Foghorn Therapeutics Presents Preclinical Data for FHD-909
Foghorn Therapeutics presented new preclinical data for Selective SMARCA2 inhibitor FHD-909 showing complete and durable tumor regression together with anti-tumor immune memory following combination treatment with an anti-PD-1 antibody in preclinical syngeneic mouse models. The company also reported new preclinical data for its Selective CBP and Selective EP300 degrader programs, demonstrating favorable efficacy and safety profiles across a range of difficult-to-treat cancers, in addition to progress with its Selective ARID1B degrader program. These data were unveiled in multiple oral and poster presentations at the 2026 American Association for Cancer Research Annual Meeting. Key highlights include: Complete and durable regression and anti-tumor immune memory following treatment with FHD-909 in combination with an anti-PD-1 antibody in preclinical syngeneic mouse models; Selective CBP degrader FHT-171 shows strong anti-tumor activity and favorable tolerability in preclinical models of heavily pretreated ER+ breast cancer; Selective EP300 degrader outperforms clinical benchmark in preclinical multiple myeloma models, showing enhanced safety and efficacy ; Robust degradation achieved with cereblon-based selective ARID1B degraders with potential for oral bioavailability
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- Disappointing Earnings: Foghorn Therapeutics reported a FY GAAP EPS of -$1.18, missing expectations by $0.08, indicating ongoing challenges in profitability that could undermine investor confidence.
- Weak Revenue Growth: The company generated $30.91 million in revenue, a 36.8% year-over-year increase, yet it fell short of the $31.02 million forecast, reflecting intensified market competition and underperformance in product sales, which may pressure future growth.
- Strong Cash Position: As of December 31, 2025, Foghorn had $158.9 million in cash, cash equivalents, and marketable securities, providing a cash runway into the first half of 2028, ensuring funding for ongoing R&D efforts.
- Uncertain Market Outlook: Despite a solid cash position, the dual misses in earnings and revenue may raise concerns about the company's future growth potential, prompting investors to closely monitor subsequent strategic adjustments and market reactions.
- New CFO Appointment: Foghorn Therapeutics announced that Ryan Maynard will join as CFO effective February 23, 2026, bringing over 25 years of executive experience in biopharma and healthcare technology, which is expected to enhance the company's financial management.
- Strong Financing Background: Maynard has raised over $1 billion in public and private financings throughout his career, a capability that will likely bolster Foghorn's financial flexibility and market competitiveness in future capital operations.
- Impact of Previous Role: Prior to joining Foghorn, Maynard served as CFO of Cara Therapeutics, and his performance in that role is expected to provide valuable experience that could accelerate the implementation of the company's financial strategies.
- Market Reaction: Although executive changes are typically viewed as positive signals, Foghorn Therapeutics' shares fell by 1.72%, reflecting a cautious market attitude towards this appointment, which may impact investor confidence.
- Summit Participation: Foghorn Therapeutics will participate in the Guggenheim Emerging Outlook Biotech Summit on February 11-12, 2026, in New York, showcasing its innovative drug development in oncology.
- Management Presentation: CEO Adrian Gottschalk is scheduled to present on February 11 at 3:00 PM EST, sharing the latest advancements in the company's gene expression correction efforts, which is expected to attract investor interest.
- Webcast Availability: The presentation will be webcasted under the 'Events & Presentations' section of the company's website and will be available for replay for 30 days, enhancing investor engagement.
- R&D Platform: Foghorn's Gene Traffic Control® platform focuses on developing drug candidates targeting genetically determined dependencies, aiming to drive therapeutic innovation in oncology with significant market potential.

- FDA Orphan Drug Designation: Atossa Therapeutics (ATOS) announced that its (Z)-endoxifen received Orphan Drug Designation from the FDA, leading to a 12.98% stock increase to $0.69, marking a significant milestone in the treatment of Duchenne muscular dystrophy and expected to drive future R&D progress.
- Clinical Trial Progress: ImmunityBio (IBRX) reported that over 85% of the study population has been enrolled in its registrational trial QUILT-2.005 for BCG-naïve non-muscle-invasive bladder cancer, with stock rising 9.43% to $6.04, and full enrollment anticipated by Q2 2026, enhancing market confidence.
- NASDAQ Compliance Extension: Femasys (FEMY) received NASDAQ approval for a 180-day extension to meet the minimum $1.00 bid price requirement, with stock climbing 10.68% to $0.72, providing the company until July 13, 2026, to regain compliance, alleviating investor concerns.
- Successful Financing: Foghorn Therapeutics (FHTX) closed a $50 million registered direct financing at a 30% premium, resulting in a 4.02% stock increase to $6.26, demonstrating market confidence and support for its future development.

- Market Growth Potential: The precision oncology market is projected to surge from $110 billion to $225.65 billion, highlighting the industry's urgent demand for registration-ready assets, positioning Oncolytics Biotech at the forefront of this growth wave.
- Executive Appointments: Oncolytics Biotech has appointed John McAdory as Executive Vice President of Strategy and Operations and Yujun Wu as Vice President, Head of Biostatistics, both bringing extensive experience in late-stage oncology trial execution and regulatory strategy to drive the company's registration-directed programs in gastrointestinal cancers.
- Clinical Data Breakthrough: In third-line data for anal cancer, pelareorep achieved a 29% objective response rate, nearly tripling historical benchmarks, with a median duration of response reaching approximately 17 months, showcasing its potential in a setting with no FDA-approved treatment options.
- FDA Study Design Approval: Oncolytics has secured FDA alignment on its Phase 3 study design for first-line metastatic pancreatic cancer, positioning it to launch the only immunotherapy registration trial currently planned for this disease, further solidifying its market position.

- Market Growth Potential: The precision oncology market is projected to surge from $110 billion to $225.65 billion, highlighting the industry's urgent need for registration-ready assets, positioning Oncolytics Biotech as a key investment opportunity.
- Executive Appointments: Oncolytics Biotech has appointed John McAdory as Executive Vice President of Strategy and Operations and Yujun Wu as Vice President, Head of Biostatistics, both bringing extensive experience in late-stage oncology trial execution and regulatory strategy, which will drive the company's registration programs in gastrointestinal cancers.
- Clinical Data Breakthrough: Pelareorep achieved a 29% objective response rate in third-line treatment, nearly tripling historical benchmarks in a setting with no FDA-approved treatment options, indicating significant clinical potential and likely accelerating the approval process for anal cancer.
- FDA Study Design Endorsement: Oncolytics has secured FDA alignment on its Phase 3 study design for pelareorep in first-line metastatic pancreatic cancer, marking the company's unique position in the immunotherapy registration trial landscape and expected to drive future market opportunities.






