Prevail Therapeutics is a US-based gene therapy company focused on developing treatments for neurodegenerative diseases. Founded in 2017 and headquartered in New York, NY, Prevail was acquired by Eli Lilly and Company in 2021 for approximately $880 million, becoming a wholly-owned subsidiary of Lilly["@eli2021"].
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Overview
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Prevail Therapeutics is a US-based gene therapy company focused on developing treatments for neurodegenerative diseases. Founded in 2017 and headquartered in New York, NY, Prevail was acquired by Eli Lilly and Company in 2021 for approximately $880 million, becoming a wholly-owned subsidiary of Lilly["@eli2021"].
Prevail's mission is to develop gene therapies that address the underlying genetic causes of neurodegenerative disorders, with initial focus on Parkinson's disease patients carrying GBA1 or LRRK2 mutations. Their AAV9-based platform enables delivery of therapeutic genes to the central nervous system["@prevail"].
Company Overview
| Attribute | Value | |-----------|-------| | Parent Company | Eli Lilly and Company | | Founded | 2017 | | Headquarters | New York, NY | | Status | Subsidiary of Eli Lilly | | CEO | Gillian H. Mayer (GM, Prevail) |
Acquisition by Eli Lilly
In December 2021, Eli Lilly announced the acquisition of Prevail Therapeutics for approximately $880 million ($22.50 per share)[@acquisition]. This acquisition:
Provided Lilly with a gene therapy platform for neuroscience
Gave access to Prevail's GBA1 and LRRK2 programs
Expanded Lilly's Parkinson's disease pipeline
Added AAV expertise and manufacturing capabilities
Funding History (Pre-Acquisition)
| Round | Year | Amount | |-------|------|--------| | Series A | 2017 | $30 million | | Series B | 2019 | $75 million |
Pipeline Programs
PR001 (AAV-GBA1)
PR001 is Prevail's lead clinical program, an AAV9 gene therapy for Parkinson's disease patients with GBA1 mutations[@proview].