earnings
confidence high
sentiment negative
materiality 0.60
Nuvation Bio Q4 net loss $25.1M, cash $765.4M; NUV-422 gets Fast Track
Nuvation Bio Inc.
2022-FY EPS reported
-$0.44
- Net loss Q4 2021 was $25.1M ($0.12/share) vs $13.3M ($0.11) in Q4 2020.
- Full-year 2021 net loss $86.8M vs $41.7M in 2020; R&D spend $69.0M (up from $32.6M).
- Cash, equivalents, and marketable securities $765.4M as of Dec 31, 2021.
- FDA Fast Track for NUV-422 (high-grade gliomas); IND cleared for NUV-868 (solid tumors).
- Expects Phase 1 safety data for NUV-422 in 2022; multiple pipeline milestones planned.