Prime Medicine, Inc.PRME

NasdaqHealthcareBiological Products, (No Diagnostic Substances)
Price (close)
$3.07
Market cap
$556.8M
P/E
—
Revenue (TTM)
$4.6M
Net income
-$187.9M
Dividend yield
—
1-year total return
-41.2%
Net margin
—
Revenue growth
—
Debt / equity
—

What Prime Medicine, Inc. does.

We are a biotechnology company focused on developing a new class of genetic medicines designed to provide durable, and potentially curative, treatment options for patients with diseases driven by defined genetic alterations, acquired cellular dysfunction, or dysregulated gene expression. Our approach is grounded in Prime Editing, a next-generation gene editing technology that enables targeted modifications to genomic DNA without introducing double-stranded breaks. We believe Prime Editing represents the most versatile and precise method for rewriting, replacing, or repairing DNA sequences and may allow us to address a broad spectrum of diseases with an improved safety and specificity profile relative to earlier editing technologies. We are advancing a pipeline of wholly owned in vivo programs targeting diseases of the liver, Cystic Fibrosis, or CF, programs with the support of the Cystic Fibrosis Foundation, or CFF, and partnered ex vivo programs with Bristol-Myers Squibb, or BMS, supported by our modular delivery and Prime Editor platform. Early clinical data from our ex vivo program, PM359 for CGD, have demonstrated restoration of functional protein activity in treated patients, providing clinical validation of Prime Editing and a potentially curative treatment for CGD patients.

Revenue and profit, by fiscal year.

Fiscal year202020212022202320242025
Revenue$5.2M$0$0$0$3.0M$4.6M
Net income-$3.4M-$165.4M-$121.8M-$198.1M-$195.9M-$201.1M
Free cash flow-$6.2M-$38.2M-$147.9M-$174.1M-$130.2M-$167.1M

More on PRME.

Figures from Prime Medicine, Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.