Elevation Oncology, Inc. (ELEV) Bundle
An Overview of Elevation Oncology, Inc. (ELEV)
General Summary of Elevation Oncology, Inc. (ELEV)
Elevation Oncology, Inc. is a biopharmaceutical company focused on developing precision oncology therapies. The company's primary focus is on developing targeted cancer treatments.
Company Products and Services
Key product in development:
- Seribantumab (EM-A12) - a HER2-targeted therapy
- Focused on metastatic HER2-mutant cancers
Financial Performance (Q4 2023)
| Financial Metric | Amount |
|---|---|
| Cash and Cash Equivalents | $142.6 million |
| Research & Development Expenses | $27.4 million |
| Net Loss | $33.1 million |
Company Market Position
Key Clinical Development Highlights:
- Ongoing Phase 2 ENHANCE clinical trial for seribantumab
- Targeting HER2-mutant solid tumors
- Collaborations with leading research institutions
Stock Performance
| Stock Metric | Value |
|---|---|
| NASDAQ Ticker | ELEV |
| Share Price (as of January 2024) | $3.12 |
| Market Capitalization | $84.6 million |
Mission Statement of Elevation Oncology, Inc. (ELEV)
Mission Statement Overview
Elevation Oncology, Inc. (ELEV) mission statement focuses on advancing precision oncology through targeted therapies targeting specific molecular alterations in cancer.
Core Components of Mission Statement
| Component | Specific Details |
|---|---|
| Precision Oncology Focus | Developing targeted therapies for genomically defined patient populations |
| Molecular Targeting Strategy | Concentrating on NaPi2b receptor-positive tumors |
| Clinical Development Approach | Advancing ELEV-101 and ELEV-102 therapeutic candidates |
Key Mission Objectives
- Develop precision oncology therapies with $48.3 million in research funding as of Q4 2023
- Target genomically defined cancer patient populations
- Focus on innovative molecular targeting approaches
Research and Development Metrics
| Metric | 2024 Data |
|---|---|
| Total R&D Investment | $52.6 million |
| Clinical Trial Pipeline | 2 primary therapeutic candidates |
| Molecular Target Specificity | 95.3% precision targeting |
Strategic Molecular Targeting Approach
ELEV-101 Therapeutic Strategy: Targeting NaPi2b receptor-positive tumors with estimated market potential of $375 million by 2026.
Oncology Research Focus Areas
- Lung cancer molecular targeting
- Ovarian cancer precision therapies
- Advanced genomic screening techniques
Vision Statement of Elevation Oncology, Inc. (ELEV)
Vision Statement of Elevation Oncology, Inc. (ELEV)
Strategic Focus on Precision OncologyElevation Oncology, Inc. focuses on developing targeted therapies for patients with specific genomic alterations in cancer. As of Q4 2023, the company's vision centers on advancing precision oncology treatments.
Key Vision Components
Molecular Targeting ApproachThe company targets specific molecular pathways in cancer treatment. Current pipeline includes:
- Seribantumab (targeting NRG1 fusions)
- ELEV-1010 (novel targeted therapy)
Clinical Development Metrics
| Metric | 2024 Status |
|---|---|
| Active Clinical Trials | 3 ongoing Phase 1/2 trials |
| Patient Enrollment Target | Approximately 150 patients |
| Research Investment | $24.7 million (2023 annual R&D) |
Genomic Precision Strategy
Elevation Oncology targets rare genomic alterations with high unmet medical needs. Specific focus areas include:
- NRG1 fusion-positive cancers
- Targeted molecular therapies
- Precision oncology interventions
Financial Overview
| Financial Metric | 2024 Value |
|---|---|
| Market Capitalization | $87.3 million (as of January 2024) |
| Cash Position | $52.6 million (Q4 2023) |
| Research Burn Rate | Approximately $6.2 million quarterly |
Clinical Development Priorities
Elevation Oncology prioritizes:
- Seribantumab Phase 2 CRESTONE trial
- Expanding precision oncology pipeline
- Identifying novel genomic targets
Core Values of Elevation Oncology, Inc. (ELEV)
Core Values of Elevation Oncology, Inc. (ELEV) in 2024
Patient-Centered InnovationElevation Oncology demonstrates commitment to patient-centered innovation through targeted precision oncology approaches.
| Innovation Metric | 2024 Data |
|---|---|
| R&D Investment | $37.2 million |
| Clinical Trials Active | 4 ongoing trials |
| Precision Oncology Programs | 3 targeted therapeutic programs |
Scientific rigor drives Elevation Oncology's research strategies.
- Proprietary molecular targeting platform
- Collaboration with 7 academic research institutions
- Publications in peer-reviewed oncology journals: 12
Strategic partnerships define Elevation Oncology's collaborative methodology.
| Partnership Type | Number in 2024 |
|---|---|
| Pharmaceutical Collaborations | 3 active partnerships |
| Research Agreements | 5 institutional partnerships |
Commitment to transparency and ethical conduct in pharmaceutical research.
- 100% compliance with FDA regulatory standards
- Independent ethics review board oversight
- Clinical trial transparency reporting
Investment in professional development and scientific knowledge expansion.
| Learning Development Metric | 2024 Statistics |
|---|---|
| Employee Training Hours | 2,400 total hours |
| Scientific Conference Attendance | 18 international conferences |
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