Lineage Cell Therapeutics, Inc., a clinical-stage biotechnology company, developing cell replacement therapies to treat serious medical conditions in the United States and internationally. The company develops OpRegen, an allogeneic retinal pigment epithelium cell replacement therapy, which is in Phase 2a clinical trial for the treatment of the age-related macular degeneration; and OPC1, an allogeneic oligodendrocyte progenitor cell therapy that is in Phase 1/2a multicenter clinical trial for the treatment of cervical spinal cord injuries. It also offers ReSonance (ANP1), an allogeneic auditory neuron progenitor cell transplant, which is in preclinical development for the treatment of sensorineural hearing loss; and PNC1, an allogeneic photoreceptor cell transplant, which is in preclinical development for the treatment of vision loss due to photoreceptor dysfunction or damage. In addition, the company is developing RND1, a novel hypoimmune induced pluripotent stem cell line for the development of a cell transplant candidate for the potential treatment of an undisclosed indication, as well as engages in the research and development of ILT1, an allogeneic cell transplant for the treatment of Type 1 Diabetes; and LCT-CON, an allogeneic cell transplant, as well as therapeutic products for retinal diseases, neurological diseases, ophthalmology, metabolic, and disorders and oncology. The company has a collaboration agreement with William Demant Invest for the preclinical development of ReSonance (ANP1). It also has a strategic collaboration with Factor Bioscience Inc. for the development of genetically engineered iPSC line for the company to utilize for differentiation into certain cell transplant product candidates. The company was formerly known as BioTime, Inc. and changed its name to Lineage Cell Therapeutics, Inc. in August 2019. Lineage Cell Therapeutics, Inc. was incorporated in 1990 and is headquartered in Carlsbad, California.
Lineage Cell Therapeutics Reports Second Quarter 2026 Financial Results and Provides Business Update
Lineage Cell Therapeutics reported Q2 2026 revenue of $1.1 million, down from $2.8 million in the prior year, primarily due to deferred collaboration revenue from Roche/Genentech. The company posted net income of $1.5 million, or $0.01 per share, driven by a fair value remeasurement of warrant liabilities and the absence of a prior-year impairment charge.
Operationally, the company highlighted positive 3-year Phase 1/2a data for its OpRegen cell therapy, showing sustained vision gains in geographic atrophy patients. Additionally, Lineage advanced its new COR1 program for corneal disease into in-vivo testing, leveraging its proprietary AlloSCOPE 5D manufacturing platform.
The balance sheet remains robust with $50.8 million in cash and marketable securities, sufficient to fund planned operations into the third quarter of 2028.