Stock Markets January 26, 2026

Cogent Biosciences Shares Climb After FDA Awards Breakthrough Therapy Designation

Designation based on PEAK trial; company progressing toward NDA submission and additional clinical studies

By Maya Rios COGT
Cogent Biosciences Shares Climb After FDA Awards Breakthrough Therapy Designation
COGT

Cogent Biosciences saw its stock gain after the U.S. Food and Drug Administration granted Breakthrough Therapy Designation for bezuclastinib given with sunitinib to treat Gastrointestinal Stromal Tumors in patients previously treated with imatinib. The decision was supported by PEAK trial data showing a 50% reduction in risk of progression or death and longer median progression-free survival. Cogent is pursuing an NDA under the FDA's Real-Time Oncology Review program, with a planned submission completion in April 2026 and additional clinical steps scheduled for 2026.

Key Points

  • FDA granted Breakthrough Therapy Designation for bezuclastinib plus sunitinib to treat GIST patients previously treated with imatinib.
  • PEAK trial data showed a 50% reduction in the risk of disease progression or death and median progression-free survival of 16.5 months vs 9.2 months for sunitinib alone.
  • Cogent is pursuing an NDA under the Real-Time Oncology Review program with completion of submission expected in April 2026 and plans for a Phase 2 first-line trial in mid-2026.

Shares of Cogent Biosciences Inc (NASDAQ:COGT) rose 3.4% on Monday after the company disclosed that the U.S. Food and Drug Administration has granted Breakthrough Therapy Designation for its bezuclastinib regimen used in combination with sunitinib. The designation applies to patients with Gastrointestinal Stromal Tumors - GIST - who have previously received imatinib.

The FDA classification is intended to speed the review of drugs that appear to offer substantial improvement over existing treatments. In this instance, the agency's decision was informed by results from Cogent's PEAK trial. According to the company, the trial showed that the bezuclastinib and sunitinib combination cut the risk of disease progression or death by half relative to the current standard of care.

In a company statement, Andrew Robbins, Cogent's President and Chief Executive Officer, said, "We are excited to announce this Breakthrough Therapy Designation which recognizes the potential for the bezuclastinib combination to substantially improve upon the currently available treatment options for patients with imatinib-resistant GIST."

Cogent also confirmed that the FDA previously agreed to accept the company's New Drug Application under the Real-Time Oncology Review program, a pathway that permits pre-submission of materials to help accelerate the review. The company said it remains on schedule to complete its NDA submission in April 2026.

Key efficacy findings from the PEAK study include median progression-free survival of 16.5 months for patients receiving the bezuclastinib combination versus 9.2 months for those on sunitinib alone. Cogent indicated it will present full results from the trial at a major medical meeting during the first half of 2026.

Looking ahead, the company expects to start a Phase 2 trial in mid-2026 to evaluate the combination as a first-line option in GIST patients harboring exon 9 mutations. These planned activities represent the company's near-term clinical and regulatory milestones tied to the program.


Overall, the FDA Breakthrough designation and the PEAK data offer regulatory momentum for Cogent's program while the company advances toward a formal NDA filing and additional studies planned for 2026.

Risks

  • Regulatory review is ongoing - the NDA remains to be completed and reviewed despite the Breakthrough Therapy Designation, representing regulatory uncertainty for the program.
  • Full PEAK trial results are still awaited and will be presented in the first half of 2026; additional details could influence regulatory and market outcomes.
  • Planned clinical expansion to a Phase 2 first-line trial for exon 9 mutations is prospective and subject to the usual clinical and operational risks.

More from Stock Markets

Eastroc Beverage Shares Start Trading in Hong Kong at Offer Price After $1.3 Billion IPO Feb 2, 2026 SoftBank unit and Intel to jointly develop 'Z-Angle' memory technology Feb 2, 2026 M EVO GLOBAL ACQUISITION CORP II Raises $300 Million in IPO Aimed at Critical Minerals Deals Feb 2, 2026 NRW Holdings Shares Rise After Securing A$175m Rio Tinto Earthworks Contract Feb 2, 2026 Federal Judge Blocks Attempt to End Temporary Protected Status for Haitians Feb 2, 2026