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-0.00691642651296836 -0.00835734870317 -0.00518731988472622 -0.0028818443804035 -0.00979827089337186 -0.00979827089337186 -0.00979827089337186 -0.00979827089337186
Stock impact report

OnKure: Looking To Alter PI3K Inhibitor Targeting In Breast Cancer And Beyond [Seeking Alpha]

OnKure Therapeutics, Inc. - Class A (OKUR) 
Company Research Source: Seeking Alpha
Terry Chrisomalis Investing Group Leader Follow Summary Initial OnKure Therapeutics, Inc. data from the phase 1 PIKture-01 study, using OKI-219 for the treatment of patients with PI3Ka-H1047R breast cancer and solid tumors, is expected in Q4 of 2024. OKI-219 has 80X fold improved selectivity PI3K-a targeting versus wild-type PI3K-a, potentially allowing for higher dosing and reducing unwanted off-target effects. The merger with Reneo Pharmaceuticals and $65 million private placement boosts OnKure's cash to $139 million, funding operations into Q4 2026. Significant market opportunity exists with 15% of breast cancer patients expressing the PI3Ka-H1047R mutation, and the company aims to outperform competitors with greater selectivity of OKI-219. Looking for a portfolio of ideas like this one? Members of Biotech Analysis Central get exclusive access to our subscriber-only portfolios. Learn More » miodrag ignjatovic/E+ via Getty Images OnKure Therapeutics, Inc. NASDAQ Show less Read more
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