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REDWOOD CITY, Calif., Dec. 03, 2024 (GLOBE NEWSWIRE) -- Revolution Medicines, Inc. (Nasdaq: RVMD), a clinical-stage oncology company developing targeted therapies for patients with RAS-addicted cancers, today announced the pricing of 14,130,436 shares of its common stock at a public offering price of $46.00 per share, before underwriting discounts and commissions, and, in lieu of shares of common stock, to certain investors, pre-funded warrants to purchase 2,173,917 shares of common stock at a public offeri ...

REDWOOD CITY, Calif., Dec. 02, 2024 (GLOBE NEWSWIRE) -- Revolution Medicines, Inc. (Nasdaq: RVMD), a clinical-stage oncology company developing targeted therapies for patients with RAS-addicted cancers, today announced that it has commenced an underwritten public offering to sell up to $600.0 million of shares of its common stock. All of the shares of common stock are being offered by Revolution Medicines. In addition, Revolution Medicines intends to grant the underwriters a 30-day option to purchase up to ...

Compelling Phase 1/1b update on RMC-6236 monotherapy in second-line metastatic pancreatic ductal adenocarcinoma supports ongoing Phase 3 RASolute 302 clinical trial Phase 1/1b proof-of-concept for RMC-6236 monotherapy in previously treated non-small cell lung cancer supports Phase 3 RASolve 301 clinical trial expected to be initiated in Q1 2025 Favorable initial safety profile for combination of pembrolizumab with either RMC-6236 or RMC-6291 supports continued evaluation in non-small cell lung cancer Initia ...

REDWOOD CITY, Calif., Nov. 27, 2024 (GLOBE NEWSWIRE) -- Revolution Medicines, Inc. (Nasdaq: RVMD), a clinical-stage oncology company developing targeted therapies for patients with RAS-addicted cancers, today announced that it will host an investor webcast to provide clinical updates from its RAS(ON) inhibitor portfolio. The webcast will take place at 8:00 a.m. Eastern Time on Monday, December 2, 2024. To access the webcast, click here. An archived replay will be available on the “Events & Presentations” p ...

Financial Data and Key Metrics Changes - The company ended Q3 2024 with $1.55 billion in cash and investments, projected to fund operations into 2027 [19] - R&D expenses for Q3 2024 were $151.8 million, up from $107.7 million in Q3 2023, primarily due to increased clinical trial expenses and personnel costs [20] - G&A expenses for Q3 2024 were $24.0 million, compared to $15.5 million in Q3 2023, driven by personnel costs and commercial preparation activities [21] - The net loss for Q3 2024 was $156.3 million, compared to $108.4 million in Q3 2023, attributed to higher operating expenses [21] - The company reiterated its 2024 financial guidance, expecting a full-year GAAP net loss between $560 million and $600 million [22] Business Line Data and Key Metrics Changes - The company is focused on three RAS(ON) inhibitors: RMC-6236, RMC-6291, and RMC-9805, with significant progress reported in clinical trials [6][7] - RMC-6236 showed a median progression-free survival (PFS) of 8.5 months and overall survival (OS) of 14.5 months in previously treated metastatic pancreatic ductal adenocarcinoma (PDAC) patients [13] - RMC-9805 demonstrated a 30% objective response rate and an 80% disease control rate in patients treated with 1,200 milligrams daily [16] Market Data and Key Metrics Changes - The company is advancing its pipeline in high unmet need cancers, particularly pancreatic cancer and non-small cell lung cancer [29] - The company anticipates upcoming disclosures for RMC-6236 and RMC-6291 in non-small cell lung cancer, with plans to initiate a Phase 3 study in early 2025 [18][19] Company Strategy and Development Direction - The company aims to revolutionize treatment for RAS-addicted cancers through innovative targeted medicines [5] - The strategic development priorities for 2024 include advancing RMC-6236 into pivotal trials and expanding its use into earlier lines of therapy [6][7] - The company is exploring new combinations for RMC-6236 and RMC-9805 to inform future pivotal studies [9] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the potential of RMC-6236 to become a new standard of care in PDAC if current results are replicated in ongoing studies [23] - The initial data for RMC-9805 is encouraging, with management recognizing the need for further data maturation to clarify optimal development strategies [24] - The company remains well-capitalized to advance its pipeline and is committed to improving outcomes for patients with RAS-addicted cancers [29] Other Important Information - The company has achieved proof-of-concept for three distinct oral inhibitors targeting the RAS(ON) protein state, marking a significant milestone [25] - The company is actively collaborating with Tango Therapeutics to evaluate combinations of RMC-6236 and RMC-9805 with their PRMT5 inhibitor [45] Q&A Session Summary Question: What should be looked for in the combination data sets? - Management highlighted the focus on safety signals, particularly hepatotoxicity, in the pembrolizumab studies, while looking for qualitative evidence of efficacy in the RAS(ON) inhibitor doublet study [32] Question: Can you remind us of the patient background in the RAS(ON) inhibitor doublet combination study? - The study includes patients with KRAS-G12C bearing tumors across various solid tumor types and treatment backgrounds [38] Question: What are the items needed for FDA alignment before the Phase 3 lung cancer study? - Management indicated that the timing for the Phase 3 lung cancer trial was pushed out due to the need for regulatory alignment on study details [41] Question: Can you provide details on the clinical collaboration with Tango Therapeutics? - Management stated that they cannot provide further details beyond what Tango reported, but they are excited about the collaboration [45] Question: What is the strategy for moving forward with novel combinations? - Management expects to pursue multiple collaboration opportunities for RMC-6236, prioritizing studies that combine it with other RAS(ON) inhibitors and standard therapies [51] Question: What is the cash runway guidance based on? - The cash runway guidance includes costs for two Phase 3 second-line studies and uses a probability-adjusted model for additional programs [59] Question: Are there plans for triplet combinations involving RMC-6236? - Management confirmed that they are exploring combinations of RMC-6236 with pembrolizumab and chemotherapy, with plans to initiate these studies sequentially [62] Question: How does the company view the potential for first-line PDAC studies? - Management indicated that they will move into first-line studies as soon as the regimen is optimized, believing that the second-line data supports this approach [73]

Exhibit 99.1 Revolution Medicines Reports Third Quarter 2024 Financial Results and Update on Corporate Progress Phase 3 pivotal trial underway evaluating RMC-6236 in patients with metastatic pancreatic ductal adenocarcinoma (PDAC), supported by compelling clinical profile First clinical results for RMC-9805, a RAS(ON) G12D-selective inhibitor, demonstrate encouraging safety, tolerability and antitumor activity in patients with PDAC harboring a KRAS G12D mutation Company on track to provide update on lung ca ...

Phase 3 pivotal trial underway evaluating RMC-6236 in patients with metastatic pancreatic ductal adenocarcinoma (PDAC), supported by compelling clinical profile First clinical results for RMC-9805, a RAS(ON) G12D-selective inhibitor, demonstrate encouraging safety, tolerability and antitumor activity in patients with PDAC harboring a KRAS G12D mutation Company on track to provide update on lung cancer programs in the fourth quarter of 2024 Revolution Medicines to hold webcast today at 4:30 p.m. Eastern Time ...

REDWOOD CITY, Calif., Nov. 05, 2024 (GLOBE NEWSWIRE) -- Revolution Medicines, Inc. (Nasdaq: RVMD), a clinical-stage oncology company developing targeted therapies for RAS-addicted cancers, today announced that Mark A. Goldsmith, M.D., Ph.D., the company’s chief executive officer and chairman, will be a featured speaker at Guggenheim's Inaugural Healthcare Innovation Conference and the UBS Global Healthcare Conference. Details of the company’s participation are as follows: Guggenheim's Inaugural Healthcare I ...

First clinical results for RMC-9805, a RAS(ON) G12D-selective inhibitor, demonstrate encouraging tolerability and antitumor activity in patients with PDAC Investor webcast to be held Friday, October 25 at 12:00 p.m. Eastern Time (ET) REDWOOD CITY, Calif., Oct. 25, 2024 (GLOBE NEWSWIRE) -- Revolution Medicines, Inc. (Nasdaq: RVMD), a clinical-stage oncology company developing targeted therapies for RAS-addicted cancers, today announced preliminary safety and antitumor data for RMC-9805, its RAS(ON) G12D-sele ...