Financial PerformanceBiomea announced 2Q25 financial results, posting EPS of ($0.51) compared to our estimate of ($0.46), and in line with consensus.
Operational EfficiencyResearch and development and SG&A spending are reduced to exclude oncology-related expenses, reflecting a 35% staff cut.
Strategic RealignmentThe price target for Biomea Fusion is lowered to $9 due to a strategic realignment focusing solely on metabolic disease and no longer pursuing oncology.