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Nuvation Bio Q3 revenue up on IBTROZI sales 

By Reuters News


Overview

  • Oncology drugmaker's Q3 revenue rose to $45 mln, up from a year earlier

  • Net loss for Q3 narrowed to $41.9 mln from $55.8 mln last year

  • FDA granted Fast Track Designation to safusidenib for IDH1-mutant glioma


Outlook

  • Company plans further updates on drug-drug conjugate platform by year-end 2026

  • Nuvation Bio advancing Phase 2 and pivotal Phase 3 studies for safusidenib in IDH1-mutant glioma

  • Company expanding SIGMA Phase 3 study for safusidenib to additional European countries


Result Drivers

  • IBTROZI GROWTH - Net product revenue for IBTROZI rose 18% quarter-over-quarter, driven by continued adoption and treatment durability

  • MARKET LEADERSHIP - IBTROZI maintained its position as the most prescribed ROS1 TKI, with new patient starts steady despite a 15% decline in the overall market

  • COLLABORATION REVENUE - Higher collaboration and license revenue was driven by increased product supply revenue, a sales milestone, and greater royalty income


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Loss Per Share

$0.12

Q3 Net Loss

$41.90 mln

Q3 Income from Pperations

-$42.21 mln

Q3 Pretax Loss

$41.90 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the biotechnology & medical research peer group is "buy"

  • Wall Street's median 12-month price target for Nuvation Bio Inc. is $12.00, about 155.9% above its November 3 closing price of $4.69


Reuters Recommended Reads

  • Nov 4 - BioCryst Q3 revenue rises 13% on ORLADEYO sales

  • Nov 2 - Neurocrine Biosciences Q3 revenue jumps 41% on strong INGREZZA, CRENESSITY, VYKAT XR demand

  • Nov 2 - Vertex Pharmaceuticals' Q3 revenue slightly beats estimates, outlook raised


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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