Olema Pharmaceuticals

General Information
Business:

We are a clinical-stage biopharmaceutical company focused on the discovery, development and commercialization of next-generation targeted therapies for women’s cancers. Our team has spent the past decade characterizing the structure and function of the estrogen receptor, or ER, a key driver of breast cancer in approximately 75% of patients, in order to develop more potent, oral therapies that completely inactivate this signaling pathway.

Our lead product candidate, OP-1250, is a novel oral therapy with combined activity as both a complete ER antagonist, or CERAN, and a selective ER degrader, or SERD, which we believe will drive deeper, more durable responses than existing therapies. OP-1250, both as a monotherapy and in combination with inhibitors of cyclin-dependent kinase 4 and 6, or CDK4/6, demonstrated robust tumor shrinkage in several xenograft models, including a breast cancer brain metastasis model.

In August 2020, we initiated an ongoing Phase 1/2 dose escalation and expansion trial evaluating OP-1250 for the treatment of recurrent, locally advanced or metastatic ER-positive, or ER+, human epidermal growth factor receptor 2-negative, or HER2-, breast cancer, and expect to report initial data from this trial in the second half of 2021. We own worldwide development and commercialization rights to OP-1250. Our plan is to develop OP-1250 in a number of ER+ breast cancer indications, both as a monotherapy and in combination with approved targeted therapies that have shown improved outcomes with other endocrine therapies. We believe OP-1250’s oral formulation and dual mechanism of action directly address the limitations of current endocrine therapies, such as fulvestrant and tamoxifen, and position OP-1250 as a potential endocrine therapy of choice for the treatment of ER+ breast cancers. Our goal is to transform the standard of care for women living with cancers by developing more effective therapies that apply our deep understanding and collective expertise in endocrine-driven cancers, nuclear receptor activities and mechanisms of acquired resistance.

Industry: Pharmaceuticals
Employees: 10
Founded: 2006
Contact Information
Address 512 2nd Street, 4th Floor San Francisco, California 94107
Phone Number (415) 651-3316
Web Address http://www.olema.com/
View Prospectus: Olema Pharmaceuticals
Financial Information
Market Cap $637.8mil
Revenues $0 mil (last 12 months)
Net Income $-14.9 mil (last 12 months)
IPO Profile
Symbol OLMA
Exchange NASDAQ
Shares (millions): 11.0
Price range $19.00 - $19.00
Est. $ Volume $209.0 mil
Manager / Joint Managers J.P. Morgan/ Jefferies/ Cowen/ Canaccord Genuity
CO-Managers -
Expected To Trade: 11/19/2020
Status: Priced
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