Black Diamond's Lung Cancer Treatment Demonstrates 60% Response Rate in Phase 2 Results
Phase 2 Trial Results: Black Diamond Therapeutics reported topline data from its Phase 2 trial of silevertinib in non-small cell lung cancer patients, showing a 60% objective response rate and 86% CNS response rate, with no new safety signals observed.
Stock Performance: Following the trial results, BDTX stock experienced a significant decline of 23.77%, trading at $2.62.
Future Plans: The company plans to present updated trial results in 2026 and is also set to initiate a randomized Phase 2 trial for glioblastoma patients in the first half of 2026.
Financial Outlook: Black Diamond has approximately $135.5 million in cash and investments, which it believes will cover operating expenses into the second half of 2028.
Trade with 70% Backtested Accuracy
Analyst Views on BDTX
About BDTX
About the author
PayPal Analyst Changes Stance; Check Out Thursday's Top 5 Downgrades
Analyst Downgrades: JP Morgan downgraded Lennar Corporation from Neutral to Underweight, lowering the price target from $118 to $115, while shares closed at $133.13.
EastGroup Properties: Mizuho downgraded EastGroup Properties from Outperform to Neutral, cutting the price target from $180 to $172, with shares closing at $179.24.
Pentair plc: Barclays downgraded Pentair from Overweight to Equal-Weight, slashing the price target from $127 to $115, as shares closed at $106.47.
PayPal Holdings: JP Morgan downgraded PayPal from Overweight to Neutral, reducing the price target from $85 to $70, with shares closing at $61.24.
Black Diamond's Lung Cancer Treatment Demonstrates 60% Response Rate in Phase 2 Results
Phase 2 Trial Results: Black Diamond Therapeutics reported topline data from its Phase 2 trial of silevertinib in non-small cell lung cancer patients, showing a 60% objective response rate and 86% CNS response rate, with no new safety signals observed.
Stock Performance: Following the trial results, BDTX stock experienced a significant decline of 23.77%, trading at $2.62.
Future Plans: The company plans to present updated trial results in 2026 and is also set to initiate a randomized Phase 2 trial for glioblastoma patients in the first half of 2026.
Financial Outlook: Black Diamond has approximately $135.5 million in cash and investments, which it believes will cover operating expenses into the second half of 2028.
