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NUVB — Nuvation Bio News Story

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Nuvation Bio rises as brain cancer drug data spur expansion of studies

BUZZ-Nuvation Bio rises as brain cancer drug data spur expansion of studies

** Shares of cancer treatment firm Nuvation Bio NUVB.N rise 5.3% to $6.11

** Co says its experimental brain cancer drug, safusidenib, showed a 52% confirmed response rate in patients with IDH1-mutant glioma, a common type of brain tumor caused by a gene mutation

** Says nearly 80% of patients were alive without their disease worsening three years after starting treatment in a Japanese mid-stage study

** Co will start a late-stage study outside the U.S. in about 140 newly diagnosed patients who have not received chemotherapy or radiation

** Says safusidenib's safety profile remained manageable

** Including session's move, stock down ~32% YTD


(Reporting by Sahil Pandey in Bengaluru)

((Sahil.Pandey@thomsonreuters.com))

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