DENVER, Oct. 14, 2026 (GLOBE NEWSWIRE) — (247marketnews.com) — NeOnc Technologies Holdings (NASDAQ:NTHI) is strengthening its boardroom, while its clinical-development progress seeks to advance treatments for some of the most difficult cancers to treat. The clinical-stage biopharmaceutical company appointed Ali Alabedin, Head of Islamic Banking Group at First Abu Dhabi Bank, to its Board of Directors effective October 9, 2026, adding more than three decades of international banking, governance and business leadership experience.
“Ali’s appointment strengthens our Board as we advance our clinical programs and build our presence in Abu Dhabi,” said Amir Heshmatpour, NeOnc’s executive chairman, president and chief executive officer. Alabedin succeeds Dr. Steven L. Giannotta, who has stepped down from the board but will continue serving on NeOnc’s Scientific Advisory Board, preserving his scientific contribution while the company adds financial and international-growth expertise.
The appointment comes as NeOnc pursues a broader development strategy for its NEO drug platform, designed to address the challenge of delivering therapies across the blood-brain barrier. One of the company’s central programs, NEO212, has completed Phase 1 dose escalation and is advancing toward Phase 2. The Department of Health – Abu Dhabi granted investigational new drug authorization supporting development in the UAE, subject to required ethics approvals and other pre-enrollment conditions. That opens a potential route to regional clinical development, but it does not constitute marketing approval or confirm that patient enrollment has begun.
NeOnc also reported a series of recent corporate and clinical milestones. On August 12, the company announced positive topline results from its 24-patient NEO100 Phase 2a study, reporting six-month progression-free survival of 48.9% against a prespecified 20% benchmark and median overall survival of 26.09 months. On September 17, it announced the redemption of its outstanding Series A convertible preferred stock, a capital-structure development the company said eliminated the associated potential dilution without issuing common shares.
The next major dates on the calendar include November 17, 2026, when NeOnc announced an End-of-Phase 1 Type B meeting with the U.S. Food and Drug Administration regarding NEO212. The discussions are expected to address potential Phase 2 trial design, patient population, endpoints and regulatory pathways. The meeting is a key opportunity to obtain regulatory feedback. Further milestones to watch include UAE ethics clearance and confirmation of NEO212 trial readiness, potential follow-up FDA engagement on NEO100 after its Phase 2a results.
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