Fate Therapeutics, Inc.

Halal Rating :
Comfortable
Last Price $1.0
Market Cap $119.18m
1D Change

2.48 %

1 Year Change

-71.88 %

Next Earnings Date

Yet to be announced

Company Overview

Fate Therapeutics, Inc. is a clinical-stage biopharmaceutical company engaged in the development of programmed cellular immunotherapies for patients with cancer and immune disorders. The company's primary focus is on developing off-the-shelf, iPSC-derived cell products for the treatment of various cancers and other serious conditions.

Revenue Sources

Pass

Based on SEC filings and company reports, Fate Therapeutics generates revenue primarily from collaboration agreements and research activities related to its cell therapy programs. These activities involve the development of novel therapeutic approaches using cellular immunotherapy, which are halal activities. No revenue is derived from haram sources such as alcohol, gambling, or other prohibited activities.

Reliance on Interest

Reporting Date Total Revenue Total Expense Interest Income Interest Expense Interest Income Ratio Interest Expense Ratio
Dec. 31, 2024 $1.86m $63.61m - - 0.00% 0.00%
Sept. 30, 2024 $3.07m $55.45m - - 0.00% 0.00%
June 30, 2024 $6.77m $51.85m - - 0.00% 0.00%
March 31, 2024 $1.93m $52.99m - - 0.00% 0.00%

The company is still in its pre-revenue/R&D phase, primarily focused on developing its therapeutic candidates. Over the past four quarters, the company has reported no interest income or interest expense. Given the company's pre-revenue status and R&D focus, we skip the interest ratio calculations as they would not reflect the company's mature operating state.

Operational Ethics

Pass

Based on available information from SEC filings and company materials, there is no evidence of significant ongoing associations with entities involved in human rights violations. The company's operations and research facilities are primarily based in the United States, with no identified R&D centers or significant operations in Israel or direct ties to the Chinese Communist Party.

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