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Black Diamond Therapeutics Announces Positive Phase 2 Results for Silevertinib in Frontline NSCLC Patients with EGFR Non-Classical Mutations

(Positive)

Black Diamond Therapeutics (Nasdaq: BDTX) reported positive Phase 2 results for silevertinib in frontline NSCLC patients with EGFR non-classical mutations.

Key data include preliminary mPFS of 15.2 months, ORR of 60%, DCR of 91%, CNS ORR of 86%, and no de novo brain metastases observed.

Safety data showed a dose-dependent, manageable AE profile, supporting 150 mg once daily for pivotal development.

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Positive

  • Preliminary mPFS of 15.2 months (95% CI: 10.8; NE) in 1L NSCLC
  • Objective Response Rate of 60% and Disease Control Rate of 91%
  • CNS Objective Response Rate of 86% with no de novo brain metastases
  • Median duration of response not reached at 11.2 months median follow-up
  • Variant allele frequency reduction across 25 unique EGFR-NCMs, including PACC mutations
  • Safety and efficacy data support 150 mg once-daily dose for pivotal development

Negative

  • Treatment-emergent adverse events > Grade 3 occurred in 28% of patients after dose reduction
  • Phase 2 dataset remains preliminary, with 43 enrolled patients and 11.2 months median follow-up

News Market Reaction – BDTX

-35.77% 4.8x vol
74 alerts
-35.77% Session close to close
+5.0% Peak Tracked
-40.2% Trough Tracked
$223.48M Market Cap
4.8x Rel. Volume

In the May 22 session, BDTX declined 35.77%, reflecting a significant negative market reaction. Argus tracked a peak move of +5.0% during that session. Argus tracked a trough of -40.2% from its starting point during tracking. Our momentum scanner triggered 74 alerts that day, indicating high trading interest and price volatility. Trading volume was very high at 4.8x the daily average, suggesting heavy selling pressure.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock dropped -35.8% in the session following this news. A negative reaction despite favorable m...
Analysis

The stock dropped -35.8% in the session following this news. A negative reaction despite favorable metrics such as mPFS of 15.2 months and 86% CNS ORR would fit prior patterns where positive silevertinib updates saw selling pressure. Historical clinical headlines produced an average move of -5.99%, including sharp declines in Dec 2025. Concerns could include future capital needs under the $500,000,000 shelf, trial design risks, or skepticism about durability and regulatory pathways, even when current data appear objectively strong.

Key Figures

Median PFS (mPFS): 15.2 months (95% CI: 10.8; NE) Median DOR: Not reached (95% CI: 7.0; NE) Sample size: 43 patients +5 more
8 metrics
Median PFS (mPFS) 15.2 months (95% CI: 10.8; NE) Phase 2 frontline NSCLC silevertinib trial
Median DOR Not reached (95% CI: 7.0; NE) Phase 2 frontline NSCLC silevertinib trial
Sample size 43 patients 1L NSCLC enrolled at 200 mg once daily
CNS ORR 86% CNS objective response rate by RANO-BM
ORR 60% Objective response rate by RECIST 1.1 in EGFR-NCMs
DCR 91% Disease control rate by RECIST 1.1
TRAEs > Grade 3 28% After dose reduction in Phase 2 trial
Median follow-up 11.2 months Phase 2 frontline NSCLC silevertinib trial

Previous Clinical trial Reports

5 past events · Latest: May 19 (Neutral)
Same Type Pattern 5 events
Date Event Sentiment 24h Move Catalyst
May 19 Clinical webcast notice Neutral +16.3% Announcement of investor webcast to review updated Phase 2 silevertinib data.
Apr 21 ASCO data presentations Positive +3.3% Multiple ASCO presentations planned for Phase 2 silevertinib data in NSCLC and GBM.
Dec 03 Preliminary Phase 2 data Positive -22.0% Preliminary Phase 2 frontline NSCLC data with 60% ORR and 86% CNS ORR.
Dec 02 Webcast announcement Neutral -22.0% Planned webcast to present silevertinib Phase 2 results and program update.
Sep 23 Initial Phase 2 data Positive -5.5% Initial Phase 2 data for BDTX-1535 in recurrent EGFRm NSCLC at 200 mg dose.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Clinical trial headlines have often seen weak or negative moves, with notable selloffs after positive silevertinib updates. The recent May webcast announcement was a rare strong upside outlier.

Recent Company History

Over the past two years, Black Diamond has repeatedly highlighted Phase 2 progress for silevertinib in NSCLC, including initial data with 60% ORR, 86% CNS ORR, and 91% DCR and multiple ASCO-focused announcements. Market reactions to these clinical updates were mixed, including sharp selloffs in Dec 2025 despite positive efficacy signals. Today’s detailed Phase 2 readout with mPFS and durability metrics builds directly on those earlier preliminary results and ASCO presentation plans.

Key Terms

mPFS, mDOR, CNS, ORR, +2 more
6 terms
mPFS medical
"Preliminary mPFS of 15.2 months; mDOR not reached"
The MPFS (Medicare Physician Fee Schedule) is the official price list Medicare uses to set how much it will pay doctors and other clinicians for specific medical services. Think of it like a menu of reimbursement rates: changes to the MPFS raise or lower what providers earn for each procedure, which can directly affect health-care providers’ revenue, profit margins and the valuations of companies that rely heavily on Medicare payments — information investors use to judge financial risk and growth prospects.
mDOR medical
"Preliminary mPFS of 15.2 months; mDOR not reached"
mDOR (median duration of response) is the time at which half of the patients who initially benefited from a treatment no longer show that benefit, so it summarizes how long a positive effect lasts across a study group. Investors watch mDOR as a measure of a drug’s durability—like the expected useful life of a product—because longer mDORs suggest more lasting clinical value, stronger competitive position and potentially greater commercial and pricing potential.
CNS medical
"Robust CNS activity, with 86% CNS ORR; no patients developed de novo brain"
CNS stands for the central nervous system, the brain and spinal cord that control thought, movement and bodily functions. For investors, CNS-focused products and research matter because therapies aimed at this “delicate wiring” are scientifically challenging, often carry higher development and regulatory risk, and can take longer to prove safe and effective — but successful treatments also tend to command large markets and premium pricing.
ORR medical
"Robust CNS activity, with 86% CNS ORR; no patients developed de novo brain"
Objective Response Rate (ORR) is the percentage of patients in a clinical trial whose tumors shrink or disappear by a predefined amount after treatment. For investors, ORR is a quick, measurable signal of a therapy’s effectiveness—like early sales numbers for a new product—and strong ORR data can boost a drug’s commercial prospects and company valuation, while weak ORR can temper expectations.
RECIST 1.1 medical
"Previously disclosed Objective Response Rate (ORR by RECIST 1.1) and Disease"
RECIST 1.1 is a standardized set of rules used in cancer clinical trials to measure how solid tumors respond to treatment by tracking changes in size on medical scans. Think of it as a consistent ruler and scorecard that tells doctors and regulators whether a drug is shrinking tumors, keeping them stable, or allowing them to grow. Investors care because RECIST-based results are common primary endpoints that influence regulatory decisions, trial success, and a therapy’s commercial prospects.
variant allele frequency medical
"Variant allele frequency (VAF) reduction observed in all evaluable patients"
Variant allele frequency is the proportion of DNA molecules in a sample that carry a specific genetic change, usually measured by sequencing and expressed as a percentage. Think of it as the share of colored marbles in a jar: a higher share means the mutation is more common in the measured tissue or virus. For investors, VAF matters because it helps assess how strongly a mutation drives disease, how likely a targeted therapy will work, and whether resistance or diagnostic tests will be commercially relevant.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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  • Preliminary mPFS of 15.2 months; mDOR not reached
  • Robust CNS activity, with 86% CNS ORR; no patients developed de novo brain metastases
  • ORR 60% in patients with a broad spectrum of EGFR-NCMs, including PACC
  • Dose dependent and manageable AE profile, no new safety signals observed
  • Webcast on Thursday, May 21, 2026 at 5:30 pm EDT

CAMBRIDGE, Mass., May 21, 2026 (GLOBE NEWSWIRE) -- Black Diamond Therapeutics, Inc. (Nasdaq: BDTX), a clinical-stage oncology company developing MasterKey therapies that target families of oncogenic mutations in patients with cancer, today announced positive results from its Phase 2 trial of silevertinib in frontline (1L) non-small cell lung cancer (NSCLC) patients with epidermal growth factor receptor (EGFR) non-classical mutations (NCMs). These data will be presented by Julia Rotow, M.D., Clinical Director, Lowe Center for Thoracic Oncology at the Dana-Farber Cancer Institute, at the 2026 American Society of Clinical Oncology® (ASCO®) Annual Meeting on Saturday, May 30, 2026, 1:15 PM-2:45 PM CDT.

“Silevertinib continues to demonstrate potential to become a practice changing frontline therapy for NSCLC patients with EGFR-NCMs, delivering robust preliminary mPFS that far exceeds historical data for currently available therapies” said Sergey Yurasov, M.D., Ph.D., Chief Medical Officer of Black Diamond Therapeutics. “Importantly, silevertinib prevented the development of de novo brain metastases in this patient population, where progression via CNS metastases frequently occurs. We look forward to meeting with the FDA later this year to discuss our pivotal development plan.”

“Patients with EGFR non-classical mutations represent a meaningful and underserved subset of NSCLC, with historically poor progression-free survival on available frontline TKIs,” added Dr. Rotow. “The activity we are seeing with silevertinib across the full NCM spectrum, combined with its CNS activity, is highly encouraging, and I look forward to sharing these data with the oncology community at ASCO next week.”

Silevertinib 1L NSCLC Phase 2 Results Summary

Results as of an April 11, 2026 data cutoff date include:

  • 43 patients with 1L NSCLC were enrolled at a 200 mg once daily dose of silevertinib
    • Patients presented with a broad spectrum of EGFR-NCMs, including compound and P-Loop and C-Helix Compressing (PACC) mutations
    • 19 patients with brain metastases, 7 of whom had measurable central nervous system (CNS) target lesions
    • 11.2 months median follow-up

  • Durability
    • Preliminary median Progression-free Survival (mPFS) is 15.2 months (95% CI: 10.8; NE)
    • Median duration of response (DOR) had not been reached (95%CI: 7.0, NE)
    • 23 of 43 patients (53%) remain on therapy, with longest at 23.5 months

  • CNS Activity
    • No patients developed de novo brain metastases
    • Previously disclosed CNS Objective Response Rate (ORR by RANO-BM) remained at 86%

  • ORR and DCR
    • Previously disclosed Objective Response Rate (ORR by RECIST 1.1) and Disease Control Rate (DCR) remained at 60% and 91%, respectively
    • Variant allele frequency (VAF) reduction observed in all evaluable patients across 25 unique EGFR-NCMs, including PACC

  • Safety
    • No new safety signals were observed
    • The rate of TRAEs > Grade 3 was reduced to 28% following dose reduction
    • Patients maintained or deepened clinical responses after dose reduction
    • Safety and efficacy data support 150 mg QD for pivotal development

ASCO Abstract: 8519
Title: Safety and efficacy results of the phase 2 study of silevertinib (BDTX-1535) in treatment-naïve patients with non-small cell lung cancer with non-classical EGFR mutations
Presenter: Julia Rotow, M.D., Clinical Director, Lowe Center for Thoracic Oncology at Dana-Farber Cancer Institute
Date and Time: May 30, 2026, 1:15 PM-2:45 PM CDT (slides will be available at the time of the presentation on the Black Diamond website)

Company Webcast Information
Black Diamond will hold a webcast for investors on Thursday, May 21, 2026 at 5:30 p.m. EDT. The webcast can be accessed under “Events and Presentations” on the Investors section of the Black Diamond website at www.blackdiamondtherapeutics.com.

About Silevertinib

Silevertinib is an investigational oral, covalent, brain-penetrant fourth-generation tyrosine kinase inhibitor (TKI) that selectively targets classical and more than 50 non-classical EGFR mutations in NSCLC. It is also designed to potently inhibit key EGFR alterations seen in GBM, including EGFRvIII, while avoiding the paradoxical EGFR activation reported with reversible TKIs. To date, over 200 patients with EGFR‑mutant NSCLC or EGFR‑altered GBM have been treated with silevertinib.

In addition to the ongoing Phase 2 trial of silevertinib in patients with EGFRm NSCLC, the Company also initiated a randomized Phase 2 trial of silevertinib in patients with newly diagnosed EGFRvIII-positive GBM (NCT07326566) in May 2026.

About Black Diamond Therapeutics

Black Diamond Therapeutics is a clinical-stage oncology company developing MasterKey therapies that target families of oncogenic mutations in patients with cancer. The Company’s MasterKey therapies are designed to address a broad spectrum of genetically defined tumors, overcome resistance, minimize wild-type mediated toxicities, and be brain penetrant to treat central nervous system disease. The Company is advancing silevertinib, an investigational brain-penetrant fourth-generation EGFR MasterKey inhibitor targeting EGFR-mutant NSCLC and GBM. For more information, please visit www.blackdiamondtherapeutics.com.

From time to time, we may use our website or our LinkedIn profile at www.linkedin.com/company/black-diamond-therapeutics to distribute material information. Our financial and other material information is routinely posted to and accessible on the Investors section of our website, available at www.blackdiamondtherapeutics.com. Investors are encouraged to review the Investors section of our website because we may post material information on that site that is not otherwise disseminated by us. Information that is contained in and can be accessed through our website or our LinkedIn page is not incorporated into, and does not form a part of, this press release.

Forward-Looking Statements

Statements contained in this press release regarding matters that are not historical facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Such statements include, but are not limited to, statements regarding: the continued development and advancement of silevertinib, including the ongoing Phase 2 clinical trials and the timing of clinical updates for silevertinib in patients with NSCLC and in patients with GBM, the potential of silevertinib to address the unmet medical need for newly diagnosed GBM patients and newly diagnosed NSCLC patients with non-classical EGFR mutations and benefit patients with NSCLC across multiple lines of therapy, the potential future development plans for silevertinib in NSCLC and GBM, and the competitive landscape and market for silevertinib or any of the Company’s other current or future product candidates, including statements relating to the estimated percentage of newly diagnosed NSCLC patients with non-classical EGFR mutations and the potential addressable patient population. Any forward-looking statements in this press release are based on management’s current expectations of future events and are subject to a number of risks and uncertainties that could cause actual results to differ materially and adversely from those set forth in or implied by such forward-looking statements. Risks that contribute to the uncertain nature of the forward-looking statements include those risks and uncertainties set forth in its Annual Report on Form 10-K for the year ended December 31, 2025, filed with the United States Securities and Exchange Commission and in its subsequent filings filed with the United States Securities and Exchange Commission. All forward-looking statements contained in this press release speak only as of the date on which they were made. The Company undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made.

Contact
For Investors:
investors@bdtx.com

For Media:
media@bdtx.com


FAQ

What Phase 2 results did Black Diamond (BDTX) report for silevertinib in EGFR non-classical mutation NSCLC?

Black Diamond reported positive Phase 2 results for silevertinib in frontline NSCLC with EGFR non-classical mutations. According to Black Diamond, preliminary mPFS reached 15.2 months, with 60% Objective Response Rate and 91% Disease Control Rate at 11.2 months median follow-up.

How effective is silevertinib against brain metastases in the Black Diamond (BDTX) Phase 2 NSCLC study?

Silevertinib showed strong CNS activity in the Phase 2 NSCLC study. According to Black Diamond, CNS Objective Response Rate was 86%, no patients developed de novo brain metastases, and 19 patients had brain metastases at baseline, including seven with measurable CNS target lesions.

What safety profile was observed for silevertinib in Black Diamond’s (BDTX) Phase 2 frontline NSCLC trial?

Silevertinib showed a dose-dependent and manageable adverse event profile in Phase 2. According to Black Diamond, no new safety signals were seen, TRAEs over Grade 3 fell to 28% after dose reduction, and patients maintained or deepened responses after dose reduction, supporting 150 mg once daily.

How many patients were enrolled and what follow-up was reported in the Black Diamond (BDTX) silevertinib Phase 2 trial?

The Phase 2 silevertinib trial enrolled 43 frontline NSCLC patients with EGFR non-classical mutations. According to Black Diamond, median follow-up was 11.2 months, 23 of 43 patients (53%) remained on therapy, and the longest treatment duration reached 23.5 months.

What are the next development steps for silevertinib after Black Diamond’s (BDTX) Phase 2 NSCLC results?

Black Diamond plans to advance silevertinib into pivotal development following Phase 2 results. According to Black Diamond, safety and efficacy findings support a 150 mg once-daily dose, and the company expects to meet with the FDA later in 2026 to discuss its pivotal development plan.

When will Black Diamond (BDTX) present the silevertinib Phase 2 NSCLC data at ASCO 2026?

The silevertinib Phase 2 NSCLC data will be presented at ASCO 2026. According to Black Diamond, the presentation is scheduled for May 30, 2026, from 1:15 PM to 2:45 PM CDT, with slides available on the company’s website.

What investor webcast has Black Diamond (BDTX) scheduled about the silevertinib Phase 2 results?

Black Diamond scheduled an investor webcast to discuss the silevertinib Phase 2 results. According to Black Diamond, the webcast will occur on May 21, 2026, at 5:30 p.m. EDT and can be accessed under “Events and Presentations” on its investor relations website.