OncologyConcentrated betData as of 2026-09-04
IDH-Mutant Astrocytoma, Grade 2 is a concentrated bet: only 3 US-listed developers are in the clinic, and the median one is worth $2.5B against a $1.20B universe median.
Scarcity is doing the work in that number. A thin field means an approval is shared with fewer rivals, and the market pays a premium for that position.
1 of the 3 is in Phase 3 or filed, and 2 dated catalysts fall in the next 12 months, so this ranking is likely to move.
$2.0B of allocated capital sits in IDH-Mutant Astrocytoma, Grade 2, ranking it 97th of 299 indications by the money committed to it.
| Ticker | Company | Lead asset | Phase | Trials | Market cap | Pure play | Indications | Next catalyst |
|---|---|---|---|---|---|---|---|---|
| TNGX | Tango Therapeutics | Vorasidenib | Phase 3 | 1 | $3.8B | No | 5 | 23 Oct 2026 |
| NUVB | Nuvation Bio | Safusidenib | Phase 2 | 1 | $2.4B | No | 3 | 26 Oct 2026 |
| HCM | HUTCHMED (China) | HMPL-306 | Phase 1 | 1 | $2.5B | No | 6 | No dated event |
Sorted by phase, then by market capitalisation. Ticker links open the company profile. TNGX holds 44% of the $8.7B competing in this indication.
Few competitors, each one large. The market pays a scarcity premium to compete here.
Oncology holds $187B of the map's capital, 27.8% of the total, spread across 119 indications and 103 companies. 34 of those indications have more than one company competing.
See every Oncology indication on the mapTango Therapeutics (TNGX, Vorasidenib, Phase 3); Nuvation Bio (NUVB, Safusidenib, Phase 2); HUTCHMED (China) (HCM, HMPL-306, Phase 1). Those are the 3 US-listed developers in the $100M to $20B market cap band with a clinical-stage programme in IDH-Mutant Astrocytoma, Grade 2.
Of the 3 clinical-stage programmes in IDH-Mutant Astrocytoma, Grade 2, 1 is in Phase 3 or filed, 1 is in mid-stage development and 1 is in early-stage development.
The median company developing a drug for IDH-Mutant Astrocytoma, Grade 2 is worth $2.5B, against a median of $1.20B across the whole universe. $2.0B of allocated capital sits in the indication, ranking it 97th of 299.
The next dated catalyst in IDH-Mutant Astrocytoma, Grade 2 is TNGX on 23 Oct 2026. 2 dated events across the field fall in the next 12 months.
Allocated capital divides each company’s market capitalisation evenly across the indications it is running clinical programmes in, so every dollar of the universe is counted exactly once. Total market capitalisation competing counts a company in each of its indications and therefore sums to more than the universe.
Third-party market size estimates are not used anywhere on this page. Approved incumbents are excluded from competitor counts, and companies above $20B are outside the universe by construction.
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