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Relay Therapeutics reports Q1 2026 results, FDA grants breakthrough status to breast cancer drug zovegalisib

Company Fundamentals
05 May 2026
GlobeNewsWire
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Bullish
pluang ai news

Relay Therapeutics announced its Q1 2026 financial results and key updates, including FDA granting Breakthrough Therapy designation to its drug zovegalisib for PIK3CA-mutant advanced breast cancer. The company reported promising clinical data showing an 11.1-month median progression-free survival in heavily pre-treated breast cancer patients and plans to start a Phase 3 frontline trial in early 2027. Relay also initiated a Phase 1/2 trial for RLY-8161 targeting NRAS-mutant tumors and expects initial vascular anomalies data in May 2026. With $642 million in cash, the company is well-funded to continue its clinical programs through 2029.

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