Thinking of Buying CRISPR Therapeutics Stock? Watch These 2 Key Numbers

Biotechs like CRISPR Therapeutics (NASDAQ: CRSP) can be tricky to invest in, as it isn't always obvious whether management's plans are working or not. Simply focusing on a big-picture figure like revenue often misses key points about what the company has done and where it's going.On that note, CRISPR's Q3 earnings will be reported sometime between Nov. 4 and Nov. 8 at the latest. When those results come out, investors should pay particular attention to two all-important numbers that will determine how it performs in the near term and beyond. Let's take a beat to understand both so that you'll get a clearer signal of whether buying this stock is the right move or not.As you may have heard, CRISPR recently got approval for its first product, a gene therapy called Casgevy, which treats sickle cell disease (SCD) as well as beta-thalassemia. In the long run, with some additional research and development (R&D) investment to increase the size of the therapy's addressable market, management calculates that upwards of 166,000 patients in the U.S. and E.U. could be eligible for treatment.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool