earnings
confidence high
sentiment neutral
materiality 0.60
Nuvectis Pharma reports Q3 net loss $5.9M; provides NXP800/NXP900 clinical updates
Nuvectis Pharma, Inc.
2022-Q3 EPS reported
-$1.03
- Net loss $5.9M for Q3 2022 vs $4.7M in Q3 2021; cash $23.6M as of Sep 30, 2022.
- Phase 1a dose escalation of NXP800 ongoing; Phase 1b expansion expected to start Q1 2023.
- IND-enabling studies for NXP900 ongoing; IND or equivalent submission expected Q1 2023.
- Positive preclinical data for NXP800 in ARID1a-mutated gastric cancer model.
- Cash runway into H2 2024; formed Scientific Advisory Board.