Welcome to our dedicated page for Prelude Therapeutics news (Ticker: PRLD), a resource for investors and traders seeking the latest updates and insights on Prelude Therapeutics stock.
Prelude Therapeutics Incorporated reports news around its precision oncology pipeline, including clinical and preclinical programs aimed at genetically and epigenetically defined cancer targets. Recurring updates cover PRT12396, a mutant-selective JAK2V617F inhibitor being developed for certain myeloproliferative neoplasms, and PRT13722, an orally bioavailable selective KAT6A degrader being developed in breast cancer.
Company announcements also address FDA and IND-related developments, preclinical data presentations at oncology and hematology meetings, financial results, investor presentations, executive appointments, and capital-structure activity tied to its Nasdaq-listed common stock.
Prelude Therapeutics completed its IPO, raising approximately $181.9 million. The company reported a net loss of $16.8 million for Q3 2020, an increase from $6.7 million in Q3 2019. Clinical updates include a partial response in a glioblastoma multiforme patient during the PRT811 trial and a durable complete response in an ovarian cancer patient in the PRT543 trial. Prelude's cash and equivalents stood at $234.8 million as of September 30, 2020, indicating robust financial positioning for upcoming clinical trials.
Prelude Therapeutics has priced its initial public offering of 8,325,000 shares at $19.00 per share, aiming for gross proceeds of approximately $158.2 million. The offering will close on September 29, 2020, and shares are set to trade on the Nasdaq under the ticker PRLD starting September 25, 2020. An additional 1,248,750 shares may also be purchased by underwriters within 30 days. Morgan Stanley, Goldman Sachs & Co. LLC, and BofA Securities are managing the offering.