Prometheus Biosciences, Inc.

Prometheus Biosciences, Inc.

RXDX
Prometheus Biosciences, Inc.US flagNASDAQ Global Select
199.92
USD
+0.18
- -
9.56BMarket Cap
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Capital Structure

FRC

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Working Capital

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Growth Rates

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Quarterly Revenue

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Quarterly Earnings Per Share

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Quarterly Dividends Per Share

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Company Description

MCPAPIChat
CEO
Mark C. McKenna
Full Time Employees
97
Sector
Healthcare
Industry
Biotechnology
Address
9410 Carroll Park Drive San Diego CA United States of America 92121
IPO Date
Mar 12, 2021
Business
Prometheus Biosciences, Inc. (RXDX), founded in 2016 and headquartered in San Diego, California, discovers, develops, and commercializes novel precision therapeutics and companion diagnostics for immune-mediated diseases, with a primary focus on inflammatory bowel disease (IBD) including ulcerative colitis and Crohn's disease; its lead product candidate is PRA023 (now MK-7240 following acquisition), a humanized monoclonal antibody targeting tumor necrosis factor-like ligand 1A (TL1A) associated with intestinal inflammation and fibrosis, currently advancing in clinical trials for ulcerative colitis, Crohn's disease, systemic sclerosis-associated interstitial lung disease, and other autoimmune conditions; the company leverages its proprietary Prometheus360 platform, which integrates machine learning with extensive patient data from genetics, serologics, transcriptomics, and longitudinal clinical outcomes to identify drug targets and biomarkers. Prometheus operates in the biotechnology sector, serving patients and healthcare providers worldwide through its precision medicine approach to gastroenterology and immunology. In June 2023, Merck & Co., Inc. completed its $10.8 billion acquisition of Prometheus, making it a wholly-owned subsidiary delisted from Nasdaq, thereby integrating PRA023 and additional pipeline assets including PR600, PR300, PR1100, PR1800, and PR2100 into Merck's immunology portfolio to accelerate development and commercialization.

Company News

MCPAPIChat
  • Merck beats on revenue boosted by Keytruda sales, but posts quarterly loss due to Prometheus deal

  • SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates RXDX, MDWT, RUTH

  • PROMETHEUS BIOSCIENCES INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Prometheus Biosciences, Inc. - RXDX

  • Prometheus Biosciences, Inc. (RXDX) is a Great Momentum Stock: Should You Buy?

  • Prometheus Biosciences, Inc. (RXDX) Reports Q1 Loss, Tops Revenue Estimates

  • PROMETHEUS BIOSCIENCES INVESTOR ALERT By the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Prometheus Biosciences, Inc. - RXDX

  • Why Prometheus Biosciences Stock Is Skyrocketing This Week

  • Why Merck Is Buying Prometheus Biosciences For About $10.8 Billion

  • Prometheus Biosciences, Inc. (RXDX) Stock Jumps 69.7%: Will It Continue to Soar?

  • Roivant Sciences shares spike on Merck-Prometheus Biosciences deal

  • Merck's Prometheus Acquisition Is A Step In The Right Direction

  • Why Shares of Prometheus Biosciences Are Soaring Monday

  • Biotech stock Prometheus Biosciences opened 70% up today: here's why

  • Prometheus (RXDX) Stock Surges 70% on Buyout Offer From Merck

  • Merck Nabs Prometheus Bio For $10.8 Billion As Keytruda Patent Expirations Loom

  • RXDX Stock Alert: The $10.8 Billion Reason Prometheus Biosciences Is Surging Today

  • Merck's $10.8 Billion Prometheus Deal Has Citi Analysts Bullish

  • Why Is Prometheus Biosciences (RXDX) Stock Up 70% Today?

  • Prometheus Biosciences, XPeng and State Street are among the stocks on the move

  • Merck Strengthens Immunology Pipeline with Acquisition of Prometheus Biosciences, Inc.