Prime Medicine and Myeloid Therapeutics Announce Settlement Of Pending Disputes, Signaling An End To The Pending Arbitrations And A Positive Outcome For Both Parties
Portfolio Pulse from Benzinga Newsdesk
Prime Medicine, Inc. (NASDAQ:PRME) and Myeloid Therapeutics, Inc. have announced the resolution of all outstanding disputes, ending pending arbitrations. Both companies view the settlement as positive, allowing them to focus on developing therapies for patients. The CEOs of both companies expressed satisfaction with the outcome and a commitment to advancing their respective scientific and commercial goals.
January 05, 2024 | 10:04 pm
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Prime Medicine has settled all disputes with Myeloid Therapeutics, ending pending arbitrations. This allows the company to continue developing its therapeutic products without legal distractions.
The resolution of legal disputes is generally seen as positive for companies, removing uncertainties and potential financial liabilities. This settlement allows Prime Medicine to allocate more resources and attention to its core business activities, which could positively influence its stock price in the short term.
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