Harvard University

Sparks Economic Growth

Harvard University sparks economic growth by supporting companies like Beam Therapeutics and Editas Medicine, which both received funding from the National Institutes of Health and other federal agencies.

About The Company

Beam Therapeutics was developed by David R. Liu, Professor of Chemistry and Chemical Biology at Harvard. He developed a suite of DNA-based editing technologies that enable precise genetic modifications without making double-stranded breaks in DNA. This innovation allows for more accurate and efficient gene editing. The foundational research was supported by federal funding from the National Institutes of Health (NIH).

Editas Medicine builds on  Harvard’s seminal contributions to the field of genome editing, including the development of Clustered Regularly Interspaced Short Palindromic Repeats (CRISPR) technologies. The company licensed technology developed by Harvard professors Dr. George Church and Dr. David Liu, along with researchers from partner institutions. Their findings made fundamental  contributions to genome editing technologies, including CRISPR. These advancements opened new possibilities for developing gene-edited medicines to treat serious diseases.

Economic Impact

Beam Therapeutics has a market capitalization of $2.32 billion and a total trailing twelve-month revenue of $349.64 million as of late 2024. The company employs 374 people, contributing significantly to job creation in the biotechnology sector. Beam Therapeutics’ innovative approach to base editing has attracted considerable investor interest, positioning it as a leader in the emerging field of precision genetic medicine.

Editas Medicine has a market capitalization of $156.02 million and a total trailing twelve-month revenue of $61.76 million as of late 2024. Editas Medicine employs 266 people and the company’s focus on developing transformative gene editing therapies has the potential to address previously untreatable genetic diseases.