Our pipeline is comprised of several novel drug candidates including JAK2V617F mutant selective inhibitors and highly selective KAT6A degraders. We are also leveraging our expertise in targeted protein degradation to discover and develop next generation degrader antibody conjugates (DACs).

We are developing a diverse pipeline of first-in-class agents for hard-to-treat cancers with high unmet need.

ProgramPotential IndicationsDiscovery/Lead Opt.IND-EnablingPhase 1Program InterestUpcoming Milestones
PR-01
JAK2V617F
Mutant Selective
JH2 Inhibitors
VF+ myeloproliferative neoplasms (MPNs) (MF, PV, ET)
 
IND filing Q1 2026
Oral abstract at ASH 2025
KAT6A Selective Degraders ER+ breast cancer, other malignancies
 
Prelude wholly ownedIND filing mid-2026
mCALR
DAC
CALR-mutated MPNs (ET, MF)
 
Prelude wholly ownedOral abstract at ASH 2025
Degrader Payloads
for DACs
Broad utility across multiple indications
 
Additional Partnerships
PR-01
JAK2V617F
Mutant Selective
JH2 Inhibitors
VF+ myeloproliferative neoplasms (MPNs) (MF, PV, ET)

Discovery/Lead Opt.

IND-Enabling

Phase 1

 
Upcoming Milestones: IND filing Q1 2026
Oral abstract at ASH 2025
KAT6A Selective Degraders
Prelude wholly owned
ER+ breast cancer, other malignancies

Discovery/Lead Opt.

IND-Enabling

Phase 1

 
Upcoming Milestones: IND filing mid-2026
mCALR
DAC
Prelude wholly owned
CALR-mutated MPNs (ET, MF)

Discovery/Lead Opt.

IND-Enabling

Phase 1

 
Upcoming Milestones: Oral abstract at ASH 2025
Degrader Payloads for DACs
Broad utility across multiple indications

Discovery/Lead Opt.

IND-Enabling

Phase 1

 
Proprietary degrader payloads available for licensing to partners developing next generation DACs
Additional Partnerships

JAK2, janus kinase 2; JH2, JAK2 homology domain 2 (pseudokinase regulatory domain); VF+, V617F mutated; MPNs, myeloproliferative neoplasms; MF, myelofibrosis;
PV, polycythemia vera; ET, essential thrombocythemia; ER+, estrogen receptor positive; DAC, degrader antibody conjugate; mCALR = mutated calreticulin
1 – Exclusive option agreement with Incyte (announced November 2025)
2 – DAC Discovery Collaboration with AbCellera (announced November 2023, amended and expanded 2H 2025)