Black Diamond Therapeutics, Inc. Stock Price, News & Analysis

Black Diamond Therapeutics, Inc. (Nasdaq: BDTX) announced that its CEO, David M. Epstein, Ph.D., will present a company update at the Jefferies Global Healthcare Conference on June 8, 2022, at 3:00 PM ET in New York. The presentation will highlight the company’s advancements in precision oncology and MasterKey therapies aimed at treating genetically defined cancers. A live webcast will be available on their investor relations website, with a replay accessible for 90 days post-event. Black Diamond focuses on innovative oncology solutions for patients with limited treatment options.

Black Diamond Therapeutics, Inc. (Nasdaq: BDTX) has appointed Dr. Sergey Yurasov as Chief Medical Officer, replacing Karsten Witt, who transitions to an advisory role. Dr. Yurasov brings over 25 years of experience in oncology drug development, with expertise in EGFR mutant non-small cell lung cancer and glioblastoma. His appointment comes as the company advances its MasterKey therapies, including lead programs BDTX-1535 and BDTX-4933. The transition is seen as pivotal for the company's strategy in addressing unmet medical needs in precision oncology.

Black Diamond Therapeutics, a precision oncology medicine company, announced that its CEO, David M. Epstein, Ph.D., will present an update on the company's progress at the H.C. Wainwright Global Investment Conference. The presentation will be available for on-demand viewing starting May 24, 2022, at 7:00 a.m. ET. Interested parties can access the webcast in the investor relations section of the company’s website, where a replay will also be available for 90 days. The company focuses on developing MasterKey therapies for genetically defined cancers.

Black Diamond Therapeutics has published findings revealing 22 new oncogenic HER2 driver mutations discovered through its MAP discovery engine. The research, appearing in the AACR's Cancer Research Journal, emphasizes the importance of identifying these mutations for developing novel inhibitors aimed at treating HER2-mutant cancers. The study validated 37 HER2 driver mutations from 820 variants analyzed, demonstrating Black Diamond's capacity for drug discovery focused on precision oncology. This advancement highlights the necessity of innovative treatment options for patients with specific genetic profiles.

Black Diamond Therapeutics (Nasdaq: BDTX) announced the dosing of the first patient in the Phase 1 study of BDTX-1535 for glioblastoma multiforme (GBM) and non-small cell lung cancer (NSCLC). The company reported financial results for Q1 2022, highlighting a cash position of approximately $179.7 million, down from $209.8 million in Q4 2021. R&D expenses decreased to $17.8 million, while net loss narrowed to $25.5 million from $30.3 million year-over-year. The company extends its cash runway into Q3 2024, emphasizing its strategic focus on BDTX-1535 and BDTX-4933.

Black Diamond Therapeutics (NASDAQ: BDTX) announced a strategic realignment to enhance operational efficiency and extend its cash runway into Q3 2024. The company will discontinue the development of BDTX-189 and reduce its workforce by approximately 30%. Focus will shift to advancing key programs BDTX-1535 and BDTX-4933, aimed at addressing unmet needs in precision oncology. BDTX-1535 is in Phase 1 development for glioblastoma, while BDTX-4933 is undergoing IND-enabling studies. These moves are expected to support significant upcoming clinical milestones.

Black Diamond Therapeutics (Nasdaq: BDTX) announced the dosing of the first patient in its Phase 1 clinical study of BDTX-1535, a MasterKey inhibitor targeting EGFR mutations in non-small cell lung cancer (NSCLC) and glioblastoma (GBM). The trial aims to address the unmet needs of patients with these conditions, especially those resistant to current treatments. BDTX-1535 is anticipated to benefit over 60,000 GBM patients annually in key markets, with updates expected in the second half of 2023. The company utilizes its MAP drug discovery engine to develop precision oncology therapies.

Black Diamond Therapeutics (Nasdaq: BDTX) has announced that its President and CEO, David M. Epstein, Ph.D., will give a presentation on the company’s advancements at the Canaccord Genuity Horizons in Oncology Virtual Conference on April 14, 2022, at 10:00 a.m. ET. Interested parties can access a live webcast of the discussion through the investor relations section of Black Diamond's website. The company specializes in precision oncology and is focused on developing novel MasterKey therapies for patients with genetically defined cancers.

Black Diamond Therapeutics (BDTX) announced the appointment of Wendy L. Dixon, Ph.D., to its Board of Directors following the resignation of Brad Bolzon, Ph.D. This change aims to bolster the company's leadership as it advances its MasterKey therapies. Dr. Dixon, with over 40 years of experience in the biopharmaceutical industry and a strong background in marketing and drug development, is expected to enhance strategic initiatives, particularly in the ongoing clinical development of BDTX-1535 for glioblastoma multiforme. Dr. Epstein praised Bolzon's contributions during his tenure.