Nuvectis Pharma reports third quarter net loss of $7.5 million

Reuters11-04

<a href="https://laohu8.com/S/NVCT">Nuvectis Pharma</a> reports third quarter net loss of $7.5 million

Nuvectis Pharma Inc. reported cash and cash equivalents of $35.4 million as of September 30, 2025, up from $18.5 million at the end of 2024, primarily due to a public offering in February 2025 and the use of its At-the-Market facility. The company reported a net loss of $7.5 million for the third quarter of 2025, compared to a net loss of $4.2 million for the same period in 2024. The increase in net loss was mainly attributed to a one-time $2.0 million milestone expense for NXP900, $0.7 million related to a clinical drug-drug interaction study, and $1.5 million in non-cash stock-based compensation. Key business developments included the initiation of the NXP900 Phase 1b program as a single agent, completion of the Phase 1a dose escalation study, and the successful completion of a clinical drug-drug interaction study in healthy volunteers. The company expects its cash runway to support operations into the third quarter of 2027.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nuvectis Pharma Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9568202-en) on November 04, 2025, and is solely responsible for the information contained therein.

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