Cathie Wood’s ARK Buys More Intellia Shares Amid Positive Clinical Data

Published 1 days agoNTLA

Cathie Wood’s ARK Buys More Intellia Shares Amid Positive Clinical Data

Cathie Wood's ARK Investment Management has shown renewed confidence in Intellia Therapeutics by boosting its investment in the company's shares. On October 18, 2024, ARK purchased 161,792 shares of Intellia, with the transaction amounting to approximately $3.39 million. This acquisition was spread across ARK's ARKK and ARKG ETFs, Reuters reported.

As of January 2025, ARK holds a substantial 12,536,386 shares of Intellia, valued at $101 million, making up 1.28% of its total portfolio. This significant investment highlights ARK's strategic focus on innovative genetic technologies. Intellia's recent positive clinical trial results, particularly for its CRISPR-based therapy NTLA-2002, have shown a 67% reduction in kallikrein levels after a single dose, indicating progress in treating hereditary angioedema.

Intellia is sharpening its focus on its late-stage programs, such as NTLA-2002 and nexiguran ziclumeran for transthyretin amyloidosis. These initiatives are projected to offer significant value in the near term, reflecting the company's commitment to advancing gene-editing therapies that could transform the healthcare landscape. ARK's investment increase underscores its belief in Intellia's potential for impactful financial and healthcare outcomes.

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