David T.  Hung net worth and biography

David Hung Biography and Net Worth

Founder of Nuvation Bio

Dr. Hung founded Nuvation Bio in 2018 and serves as President and Chief Executive Officer and member of the Board of Directors.

Dr. Hung founded Medivation, Inc., in 2003, raising a total of $433 million in public offerings over the life of the company to reach a market cap of more than $14 billion, providing investors with a return on investment of 21,000%. In 2016, Medivation was sold to Pfizer for $14.3 billion in an all-cash deal, one of the largest biopharma sales ever by a founding Chief Executive Officer. For his role in creating Medivation, Dr. Hung was named the Life Sciences category winner and Overall U.S. winner across all categories of the 2014 Ernst & Young Entrepreneur of the Year Award.

Dr. Hung identified, in-licensed and led bench-to-bedside development of enzalutamide (XTANDI®) for advanced prostate cancer. At Medivation, XTANDI was taken from first in vitro laboratory experiment to FDA approval in seven years, one of the fastest development timelines in pharmaceutical history. XTANDI, approved in 60+ countries, reached blockbuster drug status, exceeding $3.7 billion in global annual sales in 2019.

At Medivation, Dr. Hung identified, in-licensed and developed talazoparib, a potentially best-in-class PARP inhibitor, which was approved by the FDA in October 2018, and the immune-oncology agent, pidilizumab, which demonstrated robust effects in Phase 2 studies and is now a promising Phase 3-ready asset.

Between Medivation and founding Nuvation Bio, Dr. Hung served for 10 months as Chief Executive Officer at Axovant Sciences before tendering his resignation. Prior to founding Medivation, he served as President and Chief Executive Officer of ProDuct Health, Inc., a venture-backed startup medical device company founded in 1998 that developed, manufactured and commercialized a breast microcatheter – that he invented – for breast cancer risk assessment. ProDuct Health was acquired in 2001 for $168 million by Cytyc Corporation.

Dr. Hung received an A.B. summa cum laude in biology from Harvard College and an M.D. Alpha Omega Alpha from the University of California, San Francisco, School of Medicine. He completed simultaneous clinical fellowships in hematology, oncology and transfusion medicine as well as two basic science research fellowships in molecular biology at the University of California, San Francisco, School of Medicine.

How old is David T. Hung?

Dr. Hung is currently 66 years old. There are 8 older executives and no younger executives at Nuvation Bio. Learn More on David T. Hung's age.

How do I contact David T. Hung?

The corporate mailing address for Dr. Hung and other Nuvation Bio executives is 1500 BROADWAY SUITE 1401, NEW YORK NY, 10036. Nuvation Bio can also be reached via phone at 332-208-6102 and via email at [email protected]. Learn More on David T. Hung's contact information.

Has David T. Hung been buying or selling shares of Nuvation Bio?

David T. Hung has not been actively trading shares of Nuvation Bio during the last ninety days. Learn More on David T. Hung's trading history.

Who are Nuvation Bio's active insiders?

Nuvation Bio's insider roster includes Jennifer Fox (CFO & Sec. ), David Hung (Founder), and Oleg Nodelman (Director). Learn More on Nuvation Bio's active insiders.

Are insiders buying or selling shares of Nuvation Bio?

During the last year, Nuvation Bio insiders bought shares 4 times. They purchased a total of 696,778 shares worth more than $1,985,500.47. The most recent insider tranaction occured on October, 8th when Director Robert Mashal bought 100,000 shares worth more than $220,000.00. Insiders at Nuvation Bio own 5.1% of the company. Learn More about insider trades at Nuvation Bio.

Information on this page was last updated on 10/8/2024.

David T. Hung Insider Trading History at Nuvation Bio

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David T. Hung Buying and Selling Activity at Nuvation Bio

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Nuvation Bio Company Overview

Nuvation Bio logo
Nuvation Bio Inc., a clinical-stage biopharmaceutical company, focuses on the development of therapeutic candidates for oncology. The company's lead product candidate is NUV-868, a BD2 selective oral small molecule BET inhibitor that epigenetically regulates proteins that control tumor growth and differentiation, including oncogenes comprising c-myc; NUV-1156, an AR binder Xtandi that address advanced stage prostate cancers with the potential to move into earlier lines typically treated with surgical prostatectomy; and drug-drug conjugate (DDC) platform which leverages a novel therapeutic approach within the drug-conjugate class of anti-cancer therapies to deliver anti-cancer therapeutics to cancer cells, as well as NUV-1176, a PARP inhibitor to address ER+ breast and ovarian cancer. The company was founded in 2018 and is headquartered in New York, New York.
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Today's Range

Now: $2.95
Low: $2.93
High: $3.07

50 Day Range

MA: $2.55
Low: $2.00
High: $3.07

2 Week Range

Now: $2.95
Low: $1.21
High: $4.16

Volume

2,523,162 shs

Average Volume

1,475,777 shs

Market Capitalization

$735.26 million

P/E Ratio

N/A

Dividend Yield

N/A

Beta

1.35