STOCK TITAN

Omega Therapeutics to Present New Preclinical Data at the American Society of Clinical Oncology 2023 Annual Meeting

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
conferences clinical trial
Rhea-AI Summary

Omega Therapeutics, Inc. (Nasdaq: OMGA) announced it will present new preclinical data regarding its MYC-HCC and MYC-NSCLC programs at the ASCO Annual Meeting in Chicago from June 2-6, 2023. The presentation, titled Effect of MYC-targeting Programmable Epigenetic mRNA Therapeutics on TME and Immunotherapy Responses, is scheduled for June 5, 2023, from 8:00 a.m. to 11:00 a.m. CDT, and will focus on the therapeutic impact on gastrointestinal cancers. Omega is pioneering programmable epigenomic mRNA medicines aimed at treating various diseases, leveraging a platform that modulates gene expression with precision. The poster presentation will be available on the Omega website concurrently with the event.

Positive
  • Presentation of new preclinical data at a major conference, potentially increasing visibility and credibility.
  • Focus on innovative MYC-targeting therapies with implications for multiple cancer types.
Negative
  • Limited historical data on the effectiveness and safety of new epigenomic treatments.
  • Inherent uncertainties and risks associated with novel therapeutic approaches, including regulatory hurdles.

CAMBRIDGE, Mass., April 27, 2023 (GLOBE NEWSWIRE) -- Omega Therapeutics, Inc. (Nasdaq: OMGA) (“Omega”), a clinical-stage biotechnology company pioneering the development of a new class of programmable epigenomic mRNA medicines, today announced that it will present new preclinical data related to its MYC-HCC and MYC-NSCLC programs at the upcoming American Society of Clinical Oncology (ASCO) Annual Meeting taking place in Chicago, Illinois, June 2 – 6, 2023.

Details for the ASCO 2023 Annual Meeting poster presentation are as follows:

Title: Effect of MYC-targeting Programmable Epigenetic mRNA Therapeutics on TME and Immunotherapy Responses
Abstract #: 4116
Session Information: Gastrointestinal Cancers – Gastroesophageal, Pancreatic, and Hepatobiliary
Date and Time: June 5, 2023, from 8:00 a.m. to 11:00 a.m. CDT

The poster will be made available on the Omega website at https://omegatherapeutics.com/our-science/#publications-research at the same time as the presentation.

About Omega Therapeutics
Omega Therapeutics is a clinical-stage biotechnology company pioneering the development of a new class of programmable epigenomic mRNA medicines to treat or cure a broad range of diseases. By pre-transcriptionally modulating gene expression, Omega’s approach enables precision epigenomic control of nearly all human genes, including historically undruggable and difficult-to-treat targets, without altering native nucleic acid sequences. Founded in 2017 by Flagship Pioneering following breakthrough research by world-renowned experts in the field of epigenetics, Omega is led by a seasoned and accomplished leadership team with a track record of innovation and operational excellence. The Company is committed to revolutionizing genomic medicine and has a diverse pipeline of therapeutic candidates derived from its OMEGA platform spanning oncology, regenerative medicine, multigenic diseases including immunology, and select monogenic diseases.

For more information, visit omegatherapeutics.com, or follow us on Twitter and LinkedIn.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including without limitation statements regarding upcoming events and presentations. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to, the following: the novel technology on which our product candidates are based makes it difficult to predict the time and cost of preclinical and clinical development and subsequently obtaining regulatory approval, if at all; the substantial development and regulatory risks associated with epigenomic controllers due to the novel and unprecedented nature of this new category of medicines; our limited operating history; the incurrence of significant losses and the fact that we expect to continue to incur significant additional losses for the foreseeable future; our need for substantial additional financing; our investments in research and development efforts that further enhance the OMEGA platform, and their impact on our results; uncertainty regarding preclinical development, especially for a new class of medicines such as epigenomic controllers; potential delays in and unforeseen costs arising from our clinical trials; the fact that our product candidates may be associated with serious adverse events, undesirable side effects or have other properties that could halt their regulatory development, prevent their regulatory approval, limit their commercial potential, or result in significant negative consequences; the impact of increased demand for the manufacture of mRNA and LNP-based vaccines to treat COVID-19 on our development plans; difficulties manufacturing the novel technology on which our OEC candidates are based; our ability to adapt to rapid and significant technological change; our reliance on third parties for the manufacture of materials; our ability to successfully acquire and establish our own manufacturing facilities and infrastructure; our reliance on a limited number of suppliers for lipid excipients used in our product candidates; our ability to advance our product candidates to clinical development; and our ability to obtain, maintain, enforce and adequately protect our intellectual property rights. These and other important factors discussed under the caption "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2022, and our other filings with the SEC, could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any such forward-looking statements represent management's estimates as of the date of this press release. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change.


FAQ

What will Omega Therapeutics present at ASCO 2023?

Omega Therapeutics will present preclinical data on its MYC-targeting programmable epigenetic mRNA therapeutics.

When is the Omega presentation scheduled at ASCO 2023?

The presentation is scheduled for June 5, 2023, from 8:00 a.m. to 11:00 a.m. CDT.

What is the focus of Omega's ASCO presentation?

The focus is on the effect of MYC-targeting therapies on tumor microenvironment and immunotherapy responses.

What is Omega Therapeutics' approach to cancer treatment?

Omega Therapeutics is developing programmable epigenomic mRNA medicines to modulate gene expression for treating various diseases.

Where can I find the presentation after ASCO 2023?

The poster will be available on Omega's website concurrently with the presentation.

Omega Therapeutics, Inc.

NASDAQ:OMGA

OMGA Rankings

OMGA Latest News

OMGA Stock Data

45.59M
50.96M
1.62%
90.43%
11.54%
Biotechnology
Biological Products, (no Disgnostic Substances)
Link
United States of America
CAMBRIDGE