Editas Medicine, Inc. EDIT has made rapid progress in the development of its lead pipeline candidate, EDIT-101, which employs CRISPR gene editing, to treat Leber congenital amaurosis type 10 (LCA10) — a rare genetic illness that causes blindness.Last month, the company announced initial data from the phase I/II BRILLIANCE study evaluating EDIT-101 for the treatment of blindness due to LCA10.Preliminary results from the study were based on safety and efficacy data from the first two cohorts – the adult low-dose cohort and the adult mid-dose cohort.In June 2021, Editas started enrollment in the first of two planned pediatric cohorts in the phase I/II BRILLIANCE study evaluating EDIT-101 for treating LCA10. Treatment in the adult high-dose cohort is currently ongoing while treatment in the pediatric mid-dose cohort has just begun.This apart, Editas has commenced the phase I/II RUBY study to assess the safety and efficacy of another pipeline candidate, EDIT-301, for treating sickle cell disease. The company plans to dose the first patient in the RUBY study by the end of 2021.Editas also plans to submit an investigational new drug filing to the FDA to begin clinical studies on EDIT-301 for the treatment of beta-thalassemia by 2021-end.We note that Editas has no approved product in its portfolio at the moment. Therefore, successful development of EDIT-101, along with other pipeline candidates, remains in key focus for the company.Stiff competition remains a headwind as several other companies like CRISPR Therapeutics CRSP, Intellia Therapeutics NTLA and Beam Therapeutics BEAM are also engaged in developing candidates to address different indications using CRISPR/Cas9 gene-editing technology. Moreover, Editas’ pipeline candidates are in early-stage development and years away from commercialization. Hence, any regulatory setbacks for the pipeline candidates will be a major setback for the company. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. You know this company from its past glory days, but few would expect that it's poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks' Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Beam Therapeutics Inc. (BEAM): Free Stock Analysis Report Editas Medicine, Inc. (EDIT): Free Stock Analysis Report Intellia Therapeutics, Inc. (NTLA): Free Stock Analysis Report CRISPR Therapeutics AG (CRSP): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research