Prelude Therapeutics Advances Pipeline and Strengthens Financials
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Prelude Therapeutics, Inc. (PRLD) reported its Q3 earnings, highlighting advancements in its oncology pipeline, including JAK2V617F and KAT6A programs expected to enter clinical development by 2026. The company achieved a reduced net loss of $19.7 million, with decreased R&D and administrative expenses. Strategic collaborations, including a $60 million payment from Incyte, strengthened its financial position. Prelude is advancing its degrader antibody conjugates and exploring new therapeutic targets, maintaining a focus on clinical program advancement and financial stability through 2027.
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