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Cogent Biosciences Inc - COGT STOCK NEWS

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About Cogent Biosciences Inc.

Cogent Biosciences Inc. (NASDAQ: COGT) is a biotechnology company dedicated to developing precision therapies for genetically defined diseases. Headquartered in Waltham, Massachusetts, and Boulder, Colorado, the company leverages advanced scientific research to design targeted treatments that address the underlying genetic causes of serious diseases. Its mission is to improve the lives of patients by delivering innovative therapies that offer both efficacy and safety.

Core Focus: Precision Therapies for Genetically Defined Diseases

Cogent Biosciences' primary focus is on diseases driven by specific genetic mutations. The company’s flagship program, bezuclastinib, is a highly selective tyrosine kinase inhibitor designed to potently inhibit the KIT D816V mutation and other KIT exon 17 mutations. These genetic abnormalities are responsible for driving conditions such as systemic mastocytosis (SM), a rare and debilitating disease caused by the uncontrolled proliferation of mast cells, and gastrointestinal stromal tumors (GIST), a type of cancer heavily reliant on oncogenic KIT signaling.

Bezuclastinib: A Transformative Therapy

Bezuclastinib represents a significant advancement in precision medicine. Unlike existing treatments, it is designed to be non-brain-penetrant, reducing the risk of central nervous system (CNS)-related side effects. The drug is currently being evaluated in multiple clinical trials:

  • SUMMIT Trial: A Phase 2 trial targeting nonadvanced systemic mastocytosis (NonAdvSM). Early data indicate rapid and sustained symptom improvement, with a favorable safety profile.
  • APEX Trial: Focused on advanced systemic mastocytosis (AdvSM), this trial aims to evaluate the safety and efficacy of bezuclastinib in patients with aggressive disease subtypes.
  • PEAK Trial: A Phase 3 study assessing the combination of bezuclastinib and sunitinib for second-line treatment of GIST patients.

These trials underscore Cogent's commitment to addressing unmet medical needs in rare and challenging diseases.

Diversified Pipeline

Beyond bezuclastinib, Cogent is advancing a pipeline of novel targeted therapies aimed at addressing other genetically driven diseases. These include:

  • FGFR2 Inhibitor (CGT4859): Currently in Phase 1 trials, this therapy targets FGFR2 mutations linked to certain cancers.
  • PI3Kα Inhibitor: A potential best-in-class, wild-type-sparing inhibitor designed to treat cancers driven by the H1047R mutation.
  • KRAS(ON) Inhibitor: A preclinical program targeting prevalent KRAS mutations in colorectal, lung, and pancreatic cancers.
  • ErbB2 Inhibitor: Focused on HER2-driven cancers, this program is in the preclinical stage.

Competitive Landscape and Market Position

Cogent operates in the highly competitive biotechnology sector, where innovation and precision are key differentiators. The company’s focus on genetically defined diseases aligns with the industry’s shift toward personalized medicine. By addressing safety concerns and targeting areas of high unmet need, Cogent positions itself as a leader in precision therapies. Its non-brain-penetrant approach to tyrosine kinase inhibition further distinguishes it from competitors.

Commitment to Patients and Innovation

Cogent Biosciences is not only advancing therapeutic options but also enhancing patient outcomes. The company collaborates with leading academic institutions, advocacy groups, and global clinical sites to ensure its therapies reach those in need. With a strong financial position and a robust clinical pipeline, Cogent is poised to transition into a commercial-stage company, bringing transformative therapies to market.

Conclusion

Cogent Biosciences exemplifies the potential of precision medicine to address complex genetic diseases. Through its innovative therapies and patient-centric approach, the company is making significant strides in improving the standard of care for systemic mastocytosis, GIST, and other genetically defined conditions.

Rhea-AI Summary
Cogent Biosciences reports positive data from SUMMIT trial on bezuclastinib for NonAdvSM patients at AAAAI meeting. Part 2 initiated with encouraging results. Safety and tolerability profile reported. Investor webcast scheduled.
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Cogent Biosciences, Inc. announces a private investment in public equity financing expected to raise approximately $225 million, positioning the company well financially through 2027. The financing, led by Commodore Capital and a large investment management firm, includes both new and existing investors. The company plans to use the funds to advance bezuclastinib through ongoing clinical trials and aims to establish it as a leading KIT mutant inhibitor for systemic mastocytosis and gastrointestinal stromal tumors.
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Cogent Biosciences, Inc. (Nasdaq: COGT) will present posters for bezuclastinib at the 2024 American Academy of Allergy Asthma & Immunology Annual Meeting and host a virtual investor webcast on February 23 at 8:00 a.m. ET. The posters will feature initial results from the SUMMIT Phase 2 clinical study of Bezuclastinib and perspectives on relevant symptoms of Non-Advanced Systemic Mastocytosis. The webcast will discuss the SUMMIT Part 1b data led by Andrew Robbins, Cogent’s President and CEO, and include a presentation by PD Dr. Frank Siebenhaar, M.D., Head University Outpatient Clinic, Institute of Allergology, Charité - Universitätsmedizin Berlin.
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Cogent Biosciences, a biotechnology company focused on precision therapies for genetically defined diseases, highlighted key 2024 milestones at J.P. Morgan's 42nd annual healthcare conference. The company plans to complete enrollment in pivotal Phase 3 PEAK study of bezuclastinib + sunitinib, initiate Phase 2 APEX study of bezuclastinib, and present results from the complete SUMMIT Part 1 at 2024 AAAAI annual conference. Cogent also aims to initiate a Phase 1 trial of CGT4859, a potential FGFR2 inhibitor, in 2H 2024.
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Cogent Biosciences, Inc. (Nasdaq: COGT) to present at 42nd Annual J.P. Morgan Healthcare Conference. President and CEO, Andrew Robbins, to speak on precision therapies for genetically defined diseases. Webcast available on investors.cogentbio.com.
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Cogent Biosciences, Inc. (Nasdaq: COGT) reported positive data from Part 1 of the ongoing Phase 2 APEX clinical trial evaluating bezuclastinib in patients with advanced systemic mastocytosis (AdvSM). The trial showed a 56% overall response rate (ORR) in TKI-naïve patients, including an 86% ORR by PPR criteria and 100% ORR in APEX patients treated at 100 mg BID with exposures consistent with go-forward dose. The safety and tolerability profile was encouraging with no related cognitive impairment or bleeding events reported.
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Cogent Biosciences, Inc. (Nasdaq: COGT) reported positive initial data from the ongoing Phase 2 SUMMIT trial evaluating bezuclastinib in patients with nonadvanced systemic mastocytosis (NonAdvSM) at the 65th American Society of Hematology (ASH 2023) Annual Meeting & Exposition. The trial demonstrated rapid and ongoing improvement in patient symptoms, with 57% median best improvement on MC-QoL and 78% of patients reporting ≥1 point improvement on PGIS by week 20. 100% of bezuclastinib treated patients achieved at least 50% improvement across all relevant biomarker measures, with a safety and tolerability profile supporting potential for chronic dosing. The company plans to advance into Part 2 of SUMMIT, a registration-directed, global, randomized placebo-controlled trial, and present additional data from SUMMIT in the first quarter of 2024.
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Cogent Biosciences, a biotechnology company (Nasdaq: COGT), presented updated preclinical data on its potent, selective, and brain-penetrant ErbB2 inhibitor program and initial preclinical data from its newly disclosed H1047R mutant-selective PI3Kα inhibitor discovery program at the 2023 San Antonio Breast Cancer Symposium.
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Cogent Biosciences, Inc. (Nasdaq: COGT) will review initial clinical data from SUMMIT Part 1a in patients with Nonadvanced Systemic Mastocytosis (NonAdvSM) and provide an additional clinical data update from APEX Part 1 in patients with Advanced Systemic Mastocytosis (AdvSM). The investor webcast will be held on Monday, December 11, 2023, at 8:00 a.m. ET. The SUMMIT data will be presented at the American Society of Hematology (ASH) Annual Meeting on December 9, 2023, and the APEX data will be presented in a poster session on December 11, 2023. The webcast will feature presentations by Cogent's President and CEO, Andrew Robbins, as well as leading medical professionals. The live webcast and replay will be accessible on Cogent's website at investors.cogentbio.com/events.
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Cogent Biosciences, Inc. (Nasdaq: COGT) announced two poster presentations at the 2023 San Antonio Breast Cancer Symposium, showcasing their precision therapies for genetically defined diseases. The posters will feature a brain penetrant, EGFR sparing, ErbB2 inhibitor and a wild-type-sparing, PI3Kα H1047R mutant-selective inhibitor.
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FAQ

What is the current stock price of Cogent Biosciences (COGT)?

The current stock price of Cogent Biosciences (COGT) is $7.53 as of February 28, 2025.

What is the market cap of Cogent Biosciences (COGT)?

The market cap of Cogent Biosciences (COGT) is approximately 795.8M.

What is Cogent Biosciences' primary focus?

Cogent Biosciences focuses on developing precision therapies for genetically defined diseases, targeting mutations like KIT D816V and KIT exon 17.

What is bezuclastinib?

Bezuclastinib is a selective tyrosine kinase inhibitor designed to inhibit the KIT D816V mutation, addressing systemic mastocytosis and GIST.

What clinical trials is Cogent currently conducting?

Key trials include the SUMMIT trial for NonAdvSM, the APEX trial for AdvSM, and the PEAK trial for GIST patients.

How does Cogent differentiate itself from competitors?

Cogent focuses on non-brain-penetrant therapies to enhance safety and specializes in addressing rare, genetically driven diseases with high unmet needs.

What other programs does Cogent have in its pipeline?

The pipeline includes therapies targeting FGFR2, PI3Kα, KRAS, and ErbB2 mutations, addressing various genetically driven cancers.

Where is Cogent Biosciences headquartered?

Cogent Biosciences is headquartered in Waltham, Massachusetts, and Boulder, Colorado.

What is systemic mastocytosis (SM)?

Systemic mastocytosis is a rare disease caused by the uncontrolled proliferation of mast cells, often driven by the KIT D816V mutation.

What sets bezuclastinib apart from other treatments?

Bezuclastinib is non-brain-penetrant, reducing CNS-related side effects, and is highly selective for KIT mutations.

What is the significance of Cogent's PI3Kα program?

Cogent’s PI3Kα inhibitor targets the H1047R mutation, offering potential treatment for over 55,000 cancer patients annually.

What is Cogent's long-term vision?

Cogent aims to become a commercial-stage company, delivering transformative therapies for genetically defined diseases.
Cogent Biosciences Inc

Nasdaq:COGT

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795.81M
112.73M
0.16%
112.06%
8.47%
Biotechnology
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