Nuvalent Raises $300M in Public Stock Offering

1 min read
Source: Endpoints News
Nuvalent Raises $300M in Public Stock Offering
Photo: Endpoints News
TL;DR

Cancer biotech company Nuvalent has announced a $300 million public offering of its common stock following positive Phase I results for its ALK-selective tyrosine kinase inhibitor candidate, NVL-655, in ALK-positive non-small cell lung cancer patients, with a 39% objective response rate observed in evaluable patients.

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