Relay Therapeutics reported no revenue for Q4 2024. Cash, cash equivalents, and investments totaled $781.3 million. Net loss was $76.0 million, or $0.45 per share. The company anticipates initiating the Phase 3 ReDiscover-2 trial of RLY-2608 + fulvestrant in mid-2025.
RLY-2608 breast cancer program continued to advance, driven by positive maturation of the RLY-2608 + fulvestrant doublet dataset.
Interim data for RLY-2608 + fulvestrant showed 11.4-month median PFS in 2L patients with PI3Kα-mutated, HR+/HER2- advanced breast cancer.
Initiation of Phase 3 ReDiscover-2 trial of RLY-2608 + fulvestrant anticipated in the middle of 2025 in PI3Kα-mutated, CDK4/6 pre-treated, HR+/HER2- advanced breast cancer
Approximately $780 million in cash, cash equivalents and investments at end of Q4 2024, which will be prioritized to fully fund the execution of the ReDiscover-2 Phase 3 trial
Relay Therapeutics plans to advance its clinical programs, including initiating the RLY-2608 + fulvestrant Phase 3 trial in breast cancer patients and anticipates several milestones in 2025.
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