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BlossomHill Therapeutics, Inc.: Results of Operations and Financial Condition (BLSM)

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BlossomHill reported FDA agreement on a dose for its lead drug after favorable early data, and it plans a pivotal trial. The trial has not started, and rising costs and a wider loss temper the progress.

BLSM · BlossomHill Therapeutics, Inc.

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The FDA's dose agreement follows favorable early safety and efficacy findings. The planned pivotal study gives the lead drug a path toward testing in more patients. BlossomHill also had $224.9 million in cash. Spending rose, and its quarterly loss widened to $24.0 million from $16.0 million. The drug is still being tested, but progress and cash outweigh the higher costs in this report.

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