earnings
confidence high
sentiment neutral
materiality 0.50
Nuvectis reports Q3 2023 net loss of $5.9M; cash $22.1M; NXP800 orphan drug status
Nuvectis Pharma, Inc.
2023-Q3 EPS reported
-$1.02
- Cash and investments $22.1M at Sep 30, 2023, up from $20.0M at Dec 31, 2022.
- Net loss $5.9M for Q3 2023, unchanged YoY; R&D expenses $4.5M.
- Phase 1b study of NXP800 in platinum-resistant ARID1a-mutated ovarian cancer ongoing; preliminary data expected Q1 2024.
- NXP900 Phase 1a dose escalation initiated in advanced solid tumors; novel preclinical data presented.
- FDA granted NXP800 Orphan Drug Designation for cholangiocarcinoma.