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Prime Medicine, Inc. - $PRME STOCK NEWS

Welcome to our dedicated page for Prime Medicine news (Ticker: $PRME), a resource for investors and traders seeking the latest updates and insights on Prime Medicine stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Prime Medicine's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Prime Medicine's position in the market.

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Prime Medicine, Inc. presents preclinical data showing PM359's ability to correct CGD mutation, with FDA clearance for Phase 1/2 trial. CGD is a rare disease causing severe infections. PM359 demonstrated high correction rates, restored neutrophil function, and clinical-scale production of edited cells.

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Prime Medicine, Inc. (Nasdaq: PRME) will participate in the 27th Annual Milken Institute Global Conference with its CEO, Dr. Keith Gottesdiener, discussing cutting-edge technologies and scientific breakthroughs. The panel aims to offer insights into the future and will be livestreamed on May 8, 2024.

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Prime Medicine, Inc. (Nasdaq: PRME) receives FDA clearance for PM359 IND application to treat Chronic Granulomatous Disease (CGD). PM359, an ex vivo product candidate utilizing Prime Editing Technology, aims to correct prevalent disease-causing mutations of CGD. Initial clinical data expected in 2025.

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Prime Medicine, Inc. (Nasdaq: PRME) announces upcoming presentations of new preclinical data for PM359, demonstrating the potential of Prime Editing technology to correct CGD mutations. The company is on track to enter clinical development in 2024, with initial data expected in 2025. Co-Founder David Liu, Ph.D., receives ASGCT Outstanding Achievement Award.
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Prime Medicine, Inc. (PRME) is maturing into a clinical-stage company, planning to file IND application or CTA for PM359 in 1H 2024. They aim to bring the first Prime Editing-based therapeutic candidate to patients by 2025. The company is progressing their portfolio across core areas, initiating IND-enabling activities for liver and ocular disease programs in 2024. Prime Medicine entered a therapeutic development agreement with the Cystic Fibrosis Foundation for CF treatments. They completed a $161 million public offering and received Orphan Drug Designation for PM359. The company also closed an upsized underwritten public offering and appointed a new CFO. Financially, R&D expenses increased to $147.9 million, G&A expenses were $43.4 million, resulting in a net loss of $198.1 million for 2023. Cash position stood at $135.2 million as of December 31, 2023.
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Prime Medicine, Inc. (PRME) announces participation in two upcoming conferences to discuss emerging genetic therapy approaches. Keith Gottesdiener, M.D., President and CEO, will lead the discussions at the TD Cowen 44th Annual Healthcare Conference and Jefferies Biotech on the Bay Summit.
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Prime Medicine, Inc. (PRME) successfully closed an underwritten upsized public offering, selling 22,560,001 shares of common stock and pre-funded warrants, generating approximately $161.0 million in gross proceeds. The offering was managed by J.P. Morgan, Jefferies, TD Cowen, and BMO Capital Markets. The company utilized an effective shelf registration statement on Form S-3 filed with the SEC. The final prospectus supplement is available on the SEC's website for further details.
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Prime Medicine, Inc. (PRME) announces the pricing of an underwritten upsized public offering, aiming to raise approximately $140.0 million through the sale of common stock and pre-funded warrants.
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Prime Medicine, Inc. (PRME) initiates a $125.0 million public offering of common stock, with a 30-day option for additional shares. J.P. Morgan, Jefferies, TD Cowen, and BMO Capital Markets are the underwriters. The offering is made under an effective shelf registration statement filed with the SEC. The company aims to use the funds for business development and operational activities.
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Prime Medicine, Inc. (Nasdaq: PRME) announced that its CEO, Keith Gottesdiener, M.D., will participate in a fireside chat at the Guggenheim Healthcare Talks 6th Annual Biotechnology Conference on February 8, 2024. The chat will be available via live audio webcast on the company's website. A replay will also be available for 30 days.
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Prime Medicine, Inc.

Nasdaq:PRME

PRME Rankings

PRME Stock Data

643.35M
57.38M
25.02%
53.75%
8.27%
Research and Development in Biotechnology
Professional, Scientific, and Technical Services
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United States of America
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