OnKure Therapeutics Reports Fourth Quarter and Full Year 2024 Financial Results and Recent Business Highlights
PIKture-01 Trial Updates: OnKure Therapeutics is set to provide additional data from the PIKture-01 trial, including safety and pharmacokinetic results for its lead drug OKI-219, with updates expected in the second half of 2025. The company has also initiated a combination study with fulvestrant and plans to announce a new pan-mutant selective program by Q2 2025.
Financial Overview: As of December 31, 2024, OnKure reported approximately $110.8 million in cash, sufficient to fund operations through multiple clinical readouts into Q4 2026. The company experienced increased R&D expenses and reported a net loss of $17.4 million for the fourth quarter of 2024.
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Trial Progress and Financial Outlook: OnKure Therapeutics is making progress in its PIKture-01 trial, with plans to report additional data in late 2025. The company has $96.7 million in cash, expected to fund operations through Q4 2026.
Development of New Candidates: OnKure is advancing its PI3K franchise, aiming to announce a pan-mutant selective development candidate by Q2 2025, while also reporting positive preliminary results from the ongoing trials of its lead drug, OKI-219.

Analyst Rating Changes: Various Wall Street analysts have adjusted their price targets for several companies, with Citigroup lowering AvePoint's target from $18 to $16 while maintaining a Neutral rating, and BMO Capital raising Protagonist Therapeutics' target from $62 to $72 with an Outperform rating.
Stock Performance Updates: Other notable changes include Stifel cutting DarioHealth's target to $2 but keeping a Buy rating, and Morgan Stanley increasing Gilead Sciences' target to $130 while maintaining an Overweight rating.






