Prime Medicine soars as it inks research collab with BMS

30 September 2024

Cambridge, USA-based Prime Medicine (Nasdaq: PRME) saw its shares rocket more than 38% to $4.78 today, as it revealed a strategic research collaboration and license agreement with Bristol Myers Squibb (NYSE: BMY) to develop reagents for the next generation of ex vivo T-cell therapies.

Under the terms of the accord, Prime Medicine will design optimized Prime Editor reagents for a select number of targets, including reagents that use its Prime Assisted Site-Specific Integrase Gene Editing (PASSIGE) technology.

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