SpringWorks Therapeutics expects the EMA to rule on nirogacestat's marketing authorization for desmoid tumors in Q2 2025.
Quiver AI Summary
SpringWorks Therapeutics, Inc. announced that it expects the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA) to issue an opinion on its marketing authorization application for nirogacestat, an oral gamma secretase inhibitor aimed at treating adults with desmoid tumors, in the second quarter of 2025. The company, which is focused on severe rare diseases and cancer, has already developed and commercialized the FDA-approved medicine OGSIVEO® for desmoid tumors and GOMEKLI™ for neurofibromatosis type 1. In addition to these products, SpringWorks is advancing a portfolio of other targeted therapies for various cancers. The press release includes forward-looking statements regarding the company’s business and regulatory plans, emphasizing the inherent risks and uncertainties involved in drug approval processes.
Potential Positives
- SpringWorks Therapeutics anticipates a pivotal opinion from the CHMP regarding the marketing authorization application for nirogacestat, which could significantly enhance its market presence in Europe.
- The company has already secured FDA approval for nirogacestat as the first and only treatment for adults with desmoid tumors, signaling its commitment to delivering unique therapies for severe rare diseases.
- SpringWorks continues to expand its portfolio of novel targeted therapies, indicating a robust pipeline that may lead to further growth and innovation in the biopharmaceutical space.
Potential Negatives
- The press release highlights potential regulatory risks, indicating that the EMA may require additional information or further studies before approving nirogacestat, which could lead to delays.
- Forward-looking statements included in the release emphasize uncertainty about the timing and outcome of regulatory approvals, suggesting that actual results may differ materially from expectations.
- The caution against placing undue reliance on forward-looking statements indicates a lack of certainty in the company's projected plans and future outcomes, which could affect investor confidence.
FAQ
What is the latest news about SpringWorks Therapeutics?
SpringWorks anticipates a CHMP opinion on nirogacestat's marketing authorization application in Q2 2025.
What conditions does nirogacestat aim to treat?
Nirogacestat is intended for adults with desmoid tumors.
What other products does SpringWorks offer?
SpringWorks offers OGSIVEO® for desmoid tumors and GOMEKLI™ for neurofibromatosis type 1.
What is the role of the European Medicines Agency (EMA) in this announcement?
The EMA's CHMP will provide an opinion on the marketing authorization application for nirogacestat.
How can I get more information about SpringWorks Therapeutics?
Visit www.springworkstx.com or follow @SpringWorksTx on social media for updates.
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.
$SWTX Congressional Stock Trading
Members of Congress have traded $SWTX stock 1 times in the past 6 months. Of those trades, 1 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $SWTX stock by members of Congress over the last 6 months:
- REPRESENTATIVE GILBERT RAY CISNEROS, JR. purchased up to $15,000 on 01/29.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
$SWTX Insider Trading Activity
$SWTX insiders have traded $SWTX stock on the open market 29 times in the past 6 months. Of those trades, 0 have been purchases and 29 have been sales.
Here’s a breakdown of recent trading of $SWTX stock by insiders over the last 6 months:
- DANIEL LYNCH has made 0 purchases and 6 sales selling 223,000 shares for an estimated $12,420,885.
- SAQIB ISLAM (Chief Executive Officer) has made 0 purchases and 11 sales selling 186,000 shares for an estimated $9,651,140.
- BADREDDIN EDRIS (Chief Operating Officer) has made 0 purchases and 7 sales selling 70,000 shares for an estimated $3,517,723.
- DANIEL PICHL (Chief People Officer) has made 0 purchases and 3 sales selling 29,750 shares for an estimated $1,617,329.
- JULIE HAMBLETON sold 13,774 shares for an estimated $730,206
- BHAVESH ASHAR (Chief Commercial Officer) sold 1,016 shares for an estimated $62,168
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$SWTX Hedge Fund Activity
We have seen 125 institutional investors add shares of $SWTX stock to their portfolio, and 99 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- MARSHALL WACE, LLP removed 1,961,830 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $70,880,917
- ECOR1 CAPITAL, LLC added 1,560,000 shares (+inf%) to their portfolio in Q4 2024, for an estimated $56,362,800
- CAPITAL INTERNATIONAL INVESTORS added 1,136,079 shares (+92.7%) to their portfolio in Q4 2024, for an estimated $41,046,534
- PERCEPTIVE ADVISORS LLC removed 692,263 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $25,011,462
- CANDRIAM S.C.A. removed 681,155 shares (-80.6%) from their portfolio in Q4 2024, for an estimated $24,610,130
- MORGAN STANLEY added 558,641 shares (+38.8%) to their portfolio in Q4 2024, for an estimated $20,183,699
- PICTET ASSET MANAGEMENT HOLDING SA added 465,494 shares (+24.2%) to their portfolio in Q4 2024, for an estimated $16,818,298
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$SWTX Analyst Ratings
Wall Street analysts have issued reports on $SWTX in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Guggenheim issued a "Buy" rating on 01/08/2025
To track analyst ratings and price targets for $SWTX, check out Quiver Quantitative's $SWTX forecast page.
Full Release
STAMFORD, Conn., April 27, 2025 (GLOBE NEWSWIRE) -- SpringWorks Therapeutics, Inc. (Nasdaq: SWTX), a commercial-stage biopharmaceutical company focused on severe rare diseases and cancer, announced today that the Company anticipates the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA) will adopt an opinion on the marketing authorization application (MAA) for nirogacestat, an oral gamma secretase inhibitor, for the treatment of adults with desmoid tumors in the second quarter of 2025.
About SpringWorks Therapeutics
SpringWorks is a commercial-stage biopharmaceutical company dedicated to improving the lives of patients with severe rare diseases and cancer. We developed and are commercializing OGSIVEO ® (nirogacestat) as the first and only FDA-approved medicine for adults with desmoid tumors and GOMEKLI™ (mirdametinib) as the first and only FDA-approved medicine for both adults and children with neurofibromatosis type 1 associated plexiform neurofibromas (NF1-PN). We are also advancing a diverse portfolio of novel targeted therapy product candidates for patients with both solid tumors and hematological cancers.
For more information, visit www.springworkstx.com and follow @SpringWorksTx on X, LinkedIn , Facebook , Instagram and YouTube .
SpringWorks Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, relating to our business, operations, and financial conditions, including but not limited to current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, our development and commercialization plans, expectations regarding the timing and outcome of a decision from the CHMP on the marketing authorization application for nirogacestat, as well as relating to other future conditions. Words such as, but not limited to, “look forward to,” “believe,” “expect,” “anticipate,” “estimate,” “intend,” “plan,” “would,” “should” and “could,” and similar expressions or words, identify forward-looking statements. New risks and uncertainties may emerge from time to time, and it is not possible to predict all risks and uncertainties. Any forward-looking statements in this presentation are based on management’s current expectations and beliefs and are subject to a number of risks, uncertainties and important factors that may cause actual events or results to differ materially from those expressed or implied by any forward-looking statements contained in this presentation, including, without limitation, risks relating to: (i) the timing of our planned regulatory submissions and interactions, including the timing and outcome of decisions made by the EMA and other regulatory authorities, (ii) whether EMA or other regulatory authorities will require additional information or further studies, or may fail or refuse to approve or may delay approval of our product candidates, including nirogacestat, (iii) our ability to obtain regulatory approval of any of our product candidates or maintain regulatory approvals granted for our products, and (iv) our ability to meet any specific milestones set forth herein.
Except as required by applicable law, we do not plan to publicly update or revise any forward-looking statements contained herein, whether as a result of any new information, future events, changed circumstances or otherwise. Although we believe the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements.
For further information regarding the risks, uncertainties and other factors that may cause differences between SpringWorks’ expectations and actual results, you should review the “Risk Factors” in Item 1A of Part I of SpringWorks’ Annual Report on Form 10-K for the year ended December 31, 2024, as well as discussions of potential risks, uncertainties and other important factors in SpringWorks’ subsequent filings.
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