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Sep 30, 2023

Nuvation Bio Q3 2023 Earnings Report

Reported financial results for the third quarter ended September 30, 2023, and provided a business update.

Key Takeaways

Nuvation Bio reported a net loss of $19.6 million, or $(0.09) per share, and had cash, cash equivalents and marketable securities of $619.3 million as of September 30, 2023.

Phase 1 monotherapy study of NUV-868 and Phase 1b study of NUV-868 in combination with olaparib or enzalutamide are ongoing.

Expect to submit an IND for first Drug-Drug Conjugate (DDC) clinical candidate by year end 2023.

Cash, cash equivalents, and marketable securities of $619.3 million as of September 30, 2023.

Reported a net loss of $19.6 million, or $(0.09) per share.

Total Revenue
$0
0
EPS
-$0.09
Previous year: -$0.12
-25.0%
R&D Expenses
$18.6M
Previous year: $21.3M
-12.8%
G&A Expenses
$7.78M
Previous year: $8.04M
-3.3%
Gross Profit
-$55K
Cash and Equivalents
$24.4M
Previous year: $139M
-82.4%
Free Cash Flow
-$16.2M
Total Assets
$631M
Previous year: $686M
-8.1%

Nuvation Bio

Nuvation Bio

Forward Guidance

Nuvation Bio expects to submit an IND for first Drug-Drug Conjugate (DDC) clinical candidate by year end 2023.