Oct. 6 at 4:26 PM
$NTHI NeOnc Technologies and Quazar Investment Set to Close
$50 Million Strategic Partnership by October 23rd, Following Final UAE Tax Approvals
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$50M strategic partnership with Quazar Investment mandated to close no later than October 23, 2025, following final UAE regulatory approvals.
• Partnership centered on NuroCure, NeOnc’s Abu Dhabi subsidiary under NuroMENA Holdings Ltd., to drive trials and infrastructure across the UAE and MENA region.
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$15M of the funding allocated to Phase 2B clinical trials and UAE infrastructure development.
• Enables initiation of four clinical programs — NEO100-01, NEO100-02, NEO212 (Phase 2a/2b), and NEO100-03, the company’s first pediatric Phase 1 trial.
• Supported by an expanded Scientific Advisory Board (Drs. Friedman, Miller, Ashley, Chen) and collaboration with the Cleveland Clinic Abu Dhabi to advance CNS cancer care globally.
https://finance.yahoo.com/news/neonc-technologies-quazar-investment-set-130000126.html