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Olema Oncology reported its first quarter 2024 financial results and provided a corporate update, highlighting the completion of enrollment in Phase 1b/2 clinical studies of palazestrant in combination with ribociclib and palbociclib. New clinical data from the palazestrant-ribociclib combination study will be presented at the ESMO Breast Cancer Annual Congress 2024. The company also announced the IND application for OP-3136, a novel KAT6 inhibitor, expected to be filed with the FDA in late 2024. Olema Pharmaceuticals reported a cash position of $249.0 million as of March 31, 2024.
Olema Pharmaceuticals, Inc. announces new clinical data for Palazestrant in combination with Ribociclib to be presented at the 2024 ESMO Breast Cancer Annual Congress. The company will share information from its ongoing Phase 1b/2 clinical study in a poster presentation. The event will take place in Berlin, Germany, on May 15-17, 2024.
Additionally, Olema will host an investor conference call on May 15, 2024, to discuss the data further. The company focuses on developing targeted therapies for women's cancers, marking a significant milestone in its research and development efforts.
Olema Pharmaceuticals, Inc. announced the granting of stock options to new employees under the Company's 2022 Inducement Plan. A total of 187,400 shares of common stock were granted to six employees, with options vesting over four years. The exercise price is set at $10.40 per share, with the options subject to Nasdaq Listing Rule 5635(c)(4).
Olema Pharmaceuticals, Inc. (Nasdaq: OLMA) will participate in various investor conferences in May, including the BofA Securities Health Care Conference, H.C. Wainwright BioConnect Investor Conference, UBS Spring Biotech Symposium, and TD Cowen Oncology Innovation Summit. The management team will engage in presentations, fireside chats, and one-on-one meetings to discuss the company's targeted therapies for women's cancers.