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X-Chem Announces Phase 3 Milestone in Collaboration with Relay Therapeutics

Key Takeaway: X-Chem has announced a significant milestone with Relay Therapeutics, marking the initiation of a Phase 3 clinical trial for zovegalisib, an inhibitor targeting PI3Ka. This drug candidate was developed from a compound identified through X-Chem's DNA-encoded chemical library. The collaboration underscores the innovative approaches both companies are taking in drug discovery.

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POSITIVE FACTORS

  • Successful initiation of Phase 3 trial for zovegalisib.
  • Collaboration highlights innovative drug discovery capabilities.
  • Potential new treatment for breast cancer patients.

BiopharmaWatch Analysis

From our catalyst data and publicly available data · not financial advice
Best trade, last catalyst
+169%
120-day peak, hindsight
Typical move
4.5%
average across 6 past catalysts
Cash runway
~49 mo
Minimal dilution risk
Lead asset
RLY-8161
Phase 1 · Advanced NRAS-Mutant Melanoma

Full Press Release Details

WALTHAM, Mass., Sept. 22, 2026 (GLOBE NEWSWIRE) -- X-Chem, a global leader in innovative drug discovery services, announced the achievement of a milestone following Relay Therapeutics’ initiation of a Phase 3 clinical trial of a drug candidate developed from a compound identified through an X-Chem DNA-encoded chemical library (DEL) screen.
Relay Therapeutics, a leader in cutting-edge approaches to drug discovery, licensed an inhibitor of the oncology target phosphoinositide 3- kinase alpha (Pl3Ka) that was discovered through an X-Chem DEL screen. The inhibitor demonstrated differentiated pharmacology, mutant selectivity, a novel allosteric binding site and served as a starting point for Relay's innovative development of zovegalisib (RLY-2608), currently in a clinical trial. The initiation of this Phase 3 trial represents a milestone under the companies' Research Collaboration and License Agreement.
“The unique selectivity and binding site of RLY-2608 are a testament to the power of the X-Chem DEL platform to discover unique chemical matter with differentiated pharmacology," said X-Chem CEO Karen Lackey. "We are thrilled that our discovery platforms helped provide a starting point for a potential new treatment for patients with breast cancer. Hats off to the Relay team for having the drive and vision to push this project forward."
"X-Chem's excellence in DEL technology was apparent from the very beginning of this exciting project, and we are pleased to continue to advance the clinical development of zovegalisib in patients with PI3Ka-driven diseases," said Relay CEO Sanjiv Patel.
About X-Chem X-Chem is redefining small-molecule drug discovery through a powerful combination of computational science, discovery chemistry and data-driven insight. As the pioneer and global leader in DNA-encoded chemical library (DEL) technology, X-Chem helps biopharma partners identify differentiated hits, accelerate lead progression and advance complex programs with greater confidence. Learn more at www.x-chemrx.com.

Media Contact Alli Cooke alli.cooke@llyc.global 616.258.5769

Frequently Asked Questions

What milestone did X-Chem announce?

X-Chem announced the initiation of a Phase 3 clinical trial for zovegalisib.

What is zovegalisib targeting?

Zovegalisib targets the oncology pathway involving phosphoinositide 3-kinase alpha (PI3Ka).

How was zovegalisib discovered?

Zovegalisib was developed from a compound identified through X-Chem's DNA-encoded chemical library.

What is the significance of the collaboration?

The collaboration highlights innovative drug discovery and the potential for new treatments.

Last updated: Sep 22, 2026