PMV Pharma

PMV Pharma

PMVP
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Private Company

Total funding raised: $362M

Market Cap: $76.3MFounded: 2013HQ: Cranbury, United States

Overview

PMV Pharma's mission is to conquer cancer by restoring the function of the most frequently mutated tumor suppressor, p53. The company's key achievement is advancing rezatapopt, a first-in-class p53 Y220C reactivator, into a pivotal Phase 1/2 trial (PYNNACLE) with Fast Track designation and publishing compelling first-in-human data in the New England Journal of Medicine. Its strategy leverages a deep structural biology platform to develop tumor-agnostic therapies targeting specific p53 hotspot mutations, aiming to address a major unmet need in approximately 50% of all cancers.

Oncology

Technology Platform

A precision oncology platform for designing small molecules that structurally correct specific mutant p53 proteins, restoring their wild-type tumor suppressor function through targeted binding to mutation-induced pockets.

Funding History

4
Total raised:$362M
IPO$175M
Series C$100M
Series B$62M
Series A$25M

Opportunities

A successful p53 reactivator addresses ~50% of all cancers, offering a massive tumor-agnostic market.
Initial focus on the Y220C mutation provides a clear development path, with platform potential to expand to other prevalent hotspot mutations (e.g., R175, R248).
Combination strategies with chemo/immunotherapy could further broaden utility and efficacy.

Risk Factors

The novel first-in-class mechanism carries high clinical trial risk, with the pivotal PYNNACLE study being a binary event for the company.
The tumor-agnostic, mutation-specific commercial strategy requires complex companion diagnostics and market penetration across multiple oncology specialties.
The pre-revenue company faces significant dilution risk from future necessary capital raises.

Competitive Landscape

PMV is a leader in small molecule p53 reactivation, with its lead asset rezatapopt being the most advanced mutation-specific candidate. Competition includes other p53-targeting approaches (e.g., Aprea's failed eprenetapopt) and indirect competition from standard oncology therapies. PMV's key advantages are its foundational science, precise structural approach, and first-in-human clinical validation published in the NEJM.

Company Timeline

2013Founded

Founded in Cranbury, United States

2017Series B

Series B: $62.0M

2020IPO

IPO — $175.0M

2020Series C

Series C: $100.0M