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Nuvectis Pharma, Inc. - NVCT STOCK NEWS

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

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.

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Nuvectis Pharma, a biopharmaceutical company focused on innovative oncology treatments, announced that CEO Ron Bentsur will present at the H.C. Wainwright BioConnect Investor Conference at NASDAQ in New York City. The conference is scheduled for May 2, 2022, at 12:00 PM Eastern Time. Nuvectis is advancing two drug candidates: NXP800, for platinum-resistant, ARID1a-mutated ovarian carcinoma, which has received FDA Fast Track Designation, and NXP900, a SRC/YES1 kinase inhibitor with a pending IND application.

The company's commitment to addressing unmet medical needs in oncology highlights the significance of their innovative approaches in developing precision medicines.

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Nuvectis Pharma (NASDAQ: NVCT) announced promising results for NXP800, demonstrating significant antitumor activity in cholangiocarcinoma through two patient-derived xenograft (PDX) models, as presented at the AACR Annual Meeting 2023.

Cholangiocarcinoma, with about 10,000 new cases annually in the U.S., has limited treatment options, with only 30% of patients eligible for surgical resection. Ron Bentsur, CEO, emphasized the urgent need for new therapies in this area, stating that NXP800's data offers hope for improved outcomes.

The research, led by Mayo Clinic's Dr. Rory L. Smoot, indicates potential clinical benefits from NXP800 for this challenging condition, which typically results in poor patient prognosis.

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Nuvectis Pharma has initiated a Phase 1b clinical trial for NXP800, targeting patients with platinum-resistant, ARID1a-mutated ovarian carcinoma. This trial, building on promising preclinical and Phase 1a results, will study the drug's safety and efficacy in this specific cancer population. The trial aims to enroll around 50 patients across multiple sites in the U.S., UK, and Europe. NXP800 is an oral small molecule that has shown strong anti-tumor activity in preclinical models and received Fast Track Designation by the FDA. Results from the previous Phase 1a study indicated acceptable safety with the most common side effects being manageable. The company anticipates sharing detailed results from Phase 1a at a future scientific conference.

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Nuvectis Pharma, Inc. (NASDAQ: NVCT), a clinical-stage biopharmaceutical company, announced upcoming presentations for its drug candidates NXP800 and NXP900 at the 2023 American Association for Cancer Research Meeting, scheduled from April 14-19 in Orlando, Florida. NXP800, currently in a Phase 1a study, targets advanced solid tumors and has received Fast Track Designation from the FDA for ARID1a-mutated ovarian carcinoma. NXP900 is a novel SRC/YES1 kinase inhibitor with an IND pending submission. Presentations will include significant findings on therapeutic efficacy in various cancer models.

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FORT LEE, NJ, March 10, 2023 (GLOBE NEWSWIRE) -- Nuvectis Pharma, a biopharmaceutical firm specializing in precision oncology medicines, announced that CEO Ron Bentsur will join a fireside chat at the 35th Annual Roth Conference on March 14, 2023, at 12:00 PM PT (3:00 PM ET). Nuvectis is developing innovative treatments, including NXP800, currently in a Phase 1a trial for advanced solid tumors and has received Fast Track Designation from the FDA for treating platinum-resistant ovarian carcinoma. Another candidate, NXP900, is pending IND submission.

For more details, visit www.nuvectis.com.

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Nuvectis Pharma, Inc. (NASDAQ: NVCT) reported significant advancements in 2022, highlighted by FDA's Fast Track Designation for NXP800 aimed at treating ARID1A-mutated ovarian carcinoma. The ENOT and GOG Foundation will spearhead the Phase 1b clinical trial for NXP800. Additionally, the IND submission and Phase 1 study for NXP900 are anticipated in the first half of 2023. Financially, the company ended 2022 with $20 million in cash and an increased net loss of $19.1 million, reflecting rising R&D costs at $13.2 million. Nuvectis remains optimistic about its programs, emphasizing the year as potentially transformational for its drug candidates.

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Nuvectis Pharma (NASDAQ: NVCT) announced promising results for its drug candidate NXP800 at the ESMO Gynecological Cancers Congress. In two in vivo xenograft models of ARID1a-mutated ovarian carcinoma, NXP800 demonstrated significant tumor growth inhibition (TGI) of 70% and 82%, outperforming cisplatin's TGI of 42% and 20%, respectively.

Dr. Susana Banerjee highlighted the urgent need for new therapies for ovarian cancer patients, particularly those with ARID1a mutations, which are linked to poor outcomes. NXP800 is set to enter a Phase 1b clinical trial, following its Fast Track Designation from the FDA for treating platinum-resistant ovarian carcinoma.

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FAQ

What is the current stock price of Nuvectis Pharma (NVCT)?

The current stock price of Nuvectis Pharma (NVCT) is $4.52 as of December 20, 2024.

What is the market cap of Nuvectis Pharma (NVCT)?

The market cap of Nuvectis Pharma (NVCT) is approximately 89.3M.

What does Nuvectis Pharma, Inc. specialize in?

Nuvectis Pharma specializes in developing innovative precision medicines for the treatment of serious conditions of unmet medical need in oncology.

What are Nuvectis Pharma's main drug candidates?

The main drug candidates are NXP800, an oral small molecule for platinum-resistant, ARID1a-mutated ovarian carcinoma, and NXP900, a SRC/YES1 kinase inhibitor for various cancer indications.

What recent collaborations has Nuvectis Pharma announced?

Nuvectis recently announced a collaboration with Mayo Clinic to evaluate NXP800 in an investigator-sponsored clinical trial for cholangiocarcinoma.

What designations has the FDA granted to NXP800?

The FDA has granted Fast Track Designation for NXP800 in platinum-resistant, ARID1a-mutated ovarian carcinoma, and Orphan Drug Designation for cholangiocarcinoma.

What is the financial condition of Nuvectis Pharma?

As of December 31, 2023, Nuvectis had $19.1 million in cash and cash equivalents, with a net loss of $22.3 million for the year.

What are the expected milestones for Nuvectis Pharma in 2024?

Nuvectis expects several key clinical milestones, including updates from ongoing trials of NXP800 and NXP900.

Who is the CEO of Nuvectis Pharma?

Ron Bentsur is the Chairman, Chief Executive Officer, and President of Nuvectis Pharma.

Where is Nuvectis Pharma headquartered?

Nuvectis Pharma is headquartered in Fort Lee, New Jersey.

What recent clinical data was released regarding NXP800?

Preliminary data from the Phase 1b clinical trial of NXP800 in platinum-resistant, ARID1a-mutated ovarian carcinoma showed a 33% response rate and a 100% disease control rate.

How is NXP900 being evaluated in preclinical studies?

NXP900 has demonstrated potent activity as a single agent and in combination with other therapies in preclinical studies, especially in NSCLC resistant to EGFR and ALK inhibitors.

Nuvectis Pharma, Inc.

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