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Nuvectis Pharma Inc (OQ:NVCT)

Business Focus: Bio Therapeutic Drugs

Sector:  Healthcare Industry:  Biotechnology & Medical Research
 
See Regulatory Filings on SEC
Company Contact
Address: 1 Bridge Plaza, Suite 275
FORT LEE NJ 07024
Tel: N/A
Website: https://nuvectis.com
IR: See website
Key People
Ron E. Bentsur
Chairman of the Board, President, Chief Executive Officer, Co-Founder
Shay Shemesh
Co-Founder, Executive Vice President, Chief Development and Operations Officer
Enrique Poradosu
Executive Vice President, Chief Scientific and Business Office, Co-Founder
Michael Carson
Vice President - Finance
   
Business Overview
Nuvectis Pharma, Inc. is a clinical-stage biopharmaceutical company focused on the development of precision medicines for the treatment of serious conditions of unmet medical need in oncology. The Company is developing two drug candidates: NXP800 and NXP900. NXP800 is an oral small molecule GCN2 activator, which is in a Phase 1b clinical trial for the treatment for platinum resistant, ARID1a-mutated ovarian carcinoma and in an investigator-sponsored clinical trial for the treatment of cholangiocarcinoma. NXP800 activates the GCN2 kinase inducing inhibition of cap-dependent protein translation and activation of the integrated stress response leading to cancer cell death. NXP900 is a targeted-therapy, small molecule drug candidate that inhibits the proto-oncogene c-Src (SRC) and YES1 kinases, which is undergoing a Phase 1a dose escalation study. SRC is aberrantly activated in many cancer types, including solid tumor cancers such as breast, colon, prostate, pancreatic and ovarian cancers.
Financial Overview
For the three months ended 31 March 2024, Nuvectis Pharma Inc revenues was not reported. Net loss increased 3% to $4.2M. Higher net loss reflects Labor & Related Expenses in increase of 14% to $1.5M (expense), RESEARCH AND DEVELOPMENT - Balanci increase of 11% to $1.1M (expense), GENERAL AND ADMINISTRATIVE - Balancin increase of 1% to $1.2M (expense). Basic Earnings per Share excluding Extraordinary Items increased from -$0.27 to -$0.25.