Foghorn Therapeutics

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Are you still looking for information about Foghorn Therapeutics Company Inc Stock? An AI summarized it for you.

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Stock Summary

Foghorn Therapeutics Inc. develops FHD-286, a small molecule inhibitor of the enzymatic activity of BRG1 and BRM. The company is also developing an enzymatically inhibitor and a protein degr.

Today's Summary

Foghorn Therapeutics Inc. (FHTX) ranks higher than 85% of stocks in the Biotechnology industry, which ranks 119 out of 146 industries. The biotech company said Eli Lilly will conduct clinical trials of one of Foghorns cancer treatment candidates. FHD-286 combination study in AML continues to progress in the clinic with data anticipated in the second half of 2024. Wall Street analysts view Foghorn Therapeutics on the whole as a Neutral, given the history of coverage over the past three months. Morgan Stanley is the most bearish, expecting a 40.0% fall.

Today's News

Foghorn Therapeutics Inc. (FHTX) ranks higher than 85% of stocks in the Biotechnology industry, which ranks 119 out of 146 industries. The biotech company said Eli Lilly will conduct clinical trials of one of Foghorns cancer treatment candidates. FHD-286 combination study in AML continues to progress in the clinic with data anticipated in the second half of 2024. Wall Street analysts view Foghorn Therapeutics on the whole as a Neutral, given the history of coverage over the past three months. Morgan Stanley is the most bearish, expecting a 40.0% fall.

Stock Profile

"Foghorn Therapeutics Inc., a clinical-stage biopharmaceutical company, engages in the discovery and development of medicines targeting genetically determined dependencies within the chromatin regulatory system. The company uses its proprietary Gene Traffic Control platform to identify, validate, and potentially drug targets within the system. It develops FHD-286, a small molecule inhibitor of the enzymatic activity of BRG1 and BRM for the treatment of metastatic uveal melanoma and relapsed and/or refractory acute myeloid leukemia and myelodysplastic syndrome; and FHD-609, a small molecule protein degrader for BRD9 to treat patients with synovial sarcoma. The company is also developing an enzymatic inhibitor and a protein degrader as selective modulators of BRM; and ARID1B selective modulators for the treatment of ovarian, endometrial, colorectal, bladder, and gastric cancers. It has a research collaboration and license agreement with Merck Sharp & Dohme Corp. to discover and develop novel oncology therapeutics against a transcription factor target; and Loxo Oncology to create novel oncology medicines. Foghorn Therapeutics Inc. was incorporated in 2015 and is headquartered in Cambridge, Massachusetts."

Keywords

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