Forma Therapeutics Inc
↗Watertown, USA
Forma Therapeutics is a clinical-stage biopharmaceutical company focused on the discovery, development, and commercialization of transformative medicines for patients with rare hematologic diseases and cancers. The company leverages a sophisticated drug discovery engine that combines biology insight with chemistry expertise to target challenging pathways such as protein-protein interactions, epigenetics, and tumor metabolism.
Following its acquisition by Novo Nordisk in 2022, the company has become a key component of Novo Nordisk's expansion into the rare blood disorder space. Its lead program, etavopivat, is a selective pyruvate kinase-R (PKR) activator designed to improve red blood cell health and address the underlying causes of sickle cell disease and thalassemia. The company also maintains a legacy of high-value oncology assets, many of which have been out-licensed to partners like Rigel Pharmaceuticals and Pathos AI.
CLASSIFICATION
SIZE & FINANCIALS
Employees:51-200
Revenue:$25M-$50M (estimated royalties/milestones)
Founded:2007
Ownership:subsidiary
Status:acquired
FUNDING
Stage:Acquired
Total Raised:$1.1B
Investors:RA Capital Management, Cormorant Asset Management, Wellington Management, Samsara BioCapital, Janus Henderson Investors, Lilly Ventures, Novartis Venture Fund
STOCK
Exchange:NASDAQ
Ticker:FMTX (Delisted)
Market Cap:$1.1B (at acquisition)
PIPELINE
Stage:Phase 3
Lead Drug Stage:Phase 2/3
Modalities:Small molecule
Active Trials:17
Trial Phases:Phase 1: 4 | Phase 2: 8 | Phase 3: 5
FDA Approvals:1
EMA Approvals:0
CORPORATE STRUCTURE
Parent Company:Novo Nordisk
Acquired By:Novo Nordisk (2022-10-01)
Key Partnerships:Rigel Pharmaceuticals (Exclusive license for Olutasidenib/REZLIDHIA), Pathos AI (License for Pocenbrodib), Boehringer Ingelheim (Collaboration on SOS1:KRAS inhibitor BI-1701963), Kissei Pharmaceutical (Sub-license for REZLIDHIA in Asia via Rigel)
COMPETITION
Position:Leader
Competitors:Agios Pharmaceuticals, bluebird bio, Vertex Pharmaceuticals, CRISPR Therapeutics, Global Blood Therapeutics (Pfizer)
LEADERSHIP
Key Executives:
Ulrich Christian Otte - President
Frank D. Lee - Former CEO
Scientific Founders:Nikolai Kley, Steven Tregay
Board Members:Peter Wirth (Former Chairman), Frank Lee, Patrick F. Kelly
LINKS
Disclaimer: IntuitionLabs.ai is not affiliated with, endorsed by, or associated with Forma Therapeutics Inc. The information on this page was collected and compiled using AI agents from publicly available sources. While we strive for accuracy, this data may be incomplete, outdated, or contain errors. For official information, please visit the company's website directly. If you notice any inaccurate information, please contact us.