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Edgewise Therapeutics Inc

Edgewise Therapeutics, Inc., a biopharmaceutical company, discovers, develops, and commercializes therapies for the treatment of muscle disorders. Its lead product candidate, sevasemten, an orally administered small molecule that is in Phase II clinical trials, designed to address the root cause of dystrophinopathies including Duchenne muscular dystrophy and Becker muscular dystrophy. The company develops EDG-7500, a small molecule for the treatment of hypertrophic cardiomyopathy and other severe cardiac disorders that is in Phase I clinical trials; and EDG-15400, a novel small molecule for the treatment of heart failure with preserved ejection fraction. In addition, it develops a pipeline of precision medicine product candidates that target key muscle proteins and modulators to address genetically defined muscle disorders. The company was incorporated in 2017 and is headquartered in Boulder, Colorado.

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Biotech & Genomic Medicine

Cytokinetics Launches Myqorzo in U.S. and Germany After FDA and EU Approvals

Cytokinetics has launched its first commercial drug, Myqorzo, in the United States and Germany following FDA and European Commission approvals for symptomatic obstructive hypertrophic cardiomyopathy. The U.S. rollout began in January 2026, with over 275 healthcare providers prescribing the drug and approximately 680 patients receiving it by the end of the first quarter, more than 70% of whom transitioned to paid prescriptions. The European Commission approved Myqorzo in February 2026, and the first EU launch occurred in Germany. The FDA has accepted a supplemental new drug application for Myqorzo as monotherapy, with a target action date of November 14, 2026, while the phase III ACACIA-HCM study in non-obstructive hypertrophic cardiomyopathy met both co-primary endpoints. Myqorzo competes with Bristol Myers Squibb's Camzyos and faces potential future competition from Edgewise Therapeutics' EDG-7500 and EDG-15400. Cytokinetics shares have gained 35.5% year to date, and the Zacks Consensus Estimate for 2026 loss per share has narrowed to $6.22.
Zacks Investment Research·47dRead more ▾
Biotech & Genomic Medicine

Servier outlines M&A and manufacturing strategy after multibillion-dollar deals

Servier's head of business development Frederic Scaerou discussed the company's merger and acquisition and manufacturing strategy in a Pharmaceutical Technology podcast. The French pharma company completed the $2.5 billion acquisition of oncology developer Day One Biopharmaceuticals and acquired the muscular dystrophy business of Edgewise Therapeutics for around $2.65 billion in 2026. These moves followed major artificial intelligence-focused deals with InSilico Medicine and Iktos. Scaerou explained how these transactions are shaping Servier as it navigates shifting global industry trends.
Pharmaceutical Technology·50dRead more ▾
Biotech & Genomic Medicine

Edgewise Therapeutics pivots to cardiovascular focus with $1.55 billion upfront from Servier deal

Edgewise Therapeutics has sold its muscular dystrophy pipeline to Servier for up to $2.65 billion, including $1.55 billion in upfront cash, establishing a net cash floor of roughly $25 per share and over $1.8 billion in total liquidity. The company is now a focused cardiovascular play centered on EDG-7500, a selective cardiac sarcomere modulator for hypertrophic cardiomyopathy, with early Phase 2 data showing meaningful gradient reduction without dropping ejection fraction below 50%. The primary near-term catalyst is the 12-week Phase 2 readout in the second quarter of 2026, which could unlock Phase 3 initiation later that year. A bullish scenario sets a target price of $54.00, implying about 59.1% upside from the June 23rd price of $38.83.
Yahoo Finance·58dRead more ▾