Business

NeOnc Technologies Closes Strategic Acquisition of Advanced AI and 3D Bioprinting IP, Appointing World-Renowned Scientist Dr. Ishwar K. Puri to its Board

CALABASAS, Calif., Aug. 25, 2025 (GLOBE NEWSWIRE) -- NeOnc Technologies Holdings, Inc. (NASDAQ:NTHI), a multi-Phase 2 clinical-stage biotechnology company pioneering therapies for central nervous system (CNS) cancers, today announced the closing of its acquisition of an intellectual property portfolio featuring artificial intelligence, 3D bioprinting, and quantum modeling technologies. This move significantly fortifies NeOnc’s drug discovery engine and helps accelerate its mission to develop the

articleNeonc Technologies Holdings, Inc.August 25, 20255/company/neonc-technologies-holdings-inc-common-stock/news/neonc-technologies-closes-strategic-acquisition-130000192
NeOnc Technologies Closes Strategic Acquisition of Advanced AI and 3D Bioprinting IP, Appointing World-Renowned Scientist Dr. Ishwar K. Puri to its Board

About this update from Neonc Technologies Holdings, Inc.

[{"type":"image","alt":"NeOnc Technologies Holdings, Inc.","displaySize":"","headline":null,"caption":"NeOnc Technologies Holdings, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":93,"url":"https://media.zenfs.com/en/globenewswire.com/b347a68adadea2a3bd45b7a77e70bf38"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/31EVIWakRB17XYBfbTJVvQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTEzMDtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/b347a68adadea2a3bd45b7a77e70bf38","width":300,"height":93}},"lazy":false},{"type":"text","content":"CALABASAS, Calif., Aug. 25, 2025 (GLOBE NEWSWIRE) -- NeOnc Technologies Holdings, Inc. (NASDAQ:NTHI), a multi-Phase 2 clinical-stage biotechnology company pioneering therapies for central nervous system (CNS) cancers, today announced the closing of its acquisition of an intellectual property portfolio featuring artificial intelligence, 3D bioprinting, and quantum modeling technologies. This move significantly fortifies NeOnc’s drug discovery engine and helps accelerate its mission to develop therapies for complex neurological cancers.","length":540,"tagName":"p"},{"type":"text","content":"The newly acquired IP, which includes U.S. Patent No. 11,788,057 B2, allows NeOnc to create highly sophisticated, patient-derived 3D brain tumor models. By applying proprietary AI and quantum modeling algorithms to these realistic biological environments, the company can now perform high-throughput screening of therapeutic candidates with greater speed and accuracy. The technology is designed to de-risk and shorten the preclinical development timeline, identifying the most promising drug candidates for clinical trials more efficiently.","length":541,"tagName":"p"},{"type":"text","content":"Under the terms of the agreement, the transaction was valued at $3.5 million, consisting of $500,000 in cash and $3 million in NeOnc common stock at a price of $25 per share. The technology will be integrated into NeOnc’s core R&D operations and will support its strategic partnership with Quazar Investment Group to advance clinical trials across the GCC region.","length":367,"tagName":"p"},{"type":"text","content":"Concurrent with the acquisition's closing, NeOnc formally welcomes Dr. Ishwar K. Puri to its Board of Directors. As the Senior Vice President of Research and Innovation at the University of Sout...

More updates from Neonc Technologies Holdings, Inc.

clinical trialscentral nervous systemdrug candidates3D bioprintingIshwar K. Puri