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Owning Nurix Therapeutics means buying into a high burn, high uncertainty biotech story where the core bet is that its protein degradation platform eventually produces commercially meaningful cancer and immunology drugs. Operations are still firmly in the clinical stage. The business reported US$36.8m in revenue and a net loss of US$341.4m, so the near term hinges on keeping trials for NX-5948, NX-2127, NX-1607 and NX-0479/GS-6791 on track while managing cash and potential dilution. The recent Wells Fargo conference appearance and the more optimistic earnings outlook behind the Zacks upgrade keep attention on execution and spending discipline rather than changing the basic risk, which is that revenue and earnings are currently expected to decline and profitability is still a few years out.
Even so, there is one pressure point in the Nurix Therapeutics equity story that rarely gets top billing until you look at ...
There's only one way to know the right time to buy, sell or hold Nurix Therapeutics. Head to Simply Wall St's company report for the latest analysis of Nurix Therapeutics's Fair Value.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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