PMV Pharmaceuticals

PMV Pharmaceuticals

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Private Company

Total funding raised: $245M

Market Cap: $71.5MPipeline: 6 drugsFounded: 2013HQ: Cranbury, United States

Overview

PMV Pharmaceuticals' mission is to conquer cancer by correcting the function of mutant p53, the most frequently altered tumor suppressor in human oncology. The company's core achievement is advancing rezatapopt (PC14586), a first-in-class p53 Y220C reactivator, into the pivotal PYNNACLE Phase 1/2 study, with data recently published in the New England Journal of Medicine demonstrating proof-of-concept. Its strategy integrates a mutation-focused, tumor-agnostic development path with a deep pipeline targeting additional p53 hotspot mutations, aiming to establish a new class of precision oncology therapeutics. PMV operates as a publicly traded entity, building upon over four decades of foundational p53 research co-discovered by its scientific founder.

OncologyPrecision Medicine

Technology Platform

A proprietary platform integrating structural biology, computational modeling, and medicinal chemistry to discover small molecules that selectively bind to and stabilize specific, druggable mutant p53 proteins, restoring their wild-type tumor suppressor function.

Pipeline

6
6 drugs in pipeline
DrugIndicationStageWatch
PC14586 + ItraconazoleHealthy VolunteersPhase 1
[14C]-PC14586Healthy Male VolunteersPhase 1
Azacitidine + RezatapoptMyelodysplastic SyndromePhase 1
PC14586 + Rabeprazole + FamotidineHealthy VolunteersPhase 1
metformin hydrochloride 500 mg tablet + rosuvastatin 10 mg t...TP53 Y220C MutationPhase 1

Funding History

3
Total raised:$245M
IPO$150M
Series B$70M
Series A$25M

Opportunities

PMV has a first-mover advantage in the vast, untapped market of p53-mutated cancers, with a lead asset showing promising clinical proof-of-concept.
Success with rezatapopt could validate its tumor-agnostic platform, enabling rapid expansion into other high-frequency p53 hotspot mutations and creating a new class of oncology therapeutics.

Risk Factors

The company faces binary clinical risk in its ongoing pivotal trial, a challenging commercialization path for a small, dispersed patient population, and a likely need for dilutive financing.
The novel mechanism of p53 reactivation, while promising, remains unproven at the regulatory stage.

Competitive Landscape

PMV is a clear leader in direct p53 reactivation, with no competitor having advanced a selective compound as far clinically. The landscape consists of a few early-stage academic efforts and previous non-selective stabilizers that faced clinical setbacks, giving PMV a significant first-mover advantage if successful.

Company Timeline

2013Founded

Founded in Cranbury, United States

2015Series A

Series A: $25.0M

2018Series B

Series B: $70.0M

2020IPO

IPO — $150.0M