• BDTX-1535: An investigational drug candidate for non-small cell lung cancer (NSCLC) and glioblastoma (GBM), designed to target specific epidermal growth factor receptor (EGFR) mutations.
• BDTX-4933: An investigational drug candidate targeting mutations in fibroblast growth factor receptors (FGFR) 2 and 3 for the treatment of various solid tumors.

Black Diamond Therapeutics (BDTX) is a clinical-stage oncology company. As such, it does not have products approved for commercial sale to individuals or healthcare providers. Its revenue generation primarily stems from collaboration agreements with other companies rather than direct product sales.

Based on recent financial disclosures, Black Diamond Therapeutics' major customer in terms of collaboration revenue is:

• Merck KGaA, Darmstadt, Germany (Symbol: MRK.DE on the Frankfurt Stock Exchange)

Mark A. Velleca, M.D., Ph.D. Chief Executive Officer; Chairman; President

Mark A. Velleca was appointed Chief Executive Officer, President, and Chairman in September 2023. Prior to joining Black Diamond Therapeutics, he served as the Chief Executive Officer of G1 Therapeutics Inc., where he successfully led the company through its initial public offering and the development and FDA approval of its first therapy, COSELA®. Dr. Velleca also co-founded and served as Senior Vice President of CGI Pharmaceuticals, Inc., managing the company from its inception through clinical trials of multiple drug candidates, and later served as a Senior Advisor to Gilead Sciences after CGI's acquisition. His career also includes roles as Executive Vice President and Chief Policy & Advocacy Officer of the Leukemia and Lymphoma Society, CEO of StrideBio, a gene therapy company, and Venture Partner at Hatteras Venture Partners.

Erika Jones Principal Financial Officer

Erika Jones was appointed Principal Financial Officer in October 2024 as part of a corporate restructuring. Previously, she held the position of Senior Vice President of Finance and Principal Accounting Officer at Black Diamond Therapeutics.

Elizabeth Buck, Ph.D. Chief Scientific Officer; Co-Founder

Elizabeth Buck has been the Chief Scientific Officer and Co-Founder of Black Diamond Therapeutics since 2021. She co-founded the company with David M. Epstein, Ph.D. Her prior experience includes serving as Assistant Director of Advanced Preclinical Pharmacology at OSI Pharmaceuticals, Global Director of Resource Management at IQVIA Consulting Services, and a Senior Manager at Boston Scientific Corporation.

Brent Hatzis Schoch Chief Operating Officer; General Counsel

Brent Hatzis Schoch has served as Chief Operating Officer and General Counsel of Black Diamond Therapeutics since 2019. Before joining Black Diamond, he was the Senior Vice President, General Counsel, and Corporate Secretary at Radius Health Inc. Mr. Schoch also held positions as Senior Vice President and Chief Legal Counsel at Merz Pharma GmbH & Co KGaA.

Sergey Yurasov, M.D., Ph.D. Chief Medical Officer

Sergey Yurasov has been the Chief Medical Officer of Black Diamond Therapeutics since 2022. His previous roles include serving as Chief Medical Officer at Nuvation Bio and as Chief Medical Officer and Senior Vice President of Clinical Development at Immune Design Corp. He also served as Senior Vice President of Clinical Development at Clovis Oncology.

Black Diamond Therapeutics (BDTX) has two main product candidates, BDTX-1535 and BDTX-4933, for which addressable market sizes can be identified.

• BDTX-1535: This drug candidate targets EGFR-mutant Non-Small Cell Lung Cancer (NSCLC) and Glioblastoma (GBM).
• For EGFR-mutant NSCLC, the global market is estimated to be valued at approximately USD 15.60 billion in 2025.
• For Glioblastoma, the global glioblastoma multiforme treatment market is projected to reach approximately USD 3.9 billion in 2025.
• BDTX-4933: This drug candidate targets solid tumors with KRAS, NRAS, and BRAF alterations.
• The global market size for KRAS inhibitors, which addresses a significant portion of these alterations, is projected to reach approximately USD 557 million in 2025.

1. Successful Clinical Development and Regulatory Approval of Silevertinib (BDTX-1535)
   The primary driver of future revenue growth for Black Diamond Therapeutics is the successful advancement and eventual regulatory approval of its lead oncology asset, silevertinib (BDTX-1535). Silevertinib is currently in Phase 2 trials for EGFR-mutant non-small cell lung cancer (NSCLC) and glioblastoma (GBM). The company anticipates providing key clinical updates, including objective response rate (ORR) and preliminary duration of treatment data for frontline non-classical EGFRm NSCLC patients in the fourth quarter of 2025, with progression-free survival (PFS) data expected in the first half of 2026. Positive trial results and subsequent regulatory feedback are crucial for paving the way to market entry and significant revenue generation.
2. Commercialization and Market Penetration of Silevertinib (BDTX-1535)
   Following potential regulatory approval, the launch and successful commercialization of silevertinib in its target indications, particularly EGFRm NSCLC, will be a significant revenue driver. The company's ability to effectively market and achieve strong adoption of silevertinib among prescribers and patients will directly translate into product sales and revenue growth.
3. Milestone Payments and Royalties from BDTX-4933 Licensing Agreement
   Black Diamond Therapeutics entered into a global licensing agreement with Servier for its BDTX-4933 program. This agreement included an upfront payment, and the company remains eligible for potential future milestone payments and tiered royalties based on the development and commercialization success of BDTX-4933 by Servier. These contingent payments represent a potential, non-dilutive revenue stream for Black Diamond Therapeutics.
4. Strategic Partnerships for Silevertinib's Pivotal Development
   Black Diamond Therapeutics is actively exploring partnership opportunities to support the pivotal development of silevertinib. A successful collaboration could involve upfront payments, development milestones, and potentially co-development or co-commercialization arrangements, which would contribute to future revenue and help de-risk the costly late-stage clinical development process.

Share Issuance

• Black Diamond Therapeutics completed its Initial Public Offering (IPO) on January 30, 2020, raising approximately $201.14 million.
• The company conducted a secondary public offering (SPO) on June 30, 2023, which raised an additional $75 million.
• Through an At-The-Market (ATM) Program that became effective in November 2022 and authorized up to $150 million, Black Diamond Therapeutics sold 4,490,853 shares of its common stock as of September 30, 2024.

Inbound Investments

• In March 2025, Black Diamond Therapeutics entered a global licensing agreement with Servier for BDTX-4933, which included an upfront payment of $70 million.
• The agreement with Servier also makes the company eligible for up to $710 million in potential development and commercial milestone payments, along with tiered royalties on global net sales.

Outbound Investments

• In December 2022, Black Diamond Therapeutics contributed early discovery-stage antibody programs and licensed its MAP drug discovery engine to Revelio Therapeutics, Inc., in exchange for 9,000,000 shares of Revelio common stock.

Capital Expenditures

• Black Diamond Therapeutics reported $0 in capital expenditures over the last 12 months.
• The company's cash, cash equivalents, and investments of approximately $135.5 million as of September 30, 2025, are projected to fund anticipated operating expenses and capital expenditure requirements into the fourth quarter of 2027.
• The primary focus of the company's investment is in research and development, particularly advancing clinical trials for its lead product candidates, BDTX-1535 and silevertinib.