$300 million bet on Beam reflects interest in gene base editing
A collaboration between one of the world’s largest drug companies, Pfizer (NYSE: PFE), and a young precision medicine company called Beam Therapeutics (Nasdaq: BEAM), will explore the potential for a new technique in precision medicine.
Beam is trying to develop genetic medicines through the use of base editing, which avoids the generation of potentially harmful double strand breaks (DSBs).
The approach is based on the revolutionary CRISPR gene editing technology, which allows researchers to edit genes in a precise and efficient manner.
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