Prime Medicine (PRME)

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Prime Medicine, Inc. is a biotechnology company developing genetic medicines based on prime editing, a gene-editing approach designed to make precise changes to DNA. The company’s strategy is to create potentially durable, and in some cases potentially curative, treatments for diseases caused by defined genetic alterations, acquired cellular dysfunction, or abnormal gene expression.

Prime editing is intended to expand the range of possible genetic corrections beyond certain earlier editing methods by enabling targeted insertions, deletions, and base substitutions without relying on double-strand DNA breaks in the same way as traditional CRISPR approaches. Prime Medicine is working to translate this platform into therapeutic candidates across multiple disease areas, with particular attention to conditions where a single genetic defect is well understood and correction could have meaningful clinical impact.

Its pipeline includes PM577 for Wilson disease, a rare inherited disorder involving impaired copper transport. The program is designed to initially correct the H1069Q mutation in the ATP7B gene, one of the mutations associated with the disease. Preclinical work has supported targeted correction and restoration of copper homeostasis in animal models.

Prime Medicine is also developing PM647 for alpha-1 antitrypsin deficiency, a liver-related genetic disease with substantial unmet medical need. Like many platform biotechnology companies, Prime’s prospects depend on delivery technology, editing efficiency, safety, durability of effect, manufacturing execution, and regulatory progress.

As a public biotech stock, Prime Medicine offers exposure to a frontier area of genomic medicine, but it also carries the scientific, clinical, and financing risks typical of early-stage therapeutic development.

3.14 USD
3.09 USD
−0.07 (-2.18%)
After-hours

Last updated

Market Cap
579.78M
P/E
P/FCF
P/S
143.72
Enterprise Value
515.68M
Sector
Health Care
Industry
Biological Products, Except Diagnostic Substances
Address
60 FIRST ST., CAMBRIDGE, MA, 02141
GlobeNewswire Inc.

Prime Medicine to Participate in Upcoming Investor Conferences

25 Feb 2026, 13:00 PM
GlobeNewswire Inc.

Prime Medicine Announces The New England Journal of Medicine Publication of PM359 Clinical Data for the Treatment of Chronic Granulomatous Disease

07 Dec 2025, 13:05 PM
GlobeNewswire Inc.

Prime Medicine Reports Third Quarter 2025 Financial Results and Provides Business Updates

07 Nov 2025, 12:00 PM
GlobeNewswire Inc.

Prime Medicine Announces Pricing of Public Offering

31 Jul 2025, 02:33 AM
GlobeNewswire Inc.

Prime Medicine Unveils Program for the Treatment of Alpha-1 Antitrypsin Deficiency (AATD)

18 Mar 2025, 11:00 AM
GlobeNewswire Inc.

Prime Medicine Reports Third Quarter 2024 Financial Results and Provides Business Updates

12 Nov 2024, 21:00 PM
GlobeNewswire Inc.

Prime Medicine to Participate in Upcoming Investor Conferences

06 Nov 2024, 21:00 PM
GlobeNewswire Inc.

Prime Medicine Unveils Strategically Focused Pipeline

30 Sept 2024, 12:01 PM
Zacks Investment Research

Top 5 Small-Cap Biotechnology Stocks for a Stable Portfolio

21 Jun 2024, 13:24 PM
Zacks Investment Research

Wall Street Analysts Believe Prime Medicine, Inc. (PRME) Could Rally 120.95%: Here's is How to Trade

30 May 2024, 14:55 PM
Zacks Investment Research

Does Prime Medicine, Inc. (PRME) Have the Potential to Rally 133.64% as Wall Street Analysts Expect?

14 May 2024, 14:55 PM
GlobeNewswire Inc.

Prime Medicine to Present at H.C. Wainwright 2nd Annual BioConnect Investor Conference at NASDAQ

13 May 2024, 13:00 PM
GlobeNewswire Inc.

Prime Medicine Presents Preclinical Data Demonstrating Ability of PM359 to Efficiently, Reproducibly and Durably Correct Causative Mutation of Chronic Granulomatous Disease (CGD)

08 May 2024, 13:00 PM
Zacks Investment Research

What Makes Prime Medicine, Inc. (PRME) a New Buy Stock

03 May 2024, 17:00 PM
GlobeNewswire Inc.

Prime Medicine Announces FDA Clearance of Investigational New Drug (IND) Application for PM359 for the Treatment of Chronic Granulomatous Disease (CGD)

29 Apr 2024, 12:00 PM
GlobeNewswire Inc.

Prime Medicine Reports Full Year 2023 Financial Results and Provides Business Updates

01 Mar 2024, 13:00 PM
GlobeNewswire Inc.

Prime Medicine Announces Closing of Upsized Public Offering and Full Exercise of the Underwriters’ Option to Purchase Additional Shares

20 Feb 2024, 21:01 PM
GlobeNewswire Inc.

Prime Medicine Announces Pricing of Upsized Public Offering

15 Feb 2024, 04:50 AM
GlobeNewswire Inc.

Prime Medicine Announces Proposed Public Offering of Common Stock

14 Feb 2024, 21:05 PM
GlobeNewswire Inc.

Prime Medicine Receives Up to $15 Million from Cystic Fibrosis Foundation to Advance Hotspot and PASSIGE™ Prime Editors for Cystic Fibrosis

25 Jan 2024, 13:00 PM
Market Cap
579.78M
Enterprise Value
515.68M
P/E
P/B
7.56
P/S
143.72
EV / EBITDA
-2.59
EV / Sales
127.83
EPS
-1.1
Dividend Yield
0%
P/FCF
P/CF
Free Cash Flow
-158.74M
ROE
-258.64%
ROA
-67.31%
Debt / Equity
0
Current Ratio
2.54
Quick Ratio
2.54
Cash
1.18
Avg Volume
2.44M
Fundamentals Snapshot Price
3.21

Income Statement

Line Item 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1
Revenue 856K 838K 1.23M 1.12M 1.45M
Gross profit 856K 838K 1.23M 1.12M 1.45M
Operating income -50.65M -48.61M -53.97M -53.38M -52.39M
EBITDA -48.8M -46.73M -52.09M -51.51M -50.69M
Net income -49.12M -46.08M -50.58M -52.59M -51.89M
Basic EPS -0.28 -0.24 -0.32 -0.41 -0.4
Diluted EPS -0.28 -0.24 -0.32 -0.41 -0.4

Balance Sheet

Line Item 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1
Total assets 294.73M 342.73M 385.01M 279.01M 328.16M
Total liabilities 218.03M 221.87M 223.19M 218.15M 221.24M
Total equity 76.7M 120.87M 161.82M 60.86M 106.92M
Cash & equivalents 64.11M 63.03M 71.4M 53.8M 91.88M
Current assets 137.89M 181.29M 231.41M 121.29M 163.77M
Current liabilities 54.29M 55.45M 35.02M 34.11M 34.29M

Cash Flow

Line Item 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1
Operating cash flow -42.71M -37.26M -35.04M -41.41M -48.86M
Investing cash flow 43.39M 28.33M -92.12M 2.77M -47.74M
Financing cash flow 393K 562K 144.75M 197K 6M
Change in cash 1.07M -8.36M 17.59M -38.44M -90.6M
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