Foghorn Therapeutics

Foghorn Therapeutics

FHTX
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FHTX · Stock Price

USD 4.20+0.00 (+0.00%)
Market Cap: $244.8M

Historical price data

Market Cap: $244.8MPipeline: 4 drugsHQ: Watertown, United States

Overview

Foghorn Therapeutics is a clinical-stage biotechnology company developing novel therapeutics targeting the chromatin regulatory system, a key driver in over half of all cancers. Its mission is to create precision medicines by selectively modulating chromatin remodeling complexes, such as the BAF complex, to address genetically determined dependencies in diseased cells. The company's strategy is powered by its integrated Gene Traffic Control® platform, which enables target identification, validation, and drug discovery at scale. Foghorn has advanced multiple candidates into Phase 1 trials and maintains a strategic collaboration with Loxo Oncology at Lilly, positioning it at the forefront of chromatin-based drug discovery.

Oncology

Technology Platform

The proprietary Gene Traffic Control® platform is an integrated system for identifying and drugging targets within the chromatin regulatory system, combining target ID/validation, component production, proprietary assays, and drug discovery/optimization, including targeted protein degradation.

Pipeline

4
4 drugs in pipeline
DrugIndicationStageWatch
Decitabine + Venetoclax + FHD-286Acute Myeloid LeukemiaPhase 1
FHD-286 + Low Dose Cytarabine + DecitabineAdvanced Hematologic MalignancyPhase 1
FHD-609Advanced Synovial SarcomaPhase 1
FHD-286Metastatic Uveal MelanomaPhase 1

Funding History

4
Total raised:$340M
IPO$120M
Series C$120M
Series B$50M
Series A$50M

Opportunities

The chromatin regulatory system is implicated in over half of all cancers, representing a vast addressable market.
Foghorn's platform enables a systematic approach to drugging this system, with the potential to generate multiple precision medicines for defined patient subsets with high unmet need, starting in oncology and expanding to other diseases.

Risk Factors

All clinical programs are in early Phase 1, carrying high risk of failure due to efficacy, safety, or pharmacokinetic issues.
The company is pre-revenue and will require substantial additional capital, making it sensitive to financing markets.
The novel biology presents a risk of on-target toxicity given the essential role of chromatin regulators in normal cells.

Competitive Landscape

Foghorn competes in the emerging field of chromatin-targeted therapies against companies focused on other epigenetic targets (e.g., EZH2, BET inhibitors). Its key advantages are its systematic platform, deep focus on chromatin remodeling complexes, dual modality strategy (inhibition & degradation), and foundational science from its founders, though it faces competition from larger, resource-rich pharma entrants.

Company Timeline

2018Series B

Series B: $50.0M

2020IPO

IPO — $120.0M

2020Series C

Series C: $120.0M