NCNA
Published on 05/06/2026 at 05:18 am EDT
A New Era in Oncology
nucana.com
Corporate Presentation
May 2026
Harnessing the Power of Phosphoramidate Chemistry
Transforming Nucleoside Analogs into ProTides
16 FDA Approved
Anti-Cancer Nucleoside Analogs
22 FDA Approved
Anti-Viral Nucleoside Analogs
Including: Including:
Limitations of Nucleoside Analogs
B & Toxicts
Breakdown
Off-target toxicity
yproduc
Dependent on
Uptake
transporters
to enter
cells
Activation
generation of
Inefficient
metabolites
active
Administration
Poor PK leads to
Challenges
sub-optimal
dosing
Hepatitis C
COVID-19
tenofovir alafenamide
HIV & Hepatitis B
Transformed novel nucleoside analog
Highly effective treatment for chronic Hepatitis C infection
Sales: $74 billion1
Transformed nucleoside analog: Viread® (tenofovir disoproxil fumarate)
More effective & safer treatment for HIV & HBV than Viread®
Sales: $135 billion2
Transformed novel nucleoside analog
Treatment for COVID-19
Sales: $17 billion3
1 Sovaldi + Harvoni + Epclusa + Vosevi cumulative sales through December 31, 2025
2 Genvoya + Descovy + Odefsey + Biktarvy + Symtuza + Vemlidy cumulative sales through December 31, 2025
3 Veklury cumulative sales through December 31, 2025
Transformed novel nucleoside analog: 3'-dA
Profoundly impacts gene expression in cancer cells
Targets the tumor microenvironment
Transformed nucleoside analog: FUDR
Targeted Thymidylate Synthase Inhibitor
Induces DNA damage
INDICATION
COMBINATION
PRE-CLINICAL
PHASE 1
PHASE 2
NuTide:701
Study
NuTide:701
Study
NuTide:303
Study
Solid Tumors
Melanoma
Solid Tumors
monotherapy
pembrolizumab
pembrolizumab
NCNA
Cash & Cash Equivalents
December 31, 2025
~$32.6 million#
Cash Runway
into
2029
Important Data Readouts
in
2026
#Based on exchange rate of £1.00 to $1.34 and reported cash of £24.3 million as of December 31, 2025
Unlocking the Potential of Immunotherapy
Expression of immune checkpoint molecules
Secretion of cytokines to suppress immune cell function
Reduced antigen presentation by cancer cells
Hypoxic & acidic environment
Recruitment of immunosuppressive cells
Promotion of angiogenic environment
Metabolic reprogramming causes the secretion of immunosuppressive factors
Cordycepin
A Traditional Chinese Medicine found in the Himalayas
3'-dA
Originally isolated from Cordyceps sinensis in1950
3'-dA has potent anti-cancer activity in vitro and can modulate components of the TME
Despite this, it has not been successfully developed due to rapid breakdown by adenosine deaminase
(3'-dA ProTide)
NUC-7738 transforms PD-1 resistant TME into a therapeutically responsive state
Study
Phase 1
Dose Escalation
(monotherapy)
Phase 2
Dose Optimization
(monotherapy)
Phase 2
Dose Confirmation
(combination)
Phase 2
Expansion
(combination)
NUC-7738
NUC-7738
NUC-7738
NUC-7738
completed
completed
+
pembrolizumab
completed
+
pembrolizumab
ongoing
Number of patients
Cutaneous Melanoma
Cutaneous Melanoma
Tumor Type
PD-1
inhibitor resistant
PD-1
inhibitor resistant
Exhausted all treatment options
Exhausted all treatment options
Patient Population
Plasma
Patients (n=27) dosed at 14 - 900 mg/m2
Dose proportional increase in Cmax and AUC
Intracellular
Patients (n=3) dosed at 900 mg/m2
NUC-7738 efficiently generates active anti-cancer metabolite (3'-dATP)
Long half-life of 3'-dATP (42 hrs)
NUC-7738 has been well tolerated
No Grade 4 toxicities ▪ Low rates of Grade 3 toxicities
MTD
Dose AE occurred
(mg/m2)
14
n=2
28
n=3
42
n=2
70
n=3
112
n=4
182
n=4
273
n=5
400
n=6
600
n=9
750
n=5
900
n=8
1350
n=11
2000
n=2
Total*
n=38
All Grade Treatment-Related Adverse Events (≥10%)
Nausea
0
1 (33%)
0
0
0
0
1 (20%)
0
3 (33%)
2 (40%)
3 (38%)
5 (45%)
1 (50%)
16 (42%)
Fatigue
0
1 (33%)
0
0
0
0
0
1 (17%)
3 (33%)
1 (20%)
3 (38%)
7 (64%)
2 (100%)
14 (37%)
Anemia
0
0
0
0
0
0
0
0
0
0
2 (25%)
4 (36%)
2 (100%)
7 (18%)
Diarrhea
0
0
0
0
0
0
1 (20%)
0
0
1 (20%)
1 (13%)
4 (36%)
0
6 (16%)
Vomiting
0
0
0
0
0
0
0
0
0
1 (20%)
1 (13%)
3 (27%)
1 (50%)
6 (16%)
Mucosal inflammation
0
0
0
0
0
0
0
0
1 (11%)
1 (20%)
0
1 (9%)
1 (50%)
4 (11%)
Decreased appetite
0
0
0
1 (33%)
0
1 (25%)
1 (20%)
0
0
0
1 (13%)
0
0
4 (11%)
Grade 3 Treatment-Related Adverse Events (ALL)
Fatigue
0
0
0
0
0
0
0
0
0
0
0
3 (27%)
2 (100%)
4 (11%)
Anemia
0
0
0
0
0
0
0
0
0
0
1 (13%)
0
0
1 (3%)
Neutropenia
0
0
0
0
0
0
0
0
1 (11%)
0
0
0
0
1 (3%)
Vomiting
0
0
0
0
0
0
0
0
0
0
0
0
1 (50%)
1 (3%)
MTD: maximum tolerated dose
n= number of patients receiving each dose level at any time during the study
*total number of patients who experienced TRAE
Disease Control Rate: 41% (Efficacy Evaluable Patients)
NUC-7738 starting dose 14 mg/m2
Stable Disease: 12 months 14% reduction in tumor volume
Treatment duration: 18 months
8 dose escalations
62 years
2 prior lines
nivolumab + ipilimumab: discontinued within 1 month
CK7 inhibitor: progressed at 1 month
Metastatic Melanoma
NUC-7738 starting dose 400 mg/m2
Stable Disease: 9 months
NUC-7738 treatment enabled complete resection
patient had diffuse disease that was inoperable
Treatment duration: 11 months
1 dose escalation
65 years
1 prior line
1) nivolumab + ipilimumab: discontinued within 1 month
Metastatic Melanoma
72 years
1 prior line
1) imatinib: progressed at 19 months
Metastatic Clival Chordoma
NUC-7738 dose 1,350 mg/m2
Stable disease: 6 months
45% reduction in mandibular lesion Complete disappearance of lip lesion Bleeding from nasal lesion resolved
NUC-7738 starting dose 42 mg/m2
46% reduction in lung lesion 1
Change in character in lung lesion 2 small dense core
surrounded by a larger diffuse "ground-glass" periphery
Treatment duration: 6 months
4 dose escalations
65 years
2 prior lines
carboplatin + pemetrexed: progressed at 6 months
docetaxel: progressed at 4 months
Metastatic Lung Adenocarcinoma
Dose Confirmation Cohort (n=12)
Phase 2
NUC-7738
(1125 mg/m2)*
+
pembrolizumab
(200 mg) Q3W
Q1W
NuTide:701 Study
Cutaneous melanoma
Immunotherapy experienced
ECOG PS 0-1
Exhausted all treatment options
Objective
Key endpoints
Establish RP2D
Safety & tolerability
Anti-tumor activity
PK
Patient population
PD-1 inhibitor resistant patients
Prior Therapy: median (range)
2 (1-3)
PD-1 inhibitor
12
PD-1 inhibitor (adjuvant)
8
PD-1 inhibitor (non-adjuvant)
8
CTLA-4 inhibitor
11
PD-1 + CTLA-4 inhibitor
9
BRAF + MEK inhibitor
1
*Starting dose was 1125 mg/m2 which was escalated to 1350 mg/m2 if well tolerated
NUC-7738 + pembrolizumab has been well tolerated (n=12)
Low rates of Grade ≥3 toxicities ▪ 1 patient experienced Grade 4 transaminitis (ALT/AST increased)
Treatment Related Adverse Events
All Grades n(%)
Grade 3 n(%)
Grade 4 n(%)
Nausea
9 (75)
0
0
ALT increased
6 (50)
1 (8)
1 (8)
Diarrhea
6 (50)
1 (8)
0
Vomiting
6 (50)
1 (8)
0
Fatigue
5 (42)
1 (8)
0
Anemia
5 (42)
0
0
AST increased
4 (33)
1 (8)
1 (8)
ALP increased
2 (17)
0
0
GGT increased
2 (17)
1 (8)
0
Blood magnesium decreased
2 (17)
0
0
Blood sodium decreased
2 (17)
0
0
Decreased appetite
2 (17)
0
0
Hypophosphatemia
2 (17)
0
0
Rash
2 (17)
0
0
All Grade TRAEs with prevalence ≥10% patients related to NUC-7738, pembrolizumab or both
Additional Grade 3 TRAEs ≤10%: abdominal pain (1 pt); hypertension (1pt); immune-mediated hepatitis (1 pt); adrenal insufficiency, hypercalcemia and hypotension (1 pt). No additional Grade 4 TRAEs
‡
Patient previously refractory to PD-1 inhibitor (nivolumab) + CTLA-4 inhibitor (ipilimumab) had 55% reduction#
Patient with progression on three prior PD-1 therapies (nivolumab x1, pembrolizumab x2) achieved a 32% tumour reduction‡
Patient who progressed after PD-1 inhibitor (nivolumab) + CTLA-4 inhibitor (ipilimumab) has ongoing complete metabolic response*
# Discontinued by patient choice; follow-up imaging showed progression of non-target lesion, target lesions remained stable (−55%)
Disclaimer
NuCana plc published this content on May 06, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 06, 2026 at 09:17 UTC.