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Black Diamond Therapeutics, Inc. (Nasdaq: BDTX) is a leading precision oncology medicine company headquartered in Cambridge, Massachusetts. Founded in 2014, the company focuses on the discovery and development of small molecule, tumor-agnostic therapies designed to target families of oncogenic mutations across various cancers.
The core of Black Diamond’s innovative approach lies in its proprietary Mutation-Allostery-Pharmacology (MAP) platform. This platform enables the identification and targeting of allosteric mutations in key cancer-related kinases, offering new therapeutic options for patients with limited treatments available.
The company’s lead product candidate, BDTX-189, is a potent inhibitor targeting non-canonical and oncogenic mutations of ERBB kinases, including the epidermal growth factor receptor (EGFR) and tyrosine-protein kinase. The development pipeline also includes BDTX-1535, an advanced fourth-generation EGFR inhibitor, and BDTX-4933, targeting KRAS, NRAS, and BRAF mutations in solid tumors.
Recent clinical updates highlight the potential of BDTX-1535 in treating non-small cell lung cancer (NSCLC) and glioblastoma (GBM), demonstrating efficacy against over 50 clinically relevant non-classical EGFR mutations and resistance mutations like C797S. This candidate is currently advancing through Phase 2 trials, with promising results expected in 2024.
Black Diamond Therapeutics has also established significant collaborations and partnerships to bolster its research and development efforts. These collaborations aim to enhance the understanding of mutation landscapes and accelerate the delivery of new therapies to patients.
For more information, visit Black Diamond Therapeutics.
Black Diamond Therapeutics (BDTX) reported Q3 2024 financial results and corporate updates. The company announced encouraging Phase 2 data for BDTX-1535 in NSCLC patients, showing a 42% overall response rate in 19 patients with osimertinib resistance mutations. Cash position stood at $112.7 million as of September 30, 2024, expected to fund operations into Q2 2026. Q3 net loss improved to $15.6 million from $23.0 million year-over-year. The company implemented a corporate restructuring, deprioritizing BDTX-4933 to focus on BDTX-1535 development. Clinical updates and regulatory feedback are expected in Q1 2025.
Black Diamond Therapeutics (Nasdaq: BDTX), a clinical-stage oncology company developing MasterKey therapies for cancer treatments, announced its upcoming participation in two major investor conferences. President and CEO Mark Velleca will present at the Stifel Healthcare Conference on November 19, 2024, at 4:10pm ET, and the Piper Sandler 36th Annual Healthcare Conference on December 4, 2024, at 3:00pm ET. Webcasts will be available on the company's website and archived for 90 days.
Black Diamond Therapeutics (Nasdaq: BDTX) announced a corporate restructuring to focus resources on advancing its lead program BDTX-1535 into pivotal development for EGFRm NSCLC. The company aims to extend its cash runway into Q2 2026. Key points include:
- Anticipates sharing initial Phase 2 data for BDTX-1535 in the frontline setting for EGFRm NSCLC in Q1 2025
- Plans to present updated Phase 2 results for BDTX-1535 in recurrent EGFRm NSCLC in Q1 2025
- Deprioritizing BDTX-4933 program and seeking potential partners
- Implementing a reduction in force while retaining core expertise
- Chief Business Officer, CFO, and Chief People Officer departing; Erika Jones appointed as Principal Financial Officer
The restructuring aims to optimize operations and focus investment on BDTX-1535, which has shown robust Phase 2 clinical activity in recurrent NSCLC patients with EGFR mutations.
Black Diamond Therapeutics has reported promising initial Phase 2 data for BDTX-1535 in patients with recurrent EGFRm NSCLC. Key findings include:
- A 200 mg daily dose selected for pivotal development, showing a favorable tolerability profile
- Preliminary ORR of 42% in 19 patients at 200 mg with on-target resistance EGFR mutations
- Encouraging durability with DOR of approximately 8 months or more for the first 3 patients with a PR
- 14 of 19 patients remain on treatment
The company anticipates regulatory feedback on the registration path in Q1 2025 and expects initial results of BDTX-1535 in first-line NSCLC patients with non-classical EGFR mutations in the same quarter.
Black Diamond Therapeutics (Nasdaq: BDTX), a clinical-stage oncology company, has announced a webcast presentation of initial Phase 2 clinical trial results for BDTX-1535 in patients with recurrent EGFRm NSCLC. The webcast is scheduled for Monday, September 23, 2024, at 8:00 a.m. ET.
Black Diamond specializes in developing MasterKey therapies targeting families of oncogenic mutations in cancer patients. The presentation will be accessible under the 'Events and Presentations' section of the company's website, with a replay available after the event.
Black Diamond Therapeutics (Nasdaq: BDTX) presented real-world treatment outcomes for newly diagnosed NSCLC patients with non-classical EGFR mutations (NCMs) at the ESMO Congress 2024. The study analyzed 3,276 cases from Guardant Health's database, revealing that 60% of NCM patients received chemotherapy/immunotherapy, while 36% received osimertinib or afatinib. Patients with NCMs showed shorter treatment duration compared to those with classical mutations. BDTX-1535, Black Diamond's fourth-generation EGFR TKI, aims to address a broad spectrum of EGFR mutations, including NCMs. The company plans to disclose initial Phase 2 data for BDTX-1535 in Q1 2025 for first-line NCM treatment and release second/third-line results later this month.
Black Diamond Therapeutics (Nasdaq: BDTX) reported Q2 2024 financial results and provided a corporate update. Key highlights include:
1. Initial Phase 2 data of BDTX-1535 in 2L/3L EGFRm NSCLC patients expected in Q3 2024.
2. Phase 2 data of BDTX-1535 in 1L non-classical EGFRm NSCLC patients anticipated in Q1 2025.
3. Initial Phase 1 data of BDTX-4933 in KRASm NSCLC expected in Q4 2024.
4. Cash position of $123.0 million as of June 30, 2024, expected to fund operations into Q4 2025.
5. Q2 2024 net loss of $19.9 million, compared to $19.2 million in Q2 2023.
6. R&D expenses decreased to $12.6 million, while G&A expenses increased to $9.6 million in Q2 2024.
Black Diamond Therapeutics presented promising clinical data on its lead candidate BDTX-1535 at the 2024 ASCO Annual Meeting. The Phase 1 dose escalation trial in recurrent glioblastoma (GBM) patients showed a favorable safety profile and encouraging anti-tumor activity, with several patients achieving stable disease and one recording a partial response. Initial results from a Phase 0/1 “trigger” trial indicated that BDTX-1535 achieved clinically meaningful drug levels in brain tumor tissue. No serious adverse events were linked to BDTX-1535, and the drug was well-tolerated. Updates on the ongoing trials are expected later in 2024.
Black Diamond Therapeutics (Nasdaq: BDTX), a clinical-stage oncology company, announced that CEO Mark Velleca will participate in a fireside chat at the Jefferies Global Healthcare Conference in New York, NY. The event, focusing on the company's development of MasterKey therapies for oncogenic mutations in cancer patients, is scheduled for June 5, 2024, from 7:30-7:55am ET. The presentation will be available via live webcast on the company's investor relations website, with a replay accessible for 90 days post-event.
Black Diamond Therapeutics, a clinical-stage oncology company, reported financial results for Q1 2024. They are developing BDTX-1535 for NSCLC patients with EGFR mutations, presenting positive real-world evidence and upcoming poster presentations. The company's cash position was $115.2 million as of March 31, 2024, with plans to fund operations into Q3 2025.
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