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Olema Oncology Announces Upcoming Poster Presentation at the 2023 ESMO Breast Cancer Annual Congress

Key Takeaway: Olema Pharmaceuticals, Inc. announced that it will present a poster featuring its drug OP-1250 at the ESMO Breast Cancer Annual Congress scheduled from May 11-13, 2023, in Berlin. The presentation will detail a phase 1b/2 study of OP-1250, which acts as a complete estrogen receptor antagonist and selective ER degrader for treating metastatic breast cancer. OP-1250 has garnered FDA Fast Track designation, showcasing its importance in addressing ER+/HER2- metastatic breast cancer.

Market Sentiment Analysis

POSITIVE FACTORS

  • Announcement of a presentation at a key industry congress highlights OP-1250's significance.
  • OP-1250 has received FDA Fast Track designation, indicating strong potential.
  • Olema focuses on women's cancers, a critical area with significant unmet needs.

Full Press Release Details

SAN FRANCISCO, May 08, 2023 (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 a poster presentation on OP-1250, the Company’s complete estrogen receptor (ER) antagonist (CERAN) and selective ER degrader (SERD) in development for the treatment of metastatic breast cancer, at the upcoming ESMO Breast Cancer Annual Congress 2023 taking place May 11-13, 2023, in Berlin, Germany.
Details of the ESMO Breast Cancer Annual Congress 2023 poster presentation are:
Title : A phase 1b/2 study of OP-1250, an oral complete estrogen receptor (ER) antagonist (CERAN) and selective ER degrader (SERD) with palbociclib in patients (pts) with advanced or metastatic ER-positive, HER2-negative breast cancer (MBC) (ID 406)
Presentation # : 202P
Date : Friday, May 12, 2023
Time : 12:15 p.m. CEST (6:15 a.m. EDT)
A copy of the poster will be made available on Olema’s website under the Science section when it is presented at the congress. Abstracts for the posters can be found on the ESMO Breast Cancer Annual Congress website here.
About Olema Oncology
Olema Oncology is a clinical-stage biopharmaceutical company focused on the discovery, development and commercialization of targeted therapies for women’s cancers. Olema’s lead product candidate, OP-1250, is a proprietary, orally available small molecule with dual activity as both a complete estrogen receptor (ER) antagonist (CERAN) and a selective ER degrader (SERD). It is currently being evaluated both as a single agent in an ongoing Phase 2 clinical trial, and in combination with CDK4/6 inhibitors (palbociclib and ribociclib) and a PI3Ka inhibitor (alpelisib), in patients with recurrent, locally advanced or metastatic ER-positive (ER+), human epidermal growth factor receptor 2-negative (HER2-) breast cancer. OP-1250 has been granted 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. Olema is headquartered in San Francisco and has operations in Cambridge, Massachusetts.
Shane Kovacs, Chief Operating and Financial Officer
Ignacio Guerrero-Ros, Ph.D., Russo Partners

Frequently Asked Questions

What is OP-1250 in clinical development?

OP-1250 is a complete estrogen receptor antagonist and selective ER degrader aimed at treating metastatic breast cancer.

When is the ESMO Breast Cancer Annual Congress 2023?

The congress will take place from May 11-13, 2023, in Berlin, Germany.

What presentations will Olema Pharmaceuticals have?

Olema will present a study on OP-1250 as part of a poster on May 12, 2023.

What designation has OP-1250 received from the FDA?

OP-1250 has received Fast Track designation for treating ER+/HER2- metastatic breast cancer.

Where can I find the poster presentation?

The poster will be available on Olema’s website under the Science section after the presentation.

Last updated: May 8, 2023