Black Diamond Therapeutics

Black Diamond Therapeutics

BDTX
Is this your company? Claim your profile to update info and connect with investors.
Claim profile

BDTX · Stock Price

USD 2.72+1.08 (+65.85%)
Market Cap: $159.6M

Historical price data

Market Cap: $159.6MFounded: 2017HQ: Cambridge, United States

Overview

Black Diamond Therapeutics is a clinical-stage biotech founded in 2017 with a mission to move beyond the 'one drug, one mutation' model in oncology. Its proprietary MasterKey discovery platform identifies and targets families of mutations that share a common structural conformation, aiming to treat broader patient populations and overcome resistance. The company's strategy is focused on advancing its pipeline in areas of high unmet need, specifically NSCLC and GBM, while navigating the significant clinical and financial risks inherent in its early-stage, platform-driven approach.

OncologyNon-Small Cell Lung CancerGlioblastoma

Technology Platform

The MasterKey platform is a structure-based drug discovery engine that designs small molecule therapies to target shared conformational states of mutant kinases, enabling one drug to address a broad family of oncogenic mutations.

Funding History

3
Total raised:$306.6M
IPO$201.6M
Series A$85M
Seed$20M

Opportunities

If clinically validated, the MasterKey platform could unlock multi-billion dollar opportunities in broad, genetically-defined NSCLC and GBM populations, and potentially in pan-KRAS cancers.
Successful proof-of-concept with BDTX-1535 would de-risk the platform and create significant partnership or acquisition appeal.

Risk Factors

The company faces high clinical risk with its lead asset in Phase 1, platform validation risk, and significant financial risk as a pre-revenue entity with a low market cap in a challenging funding environment.
The ambitious pan-KRAS program carries exceptional technical risk.

Competitive Landscape

Black Diamond competes with large pharma in EGFR (AstraZeneca, J&J) and a crowded field in KRAS (Amgen, Mirati/BMS, Revolution Medicines). Its differentiation hinges on the breadth of mutation coverage and CNS penetrance of its MasterKey inhibitors, aiming to occupy unique niches rather than engage in direct head-to-head competition.

Company Timeline

2017Founded

Founded in Cambridge, United States

2017Seed

Seed: $20.0M

2018Series A

Series A: $85.0M

2020IPO

IPO — $201.6M