Category: 3. Business

  • PUMA reports sales decline in Q2 and lowers outlook for 2025

    PUMA reports sales decline in Q2 and lowers outlook for 2025

    On a preliminary basis, sales for the second quarter declined currency-adjusted (ca) by 2.0% to € 1,942 million. Currencies were a major headwind, negatively impacting sales in euro terms by approximately € 135 million (-8.3% reported). The sales decline was driven by the key markets North America (ca -9.1%), Europe (ca -3.9%) and Greater China (ca -3.9%). While the sales in the rest of APAC also declined 
    (ca -2.4%), Latin America (ca +16.1%), EEMEA (ca +0.5%) continued to grow. From a channel perspective the sales decline was driven by softness in the Wholesale business (ca -6.3%), while the Direct-to-Consumer (DTC) business increased (ca +9.2%), led by double-digit growth in E-Commerce. The growth in PUMA’s Footwear business (ca +5.1%), was more than offset by a decline in Apparel (ca -10.7%) and Accessories (-6.4%).

    The gross profit margin declined by 70 basis points to 46.1%, primarily reflecting increased promotional activity and unfavourable currency effects. This was partially offset by tailwinds from sourcing and freight, as well as a positive impact from distribution channel mix. The second quarter adjusted EBIT, excluding one-time costs*, decreased to € -13.2 million. In addition to the overall softer topline development, the decline in adjusted EBIT was mainly driven by the lower gross profit margin. PUMA incurred one-time costs* of € 84.6 million in the second quarter. Taxes on income amounted to € -94.7 million.The increase compared to last year was mainly driven by deferred tax assets write-offs in the U.S. and China. The net loss came in at € -247.0 million.

    Preliminary currency-adjusted sales in the first half year 2025 declined by 1.0% (ca) to € 4,018 million (-4.8% reported). The gross profit margin decreased by 60 basis points to 46.5%. The adjusted EBIT, excluding one-time costs*, decreased to € 62.5 million. During the first half year 2025, PUMA incurred one-time costs* of € 102.6 million. The net loss came in at € -246.6 million. 

    Inventories increased by 9.7% reported and 18.3% currency-adjusted to € 2,151 million and were primarily impacted by higher inventory levels in our key markets. 

    Amid ongoing volatile geopolitical and macroeconomic volatility, PUMA anticipates that both sector-wide and company-specific challenges will continue to significantly impact performance in 2025. Key factors include muted brand momentum, shifts in channel mix and quality, the impact of U.S. Tariffs, and elevated inventory levels. 

    Looking ahead, PUMA no longer expects to achieve the currency-adjusted sales growth previously anticipated for the remainder of 2025. The softer topline performance observed in the second quarter is expected to persist for the remainder of 2025, resulting in higher inventory levels. In this context, PUMA will continue to actively reduce inventory levels. Despite ongoing mitigating measures such as supply chain optimization, pricing adjustments and partner collaboration, the U.S. Tariffs are expected to have a mitigated negative impact in 2025 of around € 80 million on gross profit. 

    In response to these developments, PUMA has revised its full-year guidance. Currency-adjusted sales are now forecast to decline low double digit percentage (Previously: low- to mid-single-digit percentage currency-adjusted increase). 

    For the EBIT we expect a loss in the full year 2025 (Previously: EBIT of € 445 million to € 525 million), reflecting softer topline development, increased currency headwinds, the impact of the U.S. Tariffs and additional measures, including one-off charges, to further align the cost base in the second half of the year. We are providing an earnings outlook for reported EBIT only.

    In response to second quarter performance and the muted growth outlook in the second half of 2025, PUMA has revised its capital expenditure plans for the year and now expects to invest around € 250 million in 2025 (Previously: around € 300 million).

     

    *one-time cost include cost related to the “nextlevel” cost efficiency programme, goodwill impairments and other one-time costs

     

     The financial results are preliminary and unaudited. 

     

    Media Relations:

    Kerstin Neuber – Senior Director Corp Comms – PUMA SE – kerstin.neuber@puma.com

     

    Investor Relations:

    Oliver Maier – Interim Director Investor Relations  PUMA SE – oliver.maier.ext@puma.com

     

    Notes to the editors:

    • The financial reports are posted on about.puma.com
    • PUMA SE stock symbol:

      Reuters: PUMG.DE, Bloomberg: PUM GY, 

      Börse Frankfurt: ISIN: DE0006969603– WKN: 696960

    Continue Reading

  • PUMA announces preliminary results for the second quarter and lowers its outlook for 2025

    PUMA announces preliminary results for the second quarter and lowers its outlook for 2025

    Sports company PUMA today announces preliminary results for the second quarter 2025 and revises its financial outlook for the full year 2025, due to a softer than anticipated topline development and including the expected implications from U.S. Tariffs based on information available as of 23 July 2025. 

    Softer than anticipated topline development in our key markets (North America, Europe and Greater China) affected PUMA’s sales and earnings performance in the second quarter. As a result, adjusted EBIT came in below expectations in the second quarter. On a preliminary basis, sales for the second quarter declined by 2.0% currency-adjusted (ca) to € 1,942.2 million (-8.3% reported). Adjusted EBIT, excluding one-time costs*, decreased to € -13.2 million. In addition to the overall softer topline development, the decline in adjusted EBIT was mainly driven by the lower gross profit margin. PUMA incurred one-time costs* of € 84.6 million in the second quarter. Net loss for the quarter amounted to € -247.0 million.

    Looking ahead, PUMA no longer expects to achieve the currency-adjusted sales growth previously anticipated for the remainder of 2025. The softer topline performance seen in the second quarter is expected to persist for the remainder of 2025, resulting in higher inventory levels. In this context, PUMA will continue to actively reduce inventory levels. In addition, the company also expects ongoing macroeconomic challenges, as well as the mitigated negative impact of U.S. Tariffs (around € 80 million on gross profit), to affect performance throughout the year.

    In response to these developments, PUMA has revised its full-year guidance. Currency-adjusted sales are now forecast to decline low double digit percentage (Previously: low- to mid-single-digit percentage currency-adjusted increase). 

    For the EBIT , we expect a loss in the full year 2025 (Previously: EBIT of € 445 million to € 525 million), reflecting softer topline development, increased currency headwinds, the impact of the U.S. Tariffs and additional measures, including one-off charges, to further align the cost base in the second half of the year. We are providing an earnings outlook for reported EBIT only.

    In response to second quarter performance and the muted growth outlook in the second half of 2025, PUMA has revised its capital expenditure plans for the year and now expects to invest around € 250 million in 2025 (Previously: around € 300 million). 

     

    *one-time costs include costs related to the “nextlevel” cost efficiency programme, goodwill impairments and other one-time costs

     

    The financial results are preliminary and unaudited. 

     

    Media Relations:

    Kerstin Neuber – Senior Director Corp Comms – PUMA SE – kerstin.neuber@puma.com

     

    Investor Relations:

    Oliver Maier – Interim Director Investor Relations  PUMA SE – oliver.maier.ext@puma.com

     

    Notes to the editors:

    • The financial reports are posted on about.puma.com
    • PUMA SE stock symbol:

      Reuters: PUMG.DE, Bloomberg: PUM GY, 

      Börse Frankfurt: ISIN: DE0006969603– WKN: 696960

    Continue Reading

  • CEO of Singapore's GIC warns of "valuation overshoot" in frothy market – Axios

    1. CEO of Singapore’s GIC warns of “valuation overshoot” in frothy market  Axios
    2. Singapore’s sovereign wealth fund GIC posts slowest investment return in 5 years  Reuters
    3. GIC posts 3.9% 20-year annualised real rate of return, expects lower returns ahead expects lower returns ahead  The Business Times
    4. King of Co-Investments GIC increases US exposure, AuM rises to US$ 936 billion  Global SWF
    5. GIC posts 3.8% annualised return over 20 years despite economic uncertainties  The Straits Times

    Continue Reading

  • In China, repair demand for banned Nvidia AI chipsets booms

    In China, repair demand for banned Nvidia AI chipsets booms

    By Che Pan and Casey Hall

    BEIJING/SHANGHAI (Reuters) -Demand in China has begun surging for a business that, in theory, shouldn’t exist: the repair of advanced Nvidia artificial intelligence chipsets that the U.S. has banned the export of to its trade and tech rival.

    Around a dozen boutique companies now offer repair services, according to two such firms in the tech hub of Shenzhen which say they predominantly fix Nvidia’s H100 graphics processing units (GPUs) that have somehow made their way to the country, as well as A100 GPUs and a range of other chips.

    Even before it was launched, the H100 was banned from sale in China in September 2022 by U.S. authorities keen to rein in Chinese technological development, particularly advances that its military could use. Its predecessor, the A100, was also banned at the same time after being on the market for over two years.

    “There is really significant repair demand,” said a co-owner of a firm that has been fixing Nvidia’s gaming GPUs for 15 years and began working on AI chips in late 2024.

    Business has been so good that the owners created a new company to handle those orders, which now repairs up to 500 Nvidia AI chips per month. Its facilities, as shown in social media advertising, include a room which can accommodate 256 servers, simulating customers’ data centre environments to conduct testing and validate repairs.

    The rapid growth of the repair industry from late last year supports the view that there has been a significant amount of smuggling of Nvidia chipsets into China. Tenders have shown that the government and the military have made purchases of the U.S. firm’s banned AI chips.

    Concern about large-scale smuggling of high-end Nvidia products into China has prompted both Republican and Democratic lawmakers to introduce bills that would require the tracking of chipsets so that their location can be verified after they are sold. U.S. President Donald Trump’s administration also backed the idea this week.

    The thriving repair industry also highlights how Nvidia’s advanced GPUs remain in high demand despite new, albeit less powerful, products from Chinese tech giant Huawei.

    Though the buying, selling and repair of Nvidia GPUs is not illegal in China, sources for this article were reluctant to draw scrutiny from U.S. or Chinese authorities and declined to be identified.

    Nvidia cannot legally provide repair or replacement items for restricted products in China. In contrast, sources said if an Nvidia GPU in another nation has a defect and is under warranty, which is normally three years, the company usually replaces it.

    Continue Reading

  • DLA Piper earns top spot in BTI Client Service A-Team 2025 report

    DLA Piper is proud to have received the highest ranking for law firm client service in the BTI Client Service A-Team 2025 report, which identifies law firms providing exceptional service based on client feedback. This marks the 16th year DLA Piper has been recognized in the report.

    According to BTI, DLA Piper “earns the dual honors of sitting atop the BTI Client Service 30 and the BTI Client Service Trailblazers [lists]. The firm reaches the pinnacle of performance in the BTI Client Service A-Team – and lands at the top of the 55 trailblazing firms who are best at turning chaos into solutions for clients and new business for themselves.”

    According to BTI, the rankings demonstrate the firm’s ability to combine deep industry experience with “a powerhouse client service infrastructure” and provide “creative legal strategies and practical execution” through swift action and clear communication.

    The BTI Client Service A-Team 2025 report is produced by BTI Consulting Group, an independent market research and intelligence firm, and is based on more than 300 in-depth interviews with leading legal decision makers at organizations across a range of sectors, including technology, pharmaceutical, energy, healthcare, financial services, consumer goods, insurance and telecommunications.

    Continue Reading

  • Musk’s Starlink satellite system hit by network outage, company says | Elon Musk

    Musk’s Starlink satellite system hit by network outage, company says | Elon Musk

    Starlink was experiencing a network outage, Elon Musk’s SpaceX-owned satellite internet company said on Thursday, with Downdetector showing that the service was down for thousands of users.

    “Starlink is currently in a network outage and we are actively implementing a solution,” it said in a post on X.

    Musk added on X: “Service will be restored shortly. Sorry for the outage. SpaceX will remedy root cause to ensure it doesn’t happen again.”

    The service appeared to have experienced a “total outage” beginning around 3.13pm ET, according to Doug Madory, an expert at the internet analysis firm Kentik.

    The outage is global and Starlink is not carrying any traffic right now, Madory told Reuters. He said such a sweeping interruption in service was unusual: “They haven’t had one like this in a long time.”

    There were 25,767 incidents of people reporting issues with the service as of 4.18 pm ET, according to Downdetector, which tracks outages by collating status reports from a number of sources.

    Continue Reading

  • US woman jailed for stealing identities to give North Koreans jobs

    US woman jailed for stealing identities to give North Koreans jobs

    A US woman has been sent to prison for more than eight years over an elaborate scheme to steal the identities of American workers and pass them to North Koreans.

    Christina Chapman admitted to stealing the identities of 68 US citizens, then helping foreign workers use those identities to pose as Americans and gain employment at over 300 separate companies.

    Investigators say the “staggering” scheme used the stolen identities to generate $17m (£12.5m) in funds that were sent back to North Korea. Chapman claimed to be unaware that she was helping the North Koreans, officials say.

    US Attorney for Washington DC General Jeanine Pirro warned companies to be alert for similar North Korean plots.

    Chapman, 50, pleaded guilty in February to conspiracy to commit wire fraud, aggravated identity theft, and money laundering conspiracy. On Thursday, she was handed a 102-month prison sentence.

    She was arrested in May 2024 in Arizona, and charged alongside three North Korean citizens.

    All three North Koreans have ties to the North Koreans Munitions Industry Department, according to the US State Department, which noted that the organisation handles ballistic missile and weapons production for North Korea.

    According to US officials, the money raised was sent directly to the country’s nuclear weapons programme.

    “North Korea is not just a threat to the homeland from afar. It is an enemy within. It is perpetrating fraud on American citizens, American companies, and American banks,” Pirro said on Thursday.

    “It is a threat to Main Street in every sense of the word,” she said, adding that North Korea used the funds “to buy munitions to be used against us”.

    The plot orchestrated by Chapman duped 309 American companies, including several on the Fortune 500 list such as Nike, and two international firms.

    “The call is coming from inside the house. If this happened to these big banks, to these Fortune 500, brand name, quintessential American companies, it can or is happening at your company,” Pirro continued.

    “You are the first line of defense against the North Korean threat.”

    Chapman admitted to running “laptop farms” from her homes in Arizona and Minnesota, where she would log into computers issued by the companies so that it appeared the North Korean workers from other countries were physically in the US.

    She would then help the workers remotely connect to the laptops, and also help them to receive their wages from the firms.

    The Arizona laptop farm “was operating at such a high volume” that she hired two people to help her, according to officials.

    A photo released of the operation shows how she stored the devices on shelves, with notes with identifying information of each company and the stolen identity associated with each laptop.

    Chapman claimed to not know that she was working with North Koreans, according to prosecutors, and “did not specifically attempt to raise revenue for the benefit of North Korea”.

    But over an eight-month period, she sent 35 separate packages to Dandong, China – a city on the border with North Korea. Pirro said that she believes Chapman was well aware that she was helping the US adversary.

    In addition to China, she also shipped company laptops to Pakistan, the UAE, and Nigeria.

    Chapman was paid $176,850 for the conspiracy, which began in October 2020 and ended in 2023. As part of her sentence, she was ordered to hand over the money, as well as over $284,000 in profits that were due to be paid to the North Koreans.

    Prosecutors had sought a tough sentence, partly due to her continuing insistence to investigators that her work was “legitimate”.

    “Despite entering a guilty plea…. defendant does not seem to understand the full extent of her culpability in the criminal conspiracy,” prosecutors wrote in a sentencing memo.

    The investigation was aided by the FBI, which warned in a statement that North Korea has earned “millions of dollars for its nuclear weapons program by victimizing American citizens, businesses, and financial institutions”.

    “However, even an adversary as sophisticated as the North Korean government can’t succeed without the assistance of willing US citizens like Christina Chapman,” said the FBI.

    Continue Reading

  • Basic cybersecurity lapses are leaving US infrastructure exposed, top experts warn – Nextgov/FCW

    1. Basic cybersecurity lapses are leaving US infrastructure exposed, top experts warn  Nextgov/FCW
    2. Emerging Trends in State Cyber Policy During the 2025 Legislative Session  Tech Policy Press
    3. Dwindling federal cyber support for critical infrastructure raises alarms  Cybersecurity Dive
    4. John Wargo: A federal policy that endangers our state’s cybersecurity  Pittsburgh Post-Gazette

    Continue Reading

  • Starlink outage: Tens of thousands report issues

    Starlink outage: Tens of thousands report issues

    FILE – Starlink is displayed on a mobile phone in this photo illustration in Brussels, Belgium, on July 18, 2025. (Photo illustration by Jonathan Raa/NurPhoto via Getty Images)

    Tens of thousands of people across the world reported issues with Starlink on Thursday, according to Downdetector. 

    What they’re saying:

    Starlink confirmed it was experiencing a network outage and said it was “currently in a network outage” and was working to fix the issue. 

    The backstory:

    Starlink operates the world’s largest satellite constellation with over 6,750 satellites currently orbiting Earth to provide low-latency broadband, including to areas where internet previously has been completely unavailable.

    The Source: Information for this article was taken from the Downdetector website, a tweet from Starlink on July 24, 2025, and previous reporting by The Associated Press. 

    WorldElon MuskTechnology

    Continue Reading

  • Ongoing Research Aims to Alter Management of HR+ Breast Cancer After Frontline CDK4/6 Inhibition

    Ongoing Research Aims to Alter Management of HR+ Breast Cancer After Frontline CDK4/6 Inhibition

    Although data from the phase 3 SERENA-6 trial (NCT04964934) demonstrated progression-free survival (PFS) and quality-of-life (QOL) benefits with switching from first-line aromatase inhibitor (AI) plus CDK4/6 inhibitor therapy to camizestrant upon the detection of an ESR1 mutation in patients with hormone receptor–positive, HER2-negative advanced breast cancer, additional time to second progression (PFS2) and overall survival (OS) data are needed to support the adoption of molecularly-guided treatment switching in clinical practice, according to Laura Huppert, MD.

    Additionally, Huppert noted that dhese data, along with ongoing work with other novel endocrine therapies, could provide expanded and improved options for patients following progression on a CDK4/6 inhibitor–based regimen.

    Findings presented during the 2025 ASCO Annual Meeting showed that the median investigator-assessed PFS with camizestrant plus CDK4/6 inhibition (n = 157) was 16.0 months (95% CI, 12.7-18.2) vs 9.2 months (95% CI, 7.2-9.5) with continued AI plus CDK4/6 inhibition (n = 158; HR, 0.44; 95% CI, 0.31-0.60; P < .00001). The 12- and 24-month PFS rates with the camizestrant regimen were 60.7% and 29.7%, respectively. Respective rates with continued AI plus CDK4/6 inhibition were 33.4% and 5.4%.

    “If [the camizestrant combination] ends up being an approved regimen, it would definitely be a paradigm shift for how we’re treating breast cancer, because we would need to start monitoring circulating tumor DNA [ctDNA] and switching earlier,” Huppert, an assistant professor of medicine at the University of California, San Francisco School of Medicine, stated in an interview with OncLive®. “The PFS difference is very interesting and compelling; we just need a bit more data to know how we’ll ultimately utilize this in clinical practice.”

    In the interview, Huppert discussed the mechanistic differences between oral selective estrogen receptor degraders (SERDs) and proteolysis-targeting chimeras (PROTACs); the current post–CDK4/6 inhibitor treatment landscape in hormone receptor–positive breast cancer; the clinical implications of the SERENA-6 trial for early intervention with camizestrant based on molecular progression; and how novel endocrine therapies could help improved outcomes for patients in later lines of therapy.

    OncLive: What is the distinction between oral SERDs and PROTACs in the hormone receptor–positive breast cancer space?

    Huppert: Both of these [drug classes represent] different ways to target estrogen receptor [ER] signaling. The idea is that if disrupting that signaling can prevent tumor cell growth. Oral SERDs work by binding to the ER and inducing its degradation, [thereby inhibiting] ER signaling. PROTACs are a novel class of molecules that work by using the cell’s own natural protein degradation system. They bring an enzyme in close proximity to the ER, which labels it for degradation, and then the cell’s own ubiquitination system and proteasome degrade it.

    At ASCO 2025, we saw the first [readout of] phase 3 data with a PROTAC [with vepdegestrant in the VERITAC-2 trial (NCT05654623)], which was interesting. It’s a first-in-class molecule and will potentially be a novel form of ER blocking that’s slightly different than oral SERDs and other agents we’ve had before.

    What are some of the available treatment options after a patient progresses on a frontline CDK4/6 inhibitor–based regimen?

    After progression on first-line AI plus CDK4/6 inhibitor therapy, we typically check next-generation sequencing [NGS] to see what mutations the tumor cells either have or have developed over time that might be targetable. For example, approximately 40% of patients develop an ESR1 mutation [during first-line therapy]. In these patients, we have a currently approved therapy, elacestrant [Orserdu], that can be utilized. If a patient has a PIK3CA, AKT, or PTEN mutation, capivasertib [Truqap] plus fulvestrant [Faslodex] is a currently approved option.

    If patients have none of these mutations, we have other options as well. We can use fulvestrant and a switch in CDK4/6 inhibitor, or everolimus [Afinitor] is still an option with fulvestrant or exemestane [Aromasin]. Of course, there are many novel therapies in this arena. Some are likely to be approved, and others are still in development. The second- and third-line endocrine therapy space is a rapidly evolving area at the moment.

    With SERENA-6 demonstrating a benefit in switching treatment following the emergence of an ESR1 mutation prior to radiographic progression, what could this mean for future treatment strategies in terms of earlier intervention?

    SERENA-6 was a phase 3 trial that evaluated whether it would be beneficial for patients on their first-line AI and CDK4/6 inhibitor [who develop an] ESR1 mutation but don’t have evidence of clinical progression by imaging to switch to [treatment with] an oral SERD, camizestrant, in that setting.

    It enrolled patients who were already receiving their AI and CDK4/6 inhibitor, and they were monitored every 3 months with ctDNA testing. Patients who developed an ESR1 mutation [without clinical progression were then] randomly assigned to either stay on their AI and CDK4/6 inhibitor with a placebo, or switch to camizestrant and CDK4/6 inhibitor with a placebo. They followed these patients over time, with the primary end point being PFS.

    What they saw was that patients who switched to camizestrant had improved PFS [by a] difference of [6.8] months between the 2 arms, which was definitely very interesting, compelling, and statistically significant data. [The results] also showed that there was improved time to deterioration of global health status and QOL [with this approach], which I thought was interesting as well.

    In this trial, PFS2 and OS [were also evaluated]. PFS2 [data] favored the switch to camizestrant, but these were not yet statistically significant. The data are not yet mature. OS data are also not mature.

    [SERENA-6] was an interesting and compelling study for multiple reasons. Historically, we wanted to keep patients on each treatment as long as possible until we see evidence of progression by scans or symptoms. However, this was looking at whether we should switch [treatment] at the time of molecular progression, rather than progression on scans.

    What still needs to be learned about the benefit of earlier treatment switching based on molecular progression in order to support adopting this approach in clinical practice?

    It will be important to look at PFS2 more as those data mature. Does this early switch help people do better on their next line of therapy? Ideally, we’re hoping for OS data to show whether switching early ultimately helps people live longer. We need more of follow-up data to know how to employ this [strategy] in the future.

    There are also ongoing trials looking at using oral SERDs from the start [of first-line treatment], rather than switching [from an AI to an] oral SERDs [with subsequent treatment]. We’ll have to see what those trials look like as well. All these moving pieces will help us figure out how to employ these data and what to do with them going forward.

    How could a potential approval of the SERENA-6 regimen affect clinical practice in terms of second-line treatment decision-making?

    If SERENA-6 is approved and a certain percentage of our patients develop the ESR1 mutation and switch to camizestrant, in the second-line setting, we would still want to check NGS and look for any new mutations that might be present, and then we can choose therapy accordingly.

    In patients who were on the SERENA-6 regimen and did switch to an oral SERD, it will be important to potentially think about other endocrine backbones or other combinations beyond just an oral SERD in the subsequent line. This is all the more reason we are excited to have novel endocrine therapy backbones, as well as novel targeted therapy partners, to offer more and more options in the second- and third-line settings.

    Despite the incorporation of novel endocrine therapies into the treatment paradigm, what unmet needs still exist for patients with hormone receptor–positive breast cancer after progression on a CDK4/6 inhibitor–based regimen?

    In general, patients experience the longest PFS on first-line therapy, which is typically an AI plus a CDK4/6 inhibitor. The duration of response generally shortens in the second- and third-line settings. There is hope that with the introduction of novel agents, it may be possible to achieve longer PFS in these later lines of therapy by utilizing new mechanisms of action with the endocrine therapy backbone, as well as novel targeted therapy combinations. Prolonging PFS in the second- and third-line settings remains an area of unmet need.

    Typically, patients receive 2 to 3 lines of endocrine therapy before becoming resistant and needing to transition to chemotherapy or antibody-drug conjugates. However, with emerging agents, it may be possible to extend the number of endocrine therapy lines. The goal is to prolong the endocrine-sensitive phase of disease by leveraging these novel agents, which are often oral and better tolerated than chemotherapy. Delaying the need for cytotoxic therapies may enhance both QOL and OS. Therefore, there is significant interest in optimizing treatment options in the second- and third-line settings.

    Reference

    Turner N, Mayer E, Park YH, et al. Camizestrant + CDK4/6 inhibitor (CDK4/6i) for the treatment of emergent ESR1 mutations during first-line (1L) endocrine-based therapy (ET) and ahead of disease progression in patients (pts) with HR+/HER2– advanced breast cancer (ABC): Phase 3, double-blind ctDNA-guided SERENA-6 trial. J Clin Oncol. 2025;43(suppl 17):LBA4. doi:10.1200/JCO.2025.43.17_suppl.LBA4

    Continue Reading