Senti Biosciences Stock Near $1: FDA Signal and Cash Test Put SNTI Back on Watch
Senti Biosciences shares traded near $1 in U.S. premarket Tuesday after the Memorial Day break, following an FDA update on its SENTI-202 cell therapy. The company reported $8.9 million in cash at March 31 and a $4.2 million quarterly net loss. Senti secured a financing deal for up to $40 million in convertible notes with Celadon Partners. The biotech sector remained weak ahead of the holiday.