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Discovery of PRT3789, a first-in-class potent and selective SMARCA2 degrader in clinical trials for the treatment of patients with SMARCA4 mutated cancers

Key Takeaway: Prelude Therapeutics has announced the discovery of PRT3789, a first-in-class SMARCA2 degrader. This innovative drug is currently in clinical trials aimed at treating patients with cancers that have SMARCA4 mutations. The development showcases the commitment of the Prelude Therapeutics team to advancing targeted therapies in oncology.
Price reaction · baseline $2.32 (2023-10-19 close) · hit pre-market · 2 other PRLD headline(s) in the window, move may be shared
day 0 close · peak
+3%

Market Sentiment Analysis

POSITIVE FACTORS

  • Introduction of PRT3789 as a first-in-class SMARCA2 degrader.
  • Potential to treat patients with SMARCA4 mutated cancers.
  • Involvement of a dedicated team at Prelude Therapeutics.

BiopharmaWatch Analysis

From our catalyst data and publicly available data · not financial advice
Best trade, last catalyst
+217%
120-day peak, hindsight
Typical move
8.2%
average across 4 past catalysts
Cash runway
~29 mo
Minimal dilution risk
Lead asset
PRT1419
Phase 1 · Multiple Myeloma

Full Press Release Details

Koichi Ito, Michael Hulse, Anjana Agarwal, Jack Carter, Monisha Sivakumar, Komali Vykuntam, Norman Fultang, Ashley Schwab, Min Wang, Miles Coward, Joy Cote, William Gowen-MacDonald, Brian Vidal Torres, Justin Kurian, Neha Bhagwat, Alexander Grego, Andrew Moore, Jessica Burtell, Olusola Peace Osinubi, Jacob Spruance, Liang Lu, Philip Pitis, Corey Basch, Klare Bersch, Chaofeng Dai, Raul Leal, Artem Shvartsbart, Ganfeng Cao, Bo Shen, Patrick Wen, Chaoyi Xu, Joseph Rager, Ross Kuskovsky, Bob Landman, Tom Emm, Stefan Ruepp, Chunhua Qin, Gina Paris, Jennifer Xavier, Rachel Chiaverelli, Sang Hyun Lee, Sandy Geeganage, Hong Lin, Diane Heiser, Bruce Ruggeri, Naveen Babbar, William Novotny, Andrew Combs, Peggy Scherle and all SMARCA2 Team Members at Prelude Therapeutics

Frequently Asked Questions

What is PRT3789?

PRT3789 is a first-in-class SMARCA2 degrader developed by Prelude Therapeutics.

What cancers does PRT3789 target?

PRT3789 is designed to treat patients with SMARCA4 mutated cancers.

Is PRT3789 currently in trials?

Yes, PRT3789 is currently undergoing clinical trials.

Who is developing PRT3789?

PRT3789 is being developed by Prelude Therapeutics.

Last updated: Oct 20, 2023