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Noxopharm Limited (ASX:NOX)

ALERT: Price-sensitive ASX Announcement for NOX
Current share price for NOX : $0.075 -0.021 (-21.88%)+
Release
30 Oct 2025 8:58AM
Price at Release
$0.096
Full Release
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Summary
The September 2025 quarterly report for Noxopharm Limited highlights the company's financial activities and clinical progress. Noxopharm has engaged in strategic partnerships, including an agreement with Tezcat to evaluate oligonucleotides. The HERACLES clinical trial, part of the development of the SOF-SKNâ„¢ platform, has advanced without safety issues, targeting autoimmune diseases. Financially, the company reported A$935k in cash with A$1.9m net cash outflows for the quarter, alongside significant R&D expenditure. Efforts to extend financial resources include extending convertible notes and securing a loan from 4F Investments Pty Ltd. The company aims to secure additional funding to support ongoing R&D and operations.
Key Points
  • Noxopharm signed a Material Transfer Agreement with Tezcat in late 2024.
  • Convertible noteholders approved an extension of the maturity date to 2 January 2027.
  • HERACLES clinical trial successfully passed through several dosing cohorts with no safety issues.
  • Noxopharm's SOF-SKNâ„¢ is in development for autoimmune diseases, with a trial showing promising safety results.
  • The company had A$935k in cash as of 30 September 2025 and saw A$1.9m in net cash outflows from operating activities during the quarter.
  • Noxopharm made research and development payments of A$877k during the quarter.
  • Convertible notes with a face value of $2.6m were extended, allowing access to estimated rebate funds of $2.8m.
  • 4F Investments Pty Ltd provided an unsecured loan of $1.25m at a 12% interest rate.
  • Company continues to seek additional funding opportunities to extend its financial runway.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.