Bull
$1.99
Scenario price
$1.730
+0.052 (+2.98%)At close
Biomea Fusion, Inc. is a clinical-stage biopharmaceutical company focused on the discovery and development of oral small molecule therapies, including icovamenib and BMF-650, for diabetes and obesity, with research activities focused on the biology of metabolic diseases. Its covalent small molecule drug is a synthetic compound that forms a permanent bond with its target protein. The Company’s clinical candidate, icovamenib, is an investigational oral small molecule that reversibly downmodulates menin, a transcriptional regulator involved in beta-cell biology. Its Phase 2 clinical development includes type 1 and type 2 diabetes, obesity, and combination with GLP-1 receptor agonist therapies. The Company’s second product candidate, BMF-650, is an investigational, oral small-molecule glucagon-like peptide-1 receptor agonist (GLP-1 RA), for the treatment of diabetes and obesity.
Biomea Fusion Inc is a good buy right now due to its recent positive earnings report showing a narrower loss of $8.33 million in Q2 2026, down from $20.74 million a year prior, and an RSI of 83.516 indicating strong momentum. The current price of $1.73 is significantly below the analyst price target of $7, suggesting a potential upside of over 300%. However, the main risk is the delayed clinical trial results, which could impact investor sentiment.
Scenario prices are the last monthly forecast band of the current year. Probabilities are fixed model weights (25 / 50 / 25), not guarantees.

Biomea Fusion Completes Enrollment in COVALENT-211 Trial for T2D

Biomea Fusion Reports Narrowed Loss in Q2 2026

Biomea Fusion Presents New Clinical Data for Icovamenib at ADA

Biomea Fusion Q1 Earnings Beat Expectations

Biomea Fusion Completes Chronic Toxicology Studies for Icovamenib
Biomea Fusion, Inc. is a clinical-stage biopharmaceutical company focused on the discovery and development of oral small molecule therapies, including icovamenib and BMF-650, for diabetes and obesity, with research activities focused on the biology of metabolic diseases. Its covalent small molecule drug is a synthetic compound that forms a permanent bond with its target protein. The Company’s clinical candidate, icovamenib, is an investigational oral small molecule that reversibly downmodulates menin, a transcriptional regulator involved in beta-cell biology. Its Phase 2 clinical development includes type 1 and type 2 diabetes, obesity, and combination with GLP-1 receptor agonist therapies. The Company’s second product candidate, BMF-650, is an investigational, oral small-molecule glucagon-like peptide-1 receptor agonist (GLP-1 RA), for the treatment of diabetes and obesity. It operates in the Healthcare sector (PHARMACEUTICAL PREPARATIONS industry).
Biomea Fusion Inc is a good buy right now due to its recent positive earnings report showing a narrower loss of $8.33 million in Q2 2026, down from $20.74 million a year prior, and an RSI of 83.516 indicating strong momentum. The current price of $1.73 is significantly below the analyst price target of $7, suggesting a potential upside of over 300%. However, the main risk is the delayed clinical trial results, which could impact investor sentiment.
This page is for research only and is not investment advice. Models can be wrong. Past performance does not guarantee future results.