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NextCure Provides Business Update

Key Takeaway: NextCure, Inc. has provided updates on its two antibody drug conjugate (ADC) programs, SIM0505 and LNCB74, both currently in Phase 1 trials. The company anticipates preliminary data for SIM0505 in Q2 2026. Additionally, NextCure reported its preliminary cash position for year-end 2025, highlighting its focus on developing innovative cancer therapies.
Price reaction · baseline $12.65 (2026-01-22 close) · hit pre-market · 1 other NXTC headline(s) in the window, move may be shared
day 0 close
-5.8%
day 1
-3.6%
day 3 · peak
-15.4%

Market Sentiment Analysis

POSITIVE FACTORS

  • NextCure is advancing two promising ADC programs.
  • The company has a strong focus on innovative cancer therapies.
  • Positive expectations for SIM0505's Phase 1 data in Q2 2026.

CONCERNS & RISKS

  • NextCure has a history of significant losses.
  • The company has not yet achieved product approval for commercial sale.
  • Risks related to clinical development and reliance on partners.

BiopharmaWatch Analysis

From our catalyst data and publicly available data · not financial advice
Best trade, last catalyst
+66%
120-day peak, hindsight
Typical move
5.6%
average across 3 past catalysts
Cash runway
~6 mo
High dilution risk
Lead asset
NC318
Phase 2 · Advanced Non-small Cell Lung Cancer

Full Press Release Details

BELTSVILLE, Md., Jan. 23, 2026 (GLOBE NEWSWIRE) --NextCure, Inc.(Nasdaq: NXTC), a clinical-stage biopharmaceutical company committed to developing novel therapies to treat cancer, today provided updates for its two antibody drug conjugate (ADC) programs and reported a preliminary year-end 2025 cash position.
SIM0505 (CDH6 ADC): Phase 1 dose escalation data expected in Q2 2026SIM0505 is a novel ADC directed to cadherin-6 (CDH6 ADC), which is overexpressed in several cancers with limited expression in healthy tissues. SIM0505 features a proprietary topoisomerase 1 inhibitor (TOPOi) payload, designed for broad anti-tumor activity, fast systemic clearance and an improved potential therapeutic window.
LNCB74 (B7-H4 ADC): Ongoing Phase 1 dose escalationLNCB74 is a novel ADC directed to B7-H4, overexpressed in several cancers with limited expression in healthy tissues. LNCB74 features a proprietary tumor-selective cleavable linker and a tubulin inhibitor monomethyl auristatin E (MMAE) payload.

Financial Position (unaudited) and Cash Runway

About SIM0505

SIM0505 is a novel antibody drug conjugate (ADC) directed to cadherin-6 (CDH6 ADC), featuring a proprietary topoisomerase 1 inhibitor (TOPOi) payload. The ADC is designed for broad anti-tumor activity, fast systemic clearance and an improved potential therapeutic window. SIM0505 is being evaluated in an open-label, Phase 1 study for the potential treatment of advanced solid tumors. NextCure has global rights for SIM0505, excluding China, Hong Kong, Macau, and Taiwan which are retained by Simcere Zaiming.

About LNCB74

LNCB74 is novel antibody drug conjugate (ADC) directed to B7-H4, featuring a proprietary tumor-selective cleavable linker and a tubulin inhibitor monomethyl auristatin E (MMAE) payload. LNCB74 is being evaluated in an open-label, Phase 1 study for the potential treatment of advanced solid tumors. NextCure shares global co-development rights with LigaChem Biosciences Inc through a 50-50 cost share arrangement.

About NextCure, Inc.

NextCure is a clinical-stage biopharmaceutical company that is focused on advancing innovative medicines that treat cancer patients who do not respond to, or have disease progression on, current therapies, through the use of targeted therapies including antibody-drug conjugates. We focus on advancing therapies that leverage our core strengths in understanding biological pathways and biomarkers, the interactions of cells within and beyond the tumor microenvironment, and the role each interaction plays in a biologic response.
Please visit"http://www.nextcure.com"for more information.

Forward-Looking Statements:

Some of the statements contained in this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including with respect to statements related to our cash runway and expectations for our business, operations and financial performance and condition, including the progress and results of clinical trials, development plans and upcoming milestones regarding our therapies. Any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “aim,” “anticipate,” “assume,” “believe,” “continue,” “could,” “should,” “due,” “estimate,” “expect,” “intend,” “hope,” “may,” “objective,” “plan,” “predict,” “potential,” “positioned,” “seek,” “target,” “will,” “would” and other similar expressions that are predictions of or indicate future events and future trends, or the negative of these terms or similar language.
Forward-looking statements involve substantial risks and uncertainties that could cause actual results to differ materially from those projected in any forward-looking statement. Such risks and uncertainties include, among others: market and other conditions, positive results in preclinical studies may not be predictive of the results of clinical trials; NextCure’s limited operating history and not having any products approved for commercial sale; NextCure’s history of significant losses; NextCure’s need and ability to obtain additional financing on acceptable terms or at all; risks related to clinical development, marketing approval and commercialization, including risks associated with reliance upon our collaborative partners and international vendors; NextCure’s ability to maintain listing of its common stock on the Nasdaq Global Select Market; and NextCure’s dependence on key personnel. More detailed information on these and additional factors that could affect NextCure’s actual results are described under the heading “Risk Factors” in NextCure’s most recent Annual Report on Form 10-K for the year ended December 31, 2024 and Quarterly Report on Form 10-Q for the quarter ended September 30, 2025, and in NextCure’s other filings with the Securities and Exchange Commission. You should not place undue reliance on any forward-looking statements. Forward-looking statements speak only as of the date of this press release, and NextCure assumes no obligation to update any forward-looking statements, even if expectations change.

Investor Inquiries

Frequently Asked Questions

What are the updates from NextCure?

NextCure provided updates on its ADC programs, SIM0505 and LNCB74, both in Phase 1 trials.

When is the data for SIM0505 expected?

Preliminary data for SIM0505 is expected in Q2 2026.

What is the focus of NextCure?

NextCure focuses on developing innovative therapies for cancer patients with limited treatment options.

What is the financial position of NextCure?

NextCure reported its preliminary cash position for year-end 2025.

Last updated: Jan 23, 2026