Biomea FusionBMEA Market cap $379M
About: Biomea Fusion Inc is a preclinical-stage biopharmaceutical company. It is focused on the discovery, development and commercialization of irreversible small molecule drugs to treat patients with genetically defined cancers. The company's product candidate, BMF-219, is designed to be an orally bioavailable, potent and selective irreversible inhibitor of menin, an important transcriptional regulator known to play a direct role in oncogenic signaling in multiple cancers.
Employees: 112
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
507% more call options, than puts
Call options by funds: $9.21M | Put options by funds: $1.52M
18% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 28
2% more funds holding
Funds holding: 103 [Q1] → 105 (+2) [Q2]
8% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 26
0% more funds holding in top 10
Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]
23.41% less ownership
Funds ownership: 88.56% [Q1] → 65.15% (-23.41%) [Q2]
78% less capital invested
Capital invested by funds: $473M [Q1] → $105M (-$367M) [Q2]
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
8 analyst ratings
Scotiabank George Farmer 12% 1-year accuracy 2 / 17 met price target | 291%upside $41 | Sector Outperform Maintained | 27 Sept 2024 |
HC Wainwright & Co. Joseph Pantginis 31% 1-year accuracy 87 / 281 met price target | 282%upside $40 | Buy Maintained | 27 Sept 2024 |
Barclays Peter Lawson 28% 1-year accuracy 8 / 29 met price target | 14%downside $9 | Equal-Weight Maintained | 27 Sept 2024 |
Truist Securities Srikripa Devarakonda 50% 1-year accuracy 12 / 24 met price target | 415%upside $54 | Buy Upgraded | 27 Sept 2024 |
Rodman & Renshaw Tony Butler 67% 1-year accuracy 2 / 3 met price target | 72%upside $18 | Buy Upgraded | 26 Sept 2024 |
Financial journalist opinion
Based on 51 articles about BMEA published over the past 30 days