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Olema Oncology Announces New Preclinical Combination Data to be Presented at the 2024 EORTC-NCI-AACR Symposium on Molecular Targets and Cancer Therapeutics

Key Takeaway: Olema Oncology has announced the presentation of multiple preclinical combination data at the upcoming 36th EORTC-NCI-AACR Symposium on Molecular Targets and Cancer Therapeutics. The presentations will focus on various combination therapies in ER+/HER2- breast cancer models, including palazestrant, a dual-action breast cancer treatment. The company aims to highlight its recent advancements in targeted therapies at this prominent international conference. Detailed information about the presented posters will also be made available on their website.
Price reaction · baseline $11.4 (2024-10-08 close) · hit after-hours · clean, no other OLMA news in the window
day 0 close · peak
-1.2%

Market Sentiment Analysis

POSITIVE FACTORS

  • Presentation of promising preclinical combination data at a major symposium.
  • Palazestrant shows strong anti-tumor efficacy in clinical studies.
  • The acknowledgement from the FDA with Fast Track designation for palazestrant.

BiopharmaWatch Analysis

From our catalyst data and publicly available data · not financial advice
Best trade, last catalyst
+73%
120-day peak, hindsight
Typical move
8%
average across 7 past catalysts
Cash runway
~30 mo
Minimal dilution risk
Lead asset
Palazestrant
Phase 3 · Breast Cancer

Full Press Release Details

SAN FRANCISCO, Oct. 09, 2024 (GLOBE NEWSWIRE) -- Olema Pharmaceuticals, Inc. (“Olema” or “Olema Oncology”, Nasdaq: OLMA), a clinical-stage biopharmaceutical company focused on the discovery, development, and commercialization of targeted therapies for women’s cancers, today announced that it will be presenting multiple posters during the 36th EORTC-NCI-AACR Symposium on Molecular Targets and Cancer Therapeutics (ENA 2024) taking place October 23-25, 2024, in Barcelona, Spain.
Details of the ENA 2024 poster presentations are:
Title : Combining palazestrant, a CERAN, and everolimus, an mTOR inhibitor, enhances tumor suppression in ER+/HER2- breast cancer models
Poster/Abstract : 211
Session: Poster Session 300, Exhibition Hall
Date/Time : Thursday, October 24, 2024, from 09:00 to 17:30 CEST
Title : Combining palazestrant, a CERAN, and capivasertib, a pan-AKT inhibitor, enhances tumor suppression in ER+/HER2- breast cancer models
Poster/Abstract : 212
Session: Poster Session 300, Exhibition Hall
Date/Time : Thursday, October 24, 2024, from 09:00 to 17:30 CEST
Title : Combining OP-3136, a KAT6 inhibitor, with endocrine therapy and CDK4/6 inhibitor enhances anti-tumor activity in ER+/HER2- breast cancer models
Poster/Abstract : 230
Session: Poster Session 300, Exhibition Hall
Date/Time : Thursday, October 24, 2024, from 09:00 to 17:30 CEST
Additional information, including abstracts for these presentations, can be found on the ENA website. Copies of the posters will be made available on the Publications page of Olema’s website in alignment with the Symposium’s embargo policy.
About Palazestrant (OP-1250)
Palazestrant (OP-1250) is a novel, orally-available small molecule with dual activity as both a complete estrogen receptor (ER) antagonist (CERAN) and selective ER degrader (SERD). It is currently being investigated in patients with recurrent, locally advanced or metastatic ER-positive (ER+), human epidermal growth factor receptor 2-negative (HER2-) breast cancer. In clinical studies, palazestrant completely blocks ER-driven transcriptional activity in both wild-type and mutant forms of metastatic ER+ breast cancer and has demonstrated anti-tumor efficacy along with attractive pharmacokinetics and exposure, favorable tolerability, CNS penetration, and combinability with CDK4/6 inhibitors. Palazestrant has been granted U.S. Food and Drug Administration (FDA) Fast Track designation for the treatment of ER+/HER2- metastatic breast cancer that has progressed following one or more lines of endocrine therapy with at least one line given in combination with a CDK4/6 inhibitor. It is being evaluated both as a single agent in an ongoing Phase 3 clinical trial, OPERA-01, and in Phase 1/2 combination studies with CDK4/6 inhibitors (palbociclib and ribociclib), a PI3Ka inhibitor (alpelisib), and an mTOR inhibitor (everolimus). For more information on OPERA-01, please visit www.opera01study.com.
About Olema Oncology
Olema Oncology is a clinical-stage biopharmaceutical company committed to transforming the standard of care and improving outcomes for women living with cancer. Olema is advancing a pipeline of novel therapies by leveraging our deep understanding of endocrine-driven cancers, nuclear receptors, and mechanisms of acquired resistance. Our lead product candidate, palazestrant (OP-1250), is a proprietary, orally-available complete estrogen receptor (ER) antagonist (CERAN) and a selective ER degrader (SERD), currently in a Phase 3 clinical trial called OPERA-01. In addition, Olema is developing a potent KAT6 inhibitor (OP-3136). Olema is headquartered in San Francisco and has operations in Cambridge, Massachusetts. For more information, please visit us at www.olema.com.

Frequently Asked Questions

What will Olema present at the ENA 2024 symposium?

Olema will showcase multiple posters focusing on tumor suppression in ER+/HER2- breast cancer.

When is the ENA 2024 symposium held?

The symposium is scheduled for October 23-25, 2024, in Barcelona, Spain.

What is palazestrant (OP-1250)?

Palazestrant is a novel oral small molecule acting as both an ER antagonist and degrader.

What is the focus of Olema Oncology?

Olema Oncology focuses on developing targeted therapies for women's cancer treatments.

Where can I find more information on the presentations?

Details about the presentations and abstracts will be available on the ENA website and Olema's site.

Last updated: Oct 9, 2024