Biomea Fusion, Inc., a clinical-stage diabetes and obesity medicines company, focuses on the discovery and development of oral drugs to treat patients with diabetes and obesity. It's lead clinical program's drug candidates are COVALENT-111 and COVALENT-112, which has completed Phase II clinical trials of icovamenib for the treatment of Type 1 and Type 2 diabetes; COVALENT-211, which is in Phase II clinical trial of icovamenib for treating insulin-deficient type 2 diabetes; and COVALENT-212, which is in Phase II clinical trial of icovamenib for the treatment of type 2 diabetes. The company is also developing BMF-650, which is in Phase I glucagon-like peptide-131 clinical trial for the treatment of obesity. The company was incorporated in 2017 and is headquartered in San Carlos, California. Show more

1599 Industrial Road, San Carlos, CA, 94070, United States

Biotechnology
Healthcare

Market Cap

114.2M

52 Wk Range

$0.87 - $3.08

Previous Close

$1.58

Open

$1.58

Volume

917,370

Day Range

$1.48 - $1.60

Enterprise Value

57.12M

Cash

55.81M

Avg Qtr Burn

-13.94M

Insider Ownership

7.17%

Institutional Own.

37.32%

Qtr Updated

12/31/25


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Drug & IndicationStage & EventCatalyst Date
BMF-219 (icovamenib) + GLP-1-based therapy Details
Severe insulin-deficient type 2 diabetes patients

Phase 2b

Data readout

Phase 2

Data readout

Phase 2

Data readout

Icovamenib (BMF-219) (Menin Inhibitor) Details
Type 1 Diabetes (Diagnosed Within Past 3 Years)

Phase 2

Initiation

Phase 1/2

Data readout

BMF-650 (GLP-1 RA) Details
Obese, otherwise healthy volunteers

Phase 1

Data readout

Phase 1

Update

BMF-219 (icovamenib) Details
Solid tumor/s, Colorectal cancer , Pancreatic cancer, Non-small cell lung carcinoma

Failed

Discontinued

BMF-219 (icovamenib) Details
Acute myeloid leukemia, Acute lymphoblastic leukemia

Failed

Discontinued