IMUNON, Inc. has agreed to sell its rights to ThermoDox, a heat-activated cancer drug, to VoxelDox Therapeutics. VoxelDox plans to develop ThermoDox for glioblastoma treatment and will provide IMUNON with equity, milestone payments up to $16.5 million, and royalties on future sales. This deal allows IMUNON to focus its resources on its lead program, IMNN-001, currently in a Phase 3 trial for advanced ovarian cancer, while maintaining potential long-term financial benefits from ThermoDox. The transaction depends on VoxelDox securing $2.5 million in financing to start a Phase 1 glioblastoma trial.
IMUNON's strategic sale of ThermoDox is the subject, with Pluang's Health sector market data as context. For readers following Health stocks, 65 out of 150 traded US stocks rose while 76 fell as of Oct 21, 2026 18:42 WIB. Notable movers include Abbott Laboratories (ABT) at USD 98.50 with a 1-day change of -4.09%, Danaher Corporation (DHR) at USD 215.50 down 3.80%, and Tango Therapeutics Inc. (TNGX) up 3.76% at USD 26.20.
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