Foghorn Therapeutics Inc. is a clinical-stage biopharmaceutical company dedicated to discovering and developing medicines. Their focus is on addressing genetically determined vulnerabilities within the chromatin regulatory system. The company employs its exclusive "Gene Traffic Control" platform to pinpoint, validate, and strategize drug development for specific targets within this complex system. Its pipeline includes FHD-286, a small-molecule agent engineered to halt the enzymatic activity of BRG1 and BRM. This compound is being developed to treat metastatic uveal melanoma, as well as acute myeloid leukemia and myelodysplastic syndrome that have either recurred or are resistant to previous therapies. Another key candidate, FHD-609, is a small-molecule protein degrader designed to target BRD9, intended for patients diagnosed with synovial sarcoma. Beyond these, Foghorn is also further developing a selective enzymatic inhibitor and a protein degrader, both designed to modulate BRM. Additionally, they are working on ARID1B selective modulators, with potential applications in treating ovarian, endometrial, colorectal, bladder, and gastric cancers. The company has forged strategic alliances, including a research collaboration and licensing agreement with Merck Sharp & Dohme Corp. aimed at unearthing and creating novel oncology therapies focused on a transcription factor target. They also collaborate with Loxo Oncology to devise new cancer treatments. Foghorn Therapeutics Inc. was established in 2015 and maintains its headquarters in Cambridge, Massachusetts.
Foghorn Therapeutics Provides Second Quarter 2026 Financial and Corporate Update
Foghorn reported Q2 2026 financial results with collaboration revenue rising to $16.1 million, resulting in a narrowed net loss of $7.2 million compared to $17.9 million in the prior year.
The company's balance sheet remains strong with $167.6 million in cash and securities, extending its cash runway into the first half of 2028.
Operationally, the lead asset FHD-909 continues to advance through dose escalation in NSCLC, and the EP300 degrader program showed superior preclinical activity compared to benchmarks.
A timeline delay was disclosed for the CBPd-171 program due to an unexpected operational issue at a third-party contract research organization.