Why Is Cancers/Metabolic Diseases-Focused Biomea Fusion Stock Trading Lower Today?

Zinger Key Points
  • BMF-219 is an investigational novel covalent menin inhibitor developed to regenerate insulin-producing beta cells to cure diabetes.
  • The company says early clinical results of improved glycemic control while patients are off treatment have been very impressive.

Biomea Fusion Inc BMEA announced the poster presentation of long-term 26 weeks follow-up data from the first two cohorts of adults with type 2 diabetes (T2D) enrolled in the ongoing Phase 2 study (COVALENT-111) and data from preclinical ex-vivo human islet experiments of BMF-219.

At Week 26, 22 weeks after the last dose of BMF-219, participants in the 100 mg BMF-219 QD (without food) cohort saw an improved placebo-adjusted mean reduction in HbA1c of 0.8%.

Participants in the 100 mg BMF-219 QD (with food) cohort saw an improved placebo-adjusted mean reduction in HbA1c of 0.2% at Week 26

20% of patients from the 100mg dose cohorts displayed a reduction in HbA1c of 1% or more, compared to 0% of patients for placebo at Week 26

After only four weeks of dosing and 22 weeks off treatment, participants in BMF-219 100 mg QD without food cohort demonstrated an 80% response rate – with any reduction in HbA1c (40% response rate in 100 mg QD with food cohort).

The company also shared preclinical ex-vivo human islet data for BMF-219.

Dependent on dose concentration and dose duration, BMF-219 was observed to increase beta cell mass and function, promote controlled proliferation, and enhance insulin content in beta cells.

Price Action: BMEA shares are down 17.90% at $12.35 on the last check Friday.

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