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NeOnc Noses Into Novel Brain Cancer Treatment

Key Takeaway: NeOnc, a biotech company founded by Dr. Thomas Chen, is developing novel nasal spray treatments for brain cancer that aim to overcome the blood-brain barrier. The company is currently in clinical trials for two products using perillyl alcohol, one of which is in phase 2 testing. NeOnc has received FDA fast-track and orphan drug status, and plans to seek partnerships with larger pharmaceutical companies after positive trial results.

Market Sentiment Analysis

POSITIVE FACTORS

  • NeOnc is developing innovative nasal spray treatments for brain cancer.
  • Both products have received fast-track and orphan drug status from the FDA.
  • The combination of perillyl alcohol and Temozolomide shows promising delivery to the brain.
  • NeOnc has secured $18.5 million in funding for clinical trials.

CONCERNS & RISKS

  • Current treatments for brain cancer still have low survival rates.
  • The effectiveness of the nasal spray products is still under clinical trials.
  • The company is in early phases of development and requires strategic partnerships.

BiopharmaWatch Analysis

From our catalyst data and publicly available data · not financial advice
Cash runway
~1 mo
High dilution risk
Lead asset
Perillyl alcohol
Phase 1 · Glioblastoma Multiforme

Full Press Release Details

Publication Date: July 25, 2024 Published By: Pharma Insider Article Link: https://www.mediapost.com/publications/article/397827/neonc-noses-into-novel-brain-cancer-treatment.html
Treatment for brain cancer patients typically consists of surgery, radiation, and an oral drug called Temozolomide, developed by Merck and now generic. The most serious cases, however, still have less than a three-month survival rate, Dr. Thomas Chen, director of surgical neuro-oncology at the University of Southern California, tells Pharma & Health Insider.
But what if you could solve this dilemma with a nasal spray?
NeOnc — a biotech company founded by Dr. Chen, who serves as its chief executive officer — is currently in clinical trials with two products designed to break through the blood-brain barrier that normally inhibits cancer drugs from getting to their intended targets.
Both products use plant-based perillyl alcohol and have received both fast-track and orphan drug status from the FDA, due to brain cancer’s designation as a rare disease.
One of the products, currently recruiting seriously ill recurrent brain cancer patients for phase 2 tests, uses perillyl alcohol at full concentration, but Dr. Chen notes that down the road it can be combined with other drugs to help carry them across the blood-brain barrier.
One of those drugs, for instance, could be Velcade, currently used for myeloma, which Dr. Chen says also works on brain cancer cells. He notes that Velcade given to mice intravenously has no effect on brain cancer, but when given in combination with NeOnc’s product, gets into the brain.
The other product, now in phase-one trial, uses perillyl alcohol in combination with Temozolomide, which Dr. Chen notes on its own has “some permeability through t he blood-brain barrier” in oral form.
The NeOnc combination is said to deliver that drug to the brain ten times better than the oral-alone version.
NeOnc’s reformulation of Temozolomide is patented, one of some 135 patents the start-up has received.
The company plans to hold on to those patents, per Executive Chairman Amir F. Heshmatpour, with Big Pharma partners expected on the distribution side.
“After we have positive data in phase 2,” he adds, “we would start looking at strategic partners like an Amgen, like a Merck, to come in and partner up with us and help us to get this out to the market.”
You can also expect NeOnc to go public, with Heshmatpour saying, “we are anticipating to come to the market before the year end.”
The company last month announced it had raised $18.5 million in funding to support its clinical trials.

Frequently Asked Questions

What is NeOnc developing for brain cancer?

NeOnc is developing nasal spray treatments designed to overcome the blood-brain barrier.

What status have NeOnc's products received from the FDA?

Both products have received fast-track and orphan drug status from the FDA.

What is the main ingredient in NeOnc's treatments?

The main ingredient used in NeOnc's products is plant-based perillyl alcohol.

What funding has NeOnc secured for its trials?

NeOnc has raised $18.5 million to support its clinical trials.

When does NeOnc plan to go public?

NeOnc anticipates going public before the end of the year.

Last updated: Jul 25, 2024