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Cogent Biosciences Inc - COGT STOCK NEWS

Welcome to our dedicated page for Cogent Biosciences news (Ticker: COGT), a resource for investors and traders seeking the latest updates and insights on Cogent Biosciences stock.

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, Inc. reported recent business highlights and financial results for Q3 2023. They completed enrollment for SUMMIT Part 1 and expect to begin SUMMIT Part 2 in 1H 2024. Updated PEAK lead-in data showed a 33% ORR and over 14 months median duration of treatment for 2nd-line GIST patients. The company ended Q3 with $312.8 million cash, providing runway into 2026.
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Rhea-AI Summary
Cogent Biosciences, Inc. reported financial results for Q2 2023, ending with $350.9 million in cash. Positive data from Phase 3 PEAK trial on bezuclastinib and sunitinib combination in GIST patients. Selective FGFR2 inhibitor nominated as first clinical candidate. Preclinical data on ErbB2 inhibitor presented. Completed public offering with net proceeds of approximately $161.8 million. Upcoming milestones include presenting clinical data from SUMMIT and APEX trials in 2H 2023.
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Rhea-AI Summary

Cogent Biosciences (COGT) announced significant advancements in its pipeline during the AACR 2023 Annual Meeting. The company presented updated preclinical data on a novel EGFR-sparing, brain-penetrant ErbB2 inhibitor targeting key mutations, showcasing improved potency and selectivity. Additionally, the company initiated Part 2 of its APEX trial for bezuclastinib, dosing 150 mg daily in Advanced Systemic Mastocytosis (AdvSM). This second phase aims to enroll 65 patients and potentially support regulatory submissions upon success. The enhanced formulation of bezuclastinib is expected to yield better clinical exposure compared to the prior dosage. Upcoming clinical data updates from both APEX and other trials are anticipated in late 2023.

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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 as of March 3, 2025.

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

The market cap of Cogent Biosciences (COGT) is approximately 850.5M.

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

COGT Rankings

COGT Stock Data

850.46M
112.73M
0.16%
112.06%
8.47%
Biotechnology
Pharmaceutical Preparations
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United States
WALTHAM