The following is a summary of the SpringWorks Therapeutics, Inc. (SWTX) Q1 2024 Earnings Call Transcript:

Financial Performance:

• SpringWorks Therapeutics reported revenue of $21 million after the successful U.S. launch of OGSIVEO.

• Operating expenses have increased due to commercial activities supporting OGSIVEO's launch.

• By the end of the first quarter of 2024, the company had $573 million in cash, cash equivalents, and marketable securities.

Business Progress:

• The company has focused on establishing OGSIVEO as a new standard of care for desmoid tumor patients.

• The rollout of mirdametinib for NF1-PN is in progress with prospective approval by 2025.

• Research is being advanced in multiple areas like ovarian granulosis cell tumors, multiple myeloma, MAPK mutant and Hippo mutant solid tumors.

• OGSIVEO is well-received and often preferred over other treatments due to its superior efficacy and tolerability.

• The FDA approved their supplemental NDA for 150-milligram and 100-milligram OGSIVEO tablets, enhancing patient convenience.

• Steady progress is being made in the Phase 2 trial of nirogacestat for ovarian granulosa cell tumors, and the Phase 1 study for SW-682 for cancers with Hippo pathway mutations.

• The European Medicines Agency validated their marketing authorization applications for nirogacestat, making it a potential first approved therapy for desmoid tumors in the EU.

• A rolling NDA submission for mirdametinib is underway, with completion expected by the end of June.

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