N2OFF Signs Definitive Agreement to Acquire Next-Gen Computational Drug Discovery Company, Targeting Hard To Treat Cancers
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N2OFF, Inc. (NASDAQ: NITO) has signed a definitive agreement to acquire MitoCareX Bio Ltd., a biotech company specializing in drug discovery for cancer therapeutics. This acquisition marks N2OFF's expansion into the biotech sector, targeting hard-to-treat cancers.
February 26, 2025 | 2:45 pm
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N2OFF, Inc. is acquiring MitoCareX Bio Ltd., marking its entry into the biotech sector with a focus on cancer therapeutics. This strategic move could diversify N2OFF's portfolio and potentially enhance its market position.
The acquisition of MitoCareX Bio Ltd. by N2OFF, Inc. represents a significant strategic expansion into the biotech sector, specifically targeting cancer therapeutics. This move could diversify N2OFF's business operations and potentially increase its market value, leading to a positive short-term impact on its stock price.
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