Fulcrum Therapeutics Stock Price, News & Analysis

Fulcrum Therapeutics (Nasdaq: FULC) recognizes Rare Disease Day 2021, emphasizing the importance of community support for those affected by rare diseases, especially during COVID-19. The company highlights challenges faced by patients with facioscapulohumeral muscular dystrophy (FSHD) and sickle cell disease (SCD) while announcing initiatives to raise awareness and foster connections within the rare disease community. Fulcrum's ongoing clinical developments include losmapimod for FSHD and FTX-6058 for SCD. The press release also underscores the absence of approved therapies for these conditions.

Fulcrum Therapeutics, a clinical-stage biopharmaceutical company focused on genetically defined rare diseases, announced its upcoming participation in two virtual investor conferences. The SVB Leerink 10th Annual Global Healthcare Conference is scheduled for February 25, 2021, at 10:40 a.m. ET. The H.C. Wainwright Global Life Sciences Conference will feature a prerecorded fireside chat on March 9, 2021, at 7:00 a.m. ET. Audio webcasts will be accessible through the Investor Relations section of the Fulcrum website for 90 days after each event.

Fulcrum Therapeutics, Inc. (Nasdaq: FULC) has successfully closed its public offering of 4,600,000 shares at $11.00 each, generating total gross proceeds of $50.6 million. This offering included 600,000 shares from underwriters exercising their option to purchase additional shares. The company aims to utilize these funds to advance its clinical trials for treatments targeting genetically defined rare diseases, including facioscapulohumeral muscular dystrophy and sickle cell disease.

Fulcrum Therapeutics has announced a public offering of 4,000,000 shares of its common stock at $11.00 each, totaling gross proceeds of $44 million, before expenses. The offering is fully underwritten and expected to close on January 22, 2021. Additionally, the underwriters have a 30-day option to purchase up to 600,000 more shares. The offering is registered under an effective shelf registration statement with the SEC. Funds from this offering will support the company's clinical programs for rare diseases.

Fulcrum Therapeutics (Nasdaq: FULC) announced the commencement of an underwritten public offering of its common stock, entirely offered by the company. The offering will include a 30-day option for underwriters to purchase an additional 15% of the shares. This follows a previously filed shelf registration statement with the SEC. Joint book-running managers for the offering include SVB Leerink, Piper Sandler & Co., and Credit Suisse. The completion of the offering is subject to market conditions, and there is no assurance regarding its final terms.

Fulcrum Therapeutics (Nasdaq: FULC) has promoted Christopher Moxham, Ph.D. to chief scientific officer, effective February 5, 2021. He will lead the company’s drug discovery and translational science efforts, including advancing FTX-6058 for sickle cell disease and beta thalassemia. Owen Wallace, Ph.D., the previous CSO, will transition to the Scientific Advisory Board, contributing his expertise to ongoing R&D. Moxham brings over 20 years of experience in drug discovery, previously at Eli Lilly, and is expected to enhance Fulcrum's pipeline development.

Fulcrum Therapeutics (Nasdaq: FULC), a biopharmaceutical company focused on rare diseases, announced management's participation in a fireside chat at the virtual H.C. Wainwright BioConnect Conference. The live webcast will be accessible on January 11, 2021, at 6:00 a.m. ET through the conference portal and the company's investor relations site. An archived replay will be available for 90 days post-conference. Fulcrum is advancing treatments such as losmapimod for facioscapulohumeral muscular dystrophy and FTX-6058 for sickle cell disease in clinical development.

Fulcrum Therapeutics (Nasdaq: FULC) announced a Key Opinion Leader (KOL) meeting on December 15, 2020, at 8:30 am ET to present their novel compound FTX-6058 targeting hemoglobinopathies, specifically sickle cell disease and beta-thalassemia.

Prominent experts, including Dr. Maureen Achebe and Dr. Gerd Blobel, will discuss the treatment landscape and answer questions. FTX-6058 is a small molecule designed to increase fetal hemoglobin expression, with promising preclinical results showing a potential 30% increase in HbF levels. A Phase 1 trial in healthy volunteers is underway.

Fulcrum Therapeutics (Nasdaq: FULC) announced the presentation of preclinical data on FTX-6058 for sickle cell disease during the virtual 62nd ASH Annual Meeting, December 5-8, 2020. FTX-6058, a potent EED inhibitor, showed potential to increase fetal hemoglobin (HbF) by approximately 30% in preclinical models, potentially transforming sickle cell treatment. The company has also initiated a Phase 1 trial with FTX-6058 in healthy volunteers. The robust pharmacological profile and mechanism of action could address significant unmet needs in sickle cell disease.