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🇺🇸 SECBlossomHill Therapeutics, Inc.Doubao · 实盘不做把握 5/10不做原因:已被定价
北京时间·🕒 发布 19:30:06·⟳ 抓取 20:07:30 +37m24s·⚡ 决策 09-15 20:11:29 +3m59s·42.1 天前

BlossomHill(BLSM)WCLC公布BH-30643治疗EGFR C797S阳性NSCLC更新数据:ORR 45%、DCR 88%,安全性良好

这是一场日期早已确定的WCLC会议读出,核心疗效ORR 45%与公司IPO前后市场已知的更小样本约47%基本持平,Fast Track资格已于8月18日公布;增量主要是样本从约20例扩到40例与6.9个月耐久性,属确认性而非显著超预期。股票自8月IPO以来已上涨约34%、9月14日单日+4.2%有提前抢跑迹象,盘前几乎无量无法确认承接,新上市单资产Biotech会议数据见光死概率高,正edge不足。

📄 原文BlossomHill Therapeutics, Inc.↗ 原文
----- d168153d8k.htm ----- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REP…
不做 BlossomHill Therapeutics(BLSM.US)
已预告WCLC会议的确认性扩样本更新:ORR 45%与此前约47%基本持平,Fast Track于8/18已公开;近20日+34%、9/14+4.2%显示部分抢跑,盘前几乎无量、买卖价差极大,新上市单资产临床期Biotech见光死风险高,新增正edge不足,不追高。
展开详情(成交明细 / 研究档案 / 原文全文 / 决策记录链)

研究档案

结论摘要

BH-30643在无获批靶向疗法的C797S耐药人群中给出45% ORR/88% DCR和良好安全性,方向确实正面;但这是已预告会议的扩样本确认、ORR与此前~47%持平,叠加近期抢跑与见光死风险,不具备可交易的新增edge,建议回避追高。

🔎 新鲜度:最早出现 2026-09-15 · 扩散 low · price-in 风险 high ↗ ↗

消息传播链

  1. 2026-05-27其它ASCO Publications非一手原文 ↗
    BH-30643首次人体试验摘要在2026 ASCO年会披露,市场在WCLC前已可获得早期疗效信号,本次为扩样本/耐久性更新而非首次读出。
  2. 2026-08-18官方确认/否认公司IR新闻稿一手源原文 ↗
    FDA授予C797S阳性NSCLC适应症Fast Track资格,属本次数据前已公开并已被股价消化的监管利好。
  3. 2026-09-15 07:30 ET首发SEC EDGAR 8-K / 公司新闻稿(Exhibit 99.1)原文 ↗
    配合首尔WCLC mini-oral发布更新数据:ORR 45%(18/40)、DCR 88%、6.9个月随访、安全性良好;首发时点为美股盘前。
    市场反应:截至美东约08:00盘前报价21.74附近但成交仅个位数股,买卖盘价差极大(bid 20.86/ask 34.78),尚无有效价格发现。

关键理由

  • 唯一核心资产在无获批靶向药的C797S人群中45% ORR、88% DCR、减量仅9%,Fast Track加持并计划2027 Q1进Phase 2,临床与监管路径获得正向验证。
  • 公司刚完成约1.5亿美元IPO、现金充足,分析师覆盖偏正面(第三方显示共识目标价约$31),具备承接临床里程碑的资金基础。

主要风险

  • 会议日期与Fast Track早已公开、ORR较此前约47%未提升,属确认性更新,存在典型sell-the-news/见光死风险。
  • 仅Phase 1/2、18例缓解中2例未确认,关键注册Phase 2要到2027 Q1才启动,距收入与获批极远,新上市小盘股波动大、盘前流动性极差。

反向证据

  • 做多前查反向 · 来源 web · 日期 2026-09-15 · 影响 weakens
    会议日期与~47%的早期ORR此前已公开,第三方资料显示本次45%未超此前读数,叠加9/14提前上涨,存在会议见光死与预期已满。
    检索:BLSM BH-30643 WCLC sell the news 见光死 ORR 47% expected 原文 ↗
  • 做多前查反向 · 来源 web · 日期 2026-09-02 · 影响 none
    Leerink 9/2上调至Strong-Buy、第三方共识目标价约$31且现金充足,构成支撑;但这些利好已在股价中,且仍为Phase 1/2单资产公司,未改变增量edge不足的判断。
    检索:BlossomHill BLSM 分析师评级 目标价 现金 临床风险 竞争 原文 ↗

先例如何影响了这次决策

对本次决策的影响:先例证据不足且偏谨慎,叠加本次属确认性更新,最终选择AVOID而非追高,不给tp/sl。

方向:C797S第四代EGFR-TKI(BLU-945、BBT-176等)多为早期单臂数据,赛道历史上早期ORR信号难以线性外推,BBT-176的Phase 1/2最终终止,提示单凭Phase 1/2 ORR追高风险较大。

涨幅量级:未取得满足首发锚定、同市场同相位且1/3/5日完整的高相似clean先例,无法据此校准BLSM的可靠涨幅区间。

形态:已确定、提前预告的医学会议读出在新上市小盘临床期Biotech上常见见光死,但本次缺乏可回测的对齐样本来量化概率。

工具执行结果 · 成功 9 · 降级 0 · 失败 0 · 取消 0
  1. search_processed_events 成功 stock_tools HTTP · 16 ms
    {"result": "search_processed_events:agent query=`blossomhill egfr c797s nsclc phase 1/2 | blossomhill therapeutics bh-30643 solara c797s data | blsm 8-k wclc 2026 orr 45%`;结构化索引覆盖完整 72 小时;旧记录兼容扫描近 0.0/72 小时、0 条本臂决策(完整),返回 0 条候选。未命中只表示这些 agent query 表达式没有召回候选,不能据此证明消息首发或不是重复;按当前事件继续正常研判。"}
  2. fetch_decision_experience 成功 stock_tools HTTP · 8 ms
    {
  3. stock_quote 成功 stock_tools HTTP · 1,181 ms
    {
  4. web_search 成功 doubao_search · 1,788 ms
    豆包搜索结果(原始查询:BlossomHill BLSM BH-30643 analyst expectations WCLC 2026 C797S data stock;API SearchType:web)
  5. web_search 成功 doubao_search · 2,100 ms
    豆包搜索结果(原始查询:EGFR C797S inhibitor phase 1 data ORR comparison zipalertinib BLU-945 BBT-176;API SearchType:web)
  6. web_search 成功 doubao_search · 1,590 ms
    豆包搜索结果(原始查询:BlossomHill Therapeutics BLSM Fast Track designation BH-30643 announcement;API SearchType:web)
  7. web_search 成功 doubao_search · 2,097 ms
    豆包搜索结果(原始查询:BH-30643 SOLARA prior ORR 2026 AACR ASCO BlossomHill data presented cohort;API SearchType:web)
  8. web_search 成功 doubao_search · 1,558 ms
    豆包搜索结果(原始查询:BlossomHill BLSM IPO August 2026 price cash runway prospectus;API SearchType:web)
  9. web_search 成功 doubao_search · 2,275 ms
    豆包搜索结果(原始查询:BBT-176 Bridge Biotherapeutics C797S ORR phase 1 stock reaction data 2024 2025;API SearchType:web)

原文全文

展开原文 · 16,690 字
----- d168153d8k.htm -----
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
September 15, 2026
BlossomHill Therapeutics, Inc.
(Exact name of registrant as specified in its charter)
Delaware
001-43435
85-1578711
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
10255 Science Center Drive
Suite 200
San Diego
,
California
92121
(Address of principal executive offices)
Registrant’s telephone number, including area code:
(858)
732-3880
N/A
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form
8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule
14a-12
under the Exchange Act (17 CFR
240.14a-12)
☐
Pre-commencement
communications pursuant to Rule
14d-2(b)
under the Exchange Act (17 CFR
240.14d-2(b))
☐
Pre-commencement
communications pursuant to Rule
13e-4(c)
under the Exchange Act (17 CFR
240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading
Symbol(s)
Name of each exchange
on which registered
Common Stock, $0.0001 par value per share
BLSM
The Nasdaq Global Select Market
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule
12b-2
of the Securities Exchange Act of 1934
(§240.12b-2
of this chapter).
Emerging growth company
☒
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
☐
Item 7.01
Regulation FD Disclosure.
On September 15, 2026, BlossomHill Therapeutics, Inc. issued a press release announcing updated data from the ongoing Phase 1/2 SOLARA trial of
BH-30643
in
non-small
cell lung cancer (NSCLC) patients with secondary epidermal growth factor receptor (EGFR) resistance mutations such as EGFR C797S. The data were highlighted in a mini-oral presentation at the International Association for the Study of Lung Cancer (IASLC) 2026 World Conference on Lung Cancer in Seoul, South Korea. The full text of the press release issued in connection with this announcement is furnished as Exhibit 99.1 to this Current Report on Form
8-K.
The information in this Item 7.01 and the attached Exhibit 99.1 is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. The information in this Item 7.01 and the attached Exhibit 99.1 shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended.
Item 9.01
Financial Statements and Exhibits.
(d) Exhibits.
Exhibit
No.
Description
99.1
Press Release, dated September 15, 2026.
104
Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
BlossomHill Therapeutics, Inc.
Dated: September 15, 2026
By:
/s/ J. Jean Cui, Ph.D.
J. Jean Cui, Ph.D.
President and Chief Executive Officer

----- d168153dex991.htm -----
EX-99.1
2
d168153dex991.htm
EX-99.1
EX-99.1
Exhibit 99.1
BlossomHill Therapeutics Presents Updated Data from Ongoing Phase 1/2
SOLARA Trial Demonstrating Encouraging Anti-Tumor Activity of OMNI-EGFR
™
Inhibitor
BH-30643
in EGFR C797S-Positive NSCLC at IASLC 2026 World Conference on Lung Cancer
45% objective response rate and 88% disease control rate observed in patients with
EGFR C797S-positive resistance to prior EGFR inhibitors, with or without
concurrent T790M, a
difficult-to-treat
population with no
approved targeted therapies
BH-30643
demonstrated a favorable safety profile with low rates
of dose reduction or
discontinuation due to treatment-related adverse events
Presentation follows receipt of FDA Fast Track designation for
BH-30643
for the treatment of
advanced or metastatic EGFR C797S-positive NSCLC
SAN DIEGO, September
15, 2026
–
BlossomHill
Therapeutics, Inc.
(Nasdaq: BLSM), a clinical-stage
biopharmaceutical company applying an intentional, chemistry-based approach to design and develop innovative small molecule medicines for the treatment of cancer, today announced updated data from the ongoing Phase 1/2 SOLARA trial of
BH-30643
in
non-small
cell lung cancer (NSCLC) patients with secondary
epidermal growth factor receptor
(
EGFR
) resistance mutations such as EGFR C797S. The data
were highlighted in a mini-oral presentation at the International Association for the Study of Lung Cancer (IASLC) 2026 World Conference on Lung Cancer in Seoul, South Korea.
BH-30643
is an investigational, novel, orally bioavailable,
non-covalent,
macrocyclic, brain active, mutant-selective, OMNI-EGFR
™
inhibitor designed to overcome the limitations of currently approved EGFR inhibitors for the treatment of
EGFR
-mutant NSCLC. In
patients with EGFR C797S-positive resistance to prior EGFR inhibitor treatment, with or without concurrent T790M,
BH-30643
demonstrated a 45% objective response rate (ORR; 18/40) and an 88% disease control
rate (DCR; 35/40). At the time of efficacy
follow-up,
63% (25/40) of patients remained on treatment with a median
follow-up
of 6.9 months.
BH-30643
also demonstrated a favorable safety profile with low rates of dose reduction or discontinuation due to treatment-related adverse events.
“C797S-driven resistance to third-generation EGFR inhibitors was first described over 10 years ago, yet patients whose tumors develop this mutation
currently have no approved targeted treatment options,” said Hidehito Horinouchi, M.D., Ph.D., National Cancer Center Hospital, Tokyo, and presenting author of the study. “The responses observed with
BH-30643
in this heavily pretreated population, together with encouraging early evidence of durability, support the potential of
BH-30643
to directly target this
resistance mechanism. These results are particularly encouraging given the need for new precision treatment options that can extend the benefits of targeted therapy for patients with
EGFR
-mutant lung cancer.”
“These updated results provide important clinical validation of the approach we took in intentionally designing
BH-30643
to address
on-target
EGFR resistance, including C797S,” said Geoff Oxnard, M.D., Chief Medical Officer of BlossomHill Therapeutics. “We are
encouraged to see meaningful anti-tumor activity across a molecularly diverse group of patients with C797S-positive disease, including patients with concurrent T790M and those who have received multiple prior therapies, with a favorable safety
profile. Together with the recent FDA Fast Track designation, these data strengthen our conviction in the potential of
BH-30643
and support our plans to advance into a Phase 2 trial in patients with
C797S-positive NSCLC in 2027.”
Presentation highlights:
As of the May 12, 2026 data cutoff, with efficacy
follow-up
through August 10, 2026:
•
Encouraging anti-tumor activity was observed in patients with C797S-positive resistance.
Among 40 patients
with EGFR C797S-positive resistance to prior EGFR inhibitor treatment, with or without concurrent T790M, 18 patients achieved a confirmed (16) or ongoing unconfirmed (2) partial response, representing an ORR of 45% (95% CI:
29%-62%).
The DCR was 88% (35/40), and 25 patients (63%) remained on treatment at the time of efficacy
follow-up.
Median
follow-up
was
6.9 months.
•
Activity was observed across a clinically heterogeneous, previously treated population.
Patients had
received a median of two prior lines of therapy; 98% had received prior osimertinib, 53% had received prior chemotherapy and/or an antibody-drug conjugate, and 53% had a history of brain metastases. 35% of patients had concurrent T790M.
•
BH-30643
demonstrated a favorable safety profile at expansion
doses.
Among 174 patients treated at doses of 40 mg, 50 mg and 60 mg twice daily, treatment-related dose reductions and discontinuations occurred in 9% and 3% of patients, respectively. EGFR wild-type-associated treatment-related adverse events
were primarily Grade 1. The most common treatment-related adverse event was bilirubin elevation, which was generally asymptomatic and predominantly unconjugated, consistent with UGT1A1 inhibition by
BH-30643.
•
Development of
BH-30643
is continuing across multiple
EGFR
-mutant populations.
Expansion cohorts are evaluating
on-target
resistance mutations, targeted therapy-naive patients and
BH-30643
in
combination with chemotherapy. BlossomHill plans to initiate a global Phase 2 study targeting
EGFR
C797S-positive NSCLC in Q1 2027.
The presentation is available on the company’s Posters & Presentations page here:
https://bhtherapeutics.com/pipeline/#posters-and-presentations
.
About
BH-30643
BH-30643
is an investigational, novel, orally bioavailable,
non-covalent,
macrocyclic, brain active, mutant-selective,
OMNI-EGFR
™
inhibitor for the treatment of
EGFR
-mutant NSCLC.
BH-30643
was designed to overcome the limitations of currently approved EGFR
inhibitors, which were discovered over a decade ago without the current, modern understanding of the structure and protein dynamics of mutant EGFRs. In preclinical studies,
BH-30643
demonstrated potent
inhibitory activity across diverse
EGFR
mutation categories – classical mutations,
on-target
resistance mutations such as C797S with or without T790M, atypical mutations and exon 20 insertions
– while maintaining marked selectivity over wild-type EGFR.
BH-30643
has received Fast Track designation and is being evaluated in SOLARA, a global Phase 1/2,
first-in-human
clinical trial spanning more than 40 sites in 10 countries. Ongoing dose expansion cohorts are enrolling in both
TKI-pretreated
and
TKI-naive
settings, including a C797S resistance cohort. For additional information on SOLARA, including a list of study sites and how to enroll, please visit clinicaltrials.gov (
NCT06706076
).
About the SOLARA Trial
The Phase 1/2 SOLARA clinical trial (
NCT06706076
) is a global, open label, multicenter study assessing the safety, tolerability, pharmacokinetics,
pharmacodynamics and preliminary anti-tumor activity of
BH-30643
in patients with epidermal growth factor receptor (EGFR) mutant
non-small
cell lung cancer (NSCLC).
Phase 1 will determine the recommended Phase 2 dose (RP2D) of
BH-30643
as a monotherapy and in combination with chemotherapy. Phase 2 is designed to evaluate the antitumor efficacy and safety in specified
cohorts determined by mutation subtypes and/or treatment history at the RP2D, as well as the population pharmacokinetics.
About BlossomHill
Therapeutics
BlossomHill Therapeutics, Inc. is a clinical-stage biopharmaceutical company applying an intentional, chemistry-based approach to design
and develop innovative small molecule medicines that address significant unmet medical needs in cancer treatment. Founded and led by industry veteran J. Jean Cui, Ph.D., with her proven track record in oncology drug design and development –
including three
FDA-approved
drugs – BlossomHill Therapeutics applies cutting-edge science with a goal to address key oncogenic drivers and improve patient outcomes in
difficult-to-treat
cancers. The company’s lead clinical program is
BH-30643,
an investigational,
non-covalent,
macrocyclic, brain active, mutant-selective OMNI-EGFR
TM
inhibitor for the treatment of EGFR-mutant
non-small
cell lung cancer (NSCLC), which has received
Fast Track designation for the C797S resistance population after 3rd generation EGFR TKI treatment. The company is also conducting clinical development of
BH-30236,
an investigational macrocyclic
CDC-like
kinase (CLK) inhibitor initially being studied in a clinical trial for the treatment of relapsed or refractory acute myeloid leukemia (R/R AML) and higher-risk myelodysplastic syndromes
(HR-MDS).
The company’s pipeline also includes
BH-501284,
a preclinical,
non-covalent,
selective,
pan-KRAS
Switch-II
inhibitor for potential future development in diverse KRAS-mutant tumors.
BlossomHill Therapeutics is headquartered in San Diego, California. For more information, visit
bhtherapeutics.com
and follow us
on
LinkedIn
and
X
.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, and other
federal securities laws, including, without limitation, statements regarding: the therapeutic potential, clinical benefits, safety and potential competitive differentiation of the company’s product candidates, including
BH-30643,
BH-30236
and
BH-501284;
the anticipated benefits of regulatory designations received, or that may be received, by the
company’s product candidates; the design, enrollment, timing, progress and results of the company’s clinical trials and preclinical studies; the company’s planned regulatory interactions and submissions; anticipated program
milestones, announcements and updates, including the initiation of the Phase 2 study for
BH-30643
in Q1 2027; statements by the company’s management; and the company’s development plans and
continued advancement of its pipeline. The words “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,”
“potential,” “predict,” “project,” “should,” “target,” “upcoming,” “will,” “would” and similar expressions are intended to identify forward-looking
statements, although not all forward-looking statements contain these identifying words.
Any forward-looking statements in this press release are
based on management’s current expectations and beliefs and are subject to a number of risks, uncertainties and important factors that may cause actual events or results to differ materially, including, without limitation: the company’s
limited operating history, history of significant losses and the early stage of development of its product candidates; the risk that preliminary and
interim clinical data are subject to further analysis and may not be predictive of, may be inconsistent with, or may be more favorable than, data generated as clinical trials continue or data
from future clinical trials; uncertainties inherent in the initiation, timing, design and enrollment of clinical trials, and the availability and timing of data from ongoing and future trials; the company’s ability to successfully demonstrate
the safety and efficacy of its product candidates and to obtain and maintain regulatory approvals; the timing and outcome of planned interactions with, and submissions to, the FDA and other regulatory authorities, including whether an accelerated
approval pathway will be available to the company; the risk that regulatory designations, including Fast Track and orphan drug designation, may not result in a faster development, review or approval process, do not increase the likelihood of
regulatory approval, and may be withdrawn; competition from third parties that are developing products for similar indications; the prior success of the company’s management team not being indicative of future success; the company’s
reliance on third parties, including contract research organizations and contract manufacturing organizations; the company’s ability to obtain, maintain and protect its intellectual property; and the company’s need for additional
financing and its estimates regarding operating expenses and capital requirements. These and other risks are described in greater detail under the heading “Risk Factors” in the company’s final prospectus filed with the Securities
and Exchange Commission (the “SEC”) on August 7, 2026 pursuant to Rule 424(b)(4) under the Securities Act of 1933, as amended, as well as in the company’s subsequent filings with the SEC. Any forward-looking statements
represent the company’s views only as of the date of this press release, and the company expressly disclaims any obligation to update any forward-looking statements, except as required by law.
Company Contact:
Michael Moore, BlossomHill Therapeutics
michael.moore@bhtherapeutics.com
Media:
Ashlea Kosikowski, 1AB
ashlea@1abmedia.com

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