Plutux
$1.73
+2.98%
2026-08-28 16:00:00 EDT+$0.05
Healthcare
Biotechnology
NASDAQ
Active Trading

Biomea Fusion, Inc., a clinical-stage diabetes and obesity medicines company, focuses on the discovery and development of oral drugs to treat patients ...

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$1.73
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Biomea Fusion, Inc. is a clinical-stage biopharmaceutical company headquartered in San Carlos, California, founded in 2017 by Thomas Butler and Ramses Erdtmann. The company specializes in discovering and developing innovative covalent small molecule therapies designed for patients with genetically defined cancers and metabolic ailments. Their lead drug candidate, icovamenib (formerly ...Biomea Fusion, Inc. is a clinical-stage biopharmaceutical company headquartered in San Carlos, California, founded in 2017 by Thomas Butler and Ramses Erdtmann. The company specializes in discovering and developing innovative covalent small molecule therapies designed for patients with genetically defined cancers and metabolic ailments. Their lead drug candidate, icovamenib (formerly BMF-219), is a potent and selective covalent inhibitor of menin, a transcriptional regulator involved in abnormal signaling pathways across various cancer types. Additionally, the company is developing BMF-650 for diabetes and obesity. As of the latest data, Biomea Fusion has 41 full-time employees and trades on NASDAQ under the symbol BMEA, with a market cap around $93 million. The company is led by CEO Michael J. Hitchcock, who assumed the role after Thomas Butler. Biomedia Fusion aims to address high unmet medical needs with oral small molecules that are patient-friendly, leveraging covalent binding to achieve sustained target engagement. Financially, the company has no revenue, reflecting its clinical-stage status, and spends heavily on R&D, leading to negative profitability and cash flow metrics. However, it maintains a strong cash position relative to its burn rate, with a current ratio of 3.475. The company's intellectual property portfolio and clinical pipeline are key assets, with multiple trials underway. Biomedia Fusion's long-term vision involves expanding its covalent platform across multiple therapeutic areas, potentially including oncology and metabolic diseases, and partnering with larger pharmaceutical companies to accelerate development and commercialization.
Founded
2017
Employees
37
CEO
Michael J. Hitchcock
Full Name
Biomea Fusion, Inc.
Sector
Healthcare
Industry
Biotechnology
ROE
-171.19%
Market Cap
$0.13B
Current Ratio
3.47
WACC
5.45%
ROIC
-133.62%

Contact Information

650 980 9099
1599 Industrial Road, San Carlos, CA 94070

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