Olema Pharmaceuticals Inc. (OLMA)
NASDAQ (NGS) NASDAQ (NGS) Primary Summary
Wall Street Analysts Think Olema Pharmaceuticals (OLMA) Could Surge 433.13%: Read This Before Placing a Bet
The average of price targets set by Wall Street analysts indicates a potential upside of 433.1% in Olema Pharmaceuticals (OLMA). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
After Plunging -30.16% in 4 Weeks, Here's Why the Trend Might Reverse for Olema Pharmaceuticals (OLMA)
The heavy selling pressure might have exhausted for Olema Pharmaceuticals (OLMA) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
Olema Pharmaceuticals: Maybe Not Differentiated, But Could Find A Niche In A Valuable Market
Olema Pharmaceuticals's palazestrant shows promise in late-stage trials for metastatic breast cancer, with potential FDA approval and commercial launch by 2027. Strong liquidity with $139.5 million in cash and $294.6 million in marketable securities, providing a cash runway of 4-4.5 years. Despite competition in the SERD space, OLMA's valuation is low at $200 million, suggesting potential for significant upside.
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Olema Pharmaceuticals Inc. Profile
| Biotechnology Industry | Healthcare Sector | Sean P. Bohen CEO | NASDAQ (NGS) Exchange | 68062P106 CUSIP |
| US Country | 96 Employees | - Last Dividend | - Last Split | 19 Nov 2020 IPO Date |
Overview
Olema Pharmaceuticals, Inc. is a forward-thinking clinical-stage biopharmaceutical company that has dedicated its research and development efforts toward creating innovative therapies specifically designed for women’s cancers. Established initially as CombiThera, Inc., the company underwent a name change to Olema Pharmaceuticals, Inc. in March 2009, signaling a renewed focus and commitment to its mission. Olema Pharmaceuticals is based in San Francisco, California, and has been advancing cancer treatment options since its inception in 2006. The company’s strategic approach to combating women’s cancers through groundbreaking therapies showcases its commitment to addressing the needs of patients battling these diseases.
Products and Services
- OP-1250
- Combination Therapy with CDK4/6 Inhibitors
- OPERA-01
OP-1250 represents the forefront of Olema Pharmaceuticals’ innovative product lineup, functioning as both an estrogen receptor (ER) antagonist and a selective ER degrader. This cutting-edge compound is currently undergoing a Phase 3 clinical trial aimed at treating recurrent, locally advanced, or metastatic estrogen receptor-positive, human epidermal growth factor receptor 2-negative breast cancer. The development of OP-1250 is significant due to its potential to offer a more effective treatment option for patients with this type of breast cancer, addressing a major unmet medical need.
Expanding on the potential of OP-1250, Olema Pharmaceuticals is exploring its combination with CDK4/6 inhibitors such as palbociclib, ribociclib, and alpelisib. This innovative approach is currently in Phase 1/2 clinical trials, focusing on the treatment of recurrent, locally advanced, or metastatic estrogen receptor-positive human epidermal growth factor receptor 2-negative breast cancer. By leveraging the synergy between OP-1250 and CDK4/6 inhibitors, the company aims to enhance the efficacy of treatment and provide new hope to patients affected by this challenging condition.
With OPERA-01, Olema Pharmaceuticals further extends its commitment to addressing women’s cancers, targeting ER+/HER2- advanced or metastatic breast cancer. This developmental project signifies the company’s ongoing efforts to broaden its portfolio and bring forth new, effective treatments in the fight against breast cancer, emphasizing a patient-centric approach in oncology.
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