earnings
confidence high
sentiment neutral
materiality 0.70
Foghorn Therapeutics Q1 net loss narrows to $18.8M; pipeline advances with FHD-909 Phase 1 and degrader programs
Foghorn Therapeutics Inc.
2025-Q1 EPS reported
-$0.30
revenue$5,952,000
- Q1 2025 net loss $18.8M vs $25.0M in Q1 2024; collaboration revenue $6.0M (up from $5.1M).
- Cash, equivalents, and marketable securities $220.6M; cash runway into 2027.
- FHD-909 (SMARCA2 inhibitor) Phase 1 dose escalation in SMARCA4-mutated cancers ongoing, NSCLC primary target.
- Selective CBP degrader targeting IND in 2026; ARID1B and EP300 degrader program updates expected H2 2025.
- Board appointments: Neil Gallagher (Syndax President) and Stuart Duty (former Guggenheim Senior MD) in May 2025.