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Nurix Therapeutics, Inc. - NRIX STOCK NEWS

Welcome to our dedicated page for Nurix Therapeutics news (Ticker: NRIX), a resource for investors and traders seeking the latest updates and insights on Nurix Therapeutics stock.

Nurix Therapeutics, Inc. (Nasdaq: NRIX) is a clinical-stage biopharmaceutical company dedicated to discovering, developing, and commercializing innovative therapies that modulate cellular protein levels. Leveraging their proprietary drug discovery platform, DELigase, Nurix focuses on a novel approach to target E3 ubiquitin ligases within the ubiquitin-proteasome system (UPS). This system regulates protein stabilization and degradation, providing therapeutic opportunities across various disease areas.

Founded by experts in the UPS field and initially funded by leading investors such as Third Rock Ventures and The Column Group, Nurix has positioned itself as a leader in developing first-in-class therapies. The company’s pipeline includes drug candidates that target protein degraders of Bruton's tyrosine kinase (BTK) and inhibitors of Casitas B-lineage lymphoma proto-oncogene B (CBL-B). Their lead product candidate, NX-2127, is an orally available BTK degrader designed to treat relapsed or refractory B-cell malignancies. Another key candidate, NX-1607, is an orally available CBL-B inhibitor aimed at immuno-oncology indications.

Partnering with industry giants like Celgene, Sanofi, Gilead, and Pfizer, Nurix continues to expand its reach and capabilities. One significant collaboration with Sanofi targets the STAT6 pathway, a critical player in type 2 inflammation. The extension of this collaboration underscores the success and productivity of their ongoing research efforts. Nurix’s innovative approach is also evident in their BTK degrader NX-5948, demonstrating promising clinical activity in patients with CNS involvement.

In its recent financial update, Nurix reported strong results for the first quarter of 2024, with increased revenue driven by collaborations and research milestones. Despite reporting a net loss, the company holds substantial cash reserves to support ongoing and future projects. Leadership transitions within Nurix, such as the appointment of Julia P. Gregory as the new board chair, reflect the company’s commitment to strategic growth and innovation.

Headquartered in San Francisco, California, Nurix remains at the forefront of drug discovery and development, aiming to bring transformative therapies to patients with cancer, inflammatory conditions, and other challenging diseases. For more information, visit http://www.nurixtx.com.

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Nurix Therapeutics (Nasdaq: NRIX) has initiated Phase 1b expansion cohorts of its ongoing trial for NX-2127, a BTK degrader, focusing on patients with chronic lymphocytic leukemia (CLL). This decision follows promising results from the Phase 1a study, revealing significant clinical benefits in heavily pre-treated patients. Key findings include confirmed responses in patients resistant to current therapies and robust BTK degradation. The R&D Day on May 26 will detail further data and future plans for NX-2127, which aims to address unmet needs in cancer treatment.

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Nurix Therapeutics (Nasdaq: NRIX) announced the dosing of the first patient in its Phase 1a/1b trial for NX-5948, a selective degrader of Bruton’s tyrosine kinase (BTK), targeting relapsed B-cell malignancies. This open-label, dose escalation trial is ongoing across multiple UK centers, focusing on safety and tolerability. Initial data is expected in H2 2022. NX-5948 aims to address resistance seen with current BTK inhibitors. Nurix has four clinical trials running, with upcoming data catalysts anticipated over the next year.

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Nurix Therapeutics, a clinical stage biopharmaceutical company (Nasdaq: NRIX), announced that CEO Arthur T. Sands will participate in a fireside chat at the 2022 RBC Capital Markets Global Healthcare Conference on May 18th, 2022, at 11:00 a.m. ET. The event will be available via a live webcast and replay on the company's website. Nurix is focused on developing targeted protein modulation drugs through its DELigase platform, aimed at innovating cancer and other disease treatments.

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Nurix Therapeutics, Inc. (Nasdaq: NRIX) will host an R&D Day on May 26, 2022, from 8:00 a.m. to 11:00 a.m. ET in New York City. The event will feature Dr. Anthony Mato, Director of the CLL Program at Memorial Sloan Kettering Cancer Center, discussing unmet needs in hematologic malignancies. Nurix's management will present updates on their four clinical programs and the DELigase® discovery platform. A live webcast will be available on their website.

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Nurix Therapeutics, Inc. (Nasdaq: NRIX) shared preclinical data at the AACR Annual Meeting, showcasing the potential of investigative therapies NX-2127 and DeTIL-0255 for treating B-cell malignancies and solid tumors. Key findings include NX-2127's unique ability to degrade Bruton’s tyrosine kinase (BTK) and IMiD neosubstrates, enhancing tumor cell killing. Additionally, NX-0255 was shown to enhance T-cell persistence and anti-tumor response in animal models. Nurix expects to provide clinical updates from both programs in H2 2022, following promising initial trial results.

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Nurix Therapeutics (NRIX) reported encouraging developments, including the first patient dosed in the Phase 1 trial of DeTIL-0255, a drug-enhanced cell therapy for advanced gynecologic cancers. The company secured an Innovation Passport for NX-1607 from the UK for solid tumor treatment, facilitating faster market access. Financially, Nurix holds $385.7 million in cash and investments as of February 28, 2022, despite a net loss of $42.5 million for Q1 2022, compared to $24.3 million in Q1 2021. Collaboration revenue increased to $9.6 million, driven by milestones from Gilead and Sanofi.

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Nurix Therapeutics, Inc. (Nasdaq: NRIX) announced the dosing of its first patient in a Phase 1 clinical trial for DeTIL-0255, a drug-enhanced tumor infiltrating lymphocyte therapy targeting advanced gynecological cancers. This therapy combines patient-derived TILs treated with NX-0255, a CBL-B inhibitor, developed through Nurix's DELigase platform. The study aims to assess safety and efficacy in ovarian, cervical, and endometrial cancer patients. Initial results are expected in the second half of 2022, representing a significant milestone in combining targeted protein modulation with cell therapy.

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Nurix Therapeutics (Nasdaq: NRIX) announced that CEO Arthur T. Sands will join a fireside chat at the 21st Annual Needham Virtual Healthcare Conference on April 11, 2022, at 2:15 PM ET. The session will be broadcast live and can be accessed via Nurix's website, with an archived version available for 30 days post-event. Nurix is focused on discovering and developing drugs that modulate protein levels to treat cancer and other diseases through its innovative platform targeting E3 ligases.

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Nurix Therapeutics has received the Innovation Passport designation from the UK MHRA for its drug candidate NX-1607, aimed at treating advanced solid tumors. This designation supports Nurix's regulatory strategy, facilitating faster development and access to the Innovative Licensing and Access Pathway. NX-1607, an orally bioavailable inhibitor designed to enhance T-cell activation, is currently undergoing a Phase 1 trial. Initial pharmacokinetic and pharmacodynamic data is expected in mid-2022, indicating potential advancements in treatment options for solid tumor patients.

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Nurix Therapeutics (Nasdaq: NRIX) announced that Arthur T. Sands, M.D., Ph.D., the company's CEO, will participate in two key conferences in March 2022. The 32nd Annual Oppenheimer Healthcare Conference is scheduled for March 15 at 4:00 p.m. ET, and the 2nd Guggenheim Targeted Protein Degradation Day will take place on March 16 at 11:00 a.m. ET. Both events will be available via live webcast and archived on the Nurix website for 30 days.

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FAQ

What is the current stock price of Nurix Therapeutics (NRIX)?

The current stock price of Nurix Therapeutics (NRIX) is $22.37 as of November 21, 2024.

What is the market cap of Nurix Therapeutics (NRIX)?

The market cap of Nurix Therapeutics (NRIX) is approximately 1.6B.

What does Nurix Therapeutics, Inc. specialize in?

Nurix Therapeutics specializes in discovering, developing, and commercializing therapies that modulate cellular protein levels to treat cancer, inflammatory conditions, and other diseases.

What is the significance of Nurix's DELigase platform?

DELigase is Nurix's proprietary drug discovery platform that identifies and advances novel drug candidates targeting E3 ligases, crucial enzymes in protein regulation.

Who are Nurix's major partners?

Nurix has strategic collaborations with industry leaders like Celgene, Sanofi, Gilead, and Pfizer to develop next-generation therapies.

What are some of Nurix's key drug candidates?

Key drug candidates include NX-2127, an orally available BTK degrader for B-cell malignancies, and NX-1607, a CBL-B inhibitor for immuno-oncology.

How has Nurix performed financially in recent quarters?

Nurix reported increased revenue in the first quarter of 2024 due to collaborations and achieved research milestones, with substantial cash reserves supporting ongoing projects.

Where is Nurix Therapeutics headquartered?

Nurix Therapeutics is headquartered in San Francisco, California.

What recent leadership changes have occurred at Nurix?

Julia P. Gregory has been elected as the new board chair, succeeding Dr. David L. Lacey, who will continue to serve on the board and its committees.

What is the focus of Nurix's collaboration with Sanofi?

The collaboration with Sanofi focuses on developing targeted protein degraders for inflammatory conditions, including the STAT6 pathway.

What are Nurix's plans for NX-5948?

Nurix plans to continue clinical trials for NX-5948, a BTK degrader, and explore its use in treating B-cell malignancies with CNS involvement.

How can I learn more about Nurix Therapeutics?

For more information, visit Nurix's official website at http://www.nurixtx.com.

Nurix Therapeutics, Inc.

Nasdaq:NRIX

NRIX Rankings

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1.61B
69.46M
1.45%
98.27%
13.35%
Biotechnology
Pharmaceutical Preparations
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United States of America
SAN FRANCISCO