Omega Therapeutics reports Q3 EPS (40c), consensus (53c)

Reports Q3 revenue $831,000, consensus $440,000. “The promising initial data from our ongoing MYCHELANGELO(TM) I trial establish clinical proof for our pioneering OMEGA platform and support the potential of epigenomic controllers, our programmable mRNA candidates, as a new class of therapeutics,” said Mahesh Karande, President and Chief Executive Officer of Omega Therapeutics. “We are thrilled to have clearly demonstrated the ability to site-specifically target and controllably modulate the expression of MYC in all eight patients evaluated in the initial two dose cohorts of the trial. MYC, considered a “holy grail” oncogene, is just the first of many broadly-implicated targets in oncology where an epigenomic controller may provide therapeutic value. Moreover, these data highlight the promise of precision epigenomic control to address a broad range of diseases.”