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NeOnc Technologies Holdings, Inc. (symbol: NTHI) is a clinical-stage biopharmaceutical company dedicated to developing innovative therapeutics and drug delivery methods for treating brain and central nervous system diseases. The company is renowned for its pioneering work in overcoming the blood-brain barrier, a major hurdle in treating neurological conditions.
The core of NeOnc's research is the NEO™ drug development platform, which has led to the creation of novel drug candidates and delivery techniques. These patented solutions are designed to provide more effective treatments for primary brain tumors and other cancers that metastasize to the brain. The platform boasts strong intellectual property protection, with 135 U.S. and international patents granted or pending, safeguarding their innovations until 2038.
NeOnc's leading drug candidates are currently in Phase I and II clinical trials, targeting malignant glioblastomas and meningiomas. These trials, advancing under FDA Fast-Track and Investigational New Drug (IND) status, have shown promising results in both laboratory and clinical settings.
The company's breakthrough intranasal delivery system exemplifies its technological prowess. This method allows drugs to bypass the blood-brain barrier via the olfactory or trigeminal nerves, potentially enhancing treatment efficacy and patient convenience. This innovation recently garnered recognition at the prestigious California Investment Forum, highlighting NeOnc's potential to significantly impact the standard of care in neuro-oncology.
Leading the company is Dr. Thomas Chen, a distinguished neurosurgeon and medical expert, alongside a dedicated executive team including Executive Chairman Amir Heshmatpour, CFO Keithly Garnett, and COO Patrick Walters. Under their guidance, NeOnc continues to forge strategic partnerships and attract investments that drive their mission forward.
For more detailed information about NeOnc Technologies Holdings, their ongoing projects, and recent achievements, visit neonctech.com.
NeOnc Technologies has completed an $18.5 million financing round, increasing its post-money valuation by 214% to approximately $220 million. This funding supports Phase I and II clinical trials of its NEO™ technology for brain cancer treatment, which has shown promising results in overcoming the blood-brain barrier. The financing includes $4.5 million in new equity investment and converts $14 million of debt to equity, eliminating all short-term debt. NeOnc's intellectual property portfolio comprises 135 patents, and the company has secured FDA Fast-Track and Orphan Drug statuses for its leading candidates, enhancing the therapeutic potential and market opportunities. The global CNS and brain tumor drug markets are projected to grow significantly, providing promising prospects for NeOnc's innovative therapies.
NeOnc Technologies has been awarded the Breakthrough Medical Technology Achievement Award by the California Investment Forum (CIF) for its innovative approaches in treating brain and central nervous system diseases. The award was presented by California State Treasurer Fiona Ma at the 2024 CIF Innovation Awards in Anaheim, marking NeOnc's recognition from a global pool of participants. Founder and CEO Dr. Thomas Chen highlighted the potential of NeOnc’s NEO™ drug development platform to improve treatments for brain tumors and other cancers. The company’s patented intranasal delivery system, which bypasses the blood-brain barrier, was also showcased. NeOnc's portfolio includes 135 U.S. and international patents, secured from the University of Southern California.
NeOnc Technologies Holdings, a clinical-stage biopharmaceutical company, will present at the California Investment Forum, nominated for the Breakthrough Medical Technology Achievement Award. The forum will connect NeOnc with investors and partners, highlighting its intranasal delivery system technology designed to enhance treatment efficacy for brain and central nervous system diseases.
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