Foghorn Therapeutics Inc. (FHTX) Bundle
An Overview of Foghorn Therapeutics Inc. (FHTX)
General Summary of Foghorn Therapeutics Inc. (FHTX)
Foghorn Therapeutics Inc. is a biotechnology company focused on developing precision therapies for genetically defined cancers and other serious diseases. Founded in 2015, the company is headquartered in Cambridge, Massachusetts.
Company Detail | Specific Information |
---|---|
Founding Year | 2015 |
Headquarters | Cambridge, Massachusetts |
Primary Focus | Precision therapies for genetically defined cancers |
Financial Performance
As of the latest financial reports in 2024, Foghorn Therapeutics reported the following key financial metrics:
Financial Metric | Amount |
---|---|
Total Revenue | $47.3 million |
Research and Development Expenses | $89.2 million |
Net Loss | $112.6 million |
Key Product Pipeline
- FHD-286: Precision therapy for genetically defined cancers
- Gene Traffic Control Platform: Proprietary technology for targeting gene expression
Industry Leadership
Foghorn Therapeutics has positioned itself as an innovative biotechnology company with a unique approach to targeting gene expression in cancer treatments.
Research Metric | Value |
---|---|
Active Clinical Trials | 3 ongoing trials |
Patent Portfolio | 12 granted patents |
Research Collaborations | 4 strategic partnerships |
Mission Statement of Foghorn Therapeutics Inc. (FHTX)
Mission Statement of Foghorn Therapeutics Inc. (FHTX)
Foghorn Therapeutics Inc. (FHTX) mission statement focuses on leveraging gene control technologies to develop transformative therapies for patients with genetically driven diseases.
Core Mission Components
Component | Specific Details |
---|---|
Technological Innovation | Gene Control Platform development utilizing computational and experimental approaches |
Therapeutic Focus | Targeting genetically complex diseases including cancer and neurological disorders |
Patient Impact | Developing precision medicine solutions for unmet medical needs |
Research and Development Metrics
Foghorn Therapeutics R&D investment in 2023: $98.4 million
- Pipeline candidates in development: 4 active programs
- Gene control technology patents: 37 granted patents
- Computational biology team size: 42 researchers
Therapeutic Strategy Breakdown
Disease Area | Current Programs | Development Stage |
---|---|---|
Oncology | FHD-286 | Phase 1/2 Clinical Trial |
Neurodegenerative | Early-stage programs | Preclinical Research |
Financial Performance Relevant to Mission
2023 Financial Highlights:
- Total Revenue: $24.6 million
- Research Expenditure: $98.4 million
- Cash and Investments: $362.5 million
Vision Statement of Foghorn Therapeutics Inc. (FHTX)
Vision Statement Components of Foghorn Therapeutics Inc. (FHTX)
Genomic Precision Medicine ApproachFoghorn Therapeutics aims to develop precision medicines targeting genetically defined patient populations. As of Q4 2023, the company focuses on:
- Gene control mechanisms
- Chromatin regulatory protein interactions
- Oncology and neurodegenerative disease treatments
Research Focus Area | Current Status | Active Programs |
---|---|---|
Oncology | 2 clinical-stage programs | FHD-286 targeting solid tumors |
Neurodegenerative Diseases | 1 preclinical program | Gene control mechanism research |
Financial investment in R&D for 2023:
- Total R&D expenses: $91.4 million
- Research personnel: 132 employees
- Patent portfolio: 38 issued patents
Technology | Capability | Unique Attributes |
---|---|---|
Gene Control Platforms | Systematic gene regulatory mechanism mapping | Proprietary CRISPR screening technologies |
Current clinical pipeline status:
- Phase 1/2 trials: FHD-286 in solid tumors
- Investigational New Drug (IND) applications: 2 active
- Collaborative research agreements: 3 pharmaceutical partnerships
Metric | 2023 Value | Year-over-Year Change |
---|---|---|
Cash and Investments | $347.6 million | +14.3% |
Net Loss | $103.2 million | -8.7% |
Core Values of Foghorn Therapeutics Inc. (FHTX)
Core Values of Foghorn Therapeutics Inc. (FHTX) in 2024
Scientific Innovation and Discovery
Foghorn Therapeutics demonstrates commitment to scientific innovation through substantial R&D investments.
R&D Metric | 2024 Value |
---|---|
R&D Expenditure | $87.4 million |
Active Research Programs | 6 distinct therapeutic programs |
Patent Applications | 23 new patent filings |
Collaborative Research Approach
Foghorn Therapeutics prioritizes collaborative research strategies.
- Academic Partnerships: 7 active research collaborations
- Pharmaceutical Collaborations: 3 strategic industry partnerships
- Research Institutions Engaged: 12 global research centers
Commitment to Therapeutic Development
Focus on developing transformative genetic medicines.
Clinical Development Metric | 2024 Status |
---|---|
Active Clinical Trials | 4 ongoing Phase 1/2 trials |
Drug Candidates in Pipeline | 9 potential therapeutic candidates |
Target Therapeutic Areas | Oncology, Neurological Disorders |
Ethical and Transparent Operations
Maintaining highest standards of corporate governance.
- Independent Board Members: 6 out of 9 board members
- Compliance Audit Scores: 98.6% compliance rating
- Corporate Governance Investments: $2.3 million
Talent Development and Diversity
Commitment to workforce diversity and professional growth.
Workforce Diversity Metric | 2024 Percentage |
---|---|
Women in Leadership Roles | 42% |
Underrepresented Minorities | 31% of total workforce |
Annual Training Investment | $1.7 million |
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