Prime Medicine, Inc./$PRME

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About Prime Medicine, Inc.

Prime Medicine Inc is a biotechnology company committed to delivering genetic therapies to address diseases by deploying gene editing technology, Prime Editing. The Prime Editing technology is a next-generation technology that can search and replace to restore normal genetic function in the genome and can treat a wide spectrum of diseases with high unmet medical needs and efficient and broad gene editing technology.

Ticker

$PRME
Sector
Primary listing

Employees

214

PRME Metrics

BasicAdvanced
$644M
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-$1.45
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Bulls say / Bears say

Prime Medicine reported positive Phase 1/2 proof-of-concept results for PM359 in CGD, with rapid engraftment and restored DHR positivity and no serious adverse events—analysts called this 'solid proof-of-concept' for Prime Editing (BioPharma Dive)
The company secured up to $24 million in additional funding from the Cystic Fibrosis Foundation to support its CF program, signaling strong outside validation and reducing short-term funding pressure (Cystic Fibrosis Foundation)
Prime Medicine completed an underwritten public offering in August 2025, raising $144.2 million and extending its cash runway into 2027, highlighting investor confidence in its strategic focus (Prime Medicine)
Prime Medicine's decision to cut about 25% of its workforce and deprioritize its CGD program could reduce R&D capacity and slow progress across its pipeline as the company focuses on fewer programs (BioPharma Dive)
As of March 31, 2025, Prime Medicine held just over $144 million in cash, providing runway only through the first half of 2026—this highlights its high cash burn and suggests more financing will be needed before it achieves key milestones (BioPharma Dive)
Prime Medicine is currently in binding arbitration with Beam Therapeutics over AATD rights, introducing legal risk that could delay or restrict development of an important program (BioPharma Dive)
Data summarised monthly by Lightyear AI. Last updated on 4 Nov 2025.
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
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