• SpringWorks Therapeutics emerges as a Pfizer spin-off with $103 million in funding from multiple investors, including Pfizer, LifeArc, and Bain Capital, to develop four promising rare disease drug candidates.
• The company's pipeline includes nirogacestat for desmoid tumors and a MEK 1/2 inhibitor for neurofibromatosis, both advancing to phase 3 trials, along with treatments for hereditary xerocytosis and PTSD.
• Led by former Pfizer executive Lara Sullivan, SpringWorks represents a novel model for accelerating drug development by revitalizing lower-priority assets through focused development and strategic partnerships.