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Noxopharm in trading halt

Posted 15 November 2021 PM

Sydney-based Noxopharm has called a trading halt on the ASX after receiving one of the largest grants ever handed out to a biotech for a single drug program from the Australian Government's Medical Research Future Fund (MRFF).

This morning, Noxopharm was awarded $8.79 million through the MRFF's Rapid Applied Research Translational initiative to cover the cost of a clinical trial, part of its Chemotherapy Enhancement Program (CEP), investigating the combination of Veyonda and standard of care chemotherapy drug, doxorubicin, in patients with soft tissue sarcoma (STS).

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