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PMV Pharmaceuticals Announces Updated Promising Rezatapopt Monotherapy Interim Ovarian Cancer Data From PYNNACLE Phase 2 Pivotal Trial

(Moderate)
(Very Positive)

PMV Pharmaceuticals (Nasdaq: PMVP) reported updated interim ovarian cancer data from the Phase 2 pivotal portion of its PYNNACLE trial of rezatapopt monotherapy (2000 mg once-daily) in patients with TP53 Y220C advanced solid tumors. As of the May 14, 2026 cutoff, the efficacy population included 76 platinum-resistant/refractory ovarian cancer patients with at least one post-baseline tumor assessment or early discontinuation.

According to PMV Pharma, the ovarian cancer cohort showed an overall response rate (ORR) of 46% (35/76), including four confirmed complete responses, 29 confirmed partial responses, and two unconfirmed partial responses, per investigator RECIST v1.1 assessment. Median time to response was 1.3 months, and median duration of response was 10.0 months based on confirmed responses. Rezatapopt’s safety profile remained favorable, with mostly Grade 1–2 treatment-related adverse events and a 5% discontinuation rate due to treatment-related adverse events; safety in the ovarian cohort was similar to the overall population. PMV Pharma completed enrollment of the ovarian cancer cohort for the primary analysis and plans a broader PYNNACLE update, including primary analysis data, at a medical conference in fourth-quarter 2026. Following recent FDA feedback supporting its strategy, the company anticipates submitting a New Drug Application for accelerated approval in platinum-resistant/refractory TP53 Y220C ovarian cancer in the first quarter of 2027.

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Positive

  • 46% overall response rate (35/76) in ovarian cancer cohort per RECIST v1.1
  • Median duration of response 10.0 months among confirmed responders
  • Low 5% discontinuation due to treatment-related adverse events
  • Enrollment completed for platinum-resistant/refractory ovarian cancer primary analysis cohort
  • FDA feedback supports accelerated approval NDA strategy based on Phase 2 data
  • NDA submission targeted for Q1 2027 for TP53 Y220C ovarian cancer

Negative

  • None.

Market reaction after Phase 2 clinical data: PMVP -20.58%

-20.58% $0.96 1.9x vol
15m delay
-20.58% Vs previous close
+5.5% Peak Tracked
-60.0% Trough Tracked
$0.96 Last Price
$0.51 $1.37 Day Range
$51.37M Market Cap
1.9x Rel. Volume

Following this news, PMVP has declined 20.58%, reflecting a significant negative market reaction. Argus tracked a peak move of +5.5% during the session. Argus tracked a trough of -60.0% from its starting point during tracking. Our momentum scanner has triggered 16 alerts so far, indicating notable trading interest and price volatility. The stock is currently trading at $0.96. Trading volume is above average at 1.9x the average, suggesting increased trading activity.

Data tracked by StockTitan Argus (15 min delayed). Upgrade to Gold for real-time data.

Market Context

Tag-specific clinical-trial history averaged -9.44% across three events, despite this announcement's...
Analysis

Tag-specific clinical-trial history averaged -9.44% across three events, despite this announcement's improved interim metrics. The primary analysis and regulatory process remain key reference points.

Key Figures

Overall response rate: 46% Evaluable patients: 76 patients Median duration of response: 10.0 months +5 more
8 metrics
Overall response rate 46% Ovarian cancer cohort
Evaluable patients 76 patients Ovarian cancer efficacy population
Median duration of response 10.0 months Confirmed responses only
Median time to response 1.3 months Ovarian cancer cohort
Treatment-related AE discontinuation 5% Ovarian cancer cohort
Rezatapopt dose 2000 mg once-daily Phase 2 monotherapy trial
NDA submission timing First quarter of 2027 Accelerated approval strategy
Cohort update timing Fourth quarter of 2026 Medical conference update

Previous Clinical trial Reports

3 past events · Latest: Oct 24 (Positive)
Same Type Pattern 3 events
Date Event Sentiment 24h Move Catalyst
Oct 24 Phase 2 trial data Positive -1.3% Updated multi-tumor Phase 2 data reported 34% ORR and 7.6-month response duration.
Sep 10 Phase 2 trial data Positive -20.6% Initial Phase 2 interim data reported 33% overall ORR and 43% ovarian ORR.
Oct 23 Trial progress update Negative -6.4% Combination arm discontinued after dose-limiting toxicities and limited clinical benefit.

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

Pattern Detected

PMVP's tag-specific clinical-trial announcements showed two divergent negative reactions to positive data and one aligned negative reaction to adverse trial news.

Key Terms

orr, recist, new drug application, accelerated approval
4 terms
orr medical
"Overall response rate (ORR) of 46% (35/76 patients"
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 medical
"Response Evaluation Criteria in Solid Tumors (RECIST) version 1.1"
RECIST (Response Evaluation Criteria In Solid Tumors) is a standardized set of rules doctors and researchers use to measure how solid tumors change over time on medical scans, categorizing whether a tumor shrinks, grows, or stays the same. Investors pay attention because RECIST-based results often serve as clear, comparable trial endpoints that influence drug approvals, market expectations and company valuations—like using a reliable ruler to track progress in a development program.
new drug application regulatory
"submitting a New Drug Application (NDA) for accelerated approval"
A new drug application is a formal request submitted to government regulators seeking approval to market a new medicine. It is like a detailed proposal that shows the drug has been tested for safety and effectiveness. For investors, receiving approval signals that the drug may soon become available for sale, potentially leading to revenue growth and impacting the company's value.
accelerated approval regulatory
"strategy for submitting a New Drug Application (NDA) for accelerated approval"
Accelerated approval is a process that allows new medical treatments to be approved more quickly than usual if they address serious or life-threatening conditions and show promising early results. For investors, it signals that a treatment may reach the market sooner, potentially boosting a company's prospects, but it also involves some uncertainty since full evidence of effectiveness is still being gathered.

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

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  • 46% ORR observed among 76 evaluable patients in the ovarian cancer cohort with a median duration of response of 10.0 months
  • Recent FDA interaction supports NDA submission strategy for accelerated approval of rezatapopt for platinum-resistant/refractory ovarian cancer, with submission planned in first quarter of 2027
  • PMV plans to provide an update on all PYNNACLE Phase 2 pivotal trial cohorts at a medical conference in fourth quarter of 2026

PRINCETON, N.J., Aug. 31, 2026 (GLOBE NEWSWIRE) -- PMV Pharmaceuticals, Inc. (“PMV Pharma” or the “Company”; Nasdaq: PMVP), a precision oncology company pioneering the discovery and development of small molecule therapies targeting p53, today announced updated interim ovarian cancer data from the Phase 2 pivotal portion of the PYNNACLE clinical trial. The multicenter, single-arm, registrational Phase 2 trial is assessing rezatapopt as monotherapy at a dose of 2000 mg once-daily in patients with TP53 Y220C advanced solid tumors.

Enrollment of platinum-resistant/refractory ovarian cancer patients for the primary analysis in the Phase 2 monotherapy portion of the PYNNACLE Phase 2 pivotal trial has been completed. The Company plans to provide an update on all PYNNACLE Phase 2 pivotal trial cohorts at a medical conference in the fourth quarter of 2026, including the primary analysis data from the ovarian cancer cohort.

PYNNACLE Phase 2 Ovarian Cancer Interim Data Update

The updated interim ovarian cancer data below are summarized as of a May 14, 2026 data cutoff date.

Efficacy

  • The efficacy population consisted of 76 patients enrolled as of the data cutoff date who either had ≥1 post-baseline tumor assessment or discontinued early.
  • Overall response rate (ORR) of 46% (35/76 patients, including four confirmed complete responses, 29 confirmed partial responses, and two unconfirmed partial responses) per investigator assessment according to Response Evaluation Criteria in Solid Tumors (RECIST) version 1.1.
  • The median time to response was 1.3 months and median duration of response was 10.0 months, based on confirmed responses only.

Safety

Rezatapopt continues to show a favorable and consistent safety and tolerability profile across all cohorts, with mostly Grade 1 and 2 treatment-related adverse events (AEs) observed as well as a low rate (5%) of discontinuation due to treatment-related AEs. The safety and tolerability profile of rezatapopt in the ovarian cancer cohort was similar to the overall population.

Regulatory Update

In a recent meeting with the U.S. Food and Drug Administration (FDA), the Company obtained feedback that continues to support its strategy for submitting a New Drug Application (NDA) for accelerated approval of rezatapopt in patients with platinum-resistant/refractory ovarian cancer with a TP53 Y220C mutation based on the Phase 2 portion of the PYNNACLE clinical trial. The Company anticipates submitting an NDA in the first quarter of 2027.

About Rezatapopt

Rezatapopt (PC14586) is a first-in-class, small molecule, p53 reactivator designed to selectively bind to the pocket in the p53 Y220C mutant protein, restoring the wild-type tumor-suppressor function. The U.S. Food and Drug Administration granted Fast Track designation to rezatapopt for the treatment of patients with locally advanced or metastatic solid tumors with a p53 Y220C mutation and Orphan Drug Designation for the treatment of TP53 Y220C positive ovarian cancer, fallopian tube cancer, and primary peritoneal cancer.

About the PYNNACLE Clinical Trial

The ongoing Phase 1/2 PYNNACLE clinical trial is evaluating rezatapopt in patients with advanced solid tumors harboring a TP53 Y220C mutation. The primary objective of the Phase 1 portion of the clinical trial was to determine the maximum tolerated dose and recommended Phase 2 dose (RP2D) of rezatapopt when administered orally to patients. Safety, tolerability, pharmacokinetics, and effects on biomarkers were also assessed. The Phase 2 portion is a registrational, single arm, expansion basket clinical trial comprising five cohorts (ovarian, lung, breast, and endometrial cancers, and other solid tumors) with the primary objective of evaluating the efficacy of rezatapopt at the RP2D in patients with TP53 Y220C, conducted across approximately 70 sites.

For more information about the Phase 1/2 PYNNACLE clinical trial, refer to www.clinicaltrials.gov (NCT trial identifier NCT04585750).

About PMV Pharma

PMV Pharma is a precision oncology company pioneering the discovery and development of small molecule therapies targeting p53. TP53 mutations are found in approximately half of all cancers. Our co-founder, Dr. Arnold Levine, established the field of p53 biology when he discovered the p53 protein in 1979. Bringing together leaders in the field to utilize more than four decades of p53 biology, PMV Pharma combines unique biological understanding with a pharmaceutical development focus. PMV Pharma is headquartered in Princeton, New Jersey. For more information, please visit www.pmvpharma.com.

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 Company’s future plans or expectations for rezatapopt, including the Company’s ability to obtain approval as a treatment option as a monotherapy, expectations regarding timing, enrollment status and success of the Phase 2 portion of the current clinical trial for rezatapopt and the timing of a filing of a New Drug Application (NDA) for platinum-resistant/refractory ovarian cancer, the expectations and timing regarding receipt and disclosures of data results from clinical trials, the adequacy of the data from clinical trials to support proof-of-concept and/or the Company’s pursuit of regulatory approval of a NDA, the benefits of FDA’s grant of Orphan Drug Designation (ODD) for rezatapopt, and the timing and expectations with respect to the Company’s projected cash runway. Any forward-looking statements in this statement 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: the success, cost, and timing of the Company’s product candidate development activities, including the successful filing of NDAs, and planned clinical trials, the Company’s ability to execute on its strategy and operate as a clinical stage company, the potential for clinical trials of rezatapopt or any future clinical trials of other product candidates to differ from preclinical, preliminary or expected results, maintenance by the Company of ODD status and related benefits for rezatapopt, the Company’s ability to fund operations, and the impact that a global pandemic, other public health emergencies or geopolitical tensions or conflicts may have on the Company’s clinical trials, supply chain, and operations, as well as those risks and uncertainties set forth in the section entitled “Risk Factors” in the Company’s Annual Report on Form 10-K, filed with the Securities and Exchange Commission (the “SEC”) on March 6, 2026, most recent Quarterly Report on Form 10-Q, filed with the SEC on August 14, 2026, and its other filings filed with the SEC. 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.

Contacts

Investors Contact:
Tim Smith
Senior Vice President, Head of Corporate Development and Investor Relations
investors@pmvpharma.com

Media Contact:
Kathy Vincent
Greig Communications
kathy@greigcommunications.com


FAQ

What ovarian cancer results did PMV Pharmaceuticals (PMVP) report from the PYNNACLE Phase 2 rezatapopt trial?

PMV Pharmaceuticals reported a 46% overall response rate in the ovarian cancer cohort. According to PMV Pharma, 35 of 76 evaluable platinum-resistant/refractory patients responded, including four confirmed complete and 29 confirmed partial responses, with a 10.0‑month median duration of response among confirmed responders.

What is the overall response rate for rezatapopt in the PYNNACLE Phase 2 ovarian cancer cohort (PMVP)?

The overall response rate was 46% in the ovarian cancer cohort. According to PMV Pharma, 35 of 76 patients responded per investigator RECIST v1.1 assessment, including four confirmed complete responses, 29 confirmed partial responses, and two unconfirmed partial responses at the May 14, 2026 cutoff.

What were the duration and time to response for rezatapopt in PMVP’s ovarian cancer trial?

Median duration of response was 10.0 months, with a 1.3‑month median time to response. According to PMV Pharma, these medians were calculated among confirmed responders in the 76‑patient efficacy population as of the May 14, 2026 data cutoff in PYNNACLE.

How safe was rezatapopt in PMV Pharmaceuticals’ PYNNACLE Phase 2 ovarian cancer cohort?

Rezatapopt showed a favorable safety and tolerability profile in the trial. According to PMV Pharma, treatment-related adverse events were mostly Grade 1 or 2, with only 5% of patients discontinuing due to treatment-related adverse events; ovarian cohort safety was similar to the overall population.

What is the FDA regulatory status and NDA plan for rezatapopt in ovarian cancer (PMVP)?

FDA feedback supports PMV Pharma’s strategy for an accelerated approval NDA. According to PMV Pharma, the company plans to submit a New Drug Application for platinum-resistant/refractory TP53 Y220C ovarian cancer in the first quarter of 2027, based on Phase 2 PYNNACLE data.

When will PMV Pharmaceuticals (PMVP) present full PYNNACLE Phase 2 data for rezatapopt?

PMV Pharmaceuticals plans to present a broader PYNNACLE Phase 2 update in fourth-quarter 2026. According to PMV Pharma, this medical conference update will include primary analysis data from the platinum-resistant/refractory ovarian cancer cohort and updates on all Phase 2 pivotal trial cohorts.