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Prime Medicine, Inc.

NASDAQ:PRME

$3.47 USD

-$0.04 (-1.28%)

Volume
3.51M
Average Volume
3.06M
Market Capitalization
$626.74M
P/E Ratio
-2.74
Dividend Yield
0.00%
Price Target
$7.00
Year High
$6.94
Year Low
$2.67
Day High
Day Low
Payout Ratio
$0.00
Current Ratio
$3.80
Source Headline
Prime Medicine Beats Beam Therapeutics In Patent Dispute - But Both Are Investable

Prime Medicine, Inc. secured a favorable arbitration ruling against Beam Therapeutics, allowing continued development of its PM647 gene editing program for AATD. PRME's Prime Editing platform offers precise, versatile gene correction using LNP delivery, but remains preclinical with IND/CTA filings for PM647 expected mid-2026 and initial clinical data in 2027. PRME lags competitors like Beam, Sanofi, and Arrowhead in the AATD development race, facing significant funding needs and clinical risks.

seekingalpha.com - 2026-07-09 10:22:58

Prime Medicine Secures Favorable Arbitration Ruling in Beam Therapeutics Case

Prime Medicine Inc. (NASDAQ:PRME) said it secured a favorable, binding arbitration ruling in its dispute with Beam Therapeutics Inc. (NASDAQ:BEAM).

benzinga.com - 2026-07-08 13:29:41

Prime Medicine Announces Positive Resolution to Arbitration with Beam Therapeutics

-- Arbitration tribunal declared that PM647 is within Prime Medicine's “Field”, confirming Prime Medicine's right to develop and commercialize PM647 in AATD -- -- Prime Medicine owes no monetary damages to Beam Therapeutics -- -- Prime Medicine plans to submit an IND and/or CTA filing for PM647 in Q3 2026, initial clinical data expected in 2027 -- CAMBRIDGE, Mass., July 08, 2026 (GLOBE NEWSWIRE) -- Prime Medicine, Inc. (Nasdaq: PRME), a biotechnology company committed to delivering a new class of differentiated one-time curative genetic therapies, today announced a positive, binding resolution of its previously disclosed arbitration with Beam Therapeutics, Inc. relating to the parties' 2019 Collaboration and License Agreement (Agreement).

globenewswire.com - 2026-07-08 08:00:00

Prime Medicine Receives U.S. FDA Regenerative Medicine Advanced Therapy (RMAT) Designation for PM359 for the Treatment of Chronic Granulomatous Disease (CGD)

-- RMAT designation granted based on Phase 1/2 clinical data, including results previously published in The New England Journal of Medicine, demonstrating PM359's potential to address unmet need in p47 phox -deficient CGD -- -- Designation enables early and intensive FDA engagement, and provides eligibility for rolling and priority Biologics License Application review -- -- PM359 now holds RMAT, Fast Track, Orphan Drug, and Rare Pediatric Disease Designations -- CAMBRIDGE, Mass., June 22, 2026 (GLOBE NEWSWIRE) -- Prime Medicine, Inc. (Nasdaq: PRME), a biotechnology company committed to delivering a new class of differentiated one-time curative genetic therapies, today announced that the U.S. Food and Drug Administration (FDA) has granted Regenerative Medicine Advanced Therapy (RMAT) designation to PM359, an investigational autologous Prime Edited hematopoietic stem cell therapy for the treatment of p47phox-deficient chronic granulomatous disease (CGD).

globenewswire.com - 2026-06-22 08:00:00

Prime Medicine Announces New Zealand Clearance of Clinical Trial Application for PM577a in H1069Q-mutated Wilson Disease

-- First clinical authorization for an in vivo Prime Editing therapy from Prime Medicine -- -- PM577a targets the H1069Q mutation in the ATP7B gene, the most prevalent WD-causing allele in North America and Europe --

globenewswire.com - 2026-06-18 08:00:00

Ocular Therapeutix vs. Prime Medicine: Which Healthcare Stock Is a Better Buy in 2026?

Ocular Therapeutix is transitioning into a major player in the retinal disease market with its lead program, Axpaxli. Prime Medicine is pioneering a DNA technology to search and replace genetic mutations at their source.

fool.com - 2026-06-15 16:10:02

Prime Medicine's Prime Editing Is Worth The Risk

Prime Medicine's PM359 data gives the stock some early human validation for its main value driver: Prime Editing. PM359 was essentially their most advanced application of Prime Editing, even though CGD is a relatively niche market because it's a rare disease. Management decided to deprioritize PM359, and instead, it's now focused on applying Prime Editing towards larger TAMs like Wilson Disease and AATD.

seekingalpha.com - 2026-06-13 04:51:30

Prime Drink Group Announces Private Placement and Agreed Resolution with Creditors

MONTREAL, June 12, 2026 (GLOBE NEWSWIRE) -- Prime Drink Group Corp. (CSE: PRME) (“Prime” or the “Company”) announces that it is proceeding with a non-brokered private placement offering of units of the Company (the “Units”) to raise minimum gross proceeds of $1,200,000 and maximum gross proceeds of $2,200,000 (the “Unit Offering”).

globenewswire.com - 2026-06-12 18:30:00

Prime Medicine, Inc. (PRME) Presents at Goldman Sachs 47th Annual Global Healthcare Conference 2026 Prepared Remarks Transcript

Prime Medicine, Inc. (PRME) Presents at Goldman Sachs 47th Annual Global Healthcare Conference 2026 Prepared Remarks Transcript

seekingalpha.com - 2026-06-10 15:12:14

Prime Medicine, Inc. (PRME) Presents at Jefferies Global Healthcare Conference 2026 Transcript

Prime Medicine, Inc. (PRME) Presents at Jefferies Global Healthcare Conference 2026 Transcript

seekingalpha.com - 2026-06-05 16:12:55

Prime Medicine to Present at Goldman Sachs 47th Annual Global Healthcare Conference

CAMBRIDGE, Mass., June 03, 2026 (GLOBE NEWSWIRE) -- Prime Medicine, Inc. (Nasdaq: PRME), a biotechnology company committed to delivering a new class of differentiated one-time curative genetic therapies, today announced that Allan Reine, M.D.

globenewswire.com - 2026-06-03 08:00:00

Prime Medicine to Present at Jefferies Global Healthcare Conference

CAMBRIDGE, Mass., May 28, 2026 (GLOBE NEWSWIRE) -- Prime Medicine, Inc. (Nasdaq: PRME), a biotechnology company committed to delivering a new class of differentiated one-time curative genetic therapies, today announced that Allan Reine, M.D.

globenewswire.com - 2026-05-28 08:00:00

Prime Medicine, Inc. (PRME) Reports Q1 Loss, Misses Revenue Estimates

Prime Medicine, Inc. (PRME) came out with a quarterly loss of $0.28 per share versus the Zacks Consensus Estimate of a loss of $0.24. This compares to a loss of $0.4 per share a year ago.

zacks.com - 2026-05-07 12:16:22

Prime Medicine Reports First Quarter 2026 Financial Results and Provides Business Updates

CAMBRIDGE, Mass., May 07, 2026 (GLOBE NEWSWIRE) -- Prime Medicine, Inc. (Nasdaq: PRME), a biotechnology company committed to delivering a new class of differentiated one-time curative genetic therapies, today reported financial results for the quarter ended March 31, 2026 and provided a business update.

globenewswire.com - 2026-05-07 08:00:00

Prime Medicine Appoints Svetlana Makhni as Chief Financial Officer

CAMBRIDGE, Mass., April 16, 2026 (GLOBE NEWSWIRE) -- Prime Medicine, Inc. (Nasdaq: PRME), a biotechnology company committed to delivering a new class of differentiated one-time curative genetic therapies, today announced the appointment of Svetlana Makhni as Chief Financial Officer (CFO).

globenewswire.com - 2026-04-16 08:00:00

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PRME Price Target Summary

Last Month

$7.00

2 analysts

Last Quarter

$7.00

2 analysts

Last Year

$7.00

2 analysts

All Time

$13.83

6 analysts

PRME Recent Analyst Grades

Date Analyst Firm Action Previous Grade New Grade
2026-06-29 HC Wainwright & Co. Upgrade Neutral Buy
2025-11-11 Citigroup Maintain Neutral Neutral
2025-11-10 Chardan Capital Maintain Buy Buy
2025-08-12 Citigroup Maintain Neutral Neutral
2025-08-08 Chardan Capital Maintain Buy Buy
2025-05-27 Citigroup Downgrade Buy Neutral
2025-05-20 JP Morgan Downgrade Overweight Neutral
2025-05-20 HC Wainwright & Co. Downgrade Buy Neutral
2025-05-20 JMP Securities Maintain Market Outperform Market Outperform
2025-05-19 Chardan Capital Maintain Buy Buy
2025-03-20 Chardan Capital Maintain Buy Buy
2025-03-19 HC Wainwright & Co. Maintain Buy Buy
2025-03-04 Citizens Capital Markets Maintain Market Outperform Market Outperform
2025-03-03 Chardan Capital Maintain Buy Buy
2025-03-03 HC Wainwright & Co. Maintain Buy Buy
2024-12-03 Guggenheim Maintain Buy Buy
2024-10-25 HC Wainwright & Co. Maintain Buy Buy
2024-08-09 HC Wainwright & Co. Maintain Buy Buy
2024-05-16 Citigroup Upgrade Neutral Buy
2024-05-13 JP Morgan Maintain Overweight Overweight
2024-04-23 Wedbush Maintain Outperform Outperform
2024-03-08 JP Morgan Maintain Overweight Overweight
2024-03-05 Guggenheim Maintain Buy Buy
2023-11-07 JP Morgan Maintain Overweight Overweight
2023-08-14 Morgan Stanley Maintain Equal Weight Equal Weight
2023-01-24 Morgan Stanley Maintain Equal Weight Equal Weight