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ONCS - OncoSec receives $3.9M in tax credits from NJEDA program
OncoSec Medical Incorporated
2023-04-27 08:16:50 ET
OncoSec Medical ( NASDAQ: ONCS ) has announced the receipt of $3.49M in tax credit certificates from the New Jersey Economic Development Authority.
"The NJEDA NOL program provides non-dilutive funding for OncoSec by allowing us to sell our unused NOLs and R&D tax credits for cash, without reducing investor value or adding debt to our balance sheet." said Robert H. Arch, President and CEO.