Nuvectis rises as it secures two experimental drugs in licensing deal

Nuvectis Pharma

22/06/2026 13:16

** Shares of Nuvectis Pharma NVCT.O rise 5.6% to $14.60 premarket
** The biotech firm says it licensed two experimental drugs from China's Haisco, expanding into rare disease and cancer
** Adds that first drug NXP100 is a once-daily pill for complement-mediated diseases, conditions where the immune system damages blood cells, including rare blood disorder PNH
** Studies showed patients achieved healthy hemoglobin without transfusions; China filings under review - NVCT
** Says second drug NXP200 is an oral cancer treatment targeting BRAF mutations, genetic changes that drive tumor growth
** Adds that early data showed tumor shrinkage in heavily treated patients; China trial ongoing
** Says deal includes up to $40 mln upfront, up to $1.4 bln in milestones and royalties
** As of close, stock up ~83% YTD
 
  
 

 (Reporting by Sahil Pandey in Bengaluru)
 ((Sahil.Pandey@thomsonreuters.com))