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Prime Medicine Priced, Nasdaq: PRME

Preclinical biotech developing novel gene editing therapies for various diseases.

Industry: Health Care

Latest Trade: $16.95 -0.34 (-2.0%)

First Day Return: -9.6%

Return from IPO: +1.7%

Industry: Health Care

We are a biotechnology company committed to delivering a new class of differentiated one-time curative genetic therapies, Prime Editors, to address the widest spectrum of diseases by deploying our Prime Editing technology, which we believe is a versatile, precise, efficient and broad gene editing technology. Prime Medicine was co-founded by a world-renowned leader in the field of gene editing, David Liu, Ph.D. Dr. Liu was joined as co-founder by Andrew Anzalone, M.D., Ph.D., who conceived of and developed Prime Editing technology. On September 20, 2022, we achieved a major milestone as the United States Patent and Trademark Office, or the USPTO, issued U.S. Patent 11,447,770, or the ‘770 Patent, covering methods of using Prime Editors. The ‘770 Patent is the first issued Prime Editing patent in our licensed patent portfolio and we believe it will be instrumental in protecting our Prime Editing platform and pipeline of gene editing programs. We in-license our Prime Editing technology pursuant to a license agreement with the Broad Institute, Inc., or Broad Institute.
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IPO News for Prime Medicine
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IPO Data
IPO File Date 09/23/2022
Offer Price $17.00
Price Range $16.00 - $18.00
Offer Shares (mm) 10.3
Deal Size ($mm) $175
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 10/19/2022
Offer Price $17.00
Price Range $16.00 - $18.00
Offer Shares (mm) 10.3
Deal Size ($mm) $175
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Cambridge, MA
Founded 2019
Employees 150
Website www.primemedicine.com