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Olema Q2 2026 net loss $63.2M, cash $461.1M; OPERA-01 enrollment complete
Net loss $63.2M vs $43.8M in Q2 2025; R&D expenses $57.8M vs $43.9M (GAAP).
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Olema announces Phase 1 data for OP-3136: tumor shrinkage in 13/19 evaluable, no DLTs
OP-3136 monotherapy well-tolerated up to 45 mg; no DLTs, no discontinuations due to TRAEs.
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Olema reports FY2025 net loss of $162.5M; cash $505.4M; OPERA-01 data fall 2026
Net loss Q4 $46.1M, full year $162.5M; R&D expenses $43.2M and $157.7M respectively.
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Olema Pharmaceuticals announces $190M follow-on offering of 10M shares at $19.00
Offering of 10,000,000 shares of common stock at $19.00 per share for gross proceeds of ~$190M.
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Olema reports palazestrant + ribociclib Phase 1b/2 mPFS of 15.5 months in ER+/HER2- MBC
As of July 8, 2025, 72 patients enrolled across 90 mg and 120 mg palazestrant dose cohorts with ribociclib 600 mg.
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Olema enters clinical trial agreement with Pfizer for palazestrant + atirmociclib phase 1b/2
Phase 1b/2 study to evaluate safety and combinability of palazestrant plus Pfizer’s investigational CDK4 inhibitor atirmociclib in ER+/HER2- metastatic breast cancer.
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Olema Q2 net loss $43.8M, selects 90 mg palazestrant dose for Phase 3 trials, cash $361.9M
Q2 net loss $43.8M vs $30.4M YoY; increase driven by $10M Aurigene milestone and higher R&D for late-stage trials.
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Olema Q1 2025: $392.7M cash, net loss $30.4M; palazestrant combo mPFS 13.8 months
Cash, cash equivalents, and marketable securities of $392.7M at March 31, 2025; net loss $30.4M.
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Olema gets FDA IND clearance for OP-3136; palazestrant combo shows 73% 6-month PFS
FDA cleared IND for KAT6 inhibitor OP-3136; Phase 1 to start early 2025.
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Olema Pharma enters Novartis collaboration for Phase 3 breast cancer trial and raises $250M
Collaboration with Novartis provides ribociclib supply for planned Phase 3 OPERA-02 trial of palazestrant in ER+/HER2- frontline advanced/metastatic breast cancer, initiation expected mid-2025.
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Olema Pharma Q3 net loss $34.6M; cash $214.8M; OP-3136 IND on track
Q3 2024 net loss $34.6M vs $21.5M in Q3 2023; GAAP R&D $33.2M (up from $19.5M).
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Olema targets IND for KAT6 drug OP-3136 in Q4 2024; Phase 1/2 starts 2025
Non-clinical data for OP-3136 (KAT6 inhibitor) to be presented at ENA symposium Oct 23-25, 2024.
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Olema Q2 net loss $30.4M; cash $239.1M; palazestrant combo shows 85% CBR
Net loss for Q2 2024 was $30.4M vs $20.1M in Q2 2023, driven by increased R&D spending on late-stage trials.
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Olema Pharmaceuticals amends loan facility, ups potential borrowing to $100M, extends maturity to 2028
Borrowing capacity increased from $50M to up to $100M with $25M immediately available.
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Olema reports interim Phase 1b/2 data: palazestrant + ribociclib shows 85% CBR in ER+/HER2- mBC
Combination well tolerated in 50 patients; no new safety signals and no clinically meaningful drug-drug interaction.
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Olema reports Q1 net loss of $31.0M; cash $249M; enrollment complete in two palazestrant combo studies
Net loss of $31.0M for Q1 2024 vs $28.3M a year ago; cash & equivalents $249.0M.
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Olema reports FY2023 net loss $96.7M, cash $261.8M; palazestrant Phase 3 underway
Cash, equivalents and marketable securities $261.8M as of Dec 31, 2023; net loss $96.7M for FY2023 vs $104.8M in FY2022.
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Olema Pharmaceuticals enters $150M ATM equity offering with TD Cowen, terminates prior Oppenheimer ATM
Enters ATM agreement with Cowen and Company (TD Cowen) to sell up to $150M of common stock at market prices.
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Olema reports positive Phase 1b/2 combo data for palazestrant; Phase 3 OPERA-01 enrolling
Palazestrant + ribociclib (19 patients) well-tolerated; no dose-limiting toxicities, no drug-drug interaction.
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Olema reports Q3 net loss $21.5M, cash $276.9M; OPERA-01 Phase 3 on track
Net loss $21.5M vs $22.7M YoY; cash, equivalents and marketable securities $276.9M.
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Olema reports Phase 2 palazestrant results: median PFS 4.6 mo in all patients; 7.2 mo in 2nd/3rd-line subset
Palazestrant (OP-1250) median PFS of 4.6 months (CBR 40%) in 86 heavily pretreated metastatic ER+/HER2- breast cancer patients.
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Olema appoints Scott Garland to Board; brings commercial expertise for late-stage palazestrant development
Scott Garland appointed to Board as Class III director effective Oct 16, 2023; term through 2026 annual meeting.
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Olema and Novartis expand Phase 1/2 combo study of palazestrant + ribociclib to ~60 patients
Amendment adds ~30 patients to dose expansion, increasing study size to about 60 total.
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Olema raises $130M equity, secures $50M credit facility from SVB
Private placement of 13,211,382 shares at $9.84/share raises ~$130M gross.
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Olema reports Q2 net loss $20.1M; cash $167.4M; Phase 3 trial on track Q4 2023
Net loss $20.1M for Q2 2023, down from $32.9M in Q2 2022; R&D expenses $18.0M.
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Olema reports Phase 1b/2 data for OP-1250 + palbociclib in ER+/HER2- mBC
Combination of OP-1250 (up to 120 mg) with palbociclib 125 mg was safe and well-tolerated in 29 patients, with no DDI.
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Olema Pharma Q1 net loss $28.3M, cash $186M; Phase 3 trial of OP-1250 planned H2 2023
Cash, cash equivalents and marketable securities of $186.0M as of March 31, 2023, expected to fund operations into 2025.
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Olema confirms no cash deposits or securities at Silicon Valley Bank
Company holds zero cash or securities at Silicon Valley Bank.