#1Nuvectis Pharma, Inc. Innovative Precision Medicine for Serious Conditions of Unmet Medical Need in Oncology July 2023 NuvectisPharma, Inc. V₂ (NASDAQ: NVCT)#2Forward Looking Statements Nuvectis Pharma, Inc. Certain statements in this presentation constitute "forward-looking statements" within the meaning of the federal securities laws, which statements are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as "anticipate," "believe," "contemplate," "could," "estimate," "expect," "intend," "seek," "may," "might," "plan," "potential," "predict," "project," "target," "aim," "should," "will," "would," or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Nuvectis Pharma, Inc.'s current expectations, estimates, and projections about future events and trends that we believe may affect our business, financial condition, results of operations, prospects, business strategy, and financial needs. The outcome of the events described in these forward-looking statements are subject to inherent uncertainties, risks, assumptions, market and other conditions, and other factors that are difficult to predict and include statements regarding the preclinical data generated to date for NXP800 and NXP900, the Phase 1a data generated for NXP800 and the clinical expectations for the NXP800 Phase 1b study, including statements regarding NXP800's potential ability to become a therapeutic option for the treatment of platinum-resistant, ARID1a-mutated ovarian carcinoma, gastric carcinoma, cholangiocarcinoma, and potentially other cancer indications, and timing for the commencement of and expectations for the Phase 1a study for NXP900. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are subject to market and other conditions and described more fully in the section titled "Risk Factors" in our 2022 Form 10-K filed with the Securities and Exchange Commission ("SEC"). However, these risks are not exhaustive and new risks and uncertainties emerge from time to time, and it is not possible for us to predict all risks and uncertainties that could have an impact on the forward-looking statements contained in this press release or other filings with the SEC. Any forward- looking statements contained in this press release speak only as of the date of this press release. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations or any changes in events, conditions or circumstances on which any such statement is based, except as may be required by law, and we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.#3Nuvectis Pharma - Key Highlights Our Approach to Precision Medicine NXP800 - Phase 1b NXP900 - IND accepted Management Team with Strong Track Record Select and acquire novel, rationally-designed drug candidates → Focus on drug development for serious conditions of unmet need in oncology Fast Track Designation for platinum-resistant, ARID1a-mutated ovarian carcinoma Phase 1b study initiated in collaboration with ENGOT/GOG Phase 1a expected to begin 3Q2023 First potential indications: YES1/SRC-driven solid tumors 3 approved drugs in 4 indications in the US and EU and multiple strategic deals Cash runway into 1H2025 Stock added to the Russell 2000 index in June 2023 3#4Management Team Track record of success Ron Bentsur Enrique Poradosu, PhD Chairman & Chief Executive Officer Chief Scientific & Business Officer NuvectisPharma, Inc. Shay Shemesh Chief Development & Operations Officer Auryxia (ferric citrate) tablets JelmytoⓇ (mitomycin) ELZONRISⓇ (tagraxofusp-erzs) Injection UroGent Pharma KERYX BIOPHARMACEUTICALS, INC Stemline#5Nuvectis Precision Medicine Pipeline Drug Candidate NXP800 a GCN2 Activator NXP900 b SRC/YES1 inhibitor Indication ARID1a-mutated ovarian cancer ● Ovarian clear cell carcinoma → Other ARID1a-mutated solid tumors Ovarian endometrioid carcinoma → Squamous cancers (cervical, esophageal, etc.) YES1/SRC-driven solid tumors NuvectisPharma, Inc. Discovery and Lead Optimization a. Exclusive worldwide rights acquired from the Institute of Cancer Research, UK. b. Exclusive worldwide rights acquired from the University of Edinburgh IND-Enabling Fast Track Designation Phase 1a Phase 1b Phase 2 Phase 3 Phase 1b in ARID1a-mutated ovarian cancer in collaboration with ENGOT and GOG-F ENGOT GOG European Network of Gynaecological Oncological Trial groups IND cleared FOUNDATION® Transforming the standard of care 5#6About NXP800#7NXP800 Key Highlights Precision Medicine Approach Focused Clinical & Regulatory Strategy Preclinical & Clinical Data Phase 1b NuvectisPharma, Inc. → Discovered and optimized at the Institute of Cancer Research (ICR) in the UK GCN2 kinase activator ARID1a loss is a marker for treatment sensitivity in ovarian, endometrial and gastric xenograft models Fast Track Designation granted for the treatment of platinum resistant, ARID1A-mutated ovarian carcinoma High prevalence of ARID1a mutation in Ovarian clear cell & endometrioid cancers: ~66% and 40% respectively ARID1a mutations very rare in high grade serous ovarian carcinoma → Substantial tumor growth inhibition in multiple solid tumors; Recent preclinical data presentations (2023): ESMO Gyne, AACR Phase 1a data: demonstrated induction of biomarkers in clinical samples; selected two doses for testing in Phase 1b In collaboration with the European Network of Gynecological Oncology Trial Groups (ENGOT) and the Gynecology Oncology Group Foundation (GOG-F) 7#8NXP800 Mechanism of Action NXP800 is a GCN2 kinase activator NXP800 activates GCN2 >> GCN2 activates the Integrated Stress Response (ISR) >> ISR activation causes a translational switch which includes downregulation of HSF1-regulated genes Non- acylated tRNA Stalled ribosome Recognition by GCN2 NXP800 GCN2 GCN2 GCN2 activation Created with BioRender.com NuvectisPharma, Inc. - elF2a phosphorylation elF2a Selective ATF4 translation ATF4 Dimerization Cap-dependent translation partner ATF4 Translational switch - including HSF1 regulated proteins Chronic activation: Autophagic and apoptotic cell death (CHOP and other validated PD markers) Stress-induced genes ATF4 was induced in vivo in SKOV3 xenografts; ATF4 Validated as biomarker for preclinical activity X5 G150 (GI50 = 8.5nM) Vehicle Clarke et al, ENA 2022 ATF4 Vinculin ATF4 induction observed in patient samples in the phase 1a 8#9Substantial Antitumor Activity in ARID1a-Mutated Ovarian Carcinoma Xenografts (NXP800 vs. Cisplatin) Preclinical proof of concept leading to selection of initial target indications Tumor Volume (mm³) SKOV-3 (Cisplatin Resistant) 400 300 200 100 0 Day 2 Baseline Vehicle Cisplatin (4 mg/kg) NXP800 (35 mg/kg) Day 5 Day 7 Day 9 Day 13 Day 16 NuvectisPharma, Inc. Day 19 Day 21 Day 28 Day 23 Day 26 Day 30 Tumor Volume (mm³) TOV-21G (Cisplatin Sensitive) 500 400 300 200 100 Baseline Vehicle Cisplatin (4 mg/kg) NXP800 (35 mg/kg) Day 5 Day 7 Day 15 Day 12 Day16 Day 19 Day 21 Day 23 Day 26 Day 28 Disease Ovarian Clear Cell Carcinoma Ovarian Endometrioid Carcinoma Est. Total Incidence (US) a 2,200 2,200 Est. # of Patients w/ ARID1a Deficiency a. Based on data from the American Cancer Society, 2022 1,320 660 9#10Substantial Antitumor Activity in Cholangiocarcinoma Additional potential development opportunities ◆ Cholangiocarcinoma (CCA) is a lethal malignancy with poor prognosis arising from the biliary tree Approx. 10,000 new cases/year in the US a a. The cholangiocarcinoma foundation, cholangiocarcinoma.org/key-statistics NuvectisPharma, Inc. Delta in Tumor Volume (mm³) Patient Resection and PDX Implantation 1000- 500- Vehicle NPX800 CCA Tumor 12 Treatment days 15 18 27 NXP800 Treatment Initiation Day 0 Treatment 5 days on, 2 days off Vehicle NXP800 D Carlson, 2023 American Association for Cancer Research PDX Euthanasia Day 22-30 | 10#11Substantial Antitumor Activity in Additional ARID1a- Mutated Solid Tumors Additional potential development opportunities SNU-1 Model (Gastric Carcinoma) (աա) Tumor Volume 350 300 250 200 150 100 50 Baseline Vehicle NXP800 (35 mg/kg) Day 5 NuvectisPharma, Inc. Day 7 Day 12 Day 15 Day16 Day 19 Day 21 Day 23 Day 26 Day 28 Disease Gastric Carcinoma Est. Total Incidence (US) a 26,380 a. Based on data from the American Cancer Society, 2022 Est. # of Patients w/ ARID1 a Deficiency 6,595 11#12NXP800: Phase 1b Underway, Fast Track Designation Enrolling patients with platinum-resistant, ARID1A-mutated ovarian cancer (target population) a Clinicaltrials.gov NCT05226507 Phase 1a: Dose Escalation - Completed Patients with advanced solid tumors (all comers) Primary Objectives: Select doses/schedules for Phase 1b Key Endpoints: Assess Pharmacokinetics, pharmacodynamics, lab abnormalities, dose limiting toxicities NuvectisPharma, Inc. Phase 1b: Dose Expansion - Enrolling Patients in the target population - 2 cohorts of 20-25 patients, 2 dosing regimens (50 mg and 75 mg QD) Primary objectives: Establish RP2D Key Endpoints: Assess Pharmacokinetics, pharmacodynamics, lab abnormalities, dose limiting toxicities Initial Phase 1b Data Read-Out Expected in 1Q2024 a. Fast Track Designation granted for platinum resistant, ARID1A-mutated ovarian carcinoma, 12#13About NXP900#14NXP900 Key Highlights Precision Medicine Approach Differentiated Features Strong Preclinical Proof of Concept Phase 1 Program NuvectisPharma, Inc. Discovered at the University of Edinburgh, Scotland A potent, novel, small molecule inhibitor of YES1/SRC signaling ◆ YES1-Hippo pathway alteration associated with sensitivity to NXP900 in squamous cell models Highly selective - Lack of immunosuppression Unique mechanism of action - Complete shut-down of the SRC pathway by scaffold and catalytic domain inactivation Ability to cross the blood-brain-barrier POC in multiple xenograft models - significant single-agent activity in squamous cell cancer models * Ability to re-sensitize resistant NSCLC cells to osimertinib (2022 paper) * Ability to reverse resistance to enzalutamide in mCRPC (2023 paper) IND cleared; Phase 1a clinical trial expected to begin in 3Q2023 14#15NXP900 Kinome Profiling Demonstrates High Selectivity NuvectisPharma, Inc. TK CMGC NXP900 CAMK TKL STE CK1 AGC TK CMGC Dasatinib CAMK TKL Note: Dasatinib data from Remsing Rix et al., Leukemia 23, 477-485 (2009), NXP900 data from AACR 2022. STE CK1 AGC 15#16NXP900 Completely Shuts Down Signaling of Non-receptor Tyrosine Kinases of the SRC Family Differentiated vs. other multi-kinase inhibitors that only achieve a partial SRC pathway shut down NXP900: Complete shutdown of the SRC pathway SH3 SH2 P pY530 NuvectisPharma, Inc. NON- FNCTIONAL scaffolding site C-helix E313 NXP900 Y419 Kinase Closed, inactive conformation locked by NXP900 NXP900 Oncogenic signal No inhibitor: Fully active SRC Y530 SH3 SH2 C-helix E313 Fully functional scaffolding site - Binding to YAP, FAK, CAS, paxillin pY419 Kinase Open, active conformation no inhibitor Other multi-kinase inhibitors Other multi-kinase inhibitors: Partial shutdown of the SRC pathway } Y530 SH3 SH2 C-helix E313 Fully functional scaffolding site - Binding to YAP, FAK, CAS, paxillin Kinase Other multi-kinase inhibitors Y419 Open, active conformation stabilized by other multi-kinase inhibitors 16#17Targeting YES1 in Cancers of Squamous Cell Origin Single Agent Development Strategy YES1/SRC "off" SH3 SH2 P PYS30 SE33 NXXP500 1419 Kinase V830 SH2 YES1/SRC "on" Chels 132 P DV419 Kinase Created with BioRender.com NuvectisPharma, Inc. P- Tyr Rassf YAP/TAZ P. Tyr YAP/TAZ TEAD xoxoa P P FRMD6 KIBRA MST1/2 SAV1 LATS1/2 MOB1 FAT 1-4 14-3-3 P YAP/TAZ Merlin P P- Ser -(50) Degradation Targets involved in organ size, stem cell renewal, replication, and survival: • ID1 • MYC .FGF1 • CTGF • Cyclin D . AREG • SMAD High Nuclear YAP Cells Per Well (%) 30 Low Nuclear YAP 5.0 High Nuclear YAP NXP900 - IC50 for YAP1 nuclear localization: 24.3nM log(Concentration [UM]) 0.0 Genetic alterations in the hippo pathway (FAT1-4, YAP1, TAZ) are highly prevalent in cancers of squamous cell origin and confer sensitivity to NXP900 ➜ patient selection YES1 drives tumor growth via activating phosphorylation and nuclear localization of YAP1 →Target is central to disease etiology Significant unmet medical need opportunities within the squamous cancer universe Regulatory opportunity 17#18Significant Single Agent Activity in Squamous Cell Cancers NXP900 demonstrated robust antitumor activity in xenograft models of squamous cell cancers Average Tumor Volume (mm³) 700 600 500 400 300 200 100 0 Esophageal Cancer Baseline NuvectisPharma, Inc. Vehicle Control NXP900 (40 mg/kg) Day 3 Day 6 Day 8 Day 10 Day 13 Day 15 Day 17 Time Day 20 Day 22 Day 24 Day 27 KYSE70 cells (YES1 gene amplification is a known genetic alteration) Head and Neck Cancer (tongue) Average Tumor Volume (mm³) 700 600 500 400 300 200 100 0 Vehicle Control NXP900 (40 mg/kg) Day 3 Baseline Day 6 Day 8 Day 10 Day 13 Day 15 Day 17 Time Day 20 Day 22 Day 24 Day 27 Cal27 cells (Heterozygous FAT1 copy loss is a known genetic alteration) 18#19Potential Combination Strategies YES1 (in NSCLC) and SRC (in mCRPC) are implicated in development of resistance to osimerinib (Tagrisso) and enzalutamide (Xtandi) NXP900 in combination with osimertinib overcomes resistance in vitro Proliferation (% of DMSO control) 100 80- 60- 40- 20- Osimertinib resistance in PC-9 0.01 0.1 1 Osimertinib (UM) PC-9 PC-9 OR1 PC-9 OR3 NuvectisPharma, Inc. THIT Proliferation (% of DMSO control) 10 Osimertinib re-sensitisation in PC-9 100 80- 60- 40- 20- 0.1 1 ECF-506 (UM) Published in Nature Communications by the AstraZeneca R&D Group, April 2022 0 - PC-9 -PC-9 OR1 (Osi 160 nM) -PC-9 OR3 (Osi 160 nM) 0.01 F 10 NXP900 in combination with enzalutamide overcomes resistance in vivo Day -7 D 14 D 21 Enz -/eCF506 H 0 Enz 14 Enz eCF506 21BLI 1e04 5e05- Relative BLI signal Normalised to Day 14 1500 1000 500 Enz Enz+eCF506 *** 14 18 21 Days after treatment Published in JEM by UoE and MSKCC, February 2023 NSCLC = non=small cell lung cancer, mCRPC = metastatic castration resistant prostate cancer, eCF506 = NXP900 19#20NXP900: Phase 1a Expected to Begin in 3Q2023 Patients with advanced solid tumors NuvectisPharma, Inc. Clinical trials.gov NCT05873686 Phase 1a Dose Escalation Starting dose of 20 mg, QD Primary Objective: Select doses/schedules for Phase 1b Key Endpoints: Assess Pharmacokinetics, pharmacodynamics, lab abnormalities, dose limiting toxicities 20#21Financial and NVCT Stock Highlights Resources to support operations into 1H2025 Ticker IPO Cash NuvectisPharma, Inc. Financials NVCT February 2022 $24.5M as of 06/30/2023 Insider Ownership Founders and >5% holders Research Coverage XH.C.WAINWRIGHT&CO. LADEN BURG THAL MANN ESTABLISHED 1876 T ROTH MKM 66% Joe Pantginis Aydin Huseynov Jonathan Aschoff 21#22Nuvectis Investment Highlights Precision medicine pipeline for serious conditions of unmet medical need in oncology 2023 Milestones NXP800 NXP900 Management Team with Strong Track Record → Fast Track Designation for platinum-resistant, ARID1A-mutated ovarian carcinoma Phase 1b study conducted in collaboration with ENGOT/GOG-F consortia, the world-leading gynecological clinical study groups O Initiated NXP800 Phase 1b in ARID1a-mutated ovarian cancers, additional tumor types to follow FDA clearance for NXP900 IND achieved, commencement of the Phase 1a study 3Q2023 Clinical and preclinical data presentations at medical conferences T Highly selective compound, differentiated from other YES1/SRC-kinase inhibitors IND cleared 3 approved drugs in 4 indications in the US and EU Generated significant shareholder value Stock added to the Russell 2000 Index in June 2023 22#23Nuvectis Pharma, Inc. Innovative Precision Medicine for Serious Conditions of Unmet Medical Need in Oncology July 2023 NuvectisPharma, Inc. V₂ (NASDAQ: NVCT)