Financial HealthThe net proceeds from the offering were approximately $138.2M, which meaningfully strengthened the company's balance sheet and removed its near-term financial overhang.
Research And DevelopmentThe Cystic Fibrosis Foundation committed up to $24 million in additional funding to accelerate the development of prime editors for Cystic Fibrosis.
Technological AdvantagePRME's preclinical data and prime editing technology show promise, reflected by the 90% editing efficiency in the second patient treated ex vivo.