Nuvectis (NVCT) Q2 Loss Widens 43%
Nuvectis Pharma (NASDAQ:NVCT), a clinical-stage biopharmaceutical company focused on cancer therapies, released its second quarter 2025 earnings on August 5, 2025. The most important news was the official advancement of NXP900, a targeted oncology drug, to lead program status after the completion of two early-stage clinical studies. The net loss (GAAP) increased to $6.3 million from $4.4 million compared to Q2 2024. As expected for a biotech firm at this stage, no revenue was reported. Cash and cash equivalents (GAAP) were $26.8 million, growing to about $39 million pro forma cash as of June 30, 2025, following a July fundraising event. Overall, the period highlighted clinical progress and a meaningfully extended financial runway, but expenses rose and the company remains reliant on future clinical results.
Source: Analyst estimates for the quarter provided by FactSet.
Nuvectis Pharma develops targeted drug therapies to treat cancers with limited existing options. Its pipeline is built around two main experimental compounds: NXP900, a small-molecule inhibitor targeting SRC and YES1 kinases that are involved in various tumor types; and NXP800, a therapy for ARID1a-mutated ovarian cancer and potentially other difficult-to-treat cancers.
Source Fool.com
