BBOT Announces Late-Breaking Preclinical Data on BBO-10203, a First-in-Class RAS:PI3Kα Breaker, at the San Antonio Breast Cancer Symposium (SABCS)
Rhea-AI Summary
BridgeBio Oncology Therapeutics (Nasdaq: BBOT) announced late-breaking preclinical data on BBO-10203 at SABCS on Dec 10, 2025. Data show BBO-10203 is a first-in-class covalent RAS:PI3Kα breaker that binds PI3Kα at Cys242, blocks RAS-driven PI3Kα-AKT signaling, and produces dose- and time-dependent pAKT inhibition after oral dosing without inducing hyperglycemia in glucose tolerance testing.
BBO-10203 demonstrated robust anti-tumor activity as monotherapy and combined with fulvestrant, ribociclib, trastuzumab or chemotherapy in preclinical breast cancer models. A Phase 1 trial (BREAKER-101; NCT06625775) is enrolling with initial Phase 1 data expected in first half of 2026.
Positive
- Covalent binding to PI3Kα at Cys242
- Dose- and time-dependent pAKT inhibition after oral dosing
- No hyperglycemia in oral glucose tolerance testing
- Robust anti-tumor activity as monotherapy and in combinations
- Phase 1 BREAKER-101 enrolling; initial data expected H1 2026
Negative
- None.
News Market Reaction
On the day this news was published, BBOT gained 2.79%, reflecting a moderate positive market reaction. This price movement added approximately $29M to the company's valuation, bringing the market cap to $1.09B at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
Peers show mixed moves: AVXL up 2.56%, IVA up 1.67%, while GERN, IMNM, and PRAX are down between 2.38% and 4.75%, suggesting today’s -4.64% move in BBOT is more stock‑specific than sector‑wide.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Nov 18 | Conference participation | Neutral | -1.8% | Announced December healthcare conference presentations and webcast access. |
| Nov 12 | Earnings and update | Positive | -0.9% | Reported Q3 liquidity of $468.3M and progress across three Phase 1 programs. |
| Nov 03 | Conference appearance | Neutral | +2.9% | Planned Jefferies Global Healthcare Conference presentation with webcast replay. |
| Oct 30 | SABCS posters | Positive | -0.5% | Announced upcoming SABCS posters featuring BBO‑10203 preclinical and trial design data. |
| Oct 23 | Preclinical data | Positive | +2.9% | Presented preclinical data on panKRAS inhibitor BBO‑11818 with robust activity. |
Recent BBOT news, including conferences and RAS/PI3K program updates, often saw modest price reactions, with several positive or neutral announcements met by flat to slightly negative trading.
Over the last few months, BBOT has highlighted conference participation, financial strength, and RAS‑pathway pipeline progress. On Oct 23, the company reported preclinical data for panKRAS inhibitor BBO‑11818 with tumor regressions and an ongoing Phase 1 KONQUER‑101 trial. Subsequent SABCS poster and investor conference announcements in late October and November drew small price moves, often slightly negative. Today’s SABCS late‑breaking preclinical data for BBO‑10203 and the active Phase 1 BREAKER‑101 trial continue this theme of advancing RAS/PI3K‑targeted assets.
Market Pulse Summary
This announcement details late‑breaking preclinical results for BBO‑10203, a first‑in‑class RAS:PI3Kα breaker that inhibited pAKT signaling and tumor growth without causing hyperglycemia or hyperinsulinemia. The BREAKER‑101 Phase 1a/1b trial spans four solid tumor indications in the U.S. and Australia, with initial data expected in the first half of 2026. Investors may track safety, pharmacokinetics, intracranial activity, and combination arms with fulvestrant, ribociclib, trastuzumab, and FOLFOX‑based regimens.
Key Terms
pi3kα medical
pakt medical
hyperglycemia medical
hyperinsulinemia medical
oral glucose tolerance test medical
trastuzumab medical
folfox medical
pharmacokinetics medical
AI-generated analysis. Not financial advice.
- Preclinical data demonstrate BBO-10203 blocks RAS-mediated activation of PI3Kα, strongly inhibits pAKT signaling in tumor cells without inducing hyperglycemia, and shows robust anti-tumor activity both as monotherapy and in combination with standard of care therapies in mutant or wild-type PIK3CA breast cancer models
- BBOT will also present a trial in progress poster on BREAKER-101, a Phase 1 clinical trial evaluating BBO-10203 in patients with locally advanced or metastatic HER2+ breast cancer, HR+/HER2- breast cancer, KRAS mutant colorectal cancer, and KRAS mutant non-small cell lung cancer with initial Phase 1 data expected in the first half of 2026
SOUTH SAN FRANCISCO, Calif., Dec. 10, 2025 (GLOBE NEWSWIRE) -- BridgeBio Oncology Therapeutics, Inc. (“BBOT”) (Nasdaq: BBOT), a clinical-stage biopharmaceutical company focused on RAS-pathway malignancies, today announced late-breaking preclinical data on BBO-10203, a first-in-class covalent small molecule RAS:PI3Kα breaker that selectively and specifically blocks the physical interaction between RAS and PI3Kα resulting in the inhibition of RAS-driven PI3Kα-AKT signaling in tumors without inducing hyperglycemia. The data is being presented today at the San Antonio Breast Cancer Symposium (SABCS). BBOT will also present a trial in progress poster on the Phase 1 BREAKER-101 trial in patients with locally advanced or metastatic HER2+ breast cancer, HR+/HER2- breast cancer, KRAS mutant colorectal cancer, and KRAS mutant non-small cell lung cancer on Friday, December 12.
“PIK3CA mutations are common, particularly in HR+/HER2- and HER2+ advanced breast cancer,” said Andreas Varkaris, MD, PhD, Attending Physician and Investigator at Massachusetts General Hospital and an investigator in the BREAKER-101 study. “Historically, we have treated these patients with successive generations of PI3K inhibitors, which have their limitations. We now look forward to a new generation of inhibitors, such as BBO-10203, that can more selectively target the mutant enzyme without affecting normal cells, potentially enabling us to treat more patients. Importantly, by improving selectivity and tolerability, these next-generation agents may also allow for combinations with other targeted therapies, something that was challenging in the past due to toxicity.”
“Although PI3Kα inhibitors have provided an important treatment option for HR+/HER2- and HER2+ breast cancer with PI3Kα mutations, their use is often limited by dose-dependent hyperglycemia and reduced treatment duration,” said Pedro Beltran, PhD, Chief Scientific Officer of BBOT. “Our preclinical work shows that BBO-10203 offers a differentiated mechanism by disrupting the RAS–PI3Kα interaction rather than inhibiting PI3Kα’s kinase activity. Because RAS-dependent activation drives tumor growth but not glucose regulation, this approach enables broad pathway inhibition without the risk of hyperglycemia. BBO-10203 also shows strong monotherapy and combination activity, underscoring its potential to extend treatment responses alongside standard-of-care therapies.”
Late Breaking Preclinical Data Highlights
- Preclinical findings demonstrate BBO-10203 covalently binds PI3Kα on cysteine 242 in the RAS binding domain, which prevents the interaction of PI3Kα and RAS.
- Oral administration of BBO-10203 resulted in robust PK, dose- and time-dependent inhibition of pAKT, and efficacy.
- BBO-10203 did not induce hyperglycemia or hyperinsulinemia in an oral glucose tolerance test.
- BBO-10203 showed activity alone and in combination with fulvestrant or ribociclib in ER+ HER2- breast cancer models with either a PIK3CA helical or kinase domain mutations.
- Similar efficacy was observed with BBO-10203 or STX-478 (LY4064809), a PIK3CA mutant-selective inhibitor, in an ER+ HER2- breast cancer model with a PIK3CA kinase domain mutation.
- BBO-10203 also showed activity alone and in combination with ribociclib in an ER+ HER2- breast cancer model with wild-type PIK3CA.
Trial in Progress Poster
BREAKER-101 (NCT06625775) is a first-in-human, multicenter, open-label, Phase 1a/1b study evaluating the safety, tolerability, pharmacokinetics, and preliminary antitumor activity of BBO-10203 as monotherapy and in combination with trastuzumab, fulvestrant ± ribociclib, or FOLFOX + bevacizumab in patients with locally advanced or metastatic HER2+ breast cancer, HR+/HER2- breast cancer, KRAS mutant colorectal cancer, and KRAS mutant non-small cell lung cancer. The study includes a dose escalation phase as well as an expansion phase. Key endpoints include safety and tolerability, anti-tumor activity, and pharmacokinetics. Intracranial activity of BBO-10203 will also be evaluated as an exploratory endpoint. The study is currently enrolling patients in the United States and Australia, and initial Phase 1 clinical data are expected in the first half of 2026.
A copy of the posters titled “BBO-10203, a first-in-class breaker of the RAS:PI3Kα interaction, inhibits tumor growth alone and in combination with fulvestrant or ribociclib in breast cancer models without inducing hyperglycemia” and “BREAKER-101: a phase 1a/1b open-label study evaluating the safety, tolerability, pharmacokinetics, and efficacy of BBO-10203 in patients with advanced solid tumors” will be available on the “Publications” page of the BBOT website following the conference.
About BBO-10203
BBO-10203 is an orally bioavailable small molecule with a novel mechanism of action designed to inhibit the physical interaction between RAS and PI3Kα, inhibiting RAS-driven PI3Kα-AKT signaling in tumors. BBO-10203 binds directly and covalently to the RAS-binding domain of PI3Kα, preventing its activation by KRAS, HRAS and NRAS, reducing downstream signaling and tumor growth. It is a protein-protein inhibitor and not a kinase inhibitor, enabling inhibition of RAS-driven PI3Kα-AKT signaling in tumors without the risk of hyperglycemia. Importantly, BBO-10203’s ability to block RAS activation of PI3Kα is agnostic to the mutational status of either RAS or PI3Kα. In addition to a potentially differentiated safety profile, BBO-10203 could be combined with direct KRAS inhibitors, such as BBO-8520 and BBO-11818, or drugs that target HER2 or ER receptors. BBO-10203 is being evaluated in the Phase 1 BREAKER-101 trial (NCT06625775) for patients with locally advanced or metastatic HER2+ breast cancer, HR+/HER2- breast cancer, KRAS mutant colorectal cancer, and KRAS mutant non-small cell lung cancer. Initial Phase 1 clinical data are expected in the first half of 2026.
About BBOT
BBOT is a clinical-stage biopharmaceutical company advancing a next-generation pipeline of novel small molecule therapeutics targeting RAS and PI3Kα malignancies. BBOT has the goal of improving outcomes for patients with cancers driven by the two most prevalent oncogenes in human tumors. For more information, please visit www.bbotx.com and follow us on LinkedIn.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, as amended, and other federal securities laws. Any statements in this press release that are not historical facts may be deemed forward-looking statements, which generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook” and similar expressions that predict or indicate future events or trends. These statements are based on various assumptions, whether or not identified in this press release, and are the current expectations of BBOT’s management and are not predictions of actual performance. Many actual events and circumstances are beyond the control of BBOT. These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political, and legal conditions; risks relating to the uncertainty of the projected financial information with respect to BBOT; risks related to the approval of BBOT’s product candidates and the timing of expected regulatory and business milestones, including the progress of enrollment in clinical trials and availability of data from ongoing and planned clinical trials; the impact of competitive products; risks relating to BBOT’s ability to obtain sufficient supply of materials; and those factors discussed in documents BBOT has filed or will file with the U.S. Securities and Exchange Commission.
In addition, forward-looking statements reflect BBOT’s expectations, plans, or forecasts of future events and views as of the date of this press release and are qualified in their entirety by reference to the cautionary statements herein. BBOT anticipates that subsequent events and developments will cause BBOT’s assessments to change. These forward-looking statements should not be relied upon as any guarantee, assurance, prediction or definitive statement of fact or probability or as representing BBOT’s assessments as of any date subsequent to the date of this press release. Neither BBOT, nor its affiliates undertake any obligation to update these forward-looking statements, except as required by law.
BBOT Contacts:
Investor Contact:
Heather Armstrong, Head of Investor Relations
BBOT
Investors@BBOTx.com
Media Contact:
Jake Robison
Inizio Evoke Comms
Jake.robison@inizioevoke.com
FAQ
What preclinical effect did BBOT report for BBO-10203 on PI3Kα signaling?
Did BBOT report hyperglycemia with BBO-10203 in preclinical testing?
What is the BREAKER-101 trial for BBO-10203 (BBOT) and when are initial data expected?
Which combinations showed preclinical activity with BBOT's BBO-10203?
What mechanism differentiates BBO-10203 from traditional PI3Kα inhibitors?
