Olema Pharmaceuticals Secures Major Partnership and Funding

Olema Pharmaceuticals ( (OLMA) ) has issued an announcement.

Olema Pharmaceuticals has forged a significant collaboration with Novartis to advance its pivotal Phase 3 OPERA-02 trial, combining palazestrant with ribociclib for treating frontline ER+/HER2- metastatic breast cancer. Concurrently, Olema secured a $250 million private placement to fuel its clinical endeavors, including the ongoing OPERA-01 and new trials, positioning it well for future milestones. This strategic partnership and financial boost underscore Olema’s commitment to transformative cancer therapies, appealing to investors keen on innovative biopharma initiatives.

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