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Stock impact report

Nuvation Bio Inc. (NUVB) Turns Bullish amid Positive Regulatory Trajectory in Europe [Yahoo! Finance]

Nuvation Bio Inc. Class A (NUVB) 
Company Research Source: Yahoo! Finance
Wainwright reiterated a Buy rating on Nuvation Bio Inc. (NYSE:NUVB) with a $17 price target. The bullish stance is in response to positive regulatory developments in Europe. Nuvation Bio Inc. (NUVB) Turns Bullish amid Positive Regulatory Trajectory in Europe The European Medicines Agency has validated the company's Marketing Authorization Application for the candidate treatment of advanced ROS1-positive non-small cell lung cancer. Consequently, the review of taletrectinib is expected to take 1 year. The research firm expects an uneventful approval process in the EU, based on the topline clinical trial data. Nuvation Bio made the submission following positive pivotal Phase 2 TRUST-I and TRUST-II studies. Therefore, European Market authorization is to be supported by favorable feedback received at a permission meeting with the CHMP Rapporteur and Co-Rapporteur. The company is on course to secure $30 million in milestone payments from partner Eisai on securing EU regulatory appro Show less Read more
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