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Stock impact report

Palazestrant's Journey: Olema Pharmaceuticals' Long Oncology Path [Seeking Alpha]

Novartis AG (NVS) 
Last novartis ag earnings: 4/28 01:00 am Check Earnings Report
US:NYSE Investor Relations: novartis.com/investors
Company Research Source: Seeking Alpha
Their flagship drug, palazestrant, shows promising results for halting the progression of estrogen receptor-positive and HER2-negative breast cancer. The company has collaborations with Novartis and Pfizer and expects trial updates in 2024, but tangible FDA approvals and revenues are still a long way off. Despite promising developments, the long FDA approval and revenue generation timeline warrants a “hold” rating. Olema Pharmaceuticals, Inc. ( NASDAQ: OLMA ) is a promising clinical-stage biopharmaceutical developing targeted oncology therapies primarily related to women's cancer. The company's flagship drug is palazestrant (OP-1250), which has promising results for halting the progression of estrogen receptor-positive [ER+] and human epidermal growth factor receptor two negatives [HER2-] breast cancer. It has promising efficacy as a monotherapy (in phase 3) and through combined treatments with CDK 4/6 inhibitors like ribociclib and palbociclib (in phase 2). Moreover, the compa Show less Read more
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