Biomea Fusion Reports First Quarter 2024 Financial Results and Corporate Highlights
Cash position of $145.3 million at the end of the first quarter of 2024
- Cash position of $145.3 million at the end of the first quarter of 2024
REDWOOD CITY, Calif., May 02, 2024 (GLOBE NEWSWIRE) -- Biomea Fusion, Inc. (“Biomea” or “the Company”) (Nasdaq: BMEA), a clinical-stage biopharmaceutical company dedicated to discovering and developing oral covalent small molecules to treat and improve the lives of patients with metabolic diseases and genetically defined cancers, reported first quarter 2024 financial results and corporate highlights. - There is currently a waitlist for the fourth cohort which we expect will open for enrollment in the second half of this year.
- This is truly an exciting and validating update on our progress in type 1 diabetes.
- On track to announce a third development candidate from the Biomea FUSION™ Platform technology.