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Nuvalent, Inc. - NUVL STOCK NEWS

Welcome to our dedicated page for Nuvalent news (Ticker: NUVL), a resource for investors and traders seeking the latest updates and insights on Nuvalent stock.

Nuvalent, Inc. (Nasdaq: NUVL) is a clinical-stage biopharmaceutical company dedicated to improving human health by developing innovative small molecule therapeutics. The company uses advanced chemical insights to target biological mechanisms in new ways, focusing particularly on 'undruggable' targets. Nuvalent’s research aims to produce first-in-class and best-in-class small molecule therapies that significantly enhance patient outcomes.

Nuvalent is primarily engaged in creating precisely targeted therapies for cancer patients. Its novel approach seeks to surmount the limitations of existing treatments for clinically validated kinase targets. All of Nuvalent’s operations are based in the United States.

Key product candidates include:

  • NVL-520: A brain-penetrant ROS1-selective inhibitor aimed at overcoming resistance to current ROS1 inhibitors and treating brain metastases in patients with ROS1-positive non-small cell lung cancer (NSCLC).
  • NVL-655: An ALK-selective inhibitor designed to combat resistance and brain metastases in ALK-positive NSCLC.
  • NVL-330: An HER2-selective inhibitor for treating HER2-mutant tumors, including those with HER2 exon 20 insertion mutations and brain metastases.

Nuvalent has made significant progress in its pipeline. Recently, the company presented preliminary proof-of-concept data for its ROS1 and ALK programs and advanced NVL-330 towards clinical development. Their latest financial results indicate a strong balance sheet, providing a cash runway into 2027.

On the partnership front, Nuvalent continues to attract support from both new and long-standing stockholders, as demonstrated by a successful $300 million public offering. The company is also expanding its team to support its global development plans and aims to submit new drug applications (NDAs) by 2026.

Recent significant milestones include:

  • Initiation of the Phase 2 portion of the ALKOVE-1 study for NVL-655.
  • FDA breakthrough therapy designation for NVL-520 and NVL-655 for specific NSCLC indications.
  • Pipeline progress updates at major medical meetings.

In 2024, Nuvalent revealed its “OnTarget 2026” operating plan, aiming for its first potential product approval by 2026. This plan underscores Nuvalent’s commitment to delivering new treatments to patients as swiftly as possible.

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Nuvalent (NUVL) has appointed Grant Bogle to its Board of Directors, bringing nearly four decades of biotechnology leadership experience. Bogle's previous roles include CEO of Epizyme and Chief Commercial Officer at TESARO, both of which were successfully acquired by larger pharmaceutical companies.

The appointment comes as Nuvalent prepares for potential pivotal data readouts in 2025 from two parallel-lead programs: the ARROS-1 trial of zidesamtinib (ROS1-selective inhibitor) and the ALKOVE-1 trial of NVL-655 (ALK-selective inhibitor). The company anticipates its first pipeline approval in 2026 and plans to initiate the Phase 3 ALKAZAR trial in early 2025, comparing NVL-655 to ALECENSA for ALK-positive NSCLC treatment.

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Nuvalent (NUVL), a clinical-stage biopharmaceutical company developing targeted cancer therapies, has announced its participation in the Piper Sandler 36th Annual Healthcare Conference. The company's CEO James Porter and CFO Alexandra Balcom will engage in a fireside chat on December 3, 2024, at 3:30 p.m. ET in NYC. The presentation will be accessible via live webcast on Nuvalent's website investor section and will remain available for 30 days afterward.

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Nuvalent (NUVL) reported Q3 2024 financial results and pipeline achievements. The company maintains a strong cash position of $1.2 billion, including proceeds from a $575 million public offering, extending operating runway into 2028. Key highlights include ongoing enrollment in Phase 2 trials for both ROS1 and ALK programs, with pivotal data expected in 2025. The company reported Q3 net loss of $84.3 million, with R&D expenses of $60.6 million and G&A expenses of $15.8 million. Notable appointment includes Dr. Alice Shaw to Scientific Advisory Board.

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Nuvectis Pharma (NASDAQ: NVCT) showcased promising results at the AACR-NCI-EORTC Symposium, where its drug candidate NXP900 demonstrated strong synergy with ALK inhibitors in resistant non-small cell lung cancer (NSCLC) cells. The drug effectively targets SRC/YES1 kinases, addressing resistance mechanisms in cancer treatment.

The company is also anticipating data updates from NXP800's Phase 1b study in platinum-resistant, ARID1a-mutated ovarian cancer. With a current market valuation of approximately $150 million, Nuvectis is positioning itself alongside industry players like Summit Therapeutics ($15B) and Nuvalent ($6.6B) in the precision oncology space.

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Nuvalent (Nasdaq: NUVL) has successfully closed its upsized public offering of Class A common stock. The biopharmaceutical company, focused on developing targeted cancer therapies, sold 5,750,000 shares at $100.00 per share, including the full exercise of the underwriters' option to purchase additional shares. The offering generated gross proceeds of approximately $575.0 million, before deducting underwriting discounts, commissions, and other expenses.

The offering was conducted through an automatically effective shelf registration statement filed with the SEC. J.P. Morgan, TD Cowen, Jefferies, and Stifel acted as joint book-running managers for the transaction. The shares were offered pursuant to a prospectus and prospectus supplement, which are available on the SEC's website and from the underwriters.

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Nuvalent (Nasdaq: NUVL), a clinical-stage biopharmaceutical company, has announced the pricing of an upsized public offering of 5,000,000 shares of Class A common stock at $100.00 per share. The offering is expected to generate gross proceeds of approximately $500.0 million for Nuvalent. The underwriters have a 30-day option to purchase up to an additional 750,000 shares. The offering is anticipated to close on September 18, 2024, subject to customary closing conditions. J.P. Morgan, TD Cowen, Jefferies, and Stifel are acting as joint book-running managers for the offering.

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Nuvalent (Nasdaq: NUVL), a clinical-stage biopharmaceutical company, has announced a $350 million public offering of Class A common stock. The company is offering all shares and plans to grant underwriters a 30-day option to purchase up to an additional 15% of shares. J.P. Morgan, TD Cowen, Jefferies, and Stifel are acting as joint book-running managers for the offering.

The offering is being made through an automatically effective shelf registration statement filed with the SEC. A preliminary prospectus supplement will be filed, detailing the terms of the offering. The completion, size, and terms of the offering are subject to market conditions and cannot be guaranteed.

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Nuvalent (NUVL) presented updated Phase 1 data for its lead ROS1 and ALK inhibitors at ESMO 2024, highlighting potential best-in-class profiles. Key updates include:

1. Rapid enrollment in Phase 2 trials for both programs, with pivotal data now expected in 2025.

2. Zidesamtinib (ROS1 inhibitor) showed 44% ORR in pre-treated ROS1+ NSCLC patients, with 83% having 6+ month response duration.

3. NVL-655 (ALK inhibitor) demonstrated 38% ORR in heavily pre-treated ALK+ NSCLC patients at the recommended Phase 2 dose.

4. Both drugs were well-tolerated with favorable safety profiles.

5. A Phase 3 trial (ALKAZAR) for NVL-655 in treatment-naïve ALK+ NSCLC patients is planned for H1 2025.

These updates suggest accelerated development timelines and potential for both drugs to address unmet needs in ROS1+ and ALK+ NSCLC treatment paradigms.

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Nuvalent (Nasdaq: NUVL) has published a manuscript in Cancer Discovery detailing the design and characterization of NVL-655, their ALK-selective inhibitor for ALK-positive non-small cell lung cancer (NSCLC). The publication highlights:

1. NVL-655's activity against ALK single and compound resistance mutations
2. Its selectivity for ALK over TRK family, potentially reducing neurological adverse events
3. Preclinical studies demonstrating brain penetrance and intracranial activity
4. Three case studies from the ALKOVE-1 trial showing tumor responses without CNS effects

The ongoing global Phase 2 portion of the ALKOVE-1 trial is designed with registrational intent. Updated Phase 1 data will be presented at the ESMO Congress 2024 in Barcelona.

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Nuvalent (NUVL) announced updated Phase 1 data for its ALK-selective inhibitor NVL-655 and ROS1-selective inhibitor zidesamtinib at ESMO Congress 2024. Key highlights:

- NVL-655 showed 38% overall response rate (ORR) in heavily pre-treated ALK+ NSCLC patients, with 9.2 month median duration of response (DOR)

- Zidesamtinib demonstrated 38% ORR in ROS1+ NSCLC patients previously treated with ROS1 TKIs, with median DOR not reached

- Both drugs showed promising intracranial activity and favorable safety profiles

- Phase 2 trials with registrational intent are ongoing for both drugs in TKI-naïve and pre-treated patients

The company believes these results support the potential for NVL-655 and zidesamtinib to become best-in-class therapies for ALK+ and ROS1+ NSCLC, respectively.

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FAQ

What is the current stock price of Nuvalent (NUVL)?

The current stock price of Nuvalent (NUVL) is $93.61 as of December 11, 2024.

What is the market cap of Nuvalent (NUVL)?

The market cap of Nuvalent (NUVL) is approximately 6.7B.

What is Nuvalent, Inc. specialized in?

Nuvalent, Inc. specializes in developing innovative small molecule therapeutics for cancer patients, focusing on overcoming the limitations of existing therapies for clinically proven kinase targets.

What are the key product candidates of Nuvalent?

Key product candidates include NVL-520 for ROS1-positive NSCLC, NVL-655 for ALK-positive NSCLC, and NVL-330 for HER2-mutant tumors.

What recent achievements has Nuvalent made?

Nuvalent has advanced NVL-330 towards clinical development, received FDA breakthrough therapy designations for NVL-520 and NVL-655, and initiated the Phase 2 portion of the ALKOVE-1 study for NVL-655.

Where are Nuvalent's operations based?

All of Nuvalent’s operations are based in the United States.

What is the 'OnTarget 2026' operating plan?

'OnTarget 2026' is Nuvalent’s three-year operating plan aimed at achieving its first potential product approval by 2026.

How is Nuvalent funded for its operations?

Nuvalent has a strong balance sheet with a cash runway expected to extend into 2027, supported by a successful $300 million public offering.

What is the significance of FDA breakthrough therapy designation for NVL-520 and NVL-655?

The FDA breakthrough therapy designations for NVL-520 and NVL-655 highlight the potential of these candidates to provide substantial improvements over existing therapies for specific NSCLC indications.

What makes Nuvalent's approach unique?

Nuvalent uses cutting-edge chemical insights to engage biological targets in new ways, enabling the development of therapies for 'undruggable' targets and creating first-in-class and best-in-class small molecule therapeutics.

How can one stay updated on Nuvalent’s progress?

Nuvalent regularly provides updates on its pipeline progress and financial results through press releases and at medical meetings. Information can also be found on their official website.

What are the anticipated milestones for 2024?

Anticipated milestones include sharing clinical updates from ROS1 and ALK programs, dosing the first patient in the HER2 program, and providing updates at medical meetings.

Nuvalent, Inc.

Nasdaq:NUVL

NUVL Rankings

NUVL Stock Data

6.69B
60.76M
2.84%
108.49%
6.9%
Biotechnology
Pharmaceutical Preparations
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United States of America
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