Full-Time
Posted on 7/25/2025
Develops Prime Editing gene therapies
No salary listed
Belmont, MA, USA
Hybrid
Onsite 1-2 times a week in the Watertown office.
Prime Medicine develops gene-editing therapies designed to treat a wide range of genetic diseases. The company utilizes a specific technology called "Prime Editing," which acts like a DNA word processor. This system can search for a specific location in the genetic code and replace a faulty segment of DNA with a corrected version, restoring normal function to the gene. Unlike earlier gene-editing methods like CRISPR-Cas9, which often create double-stranded breaks in DNA that can lead to unpredictable insertions or deletions, Prime Editing makes precise changes without breaking both strands of the DNA helix. This approach allows for more control over the final genetic sequence and reduces the risk of unintended mutations. The company’s goal is to create one-time curative treatments that can halt or prevent genetic disorders, providing lifelong health benefits to patients by addressing the root cause of their conditions at the molecular level.
Company Size
51-200
Company Stage
IPO
Headquarters
Cambridge, Massachusetts
Founded
2019
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Flexible Work Hours
Advanced cell-based therapy booming the success for healthcare sector. Mar 24, 2026, 10:00 ET Issued on behalf of Avaí Bio, Inc. VANCOUVER, BC, March 24, 2026 /CNW/ - USANewsGroup.com - The FDA has approved more than 40 cell and gene therapy products. The regenerative medicine market is projected to reach $578 billion by 2033. Cell therapy alone surpassed $8.2 billion this year. But every cell-based therapy - no matter how revolutionary the science - begins with the same foundational requirement: a reliable, standardized bank of cells to work from. Without that cellular starting material, there is no consistency, no scalability, and no path from laboratory discovery to therapeutic development. A Master Cell Bank (MCB) is the process of taking a single genetically engineered cell and cloning it into tens of millions of identical copies under GMP-compliant conditions. It's the foundational infrastructure that ensures every subsequent step in therapy development works from the same characterized, quality-controlled source. It's not the therapy itself - it's the prerequisite that makes therapy development possible. That distinction matters, because the companies advancing cell therapies right now are each navigating their own version of the journey from cellular science to clinical reality. Prime Medicine (NASDAQ: PRME) is developing prime editing - a next-generation gene editing platform that rewrites DNA without cutting both strands, reducing off-target risks that have haunted earlier CRISPR approaches. The precision is remarkable, but the path from edited cell to approved therapy is measured in years of development, trials, and manufacturing scale-up. Madrigal Pharmaceuticals (NASDAQ: MDGL) presented two-year data showing its therapy, Rezdiffra, significantly improved liver stiffness and fibrosis biomarkers in patients with compensated MASH cirrhosis - demonstrating that biological interventions can deliver sustained, measurable reversal of chronic organ damage. Iovance Biotherapeutics (NASDAQ: IOVA) received FDA approval for Amtagvi, the first approved tumor-infiltrating lymphocyte therapy for advanced melanoma. It's a landmark, but each treatment must be custom-manufactured from the individual patient's own tumor tissue - underscoring how critical scalable cellular infrastructure is to the future of the field. Denali Therapeutics (NASDAQ: DNLI) is advancing tividenofusp alfa for Hunter syndrome, with a PDUFA target date of April 2026 and multiple FDA designations, requiring precise protein engineering to cross the blood-brain barrier. Each of these programs illustrates the same truth: the distance between discovering a biological mechanism and delivering it to patients is defined by the quality of the cellular and manufacturing foundation underneath it. Avaí Bio (OTCQB: AVAI) recently announced the start of a key early-stage milestone alongside joint venture partner Austrianova: creating a Master Cell Bank of genetically modified cells that overexpress the α-Klotho protein. The MCB process clones a single engineered cell into tens of millions of identical copies, establishing the standardized cellular starting material from which all future working cell banks and therapy development for the Klothonova program will proceed. Prof. Walter H. Gunzburg, Chairman of Austrianova, said: "MCBs are a prerequisite for the production of Cell-in-a-Box(R) encapsulated cell products. They provide the foundation for sustainable production and ensure they meet the highest quality standards." The α-Klotho protein at the center of the Klothonova program is one of the most studied protective molecules in aging science. Peer-reviewed research links higher Klotho levels to reduced risk of Alzheimer's, cardiovascular disease, and certain cancers, while natural levels decline by approximately 50% after age 40. The addressable markets span Alzheimer's ($32.8 billion by 2033), cardiovascular disease (the world's leading cause of death), and kidney disease (850 million affected globally). Avaí Bio's dual-program approach also targets diabetes through the Insulinova platform, which, like Klothonova, leverages Austrianova's Cell-in-a-Box(R) encapsulation technology - a delivery system that protects therapeutic cells inside a biocompatible shell, allowing continuous protein secretion without immune rejection. The technology is backed by over 50 peer-reviewed publications. Every cell therapy begins with a single cell. The question is whether that cell has been properly characterized, cloned, and banked under the conditions required to support everything that comes after it. Avaí Bio (OTCQB: AVAI) just answered that question for its α-Klotho program - in a market heading toward $45 billion where the cellular foundation is what separates science from development. Read this and more news for Avaí Bio at: USANewsGroup.com DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. 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Prime Medicine has reported full-year 2025 financial results, ending the year with $191.4 million in cash, providing a financial runway into 2027. The company posted a net loss of $201.1 million whilst focusing resources on its in vivo liver franchise. The biotech is advancing regulatory filings for Wilson Disease and Alpha-1 Antitrypsin Deficiency programmes, with IND or CTA submissions planned for H1 2026 and mid-2026 respectively. Initial clinical data for both indications is expected in 2027. Prime Medicine is also pursuing accelerated FDA approval for PM359, its chronic granulomatous disease candidate, following positive Phase 1/2 data published in the New England Journal of Medicine. The company has deprioritised its CGD programme to focus on high-priority clinical milestones whilst continuing its CAR-T partnership with Bristol Myers Squibb.
CAMBRIDGE, Mass., Aug. 01, 2025 (GLOBE NEWSWIRE) -- Prime Medicine, Inc. (Nasdaq: PRME), a biotechnology company committed to delivering a new class of differentiated one-time curative genetic therapies, today announced the closing of its underwritten public offering of 43,700,000 shares of its
Prime Medicine Inc. (NASDAQ:PRME) recently secured additional funding totaling $39 million from the Cystic Fibrosis Foundation, which, according to the analyst, highlights the potential of its prime editing platform and preclinical data in cystic fibrosis.
Prime Medicine, Inc. (Nasdaq: PRME) has secured up to $24 million in funding from the Cystic Fibrosis Foundation to advance Prime Editing treatments for cystic fibrosis (CF). This investment aims to address genetic mutations like G542X, offering potential long-term solutions for over 93% of CF patients. The funding is structured in two tranches, with an initial $6 million equity investment. Prime Medicine's technology could also impact other genetic diseases and cancers.