David Liu's biotech shoots for $150M+ IPO raise to develop CRISPR 3.0
Last quarter’s biotech IPO raise was the lowest in five years, but the team at Prime Medicine thinks their “holy crap” gene editing technology can break the spell.
The Cambridge, MA-based company, founded by Harvard biologist and gene editing pioneer David Liu, penciled in a $151 million raise on Thursday, setting the terms for an 8.9 million-share offering at a range of $16 to $18. At the midpoint, the preclinical startup would be worth $1.7 billion.
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