Internship

Spring 2025 Co-op: Supply Chain Specialist

Posted on 9/6/2024

Prime Medicine

Prime Medicine

201-500 employees

Gene editing technology for genetic diseases

Biotechnology
Healthcare

Cambridge, MA, USA

Candidates must be local to the Boston/Cambridge area.

Category
Inventory Management
Procurement & Sourcing
Supply Chain Management
Operations & Logistics
Required Skills
Power BI
Inventory Management
Data Analysis
Excel/Numbers/Sheets
Requirements
  • Proficient in MS Excel and data visualization and analytic tools (Power BI)
  • Proficient in use and development of MS SharePoint
  • Background, experience with inventory management, procurement and production planning and scheduling
  • Strong verbal and written skills; ability to provide focus and clarity
  • Ability to work effectively in a collaborative team environment where results are achieved through influence and the incorporation of multiple points of view
  • Independently motivated, detail oriented and good problem solving ability
  • Excellent organizational skills, sufficient to multi-task in an extremely fast-paced environment with changing priorities
  • APICS CPIM Certification or engagement with Student Chapters a plus
Responsibilities
  • Develop, improve, and implement tools to support the automated analysis and visualization of manufacturing data, financial planning, shipping, and inventory data via Power BI or Spotfire.
  • Manage and perform inventory replenishment, logistics transactions at 3rd Party Logistics (3PL) providers and contract manufacturing organizations (CMO’s).
  • Develop and improve use of tools to support the review and analysis of financials associated with Supply Chain and External Manufacturing activities.
  • Lead supply chain analysis of sourcing for critical raw materials.
  • Develop and maintain process flow diagrams, standard operating procedures, and work instructions to improve standardization of supply chain and external manufacturing processes.
  • Migrate production and quality control data from supplier records to Prime Medicine electronic data repositories
  • Other duties as assigned.

Prime Medicine focuses on gene editing, specifically using a technology called Prime Editing to make precise changes to DNA. This technology can identify and fix faulty DNA segments, which helps restore normal genetic function. The company aims to cure, halt, or prevent genetic diseases, providing long-term benefits to patients. Unlike many competitors, Prime Medicine collaborates with research institutions and pharmaceutical companies to advance its technology and bring it to market, generating revenue through licensing and partnerships. The leadership team has significant experience in developing innovative medicines, highlighting the company's commitment to enhancing its capabilities and operations.

Company Stage

IPO

Total Funding

$306.4M

Headquarters

Cambridge, Massachusetts

Founded

2019

Growth & Insights
Headcount

6 month growth

2%

1 year growth

7%

2 year growth

45%
Simplify Jobs

Simplify's Take

What believers are saying

  • Strategic partnerships, like with Bristol Myers Squibb, offer significant financial and developmental benefits.
  • Increased investment interest, such as the $15M from CF Foundation, boosts research capabilities.
  • The $161M PIPE offering provides substantial capital for growth and innovation.

What critics are saying

  • Patent litigation risks could lead to costly legal battles and financial liabilities.
  • Dependency on strategic partnerships may pose risks if collaborations don't meet expectations.
  • Reliance on external funding through PIPE offerings could be risky if market conditions change.

What makes Prime Medicine unique

  • Prime Medicine uses Prime Editing for precise DNA modifications, setting it apart in biotech.
  • The company targets genetic disorders, a vast market with millions of potential beneficiaries.
  • Prime Medicine's leadership includes industry veterans, enhancing its credibility and operational expertise.

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