earnings
confidence high
sentiment neutral
materiality 0.60
Nuvation Bio Q4 net loss $13.8M ($0.06/shr); cash $611.2M; pipeline advances for NUV-868 and NUV-1511
Nuvation Bio Inc.
2023-FY EPS reported
-$0.35
- Q4 net loss $13.8M ($0.06/shr); full-year net loss $75.8M, improved from $104.2M in 2022.
- Cash, equivalents and marketable securities $611.2M at Dec 31, 2023.
- Completed NUV-868 Phase 1 monotherapy, determined MTD; Phase 1b combo studies (olaparib/enzalutamide) ongoing.
- FDA cleared IND for NUV-1511, first DDC candidate; Phase 1/2 study expected to start H1 2024.
- Appointed Dr. Robert Mashal to Board of Directors.