NeOnc Technologies Holdings, Inc. is a clinical-stage biopharmaceutical company. It develops novel molecular technology that provides enhanced targeted delivery of technologies for treating central nervous system diseases. The company was founded in 2008 and is headquartered in Calabasas, CA.
NeOnc Technologies- Talk Is Cheap, Insider Buying Isn’t
NeOnc Technologies CEO Amir Heshmatpour purchased 15,000 shares on the open market between August 14 and August 17 at a weighted average price of $3.91, totaling approximately $58,600.
The buying follows positive Phase 2a data for NEO100 in recurrent IDH1-mutant high-grade glioma, which reported a 48.9% six-month progression-free survival rate versus a 20% historical benchmark with a p-value of 0.0047.
NeOnc intends to seek a Type B FDA meeting to discuss a potential registrational pathway, and the company also noted that its second asset, NEO212, has established a recommended Phase 2 dose of 610 mg.