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Stock impact report

Nuvation Bio secures $250m for taletrectinib commercialisation [Yahoo! Finance]

Nuvation Bio Inc. Class A (NUVB) 
Company Research Source: Yahoo! Finance
The financial move will support Nuvation Bio's present clinical-stage pipeline development. It offers potential profitability without requiring additional capital raising. The financing agreement includes a $150m royalty interest financing and an up-to-$100m senior term loan. Sagard will offer an upfront payment of $150m in cash to Nuvation Bio contingent on US Food and Drug Administration (FDA) approval of the therapy by September 2025. In exchange, Sagard will obtain tiered royalties on the therapy's US net sales. The company will earn 5.5% of annual net sales up to $600m and 3% on sales between $600m and $1bn. Nuvation Bio will retain complete yearly US net sales exceeding $1bn. Royalty payments to Sagard will stop once they reach between 1.6 and 2 times the initial investment, depending on the date. Sagard has also committed to an up-to-$100m five-year, senior secured term loan. The first tranche of $50m will be available upon FDA approval of the therapy, and the second Show less Read more
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