NeOnc Technologies Enters $50 Million Strategic Partnership with Quazar Investment for MENA Expansion

Reuters

Aug 02

NeOnc Technologies Enters $50 Million Strategic Partnership with Quazar Investment for MENA Expansion

NeOnc Technologies Holdings Inc. has entered a strategic partnership with Quazar Investment, involving a $50 million agreement aimed at advancing the company's global reach and scientific innovation. Under the terms of the deal, Quazar will acquire 1.4 million shares of NeOnc at $25 per share, accounting for a $35 million anchor position, with the remaining $15 million dedicated to Phase 2B clinical trials and infrastructure development across the UAE and MENA region. The partnership is set to enhance NeOnc's therapeutic footprint, pending the completion of legal and capital formation processes within 120 days. This collaboration marks a significant step in expanding access to neuro-oncology treatments in the region.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Neonc Technologies Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001829126-25-005708), on August 01, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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