Noxopharm Limited has been awarded an Innovation Connections grant for $50,000, to part fund research into new therapies for the treatment of inflammatory diseases. Innovation Connections is a service delivered by CSIRO as part of the Australian Government's Entrepreneurs' Programme, which drives business growth and competitiveness by supporting business improvement and research collaboration in targeted growth sectors, and the commercialisation of novel products, processes and services. The non-dilutive funding, alongside a company contribution, will fully fund the work of a postdoctoral medicinal chemist, under the supervision of Professor Naresh Kumar at the UNSW Sydney campus, to synthesise novel drug candidates and optimise their design.

This activity will deepen Noxopharm's relationship with the UNSW team and complement other work already underway. The grant is the third recently awarded to Noxopharm, and reflects the company's strategy of seeking non-dilutive grant funding that supports its pipeline while validating its scientific approach and partnerships with leading research institutions.