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Prime Medicine Launches With $315m To Fund New Approach To Gene Editing

Executive Summary

The company sees its gene-editing technology, which it compares to a DNA “word processor,” as having potentially broad applicability.

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Finance Watch: Prime Medicine Launches Second-Largest IPO In Second Half Of 2022

Public Company Edition: Prime Medicine raised $175m, making its offering the sixth-largest out of 19 biopharma IPOs in the US this year. Also, Oculis and AUM opted to go public via SPAC mergers, Insmed raised $775m from multiple financings and Dice capitalized on positive data with a $300m offering.

Beam Anticipates Pfizer Deal Will Lead To Additional Partnerships

The $300m upfront payment should provide considerable runway for the base-editing company, which also plans multiple IND filings and enrolling the first patient in its sickle cell study this year.

Mammoth Biosciences Thinks Ultra-Small As It Attains Elephant-Sized Valuation

The Jennifer Doudna-backed startup got a billion-dollar valuation with VC rounds totaling $195m. CEO Trevor Martin talked with Scrip about Mammoth’s ultra-small CRISPR system technology.

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