Blueprint Medicines Corp - BPMC STOCK NEWS

Blueprint Medicines Corporation (NASDAQ: BPMC) has announced its participation in several upcoming investor conferences. These include:

• Jefferies Virtual Healthcare Conference on June 1, 2021, at 4:30 p.m. ET.
• Goldman Sachs 42nd Annual Global Healthcare Conference on June 10, 2021, at 8:50 a.m. ET.
• JMP Securities Life Sciences Conference on June 16, 2021, at 1:00 p.m. ET.

Live webcasts will be available on the company's website, with replays accessible for 30 days post-presentation.

Blueprint Medicines (NASDAQ: BPMC) announced promising results from the Phase 1/2 ARROW trial of GAVRETO® (pralsetinib) for metastatic RET fusion-positive non-small cell lung cancer (NSCLC). Data show an overall response rate (ORR) of 79% in treatment-naïve patients and 62% in those previously treated with chemotherapy. The safety profile remained consistent, with no new signals reported. These findings will be presented at the ASCO Annual Meeting from June 4-8, 2021, highlighting GAVRETO’s potential to redefine first-line treatments for RET-altered cancers.

Blueprint Medicines Corporation (NASDAQ: BPMC) appointed Percy Carter, MBA, Ph.D., as its Chief Scientific Officer, effective May 19, 2021. Dr. Carter will oversee research and preclinical development, aiming to enhance the company's precision therapy pipeline focused on oncology and hematology. He brings over 20 years of experience from previous roles at FibroGen, Janssen Pharmaceuticals, and Bristol-Myers Squibb. The leadership change is positioned to accelerate Blueprint's ability to deliver innovative therapies for patients.

Blueprint Medicines Corporation (NASDAQ: BPMC) granted stock options and restricted stock units (RSUs) to 13 new employees on May 1, 2021, under its 2020 Inducement Plan. The company awarded options for 21,045 shares at an exercise price of $96.32 per share, equal to the closing price on April 30, 2021. Options will vest 25% after one year and then monthly thereafter. Meanwhile, the RSUs will vest 25% annually over four years. This move aims to attract talent as part of their strategy to advance precision therapies for cancer and hematologic disorders.

Blueprint Medicines Corporation (NASDAQ: BPMC) reported first-quarter 2021 financial results, revealing total revenues of $21.6 million, a significant increase from $6.2 million in Q1 2020. Key revenue sources include $7.1 million from AYVAKIT/AYVAKYT and $1.8 million from GAVRETO. The company recorded a net loss of $99.7 million for Q1 2021, improving from a net loss of $111 million in Q1 2020. Blueprint continues to advance its pipeline, with multiple clinical trials set to initiate, including a potential U.S. approval for AYVAKIT for advanced systemic mastocytosis.

Blueprint Medicines Corporation (NASDAQ: BPMC) will host a live conference call on April 29, 2021, at 8:30 a.m. ET to discuss its first quarter 2021 financial results and provide a corporate update. Interested parties can join by dialing (855) 728-4793 domestically or (503) 343-6666 internationally, using conference ID 9292306. The call will also be accessible via a webcast on their website, with an archived version available for 30 days post-call. Blueprint Medicines focuses on developing precision therapies for cancer and blood disorders.

Blueprint Medicines Corporation (NASDAQ: BPMC) announced multiple presentations at the AACR Annual Meeting 2021, focusing on its systemic mastocytosis (SM) program, particularly the results from the PATHFINDER trial of AYVAKIT™ (avapritinib). Data revealed a 75% confirmed response rate among 32 patients, with median response time of two months. Additionally, BLU-263, a next-generation inhibitor, demonstrated a well-tolerated safety profile in healthy volunteers. The company is poised for a potential approval in advanced SM and plans to start the HARBOR study for BLU-263 in mid-2021.

Blueprint Medicines Corporation (BPMC) presented data at the virtual AACR Annual Meeting 2021, showcasing its precision therapy pipeline. The presentations included foundational preclinical data and clinical updates for AYVAKIT and BLU-263. Notably, BLU-701 and BLU-945 are being developed as fourth-generation EGFR inhibitors for NSCLC, with an IND application for BLU-945 cleared by the FDA. BLU-222, a selective CDK2 inhibitor, is also nominated for clinical development in early 2022. The company celebrates its 10th anniversary, reflecting on its expanding pipeline aimed at significant patient needs.

Blueprint Medicines Corporation (NASDAQ: BPMC) announced the grant of non-qualified stock options for 27,543 shares and restricted stock units (RSUs) for 13,792 shares to 14 new employees, effective April 1, 2021. This was part of the 2020 Inducement Plan, aimed at incentivizing new hires. The options have an exercise price of $97.95 per share, aligning with the closing stock price on the grant date. Both options and RSUs vest over a specified period, contingent on continued employment.