Cash ReservesBlack Diamond ended 2Q24 with approximately $112.7M in cash, cash equivalents, and marketable securities, which should provide an operational runway into 4Q25.
Clinical DevelopmentBDTX-1535 has shown robust activity in both C797S and PACC non-classical EGFR+ NSCLC with objective response rates of 40% and 44%, which are competitive with alternative non-targeted therapies.
Financial PerformanceBlack Diamond reported its 3Q24 financial results, recording a net loss of $0.28 per share, narrower than the prior estimated net loss of $0.37 per share, predominantly attributed to lower-than-anticipated operating expenses.
Safety ProfileThe safety profile of BDTX-1535 is consistent with approved EGFR TKI class of drugs, with no cases of severe side effects like G3/4 diarrhea or off-target effects.