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Nuvectis Pharma Priced, Nasdaq: NVCT

Phase 1-ready biotech developing in-licensed precision therapies for cancer.

Industry: Health Care

Latest Trade: $6.31 0.00 (0.0%)

First Day Return: -35.0%

Return from IPO: +26.2%

Industry: Health Care

We are a biopharmaceutical company focused on the development of innovative precision medicines for the treatment of serious unmet medical needs in oncology. We rely on our core competencies of target selection, drug profiling, and clinical and regulatory execution to build a pipeline of anticancer targeted-therapy drugs. Improved genetic sequencing and understanding of cancers’ RNA, DNA and protein abnormalities has led to the discovery and characterization of novel oncogenic genetic mutations and alterations that were previously unknown, unaddressed, unsuccessfully targeted or overlooked. We believe that these advancements represent a fundamental change in the development of targeted therapies and will increasingly lead to tumor agnostic approaches whereby cancers will be characterized for treatment based on genetic signatures, such as a certain mutation, rather than in a tissue-specific manner. We are currently developing two preclinical drug candidates with the lead candidate expected to begin a Phase 1 clinical trial in the fourth quarter of 2021. In May 2021, we licensed exclusive worldwide commercial rights to NXP800, an HSF1 pathway inhibitor, our lead product candidate, which was discovered and developed in the drug discovery program at the Institute for Cancer Research (“ICR”) in London, England.
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IPO Data
IPO File Date 10/06/2021
Offer Price $5.00
Price Range $5.00 - $7.00
Offer Shares (mm) 3.2
Deal Size ($mm) $16
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 02/04/2022
Offer Price $5.00
Price Range $5.00 - $7.00
Offer Shares (mm) 3.2
Deal Size ($mm) $16
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
H.C. Wainwright
Company Data
Headquarters Fort Lee, NJ, United States
Founded 2020
Employees at IPO 6
Website www.nuvectis.com

Nuvectis Pharma (NVCT) Performance