Welcome to our dedicated page for Relay Therapeutics news (Ticker: RLAY), a resource for investors and traders seeking the latest updates and insights on Relay Therapeutics stock.
Relay Therapeutics, Inc. (Nasdaq: RLAY) is a clinical-stage precision medicine company that regularly issues news about its small molecule programs for cancer and genetic disease. Company updates frequently highlight progress for its lead PI3Kα program, RLY-2608, also referred to as zovegalisib, and the use of its Dynamo® platform to address challenging protein targets.
Investors and followers of RLAY news can expect detailed announcements on clinical trial milestones, including interim and subset analyses from the ReDiscover first-in-human study and the Phase 3 ReDiscover-2 trial in HR+/HER2- breast cancer with PI3Kα mutations. Press releases have described efficacy measures such as progression-free survival and objective response rates, as well as safety and tolerability profiles for zovegalisib or RLY-2608 in combination with agents like fulvestrant and CDK inhibitors.
Relay Therapeutics also issues corporate and financial updates, such as quarterly financial results, cash runway commentary, and changes to its Board of Directors. These items are often accompanied by Form 8-K filings and may include information on research and development spending, general and administrative expenses, and net loss figures, without serving as investment advice.
Additional news items cover participation in healthcare and biotechnology investor conferences, where company management joins fireside chats hosted by firms such as Jefferies, Goldman Sachs, Wells Fargo, Guggenheim and Morgan Stanley. These events provide further context on strategy, the Dynamo platform, and the clinical pipeline, including programs for NRAS-driven solid tumors and Fabry disease.
This news page aggregates such disclosures so readers can follow Relay Therapeutics’ clinical progress, scientific presentations at meetings like ASCO and SABCS, and ongoing corporate developments related to the RLAY stock.
Relay Therapeutics (Nasdaq: RLAY) announced the presentation of initial clinical data for RLY-4008 and preclinical data for RLY-2608 at the AACR-NCI-EORTC Molecular Targets Conference from October 7-10, 2021. RLY-4008 is a selective FGFR2 inhibitor currently in a first-in-human trial, while RLY-2608, a pan-mutant PI3Kα inhibitor, is set to start its first trial in early 2022. A conference call will occur on October 8 to discuss the results.
Relay Therapeutics (Nasdaq: RLAY) has selected RLY-2608 as a development candidate for PI3Kα mutant inhibitors and plans to initiate a first-in-human study in H1 2022. RLY-2608 effectively inhibits mutants H1047X, E542X, and E545X, impacting over 100,000 patients annually in the U.S. The company reported Q2 2021 financial results, revealing a net loss of $193.4 million. Additionally, Relay has partnered with EQRx to develop oncology medicines, sharing development costs and profits equally. The company expects sufficient cash to fund operations into 2024.
Relay Therapeutics (Nasdaq: RLAY) announced plans to report its second quarter 2021 financial results on August 12, 2021, after market closure. The company will not hold a teleconference to discuss these results. Relay Therapeutics is a clinical-stage precision medicine firm focused on transforming drug discovery using its innovative Dynamo™ platform, targeting oncology and genetic diseases. The company aims to tackle challenging protein targets through an integration of computational and experimental technologies.
Relay Therapeutics (Nasdaq: RLAY) will participate in two upcoming fireside chats: at the Goldman Sachs 42nd Annual Global Healthcare Conference on June 10, 2021, at 3:50 pm ET, and at the JMP Securities Life Science Conference on June 17, 2021, at 10:30 am ET. These discussions will be webcast live and accessible via the Investor page of Relay's website. Archived replays will be available for 90 days post-event. Relay Therapeutics, a clinical-stage precision medicine company, aims to enhance drug discovery using its Dynamo™ platform focused on oncology and genetic diseases.
Relay Therapeutics (Nasdaq: RLAY) will participate in a fireside chat at the Cowen 2nd Annual Virtual Oncology Innovation Summit on May 20, 2021, at 11:20 AM ET. The event will be webcast live and accessible via the Investor page of Relay's website. A replay of the chat will be available for 90 days post-event, until August 18, 2021. Relay Therapeutics focuses on precision medicine, using its Dynamo™ platform to enhance drug discovery for challenging protein targets, particularly in oncology and genetic diseases.
Relay Therapeutics reported its first quarter 2021 financial results, highlighting a cash reserve of approximately $726.1 million, up from $678.1 million at the end of 2020, ensuring funding into 2024. The company focuses on advancing its clinical programs, including RLY-1971 and RLY-4008, and has made its first acquisition of ZebiAI to enhance its Dynamo™ platform. However, the net loss widened to $42.2 million, compared to $24.9 million in Q1 2020, with increased R&D and G&A expenses.
Relay Therapeutics (Nasdaq: RLAY) has appointed Dr. Patrick Riley as the senior vice president of artificial intelligence, enhancing its computational strength in drug discovery. With 15 years of experience from Google, Dr. Riley will spearhead a computational team focused on applying AI to drug development. His expertise in machine learning and data science is expected to strengthen Relay's innovative approach, particularly following its recent acquisition of ZebiAI. The company aims to tackle challenging protein targets to deliver transformative therapies.
Relay Therapeutics (Nasdaq: RLAY) will participate in a fireside chat at the Bank of America 2021 Health Care Conference on May 11, 2021, at 8:45 a.m. ET. This event can be accessed live via Relay’s Investor page, with an archived replay available for 24 hours post-event, until August 13, 2021. Relay Therapeutics is a clinical-stage precision medicines company utilizing its innovative Dynamo™ platform to advance small molecule discoveries for targeted oncology and genetic diseases.
Relay Therapeutics announced the appointments of Tara O'Meara as Senior VP of Clinical Development Operations and Dr. Charles Ferté as VP, Global Medical Lead for RLY-4008. Both bring extensive experience in drug development, aimed at enhancing Relay's clinical capabilities. O'Meara has over a decade of experience in rare genetic diseases and oncology, while Dr. Ferté has 15 years in oncology R&D, including roles at AstraZeneca. This leadership expansion is expected to strengthen Relay's drug pipeline as they continue developing therapies for critical conditions.
Relay Therapeutics has announced its acquisition of ZebiAI for $85 million, comprising $20 million in cash and $65 million in stock. This acquisition aims to enhance Relay’s Dynamo™ platform, integrating ZebiAI's extensive experimental data and machine learning models to accelerate drug discovery. The deal allows for additional milestone payments up to $85 million and a 10% share of future collaboration revenues, capped at $100 million. Relay anticipates this acquisition will strengthen its position in the biotech sector and support its operational plans into 2024.
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