Tango Therapeutics Inc. (TNGX)
NASDAQ (NMS) NASDAQ (NMS) Primary Summary
TNGX Stock Jumps 53% on Early Pancreatic Cancer Study Results
Tango Therapeutics rises 53% after early pancreatic cancer study data show strong response rates for vopimetostat combinations and support late-stage plans.
Tango Therapeutics, Inc. (TNGX) Discusses Promising Clinical Results for Vopimetostat and Pan-RAS Inhibitor Combination in MTAP-Deleted Pancreatic Cancer Transcript
Tango Therapeutics, Inc. (TNGX) Discusses Promising Clinical Results for Vopimetostat and Pan-RAS Inhibitor Combination in MTAP-Deleted Pancreatic Cancer Transcript
Tango Therapeutics stock soars on promising pancreatic cancer data
Shares of Tango Therapeutics (TNGX) surged more than 51% on Monday after the clinical-stage biotechnology company reported encouraging early-stage trial results for its experimental cancer treatment, vopimetostat. The drug was tested in combination with Revolution Medicines' daraxonrasib.
Tango Therapeutics Inc. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
 Farallon Capital Farallon Capital Management LLC | 9.1M | $58.08M | $271.28M | $213.2M | 367.08% |
 Point72 Asset Management LP Point72 Asset Management LP | 533,937 | $4.49M | $15.92M | $11.44M | 255% |
| JC Joseph Castro Nuveen LLC | 360,818 | $3.79M | $10.76M | $6.97M | 184.13% |
| LP Li Peng China Universal Asset Management Co. Ltd. | 21,946 | $166,572.9 | $654,429.72 | $487,856.82 | 292.88% |
| TK Taro Kuriyama Axq Capita LLP | 20,268 | $173,378.84 | $601,148.88 | $427,770.04 | 246.73% |
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Tango Therapeutics Inc. Profile
| Biotechnology Industry | Healthcare Sector | Malte Peters CEO | NASDAQ (NMS) Exchange | 87583X109 CUSIP |
| US Country | 155 Employees | - Last Dividend | - Last Split | 3 Sep 2020 IPO Date |
Overview
Tango Therapeutics, Inc. is a pioneering biotechnology firm engaged in the discovery and development of novel cancer treatments. With its foundation laid in 2017 and headquartered in Cambridge, Massachusetts, Tango's mission revolves around crafting innovative therapeutic strategies to tackle various cancer types. The company's robust research and development activities are highlighted by its strategic collaboration with Gilead Sciences, Inc., focusing on the discovery, development, and commercialization of a new pipeline of cancer therapies. This partnership underscores Tango Therapeutics' commitment to advancing the landscape of cancer treatment through cutting-edge scientific innovation and collaboration.
Products and Services
- TNG908
- Ubiquitin-specific protease 1 (USP1) inhibitor
- Target 3 inhibitor for STK11-mutant cancers
The flagship program of Tango Therapeutics, TNG908, stands as a testament to the company's innovative approach in cancer therapy. It is a synthetic lethal small molecule inhibitor targeting protein arginine methyltransferase 5 (PRMT5). This drug candidate is primarily developed for treating cancers characterized by methylthioadenosine phosphorylase (MTAP) deletions. By inhibiting PRMT5, TNG908 disrupts the cancer cell's abnormal growth mechanisms, offering a novel approach to cancer treatment.
This therapeutic candidate marks another stride in Tango's commitment to addressing genetically defined cancers. The USP1 inhibitor is designed to treat patients harboring BRCA1 or BRCA2 mutations. These genetic alterations are commonly associated with a higher risk of developing several cancer types, including breast and ovarian cancer. By targeting USP1, Tango aims to exploit a critical vulnerability in cancer cells with these mutations, showcasing the potential for precision medicine in cancer care.
Further expanding its portfolio, Tango is developing a therapeutic product aimed at combating STK11-mutant cancers. Although specific details about this program are not disclosed, the focus on STK11 mutations—which are prevalent in certain lung cancers—illustrates Tango's commitment to targeting genetic drivers of cancer progression. This approach not only highlights the company's innovative edge but also its dedication to addressing unmet medical needs across various cancer patient populations.
