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Foghorn Therapeutics Q1 2023 Earnings Report

Foghorn Therapeutics logo
$5.14 +0.16 (+3.21%)
(As of 12/20/2024 05:16 PM ET)

Foghorn Therapeutics EPS Results

Actual EPS
-$0.73
Consensus EPS
-$0.71
Beat/Miss
Missed by -$0.02
One Year Ago EPS
N/A

Foghorn Therapeutics Revenue Results

Actual Revenue
$5.31 million
Expected Revenue
$6.09 million
Beat/Miss
Missed by -$780.00 thousand
YoY Revenue Growth
N/A

Foghorn Therapeutics Announcement Details

Quarter
Q1 2023
Time
Before Market Opens
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Foghorn Therapeutics Earnings Headlines

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About Foghorn Therapeutics

Foghorn Therapeutics (NASDAQ:FHTX), a clinical-stage biopharmaceutical company, engages in the discovery and development of medicines targeting genetically determined dependencies within the chromatin regulatory system in the United States. The company uses its proprietary Gene Traffic Control platform to identify, validate, and potentially drug targets within the system. It develops FHD-286, a small molecule inhibitor of the enzymatic activity of BRG1 and BRM that is in phase I for the treatment of relapsed and/or refractory acute myeloid leukemia/myelodysplastic syndrome. The company is also developing therapies for mutant cancers, such as Non-Small Cell Lung, bladder, endometrial, colorectal, and melanoma cancers; and dependent cancers, including prostate cancer and diffuse large b-cell lymphoma. It has a research collaboration and license agreement with Merck Sharp & Dohme Corp. to discover and develop novel oncology therapeutics against a transcription factor target; and Eli Lilly and Company for developing FHD-909, a selective ATPase inhibitor of BRM. Foghorn Therapeutics Inc. was incorporated in 2015 and is headquartered in Cambridge, Massachusetts.

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