40th Annual J.P. Morgan Healthcare Conference Saqib Islam, Chief Executive Officer January 11, 2022 六 SpringW Forward-Looking Statements Note: Unless otherwise indicated, the information presented herein is as of January 2022 and made publicly available on January 11, 2022. This presentation may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 relating to our business, operations, and financial conditions, including but not limited to current be ...

PART I – FINANCIAL INFORMATION [Item 1. Financial Statements (unaudited)](index=6&type=section&id=Item%201.%20Financial%20Statements%20%28unaudited%29) The unaudited financial statements for Q3 2021 show a net loss of $117.8 million, an increase from $56.8 million in Q3 2020, with total assets decreasing [Condensed Consolidated Balance Sheets](index=6&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of September 30, 2021, total assets decreased to $495.3 million from $576.2 million, primarily due to reduced cash and marketable securities, while total liabilities increased and equity decreased Condensed Consolidated Balance Sheet Highlights (in thousands) | Balance Sheet Item | Sep 30, 2021 (Unaudited) | Dec 31, 2020 | | :--- | :--- | :--- | | Cash and cash equivalents | $93,852 | $147,089 | | Marketable securities (Current & Long-term) | $386,791 | $414,731 | | **Total assets** | **$495,275** | **$576,191** | | Accrued expenses | $24,344 | $14,885 | | **Total liabilities** | **$28,597** | **$19,133** | | **Total stockholders' equity** | **$466,678** | **$557,058** | [Condensed Consolidated Statements of Operations](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) For the nine months ended September 30, 2021, net loss increased to $117.8 million from $56.8 million, driven by a significant rise in R&D and G&A expenses Statement of Operations Highlights (in thousands, except per-share data) | Metric | Nine Months Ended Sep 30, 2021 | Nine Months Ended Sep 30, 2020 | | :--- | :--- | :--- | | Research and development | $72,332 | $36,597 | | General and administrative | $45,340 | $20,946 | | **Total operating expenses** | **$117,672** | **$57,543** | | **Loss from operations** | **($117,672)** | **($57,543)** | | **Net loss** | **($117,838)** | **($56,846)** | | **Net loss per share, basic and diluted** | **($2.43)** | **($1.35)** | [Condensed Consolidated Statements of Cash Flows](index=10&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Net cash used in operating activities increased to $81.6 million for the nine months ended September 30, 2021, while investing activities provided cash, reversing prior year's usage Cash Flow Summary (in thousands) | Activity | Nine Months Ended Sep 30, 2021 | Nine Months Ended Sep 30, 2020 | | :--- | :--- | :--- | | Net cash used in operating activities | ($81,561) | ($47,257) | | Net cash provided by (used in) investing activities | $27,411 | ($196,051) | | Net cash provided by financing activities | $913 | $512 | | **Net decrease in cash and cash equivalents** | **($53,237)** | **($242,796)** | [Notes to Condensed Consolidated Financial Statements](index=11&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) The notes detail the company's clinical-stage operations, accumulated deficit of $236.4 million, and $480.6 million in cash, sufficient for twelve months, alongside key expenses - The company is a clinical-stage biopharmaceutical company with a portfolio including late-stage candidates **nirogacestat** and **mirdametinib**[31](index=31&type=chunk) - As of September 30, 2021, the company had an accumulated deficit of **$236.4 million** and cash, cash equivalents, and marketable securities of **$480.6 million**, expected to fund operations for at least the next twelve months[32](index=32&type=chunk)[33](index=33&type=chunk) - In May 2021, the company made an **$11 million** upfront payment for an exclusive worldwide license to a portfolio of TEAD family inhibitors, recorded as R&D expense[52](index=52&type=chunk) - Total stock-based compensation expense for the nine months ended September 30, 2021 was **$26.6 million**, a significant increase from **$7.0 million** in the same period of 2020[69](index=69&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=18&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses the company's focus on rare diseases and cancer, highlighting lead candidates, increased operating expenses, and a net loss of $117.8 million, with sufficient cash to fund operations through 2022 - The company is advancing two lead product candidates: **nirogacestat** for desmoid tumors (Phase 3 DeFi trial) and **mirdametinib** for NF1-PN (Phase 2b ReNeu trial)[75](index=75&type=chunk)[76](index=76&type=chunk) - Recent developments include a license agreement for a TEAD inhibitor portfolio, and clinical collaborations with Seagen, St Jude, MSK, and Dana-Farber to evaluate nirogacestat and mirdametinib in various combinations and indications[81](index=81&type=chunk)[82](index=82&type=chunk)[84](index=84&type=chunk)[85](index=85&type=chunk)[86](index=86&type=chunk) - The company believes its cash, cash equivalents, and marketable securities of **$480.6 million** as of September 30, 2021, will be sufficient to fund operations through at least 2022[90](index=90&type=chunk)[111](index=111&type=chunk) [Results of Operations](index=22&type=section&id=Results%20of%20Operations) For the nine months ended September 30, 2021, R&D expenses increased by 98% to $72.3 million, and G&A expenses rose 116% to $45.3 million, driven by various cost increases Comparison of Nine Months Ended September 30, 2021 and 2020 (in thousands) | Item | 2021 | 2020 | $ Change | % Change | | :--- | :--- | :--- | :--- | :--- | | Research and development | $72,332 | $36,597 | $35,735 | 98% | | General and administrative | $45,340 | $20,946 | $24,394 | 116% | | **Total operating expenses** | **$117,672** | **$57,543** | **$60,129** | **104%** | | **Net loss** | **($117,838)** | **($56,846)** | **($60,992)** | **107%** | - The increase in R&D expense for the nine months ended Sep 30, 2021 was driven by higher internal costs (**$13.3M**), a nonrefundable upfront payment for the TEAD inhibitor program (**$11.0M**), and increased external costs for drug manufacturing and trials (**$11.2M**)[106](index=106&type=chunk) - The increase in G&A expense was primarily due to hiring additional personnel, increased stock-based compensation, and a **$4.7 million** increase in IT, consulting, and professional services[108](index=108&type=chunk) [Liquidity and Capital Resources](index=23&type=section&id=Liquidity%20and%20Capital%20Resources) The company has an accumulated deficit of $236.4 million and used $81.6 million in cash from operations, but its $480.6 million in liquidity is expected to fund operations through 2022 - As of September 30, 2021, the company had **$480.6 million** in cash, cash equivalents, and marketable securities[218](index=218&type=chunk) - Net cash used in operating activities was **$81.6 million** for the nine months ended September 30, 2021, compared to **$47.3 million** for the same period in 2020[113](index=113&type=chunk) - Future funding requirements depend on factors including clinical trial progress, regulatory outcomes, commercial-scale manufacturing costs, and potential in-licensing activities[117](index=117&type=chunk)[124](index=124&type=chunk) [Quantitative and Qualitative Disclosure About Market Risk](index=27&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosure%20About%20Market%20Risk) The company's primary market risk is interest rate sensitivity on its $480.6 million cash and marketable securities, which are high-quality, short-term investments, limiting material impact from rate changes - The company is exposed to market risks, primarily interest rate sensitivities, on its portfolio of cash, cash equivalents, and marketable securities totaling **$480.6 million**[131](index=131&type=chunk) - The company aims to preserve capital and ensure liquidity by investing in high-quality, highly liquid debt securities with short-term maturities, minimizing the impact of interest rate fluctuations[131](index=131&type=chunk) [Controls and Procedures](index=28&type=section&id=Item%204.%20Controls%20and%20Procedures) Management, including the CEO and CFO, concluded that disclosure controls and procedures were effective as of September 30, 2021, with no material changes to internal control over financial reporting during the quarter - The CEO and CFO concluded that the company's disclosure controls and procedures were effective as of the end of the period covered by the report[133](index=133&type=chunk) - No material changes to the company's internal control over financial reporting occurred during the quarter[134](index=134&type=chunk) PART II. OTHER INFORMATION [Legal Proceedings](index=29&type=section&id=Item%201.%20Legal%20Proceedings) The company is not currently a party to any material legal proceedings, though it may be involved in various claims in the ordinary course of business - As of the report date, the company is not a party to any material legal proceedings[136](index=136&type=chunk) [Risk Factors](index=29&type=section&id=Item%201A.%20Risk%20Factors) The company faces numerous risks, including heavy dependence on lead product candidates, uncertainties in clinical development, reliance on third parties, intellectual property issues, and the need for additional capital [Risks related to research and development](index=32&type=section&id=Risks%20related%20to%20our%20research%20and%20development) The company's success depends heavily on its lead candidates, with risks including clinical trial failures, non-predictive interim data, patient enrollment delays, and challenges in developing combination therapies - The business is highly dependent on the success of its lead product candidates, **nirogacestat** and **mirdametinib**, where failure to complete clinical development or obtain regulatory approval would materially harm the business[147](index=147&type=chunk) - Interim "topline" and preliminary data from clinical trials may change as more data becomes available and are not necessarily predictive of final results[153](index=153&type=chunk) - The company plans to develop its product candidates in combination with other therapies, and safety or supply issues with these combination products could delay or prevent development and approval[156](index=156&type=chunk) [Risks related to our reliance on third parties](index=36&type=section&id=Risks%20related%20to%20our%20reliance%20on%20third%20parties) The company relies on third parties for preclinical studies, clinical trials, and all manufacturing, creating risks related to quality control, supply interruptions, and regulatory compliance - The company relies on third parties (CROs, investigators) to conduct preclinical studies and clinical trials, and their failure to perform could prevent regulatory approval[166](index=166&type=chunk) - The company depends on third-party manufacturers for all preclinical and clinical supplies and has not yet arranged for commercial-scale manufacturing, where non-compliance could halt development[173](index=173&type=chunk)[177](index=177&type=chunk) - Existing and future collaborations are important, but partners have significant discretion and may not perform as expected, potentially delaying or terminating programs[181](index=181&type=chunk)[182](index=182&type=chunk) [Risks related to our intellectual property](index=41&type=section&id=Risks%20related%20to%20our%20intellectual%20property) The company depends on licensed intellectual property, including from Pfizer, where license termination or non-compliance with obligations would severely harm the business - The company is dependent on intellectual property licensed from third parties, including **Pfizer**, for its lead product candidates, where termination of these licenses would severely harm the business[187](index=187&type=chunk) - Failure to comply with obligations under its patent license agreements could result in the loss of important rights[191](index=191&type=chunk) [Risks related to government regulation](index=42&type=section&id=Risks%20related%20to%20government%20regulation) The company's Orphan Drug Designation may not be maintained, and manufacturing in China and India exposes it to risks from trade disputes, political unrest, or operational disruptions - The company has Orphan Drug Designation for **nirogacestat** and **mirdametinib** but may be unable to maintain it or the associated market exclusivity benefits[193](index=193&type=chunk) - Manufacturing of lead product candidates in China and India exposes the company to risks from trade wars, political unrest, and operational disruptions that could adversely affect its business[199](index=199&type=chunk) [Risks related to managing our business and operations](index=43&type=section&id=Risks%20related%20to%20our%20business%20and%20operations) The company faces challenges in managing organizational growth, building commercialization capabilities, and successfully in-licensing new product candidates, with operations concentrated in two locations - The company will need to grow its organization and may experience difficulties managing this growth, including recruiting and integrating new personnel[200](index=200&type=chunk) - The company has no history of commercializing products and is investing significantly to build these capabilities, with no assurance of success[204](index=204&type=chunk) - The growth strategy depends on in-licensing or acquiring new product candidates, which is a competitive and uncertain process[205](index=205&type=chunk) [Risks related to our financial position and need for additional capital](index=45&type=section&id=Risks%20related%20to%20our%20financial%20position%20and%20need%20for%20additional%20capital) The company has a history of significant net losses and will require substantial additional capital, which may cause dilution or require relinquishing valuable rights - The company has incurred significant net losses since inception (**$236.4M** accumulated deficit as of Sep 30, 2021) and anticipates these will continue[211](index=211&type=chunk)[212](index=212&type=chunk) - The company will require additional capital to fund operations, and failure to obtain it could force delays or discontinuation of development programs[218](index=218&type=chunk) - Raising additional capital may cause dilution to stockholders, restrict operations, or require relinquishing rights to technologies or product candidates[220](index=220&type=chunk) [Risks related to our common stock](index=49&type=section&id=Risks%20related%20to%20our%20common%20stock) The company does not intend to pay dividends, and significant control by principal stockholders, along with anti-takeover provisions, could limit stockholder influence and judicial forum choices - The company does not intend to pay dividends, so any returns will be limited to the appreciation of the stock's value[223](index=223&type=chunk) - Principal stockholders and management own approximately **51.9%** of the stock (as of Sep 30, 2021) and can exert significant control over matters requiring stockholder approval[224](index=224&type=chunk) - Bylaws designate the Court of Chancery of Delaware and the U.S. District Court for the District of Connecticut as exclusive forums for certain legal disputes, which could limit stockholders' ability to choose a favorable judicial forum[228](index=228&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=87&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company reported no unregistered sales of equity securities during the period - None[389](index=389&type=chunk) [Exhibits](index=87&type=section&id=Item%206.%20Exhibits) This section provides an index of exhibits filed with the Form 10-Q, including certifications by officers and XBRL data files - The exhibit index lists all documents filed with or incorporated by reference into the report, including officer certifications and XBRL data[394](index=394&type=chunk)

Table of Contents (Exact name of registrant as specified in its charter) __________________________________ UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ____________________________________________________ FORM 10-Q ____________________________________________________ x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED June 30, 2021 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ...

[PART I – FINANCIAL INFORMATION](index=6&type=section&id=PART%20I%20%E2%80%93%20FINANCIAL%20INFORMATION) This section provides the unaudited condensed consolidated financial statements and management's discussion and analysis for the three months ended March 31, 2021 [Item 1. Financial Statements](index=6&type=section&id=Item%201.%20Financial%20Statements) This section presents the unaudited condensed consolidated financial statements for SpringWorks Therapeutics, Inc. for the three-month period ended March 31, 2021 [Condensed Consolidated Balance Sheets](index=6&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) This statement provides a snapshot of the company's assets, liabilities, and equity as of March 31, 2021, and December 31, 2020 Condensed Consolidated Balance Sheet Highlights (in thousands) | Account | March 31, 2021 | December 31, 2020 | | :--- | :--- | :--- | | Cash and cash equivalents | $95,426 | $147,089 | | Marketable securities | $445,616 | $414,731 | | **Total Assets** | **$554,588** | **$576,191** | | Total current liabilities | $18,729 | $17,610 | | **Total Liabilities** | **$19,891** | **$19,133** | | **Total Stockholders' Equity** | **$534,697** | **$557,058** | [Condensed Consolidated Statements of Operations](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) This statement details the company's revenues, expenses, and net loss for the three months ended March 31, 2021, and 2020 Statement of Operations (in thousands, except per-share data) | Metric | Three Months Ended Mar 31, 2021 | Three Months Ended Mar 31, 2020 | | :--- | :--- | :--- | | Research and development | $17,375 | $9,727 | | General and administrative | $12,381 | $6,403 | | **Total operating expenses** | **$29,756** | **$16,130** | | Loss from operations | ($29,756) | ($16,130) | | **Net loss** | **($29,787)** | **($15,294)** | | Net loss per share, basic and diluted | ($0.62) | ($0.37) | [Condensed Consolidated Statements of Comprehensive Loss](index=8&type=section&id=Condensed%20Consolidated%20Statements%20of%20Comprehensive%20Loss) This statement presents the net loss and other comprehensive income/loss components for the three months ended March 31, 2021, and 2020 Comprehensive Loss (in thousands) | Metric | Three Months Ended Mar 31, 2021 | Three Months Ended Mar 31, 2020 | | :--- | :--- | :--- | | Net loss | ($29,787) | ($15,294) | | Unrealized gain on marketable securities, net | $12 | $0 | | **Comprehensive loss** | **($29,775)** | **($15,294)** | [Condensed Consolidated Statements of Stockholders' Equity](index=9&type=section&id=Condensed%20Consolidated%20Statements%20of%20Stockholders'%20Equity) This statement outlines changes in stockholders' equity, including net loss and stock-based compensation, for the three months ended March 31, 2021 - Total stockholders' equity decreased from **$557.1 million** at December 31, 2020, to **$534.7 million** at March 31, 2021, primarily due to the **$29.8 million net loss**, partially offset by **$7.1 million** in stock-based compensation expense[23](index=23&type=chunk) [Condensed Consolidated Statements of Cash Flows](index=10&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) This statement summarizes cash inflows and outflows from operating, investing, and financing activities for the three months ended March 31, 2021, and 2020 Cash Flow Summary (in thousands) | Activity | Three Months Ended Mar 31, 2021 | Three Months Ended Mar 31, 2020 | | :--- | :--- | :--- | | Net cash used in operating activities | ($21,104) | ($16,398) | | Net cash used in investing activities | ($30,918) | ($160) | | Net cash provided by financing activities | $359 | $6 | | **Net decrease in cash and cash equivalents** | **($51,663)** | **($16,552)** | [Notes to Condensed Consolidated Financial Statements](index=11&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) This section provides detailed explanations and disclosures supporting the condensed consolidated financial statements - The company is a clinical-stage biopharmaceutical firm focused on rare diseases and cancer, with two late-stage product candidates: nirogacestat and mirdametinib[29](index=29&type=chunk) - As of March 31, 2021, the company had an accumulated deficit of **$148.4 million** and estimates its **$541.0 million** in cash, cash equivalents, and marketable securities are sufficient to fund operations for at least twelve months[30](index=30&type=chunk)[31](index=31&type=chunk) - The company holds a **38.9%** ownership interest in MapKure, a variable interest entity, and recorded an equity loss of **$0.3 million** for the quarter[49](index=49&type=chunk)[50](index=50&type=chunk)[53](index=53&type=chunk) - Stock-based compensation expense for Q1 2021 was **$7.1 million** (**$4.8 million** in G&A and **$2.3 million** in R&D), a significant increase from **$1.4 million** in Q1 2020[65](index=65&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=17&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses the company's financial performance for Q1 2021, highlighting key clinical program advancements and the resulting increase in operating expenses [Overview](index=17&type=section&id=Overview) This overview highlights the company's strategic focus on advancing its lead product candidates and key clinical milestones - The company is advancing two lead product candidates, nirogacestat and mirdametinib, in potentially registrational trials for desmoid tumors and NF1-PN respectively[70](index=70&type=chunk)[71](index=71&type=chunk)[72](index=72&type=chunk) - Key clinical milestones include full enrollment of the Phase 3 DeFi trial for nirogacestat, with topline data expected in the second half of 2021, and the ongoing Phase 2b ReNeu trial for mirdametinib[71](index=71&type=chunk)[72](index=72&type=chunk) - Nirogacestat is also being developed in combination with BCMA-directed therapies for multiple myeloma through industry collaborations[73](index=73&type=chunk) [Results of Operations](index=20&type=section&id=Results%20of%20Operations) This section analyzes the financial results for the three months ended March 31, 2021, focusing on changes in operating expenses and net loss Comparison of Operating Results (in thousands) | Metric | Q1 2021 | Q1 2020 | $ Change | % Change | | :--- | :--- | :--- | :--- | :--- | | Research and development | $17,375 | $9,727 | $7,648 | 79% | | General and administrative | $12,381 | $6,403 | $5,978 | 93% | | **Total operating expenses** | **$29,756** | **$16,130** | **$13,626** | **84%** | | **Net loss** | **($29,787)** | **($15,294)** | **($14,493)** | **95%** | - The **79%** increase in R&D expense was driven by a **$4.7 million** increase in external drug manufacturing and trial costs and a **$2.9 million** increase in internal employee-related costs[85](index=85&type=chunk)[86](index=86&type=chunk) - The **93%** increase in G&A expense was primarily due to additional personnel hiring and increased stock-based compensation as operations expanded[88](index=88&type=chunk) [Liquidity and Capital Resources](index=21&type=section&id=Liquidity%20and%20Capital%20Resources) This section assesses the company's financial resources, including cash position and its ability to fund future operations - The company had cash, cash equivalents, and marketable securities totaling **$541.0 million** as of March 31, 2021[91](index=91&type=chunk) - Management estimates the current liquidity position is sufficient to fund operating expenses through at least **2022**[77](index=77&type=chunk)[91](index=91&type=chunk) - Net cash used in operating activities was **$21.1 million** for the three months ended March 31, 2021, compared to **$16.4 million** for the same period in 2020[92](index=92&type=chunk)[93](index=93&type=chunk) [Item 3. Quantitative and Qualitative Disclosure About Market Risk](index=24&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosure%20About%20Market%20Risk) The company's primary market risk exposure is to interest rate fluctuations on its portfolio of cash, cash equivalents, and marketable securities - The company's primary market risk is interest rate sensitivity on its cash, cash equivalents, and marketable securities, totaling **$541.0 million** as of March 31, 2021[109](index=109&type=chunk) - The portfolio consists of highly liquid money market funds and high-quality available-for-sale debt securities, with short-term maturities limiting material impact from interest rate changes[109](index=109&type=chunk)[110](index=110&type=chunk) [Item 4. Controls and Procedures](index=25&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that the company's disclosure controls and procedures were effective as of March 31, 2021, with no material changes in internal control over financial reporting - The company's management, with the participation of the CEO and CFO, concluded that disclosure controls and procedures were effective as of the end of the reporting period[111](index=111&type=chunk) - There were no material changes in internal control over financial reporting during the quarter[112](index=112&type=chunk) [PART II. OTHER INFORMATION](index=26&type=section&id=PART%20II.%20OTHER%20INFORMATION) This section provides additional information including legal proceedings, risk factors, equity sales, and exhibits [Item 1. Legal Proceedings](index=26&type=section&id=Item%201.%20Legal%20Proceedings) This section states that SpringWorks Therapeutics is not currently a party to any material legal proceedings - As of the filing date, the company is not a party to any material legal proceedings[114](index=114&type=chunk) [Item 1A. Risk Factors](index=26&type=section&id=Item%201A.%20Risk%20Factors) This section details significant risks facing the company, including dependency on lead product candidates, reliance on third parties, intellectual property, regulatory challenges, and financial needs [Risks Related to Research and Development](index=29&type=section&id=Risks%20Related%20to%20Research%20and%20Development) This section outlines risks associated with the clinical development and regulatory approval of the company's product candidates - The company's business is highly dependent on the success of its lead product candidates, nirogacestat and mirdametinib, with failure to commercialize them materially harming the business[118](index=118&type=chunk)[123](index=123&type=chunk) - Interim and preliminary clinical trial data, such as the ReNeu trial update, may change and are not necessarily predictive of final results[129](index=129&type=chunk) - Developing product candidates in combination with other therapies introduces risks related to safety or supply issues of those combination products[132](index=132&type=chunk) [Risks Related to Reliance on Third Parties](index=33&type=section&id=Risks%20Related%20to%20Reliance%20on%20Third%20Parties) This section addresses risks arising from the company's dependence on third-party organizations for clinical trials, manufacturing, and collaborations - The company relies on third-party contract research organizations (CROs) for clinical trials and third-party manufacturers for all preclinical and clinical product supplies[142](index=142&type=chunk)[149](index=149&type=chunk) - Dependency on a small number of suppliers for materials and a single company for the API of each lead product candidate poses significant supply risks[155](index=155&type=chunk) - Unsuccessful or terminated collaborations, which are critical to the business, could adversely affect operations[157](index=157&type=chunk) [Risks Related to Intellectual Property](index=38&type=section&id=Risks%20Related%20to%20Intellectual%20Property) This section covers risks concerning the company's intellectual property, particularly its reliance on licensed patents and their expiration dates - The company depends on intellectual property licensed from third parties, including Pfizer, for its lead product candidates, and license termination would result in significant rights loss[163](index=163&type=chunk) - Key U.S. composition of matter patents are nearing expiration, with mirdametinib's patent expiring in **2021** and nirogacestat's in **2025**[238](index=238&type=chunk) [Risks Related to Government Regulation](index=39&type=section&id=Risks%20Related%20to%20Government%20Regulation) This section details regulatory and geopolitical risks, including manufacturing in China and India, approval process delays, and healthcare reforms - Manufacturing a portion of lead product candidates in China and India exposes the company to risks from trade wars, political unrest, or supply disruptions[175](index=175&type=chunk) - The lengthy and unpredictable regulatory approval process, potentially delayed by COVID-19 impacts on FDA inspections, poses significant challenges[271](index=271&type=chunk)[275](index=275&type=chunk) - Ongoing and future healthcare legislative reforms, especially those targeting drug prices, could negatively impact coverage, reimbursement, and profitability[306](index=306&type=chunk)[307](index=307&type=chunk) [Risks Related to Managing Business and Operations](index=40&type=section&id=Risks%20Related%20to%20Managing%20Business%20and%20Operations) This section addresses operational challenges, including the impact of the COVID-19 pandemic, building commercialization capabilities, and managing organizational growth - The COVID-19 pandemic could adversely impact business operations, causing delays in clinical trial enrollment, site initiation, and supply chain disruptions[331](index=331&type=chunk) - As a company with no commercialization history, building these capabilities requires significant investment and time with no guarantee of success[180](index=180&type=chunk) - The company will need to grow its organization and may experience difficulties in managing this growth, imposing significant responsibilities on management[176](index=176&type=chunk)[177](index=177&type=chunk) [Risks Related to Financial Position and Need for Additional Capital](index=42&type=section&id=Risks%20Related%20to%20Financial%20Position%20and%20Need%20for%20Additional%20Capital) This section highlights financial risks, including a history of net losses, the need for additional capital, and potential dilution from future fundraising - The company has a history of significant net losses, with an accumulated deficit of **$148.4 million** as of March 31, 2021, and anticipates continued losses[187](index=187&type=chunk)[188](index=188&type=chunk) - Additional capital will be required to fund operations and complete the development and commercialization of its product candidates[194](index=194&type=chunk) - Raising additional capital may cause dilution to existing stockholders, restrict operations, or require relinquishing rights to technologies or product candidates[196](index=196&type=chunk) [Risks Related to Common Stock](index=46&type=section&id=Risks%20Related%20to%20Common%20Stock) This section discusses risks associated with the company's common stock, including significant control by principal stockholders and potential stock price volatility - As of March 31, 2021, principal stockholders and management beneficially owned approximately **54.8%** of outstanding stock, allowing significant control over stockholder approval matters[200](index=200&type=chunk) - The stock price is likely to be highly volatile due to factors such as clinical trial results, regulatory decisions, and broader market fluctuations[354](index=354&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=83&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) This section indicates that there were no unregistered sales of equity securities during the period covered by the report - None[370](index=370&type=chunk) [Item 3. Defaults Upon Senior Securities](index=84&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) This section indicates that there were no defaults upon senior securities during the period - None[371](index=371&type=chunk) [Item 4. Mine Safety Disclosures](index=84&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This section is not applicable to the company - None[372](index=372&type=chunk) [Item 5. Other Information](index=84&type=section&id=Item%205.%20Other%20Information) This section indicates there is no other information to report for the period - None[373](index=373&type=chunk) [Item 6. Exhibits](index=84&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed with the Form 10-Q, including corporate governance documents and required certifications - The report includes standard corporate governance documents and required CEO/CFO certifications under Sections 302 and 906 of the Sarbanes-Oxley Act[374](index=374&type=chunk)

☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K For the fiscal year ended December 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-39044 SPRINGWORKS THERAPEUTICS, INC. (Exact name of registrant as specified in its charter) (State of Other Jurisdiction of incorporation or Organization) (I.R ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ⌧ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED September 30, 2020 OR ◻ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM _ TO _ COMMISSION FILE NUMBER 001-39044 SPRINGWORKS THERAPEUTICS, INC. (Exact name of registrant as specified in its charter) Delaware 83-4066827 (State or other jur ...

次 Springl Corporate Presentation August 2020 NASDAQ: SWTX | --- | --- | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ⌧ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED June 30, 2020 OR ◻ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM _ TO _ COMMISSION FILE NUMBER 001-39044 SPRINGWORKS THERAPEUTICS, INC. (Exact name of registrant as specified in its charter) Delaware 83-4066827 (State or other jurisdic ...

次 Spring 41st Annual Goldman Sachs Healthcare Conference Saqib Islam, Chief Executive Officer June 9, 2020 NASDAQ: SWTX | --- | --- | |----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED March 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM _ TO _ COMMISSION FILE NUMBER 001-39044 SPRINGWORKS THERAPEUTICS, INC. (Exact name of registrant as specified in its charter) Delaware 83-4066827 (State or other jurisdi ...