Prelude Therapeutics Incorporated Company profile
About Prelude Therapeutics Inc
Prelude Therapeutics Inc. is a clinical-stage precision oncology company. The Company is focused on discovering and developing small molecule therapies optimized to target the key driver mechanisms in cancers. Its drug discovery engine is designed to identify biological targets and create new chemical entities (NCEs). Its pipeline includes six programs, including methyltransferases, kinases, protein-protein interactions and targeted protein degraders. The Company is developing therapies in both solid tumors and hematological malignancies, such as adenoid cystic carcinoma (ACC), homologous recombination deficient positive (HRD+), cancers, myelofibrosis (MF) and glioblastoma multiforme (GBM), amongst others. The Company’s product candidates include PRT543, PRT811, PRT1419, PRT2527, PRT-SCA2 and PRT-K4.
Financial summary
BRIEF: For the fiscal year ended 31 December 2021, Prelude Therapeutics Inc revenues was not reported. Net loss increased 96% to $111.7M. Higher net loss reflects Research and development increase of 70% to $77.3M (expense), Stock-based Compensation in SGA increase from $3M to $11.5M (expense), General and administrative - Balancing increase from $7.6M to $15.5M (expense).
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