Full Press Release Details
NuCana Regains Compliance with Nasdaq Minimum Bid Price Requirement
Edinburgh, United Kingdom, May 1, 2024 (GLOBE NEWSWIRE) NuCana plc (NASDAQ: NCNA), ( NuCana or the Company ), announced that
it has received a written notification (the Notification Letter ) from the Listing Qualifications Department of the Nasdaq Stock Market, LLC ( Nasdaq ) informing the Company that it has regained compliance with the minimum bid
price requirement for continued listing set forth in Nasdaq Listing Rule 5450(a)(1) (the Minimum Bid Price Requirement ) and the matter is closed.
As announced on May 12, 2023, the Company was notified by Nasdaq that it was not in compliance with the Minimum Bid Price Requirement, as the closing bid
price of the Company s American Depositary Shares (the ADSs ) had been below $1.00 for 30 consecutive business days. On November 13, 2023, in connection with the transfer of its ADSs to the Nasdaq Capital Market, Nasdaq granted
the Company an additional 180-day period (or until May 6, 2024) to regain compliance with the Minimum Bid Price Requirement by maintaining a minimum closing bid price of $1.00 or more for at least 10
consecutive business days.
The Notification Letter confirmed that the Company evidenced a closing bid price of the Company s ADSs on Nasdaq at or
greater than the $1.00 per ADS minimum requirement for 10 consecutive business days from April 16, 2024 to April 29, 2024 and that the Company has regained compliance with the Minimum Bid Price Requirement.
NuCana is a clinical-stage
biopharmaceutical company focused on significantly improving treatment outcomes for patients with cancer by applying our ProTide technology to transform some of the most widely prescribed chemotherapy agents, nucleoside analogs, into more effective
and safer medicines. While these conventional agents remain part of the standard of care for the treatment of many solid and hematological tumors, they have significant shortcomings that limit their efficacy and they are often poorly tolerated.
Utilizing our proprietary technology, we are developing new medicines, ProTides, designed to overcome the key limitations of nucleoside analogs and generate much higher concentrations of anti-cancer metabolites in cancer cells. NuCana s
pipeline includes NUC-3373 and NUC-7738. NUC-3373 is a new chemical entity derived from the nucleoside analog 5-fluorouracil, a widely used chemotherapy agent. NUC-3373 is currently being evaluated in three ongoing clinical studies: a Phase 1b/2 study (NuTide:302) in combination with
leucovorin, irinotecan or oxaliplatin, and bevacizumab in patients with metastatic colorectal cancer; a randomized Phase 2 study (NuTide:323) in combination with leucovorin, irinotecan, and bevacizumab for the second-line treatment of patients with
advanced colorectal cancer; and a Phase 1b/2 modular study (NuTide:303) of NUC-3373 in combination with the PD-1 inhibitor pembrolizumab for patients with advanced solid
tumors and in combination with docetaxel for patients with lung cancer. NUC-7738 is a transformation of 3 -deoxyadenosine, a novel anti-cancer nucleoside analog.
NUC-7738 is in the Phase 2 part of a Phase 1/2 study in patients with advanced solid tumors which is evaluating NUC-7738 as a monotherapy and in combination with
Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are
based on the beliefs and assumptions and on information currently available to management of NuCana plc (the Company ). All statements other than statements of historical fact contained in this press release are forward-looking
statements, including statements concerning the Company s ability to maintain compliance with Nasdaq s minimum bid price requirement and other continued listing requirements of the Nasdaq Capital Market, the Company s planned and
ongoing clinical studies for the Company s product candidates and the potential advantages of those product candidates, including NUC-3373 and NUC-7738; the
initiation, enrollment, timing, progress, release of data from and results of those planned and ongoing clinical studies; the Company s goals with respect to the development, regulatory pathway and potential use, if approved, of each of its
product candidates; and the utility of prior non-clinical and clinical data in determining future clinical results. In some cases, you can identify forward-looking statements by terminology such as
may, will, should, expects, plans, anticipates, believes, estimates, predicts, potential or continue or the negative
of these terms or other comparable terminology. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company s actual results, performance or achievements to be materially different from
any future results, performance or achievements expressed or implied by the forward-looking statements. These risks and uncertainties include, but are not limited to, the risks and uncertainties set forth in the Risk Factors section of
the Company s Annual Report on Form 20-F for the year ended December 31, 2023 filed with the Securities and Exchange Commission ( SEC ) on March 20, 2024, and subsequent reports that
the Company files with the SEC. Forward-looking statements represent the Company s beliefs and assumptions only as of the date of this press release. Although the Company believes that the expectations reflected in the forward-looking
statements are reasonable, it cannot guarantee future results, levels of activity, performance or achievements. Except as required by law, the Company assumes no obligation to publicly update any forward-looking statements for any reason after the
date of this press release to conform any of the forward-looking statements to actual results or to changes in its expectations.
information, please contact:
Chief Executive Officer