Nuvation Bio beats Q3 revenue expectations, driven by IBTROZI sales

Reuters
11/04
<a href="https://laohu8.com/S/NUVB">Nuvation Bio</a> beats Q3 revenue expectations, driven by IBTROZI sales

Overview

  • Nuvation Bio beat analysts' expectations for Q3 revenue, driven by IBTROZI sales

  • Company reported Q3 net loss of $55.8 mln

  • 204 patients started on IBTROZI in Q3, indicating strong launch progress

Outlook

  • Company expects $25 mln milestone payment from Nippon Kayaku by year-end

  • Nuvation Bio plans sNDA to update IBTROZI label with recent data

  • Company expects taletrectinib listing on China's National Reimbursement Drug List in 2026

Result Drivers

  • IBTROZI LAUNCH - 204 patients started treatment with IBTROZI in Q3, reflecting strong launch progress

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$13.12 mln

$6.61 mln (7 Analysts)

Q3 EPS

-$0.16

Q3 Net Income

-$55.79 mln

Q3 Income from Pperations

-$56.43 mln

Q3 Operating Expenses

$66.20 mln

Q3 Pretax Profit

-$55.79 mln

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", no "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 $10.00, about 47.8% above its October 31 closing price of $5.22

Press Release: ID:nBw3hfs1Za

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