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Nuvectis Pharma, Inc. reports developments as a clinical-stage biopharmaceutical company focused on precision medicines for serious oncology indications. Company news centers on NXP900, an oral small-molecule inhibitor of the SRC Family of Kinases, including SRC and YES1, and on clinical and preclinical work in genetically or molecularly defined cancer settings.
Recurring updates include financial results, business highlights, clinical program progress, AACR and other oncology conference presentations, pharmacokinetic and pharmacodynamic findings, drug-drug interaction data, and combination-therapy research in non-small cell lung cancer and other advanced solid tumors. News also covers capital resources and financing activity tied to development operations.
Nuvectis Pharma (NASDAQ: NVCT) reported its Q2 2024 financial results and business highlights. The company continues to advance clinical trials for NXP800 and NXP900. The Phase 1b trial for NXP800 in platinum-resistant, ARID1a-mutated ovarian cancer is ongoing, with an update expected this fall. An Investigator-sponsored trial in cholangiocarcinoma is also recruiting patients. For NXP900, three cohorts have been completed in the dose escalation trial without dose-limiting toxicities.
Financial highlights include:
- Cash and equivalents of $18.1 million as of June 30, 2024
- Net loss of $4.4 million for Q2 2024, down from $5.8 million in Q2 2023
- R&D expenses decreased to $2.9 million from $4.3 million year-over-year
- G&A expenses increased slightly to $1.7 million
Nuvectis Pharma (NASDAQ: NVCT) will participate in the H.C. Wainwright 2nd BioConnect Investor Conference.
CEO Ron Bentsur will present on May 20, 2024, at 12:00 PM Eastern Time at NASDAQ headquarters in NYC.
As a clinical-stage biopharmaceutical company, Nuvectis focuses on developing precision medicines for serious oncology conditions with unmet medical needs.
Nuvectis Pharma, Inc. reported encouraging preliminary data from the NXP800 Phase 1b study in platinum resistant, ARID1a-mutated ovarian cancer and robust activity of NXP900 in non-small cell cancer cell lines. Several clinical data updates are expected in the second half of 2024. The company remains cash flow efficient with approximately $19.5 million in cash, providing runway into the second half of 2025. Financially, cash and cash equivalents increased to $19.5 million from $19.1 million, with a net loss of $4.2 million for the first quarter of 2024, including $1.3 million in non-cash stock-based compensation.
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