Olema Oncology

Olema Oncology

OLMA
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Private Company

Total funding raised: $466.8M

Market Cap: $1.3BFounded: 2006Employees: 100-250HQ: San Francisco, United States

Overview

Olema Oncology is a clinical-stage biotech focused on transforming the treatment of endocrine-driven cancers, particularly metastatic ER+/HER2- breast cancer. Its core achievement is the development of palazestrant, an oral CERAN/SERD with a dual mechanism of action, now in two pivotal Phase 3 trials with top-line monotherapy data expected in fall 2026. The company's strategy leverages deep scientific expertise in nuclear receptors to address the critical unmet need of therapy resistance, aiming to establish palazestrant as a new standard of care. A second asset, OP-3136, a KAT6 inhibitor, represents a novel epigenetic approach currently in Phase 1.

OncologyBreast Cancer

Technology Platform

Expertise in nuclear receptor biology and small molecule drug design, focused on developing complete estrogen receptor antagonists (CERAN) and degraders (SERD) to overcome therapy resistance, with extension into epigenetic targets like KAT6.

Funding History

4
Total raised:$466.8M
PIPE$150M
IPO$204.8M
Series B$85M
Series A$27M

Company Timeline

2006Founded

Founded in San Francisco, United States

2020Series B

Series B: $85.0M

2021IPO

IPO — $204.8M

2023PIPE

PIPE: $150.0M