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NeOnc Technologies (Nasdaq: NTHI) Announces AI-Driven Findings Showing Ultrasound Enhances the Potency of an Already Effective NEO100 in Treating Primary and Metastatic Brain Tumors
Globenewswire· 2025-12-01 14:00
Core Insights - NeOnc Technologies Holdings, Inc. announced preclinical findings indicating that ultrasound enhances the therapeutic potency of NEO100, showing strong antitumor effects across various brain tumor types [1][3] Group 1: Research and Development - The study conducted at the University of Southern California (USC) utilized an AI-driven, 3D-bioprinted New Approach Methodology (NAM) to identify NEO100 as a leading sonodynamic therapy agent [2] - The NAM platform, based on NTHI-patented rapid magnetic 3D bioprinting technology, allows for the quick generation of patient-derived tumor organoids, significantly accelerating biomedical research [2] - An AI-driven neural network was employed to predict compounds likely to respond to focused ultrasound, with NEO100 consistently identified as a leading sonosensitizer [3] Group 2: Clinical Implications - Validation studies on bioprinted tumor spheroids demonstrated that NEO100, when combined with focused ultrasound, exhibited enhanced tumor-killing activity across various brain tumors, supporting its advancement into future clinical trials [3] - The integration of AI, 3D bioprinting, and ultrasound expands NEO100's commercial and clinical opportunities beyond current indications, as stated by the Executive Chairman of NTHI [4] Group 3: Company Overview - NeOnc Technologies Holdings, Inc. focuses on developing therapeutics for central nervous system cancers, with a drug development platform that includes NEO100 and NEO212, both in Phase II clinical trials [5] - The company has a patent portfolio extending to 2038, covering various drug candidates and delivery methods aimed at overcoming the blood-brain barrier [5]
NeOnc Technologies Holdings Reports Third Quarter 2025 Results and Provides Operational Update
Globenewswire· 2025-11-14 21:01
Core Insights - NeOnc Technologies Holdings, Inc. reported significant clinical progress and financial results for Q3 2025, highlighting advancements in its CNS oncology pipeline and strategic partnerships [1][5][6] Clinical Pipeline Progress - NEO100-01, an intranasal therapy for malignant recurrent WHO Grade 3/4 IDH1 Astrocytoma, showed a 21% response rate compared to a historical average of less than 8% [3][6] - 44% of patients achieved six-month progression-free survival, significantly higher than the historical range of 21-31% [3][6] - The company secured $2.5 million in STTR grants from NIH to advance NEO212 for gliomas and leukemia, indicating strong scientific validation [3][6] - NuroMENA, the UAE-based subsidiary, established a $50 million strategic partnership with Quazar Investment to enhance collaboration in brain cancer treatment [3][6] Financial Results - General and administrative expenses increased to $903,000 from $244,000 in Q3 2024, attributed to expanded marketing and partnership costs [9] - Research and development expenses decreased to $715,000 from $957,000 in Q3 2024, reflecting active management of trial sites and patient recruitment [9] - The net loss for Q3 2025 was $8.6 million, or $0.45 per diluted share, compared to a net loss of $2.2 million, or $0.12 per diluted share in Q3 2024 [9] Strategic Developments - The company appointed Amir Heshmatpour as CEO to lead the next phase of clinical and corporate growth [3][6] - NeOnc joined the Russell Microcap® Index, increasing visibility among institutional investors [3][6] - The company executed an agreement to acquire advanced AI and 3D bioprinting intellectual property, expanding its technological capabilities [3][6] Upcoming Milestones - Full Phase 2a enrollment for NEO100 has been completed, with top-line data readout expected in May 2026 [3][10] - The final patient cohort in Phase I for NEO212 is on track to complete dosing in 2025 [9][10]
NeOnc Technologies Reports Updated Clinical Results
Globenewswire· 2025-11-12 13:00
Core Insights - NeOnc Technologies Holdings, Inc. announced promising clinical results for its investigational intranasal agent NEO100 in treating recurrent Grade III/IV IDH1-mutant astrocytoma, indicating significant radiographic responses and potential long-term survival for patients [1][2][4]. Clinical Results - 21% of patients (5 out of 24) achieved significant radiographic response, which is notably higher than the typical response rate of less than 8% seen with salvage therapies for recurrent gliomas [2][6]. - 44% of patients achieved six-month progression-free survival (PFS-6), exceeding the historical benchmark of 21-31% for IDH1-mutant recurrent high-grade gliomas [2][6]. - 33% of patients (8 out of 24) remained alive for 18 months or more after starting treatment with NEO100, indicating durable survival [2][6]. Safety and Tolerability - No significant toxicity was reported with the intranasal administration of NEO100, even with prolonged use, highlighting its potential as a therapeutic option for this patient population [3][6]. Industry Implications - The results suggest that NEO100 could represent a first-in-class CNS-penetrant metabolic therapy, potentially shifting the treatment paradigm for recurrent Grade III/IV IDH1-mutant astrocytoma from palliative care to measurable, durable disease control [7][4]. - The findings are viewed as a pivotal value inflection point for NeOnc and the broader neuro-oncology field, indicating a possible new standard of care in malignant gliomas [4][7]. Company Overview - NeOnc Technologies Holdings, Inc. is focused on developing and commercializing CNS therapeutics, with a drug development platform that includes NEO100 and NEO212, both in Phase II clinical trials under FDA Fast-Track and IND status [8].
NeOnc Technologies (Nasdaq: NTHI) to Host Investor Conference Call to Present Data Updates from Ongoing NEO100-1 Phase 1/2a Clinical Trial and Compassionate Use Program
Globenewswire· 2025-11-07 14:00
Core Insights - NeOnc Technologies Holdings, Inc. is hosting an investor conference call on November 12, 2025, to discuss updates on its clinical trials and therapeutic developments [1][2]. Company Overview - NeOnc is a clinical-stage biopharmaceutical company focused on developing brain-penetrant therapeutics for malignant brain tumors and CNS disorders [1][3]. - The company’s NEO™ drug development platform has produced a portfolio of novel drug candidates with patent protections extending to 2038 [3]. - NEO100 and NEO212 therapeutics are currently in Phase II human clinical trials and are advancing under FDA Fast-Track and IND status [3]. Clinical Trial Updates - The conference call will present data from the ongoing Phase 1/2a NEO100-1 clinical trial and compassionate use program, focusing on intranasal delivery of NEO100 in patients with recurrent high-grade malignant glioma [2][3]. - The discussion will include MRI-based radiographic response data, progression-free survival (PFS), and overall survival (OS) trends observed to date, providing insights into long-term clinical outcomes for patients treated with NEO100 [3]. Key Participants - Featured participants in the conference call include members of the NTHI management team and independent members of the Scientific Advisory Board [2][6]. - Notable participants include Dr. Henry S. Friedman and Dr. Alexander Miller, both recognized experts in neuro-oncology [6]. Conference Call Details - The investor conference call is scheduled for November 12, 2025, at 6:00 a.m. Pacific Time / 9:00 a.m. Eastern Time [1][6]. - A live webcast of the call will be available on the company's investor relations website [6].
NeOnc Technologies and Quazar Investment Set to Close $50 Million Strategic Partnership by October 23rd Following Final UAE Tax Approvals
Globenewswire· 2025-10-06 13:00
Core Insights - NeOnc Technologies Holdings, Inc. has announced a significant milestone in its partnership with Quazar Investment, with a $50 million strategic partnership set to close by October 23, 2025 [1][4] - The partnership aims to enhance clinical trials, regulatory filings, and infrastructure development in the UAE and the broader MENA region [2][3] Company Overview - NeOnc is a clinical-stage biopharmaceutical company focused on developing therapies for central nervous system cancers, with a drug development platform that includes NEO100 and NEO212, both in Phase II clinical trials [5] - The company has a patent portfolio extending to 2038, covering various drug candidates and delivery methods [5] Partnership Details - The partnership with Quazar Investment, a prominent Abu Dhabi-based firm with over $3.3 billion in assets, includes a $15 million allocation for Phase 2B clinical trials and infrastructure development [4] - NuroMENA Holdings, NeOnc's subsidiary, was incorporated in the Abu Dhabi Global Market on August 6, 2025, fulfilling the requirements for the partnership [3]
NeOnc Technologies Receives FDA Authorization to Proceed with Phase II Clinical Trial of NEO212 – A First-in-Class Oral Chemical Conjugated Chemotherapy Candidate for Brain Cancer
Globenewswire· 2025-09-10 13:00
Core Insights - NeOnc Technologies Holdings, Inc. has received FDA authorization to advance its NEO212-01 clinical trial into Phase IIa/IIb, marking a significant milestone for the company [1][6] - NEO212 is an innovative oral chemotherapy drug that combines Temozolomide with a proprietary molecule, NEO100, aimed at improving treatment outcomes for CNS cancers [3][4] - The Phase II trial will expand patient enrollment across leading U.S. cancer centers, with plans to activate a broad network of premier institutions [5] Company Overview - NeOnc Technologies Holdings, Inc. is a multi-Phase II clinical-stage biopharmaceutical company focused on developing novel therapies for central nervous system cancers and other challenging malignancies [7][9] - The company's portfolio includes NEO100 and NEO212, which are backed by proprietary intellectual property and clinical programs [9] Clinical Development Strategy - The NEO212-01 Phase II trial will build on the successful completion of the Phase I dose-escalation study, which demonstrated safe administration of NEO212 at doses up to 810 mg daily [2] - Patient enrollment for the Phase II trial is expected to begin before the end of 2025, with independent review of the recommended Phase II dose currently ongoing [2] Leadership Commentary - Company leadership emphasizes that the advancement to Phase II represents years of innovation and aims to redefine treatment outcomes for brain cancer patients [6] - The mission of the company is to provide hope to brain cancer patients and their families, with NEO212 embodying this vision of combining science and compassion [6]
NeOnc Technologies Holdings Reports Second Quarter 2025 Results and Provides Operational Update
Globenewswire· 2025-08-19 13:00
Core Insights - NeOnc Technologies Holdings, Inc. reported financial results for Q2 2025, highlighting significant operational achievements and upcoming milestones in their clinical pipeline [1][4]. Clinical Pipeline Progress - NEO100-01, an intranasal therapy for malignant gliomas, and NEO212, a bio-conjugated therapy for brain cancer, are advancing with the final patient cohort in Phase I expected to complete dosing in 2025 [3]. - A pediatric indication trial, NEO100-3, has been initiated with patient recruitment currently underway [3]. Financial Results for Q2 2025 - General and administrative (G&A) expenses increased to $984K from $290K in Q2 2024, attributed to expanded marketing, rent, travel, and costs related to the Middle East partnership [7]. - Research and development (R&D) expenses rose to $677K from $394K in Q2 2024, driven by additional trial sites and increased recruitment efforts [7]. - The net loss for the quarter was $5.68 million, or $0.30 per diluted share, compared to a net loss of $4.52 million, or $0.27 per diluted share in Q2 2024 [7]. Strategic Developments - A $50 million strategic partnership with Quazar Investment has been secured, which will enhance NeOnc's clinical trials platform in the GCC & MENA regions [6]. - The company received $2.5 million in STTR grants from NIH to support the advancement of NEO212 for gliomas and leukemia [6]. - NeOnc has signed an agreement to acquire an AI, 3D bioprinting, and quantum modeling intellectual property portfolio [6]. - The company has been included in the Russell Microcap Index, increasing visibility among institutional investors [6]. Upcoming Catalysts - Full enrollment for the NEO100-01 Phase 2a trial is expected by September 2025, with top-line data readout anticipated in early 2026 [10]. - Completion of the NEO212 Phase I final cohort dosing is also expected in 2025 [10].
NeOnc Technologies Finalizes All Contingencies for $50 Million Strategic Partnership with Quazar Investment as NuroMENA Holdings Receives ADGM Incorporation
Globenewswire· 2025-08-11 13:00
Core Insights - NeOnc Technologies Holdings, Inc. has officially incorporated NuroMENA Holdings Ltd. in Abu Dhabi, completing a $50 million cornerstone investment led by Quazar Investment [3][4][6] - This partnership aims to launch NeOnc's CNS platform in the MENA region and accelerate the development of its therapeutic pipeline, including NEO212 and NEO100 programs [4][5] Company Overview - NeOnc Technologies is a clinical-stage biotechnology company focused on therapies for CNS cancers, with a strong intellectual property portfolio and academic collaborations [7] - Quazar Investment is a strategic investment firm managing over $3.3 billion in assets, focusing on transformative investments in biotechnology and healthcare across the MENA region [8] Strategic Partnership - The incorporation of NuroMENA is seen as a significant validation of NeOnc's global vision and commitment to delivering innovative therapies [5] - Quazar Investment will have majority control of NuroMENA, facilitating joint governance and strategic alignment to enhance CNS therapies in the region [6][7]
NeOnc Technologies Featured on Yahoo Finance's Podcast Trader Talk: AI and Biotech Take on Brain Cancer
Globenewswire· 2025-08-04 13:00
Core Insights - NeOnc Technologies Holdings, Inc. is a clinical-stage biotechnology company focused on developing treatments for brain and central nervous system cancers, recently featured in a podcast discussing its innovative approaches and market achievements [1][2]. Company Overview - NeOnc Technologies is advancing transformative treatments for brain cancer through its NEO drug development platform, which includes novel drug candidates and delivery methods with patent protections extending to 2038 [2]. - The company has two therapeutics, NEO100 and NEO212, currently in Phase II human clinical trials, both under FDA Fast-Track and Investigational New Drug (IND) status [2]. - NeOnc has secured a $50 million partnership in the Middle East and successfully joined the Russell Microcap Index shortly after its IPO, indicating strong market interest and investor confidence [1]. Technological Focus - The company specializes in intranasal drug delivery methods aimed at overcoming the blood-brain barrier, a significant challenge in treating central nervous system conditions [2]. - NeOnc's partnership with USC's medical school enhances its research capabilities and clinical trial reach, further solidifying its position in the biotech industry [1]. Industry Context - The podcast discussion highlighted the potential impact of AI and quantum computing on the biotech sector, suggesting that these technologies could revolutionize drug development and treatment methodologies [1].
NeOnc Technologies Signs $50 Million Non-Binding Strategic Term Sheet with Quazar Investment to Launch GCC & MENA Expansion and Clinical Trials Platform
Globenewswire· 2025-07-08 13:00
Core Insights - NeOnc Technologies Holdings, Inc. has signed a non-binding term sheet with Quazar Investment to establish a new investment and clinical platform in the MENA region [1][2] - The partnership aims to leverage the UAE's clinical trial infrastructure to advance NeOnc's late-stage drug candidates [3][7] Investment and Structure - The term sheet outlines the formation of NuroMENA Holdings Ltd, which will oversee the establishment of NuroCure, an Abu Dhabi-based subsidiary responsible for clinical trials [2][5] - A proposed equity investment of $50 million is contingent upon NeOnc meeting specific conditions within 120 days [4][8] Clinical Development - NuroCure will initiate clinical trials for NEO100 and NEO212, targeting aggressive brain cancers such as Diffuse Intrinsic Pontine Glioma and glioblastoma multiforme [7][9] - The partnership is positioned to enhance NeOnc's clinical programs through collaboration with Cleveland Clinic Abu Dhabi [3][10] Financial Strategy - Quazar will lead a capital formation round of up to $50 million, with 70% allocated for acquiring NeOnc common stock and 30% for clinical trial and infrastructure development [8][10] - The investment strategy includes executing a Sub-License Agreement for NEO100 and NEO212, facilitating clinical efforts in the region [5][11] Company Background - NeOnc Technologies is focused on developing therapeutics for central nervous system cancers, with a robust patent portfolio extending to 2038 [11] - The company's drug candidates, NEO100 and NEO212, are currently in Phase II clinical trials under FDA Fast-Track status [11]