litigation
confidence high
sentiment negative
materiality 0.55
Prime Medicine settles arbitration with Myeloid for $13.5M payment
Prime Medicine, Inc.
- Company to pay Myeloid $13.5M to resolve two arbitration proceedings related to former research collaboration.
- Settlement includes mutual covenants and release of all claims between parties.
- Arbitrations previously disclosed in Q3 2023 Form 10-Q.
- Agreement dated January 4, 2024, entered into between Prime Medicine and Myeloid.