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Stock impact report

Nuvation Bio Inc. (NUVB) is a Buy at H.C. Wainwright on Cancer Drug Development Progress [Yahoo! Finance]

Nuvation Bio Inc. Class A (NUVB) 
Company Research Source: Yahoo! Finance
Wainwright analyst Robert Burns reiterated a Buy rating on the stock and set a $10 price target. The Buy rating was issued after Nuvation Bio Inc. (NYSE:NUVB) announced the enrollment of 204 new patients in its trial of IBTROZI, a cancer therapy for non-small cell lung cancer. Nuvation Bio Inc. (NUVB) is a Buy at H.C. Wainwright on Cancer Drug Development Progress Copyright: dolgachov / 123RF Stock Photo The enrollment comes on IBTROZI, showing a robust durability profile with a 50-month median duration of response. In September, the company's partner, Nippon Kayaku, secured approval from Japan's Ministry of Health for the use of the drug in patients with advanced ROS1+ NSCLC. Consequently, the company is on track to receive a $25 million milestone payment upon establishing the reimbursement price in Japan. “Our early launch progress underscores our team's expertise in rare disease and ability to execute, as well as the positive sentiment of the community for the value of our Show less Read more
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