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Prime Medicine, Inc.: Buy Rating Backed by Promising Gene Editing Advancements and Robust Pipeline

Prime Medicine, Inc.: Buy Rating Backed by Promising Gene Editing Advancements and Robust Pipeline

Sean Lee CFA, an analyst from H.C. Wainwright, reiterated the Buy rating on Prime Medicine, Inc. (PRMEResearch Report). The associated price target remains the same with $10.00.

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Sean Lee CFA has given his Buy rating due to a combination of factors surrounding Prime Medicine, Inc.’s promising advancements in gene editing technology. The company’s lead product candidate, PM359, is expected to demonstrate proof of concept for prime editing in the treatment of chronic granulomatous disease (CGD). The anticipated clinical data from the ongoing Phase 1/2 study in 2025 could highlight the clinical potential of prime editing, potentially acting as a catalyst for the stock.
Additionally, Prime Medicine’s expansion into the in vivo liver franchise with a new program targeting alpha-1 antitrypsin deficiency (AATD) and the advancement of their drug candidate for Wilson’s Disease (WD) further strengthen their pipeline. The unmet needs in these areas and the promising preclinical data suggest significant market opportunities. Despite the financial loss reported in 1Q25, the company’s cash reserves are deemed sufficient to support operations into the first half of 2026, providing a stable financial outlook.

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