OLMANasdaqPharmaceutical PreparationsUS GAAP · USD

Olema Pharmaceuticals, Inc.

Olema Pharmaceuticals is a U.S.-based clinical-stage biopharmaceutical company focused on discovering, developing, and commercializing targeted therapies for breast cancer and related endocrine-driven cancers. Its pipeline centers on palazestrant and OP-3136, with development and future commercialization intended in the United States and other key markets, either independently or with partners.

Liikevoitto (EBIT)−179milj. USD
−25,6 %v/v
Nettotulos−162milj. USD
−25,5 %v/v
Vapaa kassavirta−147milj. USD
−40,5 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−200−150−100−500milj. USD2020: EBIT −22 milj. USD20202021: EBIT −71 milj. USD20212022: EBIT −107 milj. USD20222023: EBIT −105 milj. USD20232024: EBIT −142 milj. USD20242025: EBIT −179 milj. USD2025−179
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Palazestrant55 %

Lead endocrine therapy candidate being developed for ER+ breast cancer in multiple settings.

OP-313625 %

KAT6 inhibitor program being evaluated for combination use in breast cancer.

Clinical development services15 %

Preclinical and clinical development activities supporting the pipeline.

Collaboration and partnering5 %

Research and development collaborations intended to expand development and commercialization reach.

Asiakkaat

Olema does not sell commercial products today; its near-term counterparties are clinical investigators, trial sites, contract manufacturers, licensors, and collaboration partners. If approved, its end customers would be oncologists, hospitals, and cancer treatment centers prescribing therapies for patients with ER+ breast cancer and other endocrine-driven cancers.

Clinical trial sites and investigators

They run studies of palazestrant and OP-3136 and enable patient enrollment and data generation.

Pharmaceutical collaboration partners

Partners such as Novartis and Pfizer collaborate on development and may support future commercialization.

Contract manufacturers and service providers

CMOs provide drug substance, drug product, labeling, and distribution for clinical supply.

Future oncology prescribers and treatment centers

If approved, oncologists and cancer centers would prescribe the therapies to patients with ER+ breast cancer.

Strategia

Olema’s strategy is to advance palazestrant in multiple ER+ breast cancer indications and to develop OP-3136 as a complementary oncology program. The company also seeks collaborations that can accelerate development timelines, broaden capabilities, and improve eventual commercialization reach.

Advance palazestrant across ER+ breast cancer settingsLyhyt aikaväli

The lead asset is the main value driver and the foundation of the pipeline.

Develop OP-3136 in combination regimensKeskipitkä aikaväli

A second clinical program can broaden the pipeline and create combination opportunities.

Build partnering and commercialization optionalityKeskipitkä aikaväli

External partners can add development speed, market access, and commercial infrastructure.

Secure scalable manufacturing readinessKeskipitkä aikaväli

Commercial approval would require reliable API, fill-finish, and packaging capacity.

Maantiede

Olema is headquartered in the United States and conducts its development activities through a global clinical and manufacturing network. The company expects to commercialize in key markets either alone or with partners, and its risk profile is shaped by international regulatory, supply-chain, and intellectual-property exposure.

Riskit

Olema faces the core risks of a clinical-stage biotech: no approved products, dependence on successful trials and regulatory outcomes, and ongoing need for external capital. Its pipeline also depends on third-party manufacturers, intellectual-property protection, and the ability to compete against much larger oncology companies with established development and commercial capabilities.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →No products approved for commercial sale1Need for additional capital2Clinical development and regulatory risk3Competitive intensity in oncology4Intellectual property protection5Third-party manufacturing dependence6
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. No products approved for commercial saleVaikutus: KriittinenTodennäköisyys: Korkea

    The company has no product revenue and must prove clinical and regulatory success before commercialization.

    Kohdistuu: Entire business model

  2. Need for additional capitalVaikutus: KorkeaTodennäköisyys: Korkea

    Development-stage operations require ongoing funding for trials, manufacturing, and public-company costs.

    Kohdistuu: Pipeline development and commercialization

  3. Clinical development and regulatory riskVaikutus: KorkeaTodennäköisyys: Korkea

    Trial design, efficacy, safety, and approval decisions determine whether assets can advance.

    Kohdistuu: Palazestrant and OP-3136

  4. Competitive intensity in oncologyVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Large pharma and biotech peers may develop similar or superior therapies faster.

    Kohdistuu: ER+ breast cancer and endocrine-driven cancers

  5. Intellectual property protectionVaikutus: KorkeaTodennäköisyys: Matala

    Value depends on protecting proprietary compounds and related uses across jurisdictions.

    KohdistuuPalazestrantOP-3136Future candidates
  6. Third-party manufacturing dependenceVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    The company relies on CMOs for clinical and future commercial supply, creating execution and quality risk.

    KohdistuuAPIDrug productLabelingDistribution

Kirjanpito

Harkinnanvaraiset erät
Accrued research and development expenses

Clinical trial and manufacturing costs are often recognized before invoices are received, requiring estimates.

Vaikutus: Can shift operating expenses between quarters

Stock-based compensation

Employee and director equity awards are a meaningful non-cash expense for a public biotech.

Vaikutus: Affects reported losses and diluted share count

Collaboration and milestone accounting

Partner arrangements may require judgment on timing and classification of consideration.

Vaikutus: Can create volatility in reported revenue or other income if applicable

Clinical and manufacturing commitments

Third-party supply agreements and trial obligations can create accruals and contingent liabilities.

Vaikutus: Affects liabilities and cash requirement disclosures

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 24.9.2026

Olema Pharmaceuticals, Inc. (Nasdaq) – Pharmaceutical Preparations | Analyysi – Clarifo