Prime Medicine, Inc. ( (PRME) ) has released its Q1 earnings. Here is a breakdown of the information Prime Medicine, Inc. presented to its investors.
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Prime Medicine, Inc. is a biotechnology company focused on developing one-time curative genetic therapies using its proprietary Prime Editing technology, targeting diseases across hematology, immunology, oncology, liver, and lung sectors. In its first quarter of 2025, Prime Medicine reported financial results and provided updates on its pipeline, including the anticipated release of initial data from its Phase 1/2 trial of PM359 for chronic granulomatous disease (CGD) later this year. The company is also advancing its programs for Wilson’s Disease and alpha-1 antitrypsin deficiency (AATD), with investigational new drug applications expected in 2026. Financially, Prime Medicine reported a net loss of $51.9 million for the quarter, with increased R&D and G&A expenses contributing to this figure. The company’s cash position stands at $158.3 million, which is expected to fund operations into the first half of 2026. Looking ahead, Prime Medicine remains focused on advancing its clinical trials and leveraging its Prime Editing platform to address a wide range of genetic diseases.