Neonc Technologies stock falls after $3.5 million IP acquisition deal

Published 30/07/2025, 16:32
© Reuters.

Investing.com -- Neonc Technologies Holdings Inc (NASDAQ:NTHI) stock fell 12.8% following the announcement of a definitive agreement to acquire intellectual property assets for $3.5 million in a mixed cash and stock transaction.

The clinical-stage biotechnology company, which focuses on brain cancer treatments, signed a binding Letter of Intent to purchase all equity interests in a yet-to-be-formed Delaware entity owned by Dr. Ishwar K. Puri and Beth R. Levinson. The acquisition includes U.S. Patent No. 11,788,057 B2, which features 3D bioprinting, artificial intelligence, and quantum modeling technologies aimed at accelerating preclinical drug discovery for brain-targeted therapies.

The transaction structure consists of $500,000 in cash and $3 million in Neonc common stock issued at $25 per share. As part of the deal, Dr. Puri, who currently serves as Senior Vice President of Research and Innovation at the University of Southern California, will join Neonc’s Board of Directors.

"Dr. Ishwar Puri’s appointment to our Board is a monumental addition to NeOnc’s global scientific leadership," said Amir Heshmatpour, Executive Chairman and President of NeOnc Technologies Holdings.

The acquired intellectual property will be integrated into Neonc’s existing platform and incorporated into the company’s Middle East partnership with Quazar Investment Group, which focuses on innovation and clinical trial execution across the GCC region.

Dr. Puri, who ranks among the top 0.4% of scholars worldwide by citation impact according to ScholarGPS, has authored over 200 publications and held various academic leadership positions in the U.S. and Canada.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.