Biomea Fusion Reports First Quarter 2024 Financial Results and Corporate Highlights
Biomea Fusion, Inc. (BMEA)
Company Research
Source: GlobeNewswire
Reported positive data from the escalation portion of Phase 1/2 study (COVALENT-111) in type 2 diabetes patients, displaying durable improved glycemic control while off therapy for 22 weeks, supporting the disease-modifying potential of BMF-219 to address a root cause of diabetes: a loss of healthy, insulin-producing beta cellsAnnounced initial clinical data from our Phase 2 study (COVALENT-112) in type 1 diabetes from the first two type 1 diabetes patients dosed with BMF-219 and demonstrated early signs of clinical activity with improved measures of beta-cell function after initial treatment with BMF-219We expect a reduction in operating expenses in the second half of the year due to the near completion of enrollment of the first three arms of our type 2 diabetes study and near completion of enrollment of the open label portion of our type 1 diabetes study. Cash position of $145.3 million at the end of the first quarter of 2024 REDWOOD CITY, Calif., May 02, 2024 (GLOBE NEWSWIRE) -
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BMEA
News
- Biomea Fusion, Inc. (NASDAQ: BMEA) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $50.00 price target on the stock.MarketBeat
- Biomea Fusion, Inc. (NASDAQ: BMEA) had its price target raised by analysts at JPMorgan Chase & Co. from $14.00 to $15.00. They now have a "neutral" rating on the stock.MarketBeat
- Biomea Fusion Reports First Quarter 2024 Financial Results and Corporate Highlights [Yahoo! Finance]Yahoo! Finance
- Biomea Fusion, Inc. Reports Inducement Grants under Nasdaq Listing Rule 5635(c)(4)GlobeNewswire
- Biomea Fusion, Inc. (NASDAQ: BMEA) had its "outperform" rating re-affirmed by analysts at Oppenheimer Holdings Inc.. They now have a $70.00 price target on the stock.MarketBeat
BMEA
Earnings
- 5/2/24 - Miss
BMEA
Sec Filings
- 5/2/24 - Form 8-K
- 5/2/24 - Form 10-Q
- 4/26/24 - Form ARS
- BMEA's page on the SEC website