Financial PerformanceThe net proceeds from the offering were approximately $138.2M, which meaningfully strengthened the company's balance sheet and removed its near-term financial overhang.
FundingThe Cystic Fibrosis Foundation committed up to $24 million in additional funding to accelerate the development of prime editors for Cystic Fibrosis.
Gene Editing TechnologyPRME is believed to own the overall best gene editing technology, particularly in light of VERV's proposed acquisition.