for the manufacturing and development of our product candidates; the timing, scope and likelihood of regulatory filings and approvals, including final regulatory approval of our product candidates; the impact of geopolitical issues, trade disputes and tariffs, banking instability and inflation on our business and operations, supply chain and labor force; the performance of third parties in connection with the development of our product candidates, including third parties conducting our clinical trials as well as third-party suppliers and manufacturers; our ability to successfully commercialize our product candidates and develop sales and marketing capabilities, if our product candidates are approved; our ability to recruit and maintain key members of management and our ability to maintain and successfully enforce adequate intellectual property protection. These and other risks and uncertainties are described more fully in the “Risk Factors” section of our most recent filings with the Securities and Exchange Commission and available at www.sec.gov. You should not rely on these forward-looking statements as predictions of future events. The events and circumstances reflected in our forward-looking statements may not be achieved or occur, and actual results could differ materially from those projected in the forward-looking statements. Moreover, we operate in a dynamic industry and economy. New risk factors and uncertainties may emerge from time to time, and it is not possible for management to predict all risk factors and uncertainties that we may face. Except as required by applicable law, we do not plan to publicly update or revise any forward-looking statements contained herein, whether as a result of any new information, future events, changed circumstances or otherwise.
Century Therapeutics, Inc
Condensed Balance Sheets
(unaudited, in thousands)
September 30, December 31,
Assets 2025 2024
Current Assets: $ $
Cash and cash equivalents 55,515 58,441
Short-term investments 77,234 130,851
Prepaid expenses and other current assets 4,960 4,759
Total current assets 137,709 194,051
Property and equipment, net 53,715 62,141
Operating lease right-of-use assets, net 16,566 28,706
Restricted Cash 2,314 2,772
Long-term investments - 30,818
Intangible assets 34,200 34,200
Other long-term assets 213 528
Total assets $ 244,717 $ 353,216
Liabilities, convertible preferred stock, and stockholders' equity
Current liabilities:
Accounts payable $ 2,617 $ 3,075
Accrued expenses and other liabilities 11,071 17,543
Contingent consideration liability, short term 8,338 -
Deferred revenue, current - 109,164
Total current liabilities 22,026 129,782
Operating lease liability, noncurrent 41,185 48,960
Contingent consideration liability, long term 784 8,738
Deferred tax liability 4,374 4,374
Total liabilities 68,369 191,854
Stockholders' equity
Preferred stock - -
Common stock 9 9
Additional paid-in capital 949,015 943,366
Accumulated deficit (772,740) (782,337)
Accumulated other comprehensive loss 64 324
Total stockholders' equity 176,348 161,362
Total liabilities and stockholders' equity $ 244,717 $ 353,216
Century Therapeutics, Inc
Condensed consolidated statements of operations
(unaudited, in thousands, except share and per share amounts)
Three Months Ended Three Months Ended Nine Months Ended Nine Months Ended
September 30, 2025 September 30, 2024 September 30, 2025 September 30, 2024
Collaboration Revenue $ - $ 791 $ 109,164 $ 2,416
Operating Expenses
Research and development 22,526 27,228 75,972 77,869
General and administrative 6,835 8,352 23,047 25,400
Impairment of long-lived assets 6,763 - 6,763 -
Total operating expenses 36,124 35,580 105,782 103,269
Income (loss) from operations (36,124) (34,789) 3,382 (100,853)
Interest income 1,605 3,305 6,037 10,126
Other income, net 97 250 172 248
Income (loss) before provision for income taxes (34,422) (31,234) 9,591 (90,479)
Benefit (provision) for income taxes - 8 - (14)
Net income (loss) $ (34,422) $ (31,226) $ 9,591 $ (90,493)
Unrealized gain (loss) on investments (19) 1,075 (260) 622
Foreign currency translation adjustment gain (loss) - (8) - 28
Comprehensive income (loss) $ (34,441) $ (30,159) $ 9,331 $ (89,843)
Net income (loss) per common shareBasic (0.40) (0.37) 0.11 (1.18)
Net income (loss) per common shareDiluted (0.40) (0.37) 0.11 (1.18)
Weighted average common shares outstandingBasic 86,464,066 84,704,352 86,312,863 76,394,266
Weighted average common shares outstandingDiluted 86,464,066 84,704,352 86,390,294 76,394,266

Frequently Asked Questions

What are the key highlights from Century Therapeutics' Q3 2025?

Century highlighted advancements in its iPSC-derived therapies, particularly for T1D.

When does Century plan to initiate IND-enabling studies?

Century plans to start IND-enabling studies by the end of 2025.

What is CNTY-308's status in clinical development?

CNTY-308 is expected to enter clinical trials next year.

What potential does Century see in its T1D program?

Century believes its T1D program could potentially deliver a functional cure.

Last updated: Nov 13, 2025