SpringWorks Therapeutics

SpringWorks Therapeutics logo
🇺🇸United States
Ownership
Public
Established
2017-01-01
Employees
305
Market Cap
$3B
Website
http://www.springworkstx.com
Introduction

Springworks Therapeutics, Inc. is a clinical-stage biopharmaceutical company, which engages in the application of a medicine approach to acquiring, developing, and commercializing medicines. Its pipeline includes Nirogacestat, Mirdametinib, Brimarafenib, SW-682, and EGFR Inhibitor. The company was founded in August 2017 and is headquartered in Stamford, CT.

stocktitan.net
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Mirdametinib Shows Breakthrough 52% Response Rate in NF1-PN Trial

SpringWorks Therapeutics published Phase 2b ReNeu trial results for mirdametinib in the Journal of Clinical Oncology, showing significant confirmed objective response rates of 41% in adults and 52% in children with NF1-PN, deep and durable tumor volume reductions, and manageable safety profile. FDA PDUFA action date is February 28, 2025.
pharmabiz.com
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SpringWorks to present long-term efficacy and safety data from phase 3 DeFi trial of Ogsiveo

SpringWorks Therapeutics to present long-term efficacy and safety data of nirogacestat in desmoid tumours at CTOS 2024, showing sustained tumor size reductions, increased response rates, and consistent safety profile.
biospace.com
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SpringWorks Therapeutics Announces Long-Term Efficacy and Safety Data from Phase 3

Long-term nirogacestat treatment in desmoid tumors shows sustained tumor size reductions, increased ORR with new PRs and CRs, improved symptoms, and consistent safety profile over 3 years.
biospace.com
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SpringWorks Therapeutics to Report Third Quarter 2024 Financial Results on Tuesday

SpringWorks Therapeutics to host Q3 financial results and business updates conference call on Nov 12, 2024, at 8:30 a.m. ET. Webcast and phone participation details available. Replay on the company’s website.
aacrjournals.org
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CSF1R Inhibition in Patients with Advanced Solid Tumors or Tenosynovial Giant Cell Tumor

Various researchers report financial relationships with pharmaceutical companies, including Deciphera, during and outside the conduct of the study.
empr.com
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August 2024 Recap: Drug Pipeline Updates

Various drugs and their statuses are listed, including IN-001 for anaphylaxis (Fast Track), Finereonone for heart failure (Phase 3), Tirzepatide for heart failure and obesity (Phase 3), TMB-001 for congenital ichthyosis (Phase 3), Bentracimab for ticagrelor reversal (Priority Review), Fabhalta for immunoglobulin A nephropathy (accelerated approval), RLS-0071 for acute graft-vs-host disease (Fast Track and Orphan Drug), CHIKV VLP for chikungunya (Priority Review), Diazoxide choline for Prader-Willi syndrome (Priority Review), Mirdametinib for neurofibromatosis type 1 (Priority Review), Setmelanotide for genetic obesity (Priority Review), AR882 for gout (Fast Track), SPN-830 for Parkinson disease (NDA review), BGB-16673 for chronic lymphocytic leukemia (Fast Track), Cabozantinib for neuroendocrine tumors (NDA review), Linvoseltamab for multiple myeloma (Complete Response Letter), Nivolumab plus ipilimumab for hepatocellular carcinoma (BLA review), Midomafetamine for PTSD (Complete Response Letter), and Tezepelumab-ekko for COPD (Breakthrough Therapy).
neurologylive.com
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FDA Action Update, August 2024: Approvals, Designations, and Clearances

In August 2024, the FDA made several decisions on new therapeutic agents, including approving Indapta Therapeutics’ g-NK cell therapy IDP-023 for progressive multiple sclerosis, Amneal Pharmaceuticals’ carbidopa/levodopa ER capsules IPX203 for Parkinson disease, and Medtronic’s deep brain stimulation technology for use during general anesthesia. The agency also granted fast track designation to Abata Therapeutics’ Treg therapy ABA-101 for progressive MS and [18F]PI-2620 tau-PET diagnostic for neurodegenerative diseases. Additionally, the FDA cleared Clearmind Biomedical’s Neuroblade System for minimally invasive neurosurgery and granted priority review to SpringWorks Therapeutics’ mirdametinib for neurofibromatosis type 1-associated plexiform neurofibromas.

Risk Adjusted Net Present Value: What is the current valuation of SpringWorks

Mirdametinib, under development by SpringWorks Therapeutics, targets various cancers and tumors, with expected US revenue of $450 mn by 2034. The risk-adjusted NPV (rNPV) model, accounting for R&D risks, is used for valuation. SpringWorks reported FY2023 revenues of $5.5 mn and a net loss of $325.1 mn.
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