Division of Small Business

Prelude Therapeutics raises $60 million in new funding round

Prelude Therapeutics, a Wilmington-based, clinical-stage pharmaceutical company, raised $60 million in a recently closed Series B funding round, the company announced.

The $60 million raised brings to $90 million the amount the company has raised to date, Prelude Therapeutics said in a press release.

Prelude Therapeutics develops small molecule drugs that target the growth of cancer cells.

The company received a $474,491 Delaware Strategic Fund grant in 2017.

Prelude’s founder and CEO, Dr. Kris Vaddi, was part of the founding team at Wilmington-based Incyte Corp.

Click here to read the Prelude Therapeutics press release.

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