Foghorn Therapeutics announces updates on Selective ARID1B degrader program, presenting at a Boston summit and hosting a virtual investor event.
Quiver AI Summary
Foghorn Therapeutics Inc., a clinical-stage biotechnology company, announced important updates regarding its Selective ARID1B degrader program, which will be featured in a Keynote Plenary session at the upcoming TPD and Induced Proximity Summit in Boston. Following this presentation, the company will hold a virtual investor event to discuss advancements in its Selective ARID1B, Selective CBP, and Selective EP300 degrader programs, emphasizing their potential to address significant unmet needs in cancers such as endometrial, gastric, and bladder. The updates reflect Foghorn's commitment to exploring innovative treatment options in oncology through its proprietary Gene Traffic Control platform. The presentation by Chief Scientific Officer Steven Bellon and the investor event details are provided, along with a note about the availability of a replay on their website.
Potential Positives
- Foghorn Therapeutics is presenting significant progress in its Selective ARID1B degrader program at a prominent summit, emphasizing its potential to address high unmet needs in treating endometrial, gastric, and bladder cancers.
- The company is hosting a virtual investor event to provide updates on its Selective ARID1B, Selective CBP, and Selective EP300 degrader programs, which highlights transparency and engagement with investors.
- The use of the proprietary Gene Traffic Control® platform positions Foghorn at the forefront of developing innovative therapies targeting genetically determined dependencies, suggesting strong potential for future growth.
Potential Negatives
- Forward-looking statements in the release indicate inherent uncertainties and risks, which may negatively impact investor confidence and perceptions of the company's stability and reliability.
- The mention of "high unmet needs" for the Selective ARID1B degrader program may highlight existing challenges and limitations in current treatment options, suggesting pressure on the company to deliver effective results.
FAQ
What is the significance of the Selective ARID1B degrader program?
The Selective ARID1B degrader program aims to develop new drugs for cancers with high unmet needs, such as endometrial, gastric, and bladder cancers.
When is Foghorn's presentation at the TPD Summit?
Foghorn Therapeutics will present during the Closing Keynote Plenary Session on October 29, 2025, at 3:45 p.m. EDT.
How can investors access the virtual event details?
Investors can register for the virtual event on October 30, 2025, at 12 p.m. EDT through the provided registration link in the press release.
Where can I find the presentation after the event?
The presentation will be available under the Science section of Foghorn's website after the conference concludes.
What platform is Foghorn Therapeutics using for drug development?
Foghorn Therapeutics employs its proprietary Gene Traffic Control® platform to study and validate drug targets within the chromatin regulatory system.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$FHTX Hedge Fund Activity
We have seen 45 institutional investors add shares of $FHTX stock to their portfolio, and 33 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- DEERFIELD MANAGEMENT COMPANY, L.P. added 2,477,989 shares (+318.7%) to their portfolio in Q2 2025, for an estimated $11,646,548
- BLACKROCK, INC. added 233,232 shares (+11.7%) to their portfolio in Q2 2025, for an estimated $1,096,190
- CANTOR FITZGERALD, L. P. added 150,000 shares (+inf%) to their portfolio in Q2 2025, for an estimated $705,000
- RAYMOND JAMES FINANCIAL INC added 148,940 shares (+6.7%) to their portfolio in Q2 2025, for an estimated $700,018
- GEODE CAPITAL MANAGEMENT, LLC added 116,979 shares (+16.9%) to their portfolio in Q2 2025, for an estimated $549,801
- AMERIPRISE FINANCIAL INC added 112,237 shares (+inf%) to their portfolio in Q2 2025, for an estimated $527,513
- ROCKWOOD WEALTH MANAGEMENT, LLC removed 107,329 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $504,446
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$FHTX Analyst Ratings
Wall Street analysts have issued reports on $FHTX in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- JMP Securities issued a "Market Outperform" rating on 05/15/2025
- HC Wainwright & Co. issued a "Buy" rating on 04/30/2025
To track analyst ratings and price targets for $FHTX, check out Quiver Quantitative's $FHTX forecast page.
$FHTX Price Targets
Multiple analysts have issued price targets for $FHTX recently. We have seen 2 analysts offer price targets for $FHTX in the last 6 months, with a median target of $11.0.
Here are some recent targets:
- Silvan Tuerkcan from JMP Securities set a target price of $9.0 on 05/15/2025
- Andres Maldonado from HC Wainwright & Co. set a target price of $13.0 on 04/30/2025
Full Release
CAMBRIDGE, Mass., Oct. 16, 2025 (GLOBE NEWSWIRE) -- Foghorn ® Therapeutics Inc. (Nasdaq: FHTX), a clinical-stage biotechnology company pioneering a new class of medicines that treat serious diseases by correcting abnormal gene expression, today announced key development updates for its Selective ARID1B degrader program which will be presented as part of a Keynote Plenary session at the 8 th Annual TPD and Induced Proximity Summit being held October 27-30, 2025, in Boston, MA. The day after the presentation, Foghorn will host a virtual investor event to review pipeline updates for its Selective ARID1B, Selective CBP and Selective EP300 degrader programs.
“We are excited to present significant progress for our Selective ARID1B degrader at this year’s TPD and Induced Proximity Summit. These findings highlight the potential of our Selective ARID1B degrader program to become a new class of drugs for patients with endometrial, gastric, and bladder cancers with high unmet needs,” said Adrian Gottschalk, President, and Chief Executive Officer of Foghorn. “Additionally, at our virtual investor event, we will share the continued momentum for our Selective CBP and Selective EP300 degrader programs, which are steadily progressing toward Investigational New Drug (IND) enabling studies. These collective developments reflect the potential of our protein degrader capabilities to expand therapeutic possibilities in areas with limited treatment innovation.”
Presentation Details
Title: Harnessing Degradation to Achieve Selectivity & First-in-Class Targeting of Challenging Chromatin Regulatory Proteins
Session: Closing Keynote Plenary Session
Date/Time: Wednesday, October 29, 3:45 p.m. EDT
Presenter: Steven Bellon, Chief Scientific Officer of Foghorn Therapeutics
Foghorn Hosted Virtual Investor Event Information
Title: Pipeline Updates for Selective ARID1B, Selective CBP and Selective EP300 Degrader Programs
Date/Time: Thursday, October 30, 2025 at 12 p.m. EDT
Registration Link:
Register here
The presentation will be accessible under the Science section of the Company’s website after the conference. The live webcast will also be available under the Events & Presentations section of Foghorn’s website. A replay of the event and presentation will be available immediately following the event.
About Foghorn Therapeutics
Foghorn ® Therapeutics is discovering and developing a novel class of medicines targeting genetically determined dependencies within the chromatin regulatory system. Through its proprietary scalable Gene Traffic Control ® platform, Foghorn is systematically studying, identifying and validating potential drug targets within the chromatin regulatory system. The Company is developing multiple product candidates in oncology. Visit our website at www.foghorntx.com for more information on the Company, and follow us on X and LinkedIn .
Forward-Looking Statements
This press release contains “forward-looking statements.” Forward-looking statements include statements regarding the Company’s clinical trials, pre-clinical programs, including its Selective ARID1B degrader program and Selective CBP and Selective EP300 degrader programs, the Company’s other product candidates and research efforts and other statements identified by words such as “could,” “may,” “might,” “will,” “likely,” “anticipates,” “intends,” “plans,” “seeks,” “believes,” “estimates,” “expects,” “continues,” “projects” and similar references to future periods. Forward-looking statements are based on our current expectations and assumptions regarding capital market conditions, our business, the economy and other future conditions. Because forward-looking statements relate to the future, by their nature, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. As a result, actual results may differ materially from those contemplated by the forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include regional, national or global political, economic, business, competitive, market and regulatory conditions, including risks relating to our clinical trials and other factors set forth under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, as filed with the Securities and Exchange Commission. Any forward-looking statement made in this press release speaks only as of the date on which it is made.
Contact:
Karin Hellsvik, Foghorn Therapeutics Inc. (Investors & Media)
[email protected]