Black Diamond Therapeutics projects funding to last through the fourth quarter of 2027.
- Financial Position: Black Diamond concluded Q3 2025 with approximately $135.5 million in cash, cash equivalents, and investments.
- Future Funding: The company believes this amount is sufficient to cover its operating expenses and capital expenditures through Q4 2027.
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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.
