CAMBRIDGE, Mass., Feb. 28, 2025 /PRNewswire/ -- Nuvalent, Inc. (Nasdaq: NUVL), a biopharmaceutical company in the clinical stage that develops targeted treatments for confirmed kinase targets in cancer, has announced today that James Porter, Ph.D.
Key data is expected in 2025 for patients with ROS1-positive and ALK-positive NSCLC who have been treated with TKI. The first application for zidesamtinib is planned for mid-2025, aiming for approval in 2026 for ROS1-positive patients. Additionally, a Phase 3 trial for neladalkib in ALK-positive NSCLC is set to start in early 2025, and programs to improve patient access to both drugs have been established.
The strategy focuses on the quickest route to the first possible approval. The initial NDA submission for zidesamtinib in patients with TKI pre-treated ROS1-positive NSCLC is expected by mid-2024, with key data expected in early 2025. Additionally, pivotal data for neladalkib (NVL-655) in TKI pre-treated ALK-positive NSCLC is anticipated by the end of 2025, and the company will present at the 43rd Annual J.P. Morgan Healthcare Conference on January 14th at 9:00 a.m.
Nuvalent's NVL-655 and Zidesamtinib have shown great promise as initial treatments for NSCLC, backed by strong results from Phase I/II trials and FDA approvals. With a solid financial standing and a strong pipeline, Nuvalent is an attractive candidate for mergers and acquisitions, with companies like Pfizer, AstraZeneca, and Novartis possibly interested. However, there are risks such as regulatory issues, challenges in selling the products, tough competition, and financial management concerns, although Nuvalent has enough funds to last until 2028.
CAMBRIDGE, Mass., Dec. 19, 2024 /PRNewswire/ -- Nuvalent, Inc. (Nasdaq: NUVL), a biopharmaceutical company in the clinical stage that aims to develop targeted treatments for confirmed kinase targets in cancer, has announced today that James Porter, Ph.D.
On December 9, 2024, in Cambridge, Massachusetts, Nuvalent, Inc. (Nasdaq: NUVL), a biopharmaceutical company in the clinical stage that develops targeted cancer therapies, announced that Grant Bogle has been appointed to its Board of Directors.
The successful completion of all expected milestones for 2024 and faster development schedules support the OnTarget 2026 plan, aiming for the first approved product by 2026. Dr. Alice Shaw, a prominent medical oncologist, has been appointed to the Scientific Advisory Board. The company has a strong cash reserve of $1.2 billion, which includes funds from a larger public offering of $575 million, and this is projected to sustain operations until 2028.
Nuvalent's main drug candidates, NVL-520 and NVL-655, have demonstrated good effectiveness and safety in early trials. They have been granted Breakthrough Therapy and orphan drug status by the FDA, with important Phase 2 results anticipated in 2025 and possible approvals by 2026. The company also raised $500 million through a secondary offering, indicating strong interest from investors and ensuring funding for Phase 3 trials.
On September 18, 2024, Nuvalent, Inc., a biopharmaceutical company based in Cambridge, Massachusetts, announced that it has successfully completed its larger-than-expected public offering of 5,750,000 shares of Class A common stock. This total includes an additional 750,000 shares that the underwriters fully exercised their option to buy. The shares were offered to the public at a price of $100.00 each.
The positive news follows NUVL's announcement of promising results from two experimental treatments for lung cancer.