IMUNON Receives $1.3M from Sale of New Jersey Net Operating Losses

Monday, 25 March 2024, 12:58

IMUNON, a clinical-stage drug development company, has successfully secured $1.3 million in funding through the sale of its New Jersey net operating losses. This non-dilutive funding will significantly support IMUNON's ongoing research and development efforts, highlighting its innovative financial strategy to boost capital without share issuance.
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IMUNON Receives $1.3M from Sale of New Jersey Net Operating Losses

IMUNON Secures $1.3M Funding

IMUNON, a clinical-stage drug development company, has generated $1.3 million in funding from the sale of New Jersey net operating losses.

Non-Dilutive Funding Boosts Research Efforts

This strategic financial move provides crucial support for IMUNON's ongoing research and development projects.

  • Secured funding through innovative financial strategy
  • Utilized New Jersey net operating losses for capital enhancement

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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