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Nuvectis Pharma, Inc. (NASDAQ: NVCT) is a clinical-stage biopharmaceutical company dedicated to developing innovative precision medicines for treating serious conditions of unmet medical need in oncology. The company's core focus lies in the development of novel small molecule therapeutics targeting genetically defined patient populations in cancer.
Nuvectis Pharma’s pipeline includes two promising drug candidates, NXP800 and NXP900. NXP800 is an oral small molecule currently in a Phase 1b clinical trial for the treatment of platinum-resistant, ARID1a-mutated ovarian carcinoma. The U.S. Food and Drug Administration (FDA) has granted Fast Track Designation to the NXP800 program for this indication and Orphan Drug Designation for the treatment of cholangiocarcinoma. Recently, Nuvectis announced a collaboration with Mayo Clinic to evaluate NXP800 in an investigator-sponsored clinical trial for cholangiocarcinoma.
NXP900, on the other hand, is a novel small molecule SRC/YES1 kinase inhibitor currently undergoing a Phase 1a dose escalation study. NXP900 has shown potential as a standalone treatment and in combination with other therapies in preclinical studies, particularly in non-small cell lung cancer (NSCLC) resistant to EGFR inhibitors like osimertinib and ALK inhibitors like alectinib.
Financially, Nuvectis remains robust, with cash and cash equivalents of $19.1 million as of December 31, 2023. However, the company recorded a net loss of $22.3 million for the same period, largely due to its focused investment in research and development. Despite this, the company maintains a cash-efficient strategy, ensuring sufficient runway to continue its critical work.
In 2024, Nuvectis anticipates several key clinical milestones, including updates from ongoing trials of NXP800 and NXP900. The company is positioned as a significant player in the biopharmaceutical landscape, driven by its commitment to addressing unmet medical needs in oncology through precision medicine.
Nuvectis Pharma (NASDAQ: NVCT) reported its 2024 financial results and business highlights, showing progress in its clinical-stage oncology drug candidates. The company's NXP800 received Orphan Drug Designation from the FDA for ARID1a-deficient ovarian, fallopian tube, and primary peritoneal cancers. A Phase 1b study in platinum-resistant, ARID1a-mutated ovarian cancer continues with updated results expected in Q2 2025.
For NXP900, the Phase 1a dose escalation study is ongoing with preparations underway for Phase 1b trials starting mid-2025. The upcoming program will evaluate NXP900 as monotherapy in YES1/SRC-driven solid tumors and in combination with EGFR and ALK inhibitors for non-small cell lung cancer.
Financially, Nuvectis completed a follow-on offering in February 2025, raising $15.5 million in gross proceeds, extending cash runway into 2027. The company reported a net loss of $19.0 million for 2024, compared to $22.3 million in 2023, a $3.3 million improvement. Cash and equivalents stood at $18.5 million as of December 31, 2024, slightly down from $19.1 million at the end of 2023.
Nuvectis Pharma (NVCT) has successfully closed its previously announced public offering, raising $15.5 million in gross proceeds. The offering consisted of 2,700,000 shares of common stock at $5.00 per share, along with the full exercise of the underwriter's over-allotment option for an additional 405,000 shares.
Lucid Capital Markets served as the sole book runner for the offering. The company plans to use the net proceeds to advance the development programs of NXP800 and NXP900, hire additional personnel, fund capital expenditures, cover public company operating costs, and other general corporate purposes. The offering was conducted under Nuvectis's shelf registration statement on Form S-3.
Nuvectis Pharma (NASDAQ: NVCT) has announced the pricing of its public offering of 2,700,000 shares of common stock at $5.00 per share, expecting to raise gross proceeds of $13.5 million. The company has granted the underwriter a 30-day option to purchase up to 405,000 additional shares at the same price.
The offering is expected to close on February 6, 2025, with Lucid Capital Markets acting as the sole book runner. The proceeds will be used to advance development programs of NXP800 and NXP900, hire additional personnel, cover capital expenditures, operating costs as a public company, and other general corporate purposes.
The offering is being made pursuant to Nuvectis's shelf registration statement on Form S-3, which was declared effective by the SEC on March 29, 2023.
Nuvectis Pharma (NVCT) has announced the commencement of an underwritten public offering of its common stock. The clinical-stage biopharmaceutical company, focused on developing precision medicines for oncology, will be the sole provider of all shares in the offering. Lucid Capital Markets is acting as the sole book runner.
The company plans to grant underwriters a 30-day option to purchase up to an additional 15% of the offered shares. The net proceeds will fund the development of NXP800 and NXP900 programs, personnel hiring, capital expenditures, public company operating costs, and general corporate purposes.
The offering is being made pursuant to a shelf registration statement (File No. 333-270657) declared effective by the SEC on March 29, 2023. The completion, size, and terms of the offering are subject to market conditions.
Nuvectis Pharma (NASDAQ: NVCT), a clinical-stage biopharmaceutical company specializing in precision medicines for oncology, has announced its participation in the 2024 Ladenburg Virtual Oncology Innovators & Investors Symposium. The company's Chairman and CEO, Ron Bentsur, will deliver a presentation at the event scheduled for December 12, 2024, at 10 am EST.
Nuvectis Pharma reported encouraging interim data from its Phase 1b study of NXP800 in platinum-resistant ARID1a-mutated ovarian cancer patients. The study evaluated three dosing regimens in twelve patients, with one showing unconfirmed partial response and six achieving stable disease with tumor shrinkage. The new intermittent dosing schedule (50 mg/day, 5 days on/2 days off) successfully minimized thrombocytopenia concerns. The company is now enrolling patients for a higher dose intensity cohort at 75 mg/day on an intermittent schedule, with additional clinical data expected in Q2 2025.
Nuvectis Pharma reported Q3 2024 financial results and business updates. Cash position was $17.2M as of September 30, 2024, down from $19.1M in December 2023. Net loss decreased to $4.2M from $5.9M year-over-year. R&D expenses reduced to $2.8M from $4.5M, while G&A expenses decreased to $1.5M from $1.7M. The company expects clinical data update from NXP800 Phase 1b study this month, with the drug receiving Orphan Drug Designation for ARID1a-deficient cancers. NXP900 Phase 1a study completed 4 escalation cohorts with no dose-limiting toxicities.
Nuvectis Pharma (NASDAQ: NVCT) showcased promising results at the AACR-NCI-EORTC Symposium, where its drug candidate NXP900 demonstrated strong synergy with ALK inhibitors in resistant non-small cell lung cancer (NSCLC) cells. The drug effectively targets SRC/YES1 kinases, addressing resistance mechanisms in cancer treatment.
The company is also anticipating data updates from NXP800's Phase 1b study in platinum-resistant, ARID1a-mutated ovarian cancer. With a current market valuation of approximately $150 million, Nuvectis is positioning itself alongside industry players like Summit Therapeutics ($15B) and Nuvalent ($6.6B) in the precision oncology space.
Nuvectis Pharma (NASDAQ: NVCT) has announced two upcoming scientific presentations for NXP900 at the 2024 AACR-NCI-EORTC Symposium on Molecular Targets and Cancer Therapeutics in Barcelona, Spain (October 23-25, 2024).
The first presentation by Asier Unciti-Broceta from the University of Edinburgh will showcase NXP900's synergy with ALK inhibitors in ALK resistant cell lines. This poster session is scheduled for October 24th, 2024.
The second presentation by Ben King, also from the University of Edinburgh, will focus on using a multi-omics approach to identify biomarkers responding to NXP900. This poster session will take place on October 25th, 2024.
Nuvectis Pharma (NASDAQ: NVCT), a clinical-stage biopharmaceutical company specializing in innovative precision medicines for oncology, has announced its participation in the 3rd Annual ROTH Healthcare Opportunities Conference. The event is scheduled for October 9, 2024, in New York, NY.
Nuvectis management will take part in a panel discussion focused on 'Innovative Therapies for Solid Tumors'. This panel is set to begin at 12:30 pm ET on the day of the conference.
The company's involvement in this prestigious healthcare conference underscores its commitment to advancing treatments for serious conditions with unmet medical needs in oncology, particularly in the realm of solid tumors.
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