Prime Medicine stock rallies 15% on Bristol Myers deal, drug updates

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Prime Medicine (NASDAQ:PRME) shares rallied 15% Monday after the company announced a collaboration with Bristol Myers Squibb (NYSE:BMY), which includes a $55M equity investment. Under the deal, Prime ...

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Under the deal, Prime ...</p>\n\n<a href=\"https://seekingalpha.com/news/4154603-prime-medicine-stock-rallies-on-bristol-myers-deal-drug-updates\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Prime Medicine stock rallies 15% on Bristol Myers deal, drug updates</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPrime Medicine stock rallies 15% on Bristol Myers deal, drug updates\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-01 00:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4154603-prime-medicine-stock-rallies-on-bristol-myers-deal-drug-updates><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Prime Medicine (NASDAQ:PRME) shares rallied 15% Monday after the company announced a collaboration with Bristol Myers Squibb (NYSE:BMY), which includes a $55M equity investment. Under the deal, Prime ...</p>\n\n<a href=\"https://seekingalpha.com/news/4154603-prime-medicine-stock-rallies-on-bristol-myers-deal-drug-updates\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE0009355771.USD","symbol_name":"骏利亨德森环球生命科技A Acc","start_time":0,"source_url":"https://seekingalpha.com/news/4154603-prime-medicine-stock-rallies-on-bristol-myers-deal-drug-updates","article_id":"2472359373","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1617236488/image_1617236488.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2472359373","pubTimestamp":1727713472,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Prime Medicine  shares rallied 15% Monday after the company announced a collaboration with Bristol Myers Squibb , which includes a $55M equity investment. Under the deal, Prime  will receive $55M upfront and the $55M investment. Prime  will also be eligible to receive more than $3.5B in various milestone payments, along with royalties on any net sales. The collaboration will focus on the development and commercialization of several Prime Edited ex vivo T-cell therapies. Bristol Myers  will oversee development, manufacturing and commercialization of the cell therapies, with Prime  supporting the collaboration’s gene editing strategy and reagent development, Prime  said in a statement.  Prime  added that the Bristol Myers  deal will help extend its cash runway into the first half of 2026. 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Under the deal, Prime (PRME) will receive $55M upfront and the $55M investment. Prime (PRME) will also be eligible to receive more than $3.5B in various milestone payments, along with royalties on any net sales. The collaboration will focus on the development and commercialization of several Prime Edited ex vivo T-cell therapies. Bristol Myers (BMY) will oversee development, manufacturing and commercialization of the cell therapies, with Prime (PRME) supporting the collaboration’s gene editing strategy and reagent development, Prime (PRME) said in a statement.  Prime (PRME) added that the Bristol Myers (BMY) deal will help extend its cash runway into the first half of 2026. Prime (PRME) also said it plans to report initial data in 2025 from a Phase 1/2 study of its therapy candidate for chronic granulomatous disease, along with new preclinical data in Q4 for its Wilson’s disease program.  The company hopes to file an application with U.S. and/or Canadian regulators to begin clinical testing for the Wilson’s disease therapy in the first half of 2026.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2472359373"}