Latest news with #Neman
Yahoo
3 days ago
- Business
- Yahoo
NeOnc Technologies Holdings, Inc. Appoints Dr. Josh Neman as Chief Clinical Officer to Advance Clinical Strategy and Translational Oncology Programs
USC brain tumor authority to accelerate four clinical trials including lead asset NEO100 nearing Phase 2a completion ahead of schedule Appointment bolsters FDA approval path while company explores AI and quantum computing to enhance drug delivery platform CALABASAS, Calif., June 06, 2025 (GLOBE NEWSWIRE) -- NeOnc Technologies Holdings, Inc. (NASDAQ: NTHI), a clinical-stage biopharmaceutical company focused on innovative treatments for central nervous system (CNS) cancers and disorders, today announced the appointment of Josh Neman, PhD as its new Chief Clinical Officer (CCO). Dr. Neman brings with him a distinguished career at the intersection of cancer neuroscience, translational research, and academic medicine. Dr. Neman joins NeOnc Technologies Holdings Inc. (NeOnc) from the Keck School of Medicine at the University of Southern California (USC), where he serves as Associate Professor of Neurological Surgery and Physiology & Neuroscience, and Scientific Director of the USC Brain Tumor Center. At USC, he also leads the Cancer Biology and Genomics PhD Program and serves as Director of Cancer Research Training and Education Coordination at the USC Norris Comprehensive Cancer Center- a leading National Cancer Institute-designated cancer research hospital. A nationally recognized leader in neurooncological sciences and cancer neuroscience, Dr. Neman's research has advanced the understanding of how brain microenvironments influence the progression of brain tumors and metastases. His pioneering studies on tumor-neuron interactions, GABAergic signaling in cancer, and mechanisms of leptomeningeal dissemination have helped shape new therapeutic paradigms for both adult and pediatric brain tumors. 'I am deeply honored to join NeOnc at this exciting time,' said Dr. Neman. 'NeOnc's commitment to developing innovative therapeutics, including Blood Brain Barrier-penetrant compounds like NEO212 and NEO100, aligns perfectly with my lifelong passion to improve outcomes for patients with brain tumors. I look forward to helping lead the translation of promising discoveries from the lab into meaningful clinical impact.' In his role as Chief Clinical Officer, Dr. Neman will lead NeOnc's clinical development strategy, including investigator-initiated trials and precision oncology partnerships. He will also play a key role in expanding NeOnc's research collaborations with academic institutions, regulatory agencies, and patient advocacy groups. 'Dr. Neman's appointment signals a major step forward in NeOnc's mission to transform the treatment landscape for patients with life-threatening cancers with poor outcomes,' said Amir Heshmatpour, Executive Chairman and President of NeOnc Technologies Holdings, Inc. 'His academic and clinical leadership, coupled with his deep expertise in brain tumor biology, will be instrumental in accelerating all four of our clinical trials—especially our lead asset, NEO100, which is approaching the completion of its Phase 2a trial with full enrollment achieved ahead of schedule. As we look to add AI and quantum computing into our expanding platform in drug delivery and bio-conjugation, Dr. Neman's appointment further strengthens our commitment to advancing precision therapies and driving toward FDA approval.' About NeOnc Technologies Holdings, Inc. (NASDAQ: NTHI): NeOnc Technologies is a publicly traded, clinical-stage biopharmaceutical company developing innovative therapies for brain and central nervous system cancers. Its lead programs—NEO100-01, NEO100-02, NEO100-03, and NEO212—utilize proprietary formulations to bypass the blood-brain barrier and target malignancies with precision. The company's IP portfolio includes 176 patents worldwide, reflecting a broad platform with strong commercialization potential. For more about NeOnc and its pioneering technology, visit Important Cautions Regarding Forward-Looking Statements All statements other than statements of historical facts included in this press release are "forward-looking statements" (as defined in the Private Securities Litigation Reform Act of 1995). Generally, such forward-looking statements include statements regarding expectations, possible or assumed future actions, business strategies, events or results of operations, including statements regarding expectations or predictions or future financial or business performance or conditions and those statements that use forward-looking words such as "projected," "expect," "possibility" and "anticipate," or similar expressions. The achievement or success of the matters covered by such forward-looking statements involve significant risks, uncertainties, and assumptions. Actual results could differ materially from current projections or implied results. The Company cautions that statements and assumptions made in this news release constitute forward-looking statements and make no guarantee of future performance. Forward-looking statements are based on estimates and opinions of management at the time statements are made. The information set forth herein speaks only as of the date hereof. The Company and its management are under no obligation, and expressly disclaim any obligation, to update, alter or otherwise revise any forward-looking statements following the date of this news release, whether because of new information, future events or otherwise, except as required by law. 'NEO100' is a registered trademark of NeOnc Technologies Holdings, Inc. Company Contact:23975 Sorrento Park Suite 205, Calabasas, CA, 91302info@ Investor Relations:James CarbonaraHayden IR369 Lexington AvenueSecond FloorNew York, NY 10017Office: (646)-755-7412James@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
05-05-2025
- Business
- Yahoo
While nearly everything gets more expensive, Sweetgreen CEO defends $16 salads, imploring customers to think about the long-term cost of their health
Sweetgreen is undoubtedly one of the healthier fast-food options in the U.S., but it's also one of the most expensive. Salads cost about $16 on average, but the company's CEO encourages customers to think beyond today's price of a meal and instead consider the long-term impacts of what you eat. Consumer confidence is plummeting—and for good reason. Since 2020, prices on goods have jumped more than 23%, and there's fear surrounding President Donald Trump's new tariff policies as well as inflation. But one CEO is imploring consumers to think beyond today's price of their product, championing the long-term benefits it can bring. Sweetgreen CEO Jonathan Neman told the New York Times that when you think about the cost of something, you have to sometimes think about the total cost of it. 'There's the cost to you, but when you eat certain things, what's the cost to your health? What's the cost to the environment?' said Neman, who launched the fast-casual salad chain in the mid-2000s while he was a student at Georgetown University. The company went public in late 2021 and now has 250 locations across the U.S.—and aspirations to make the brand the Starbucks of salad. Neman and his business partners, Nicolas Jammet and Nathaniel Ru, opened their first Sweetgreen near campus in Washington, D.C., in 2007. This was just about three years after the premiere of the documentary Super Size Me, which initiated conversations about the short- and long-term impacts of traditional American fast food. 'We were going to be rejecting the fast food of the previous generation,' Neman told the NYT. But healthier options inevitably mean a higher cost—and subsequently price for consumers. The average Sweetgreen salad costs about $16, according to Eater, while the average price of a Big Mac meal is about $10. 'People are paying not only for the quality of the taste in the food, but the fact that it's made by hand, the fact that we pay our farmers and our team members fairly,' Neman told NYT. However, Sweetgreen uses fresh ingredients from farm and produce partners, and the menu largely consists of vegetables, grains, and proteins—although it recently launched air-fried ripple fries that are about 160 fewer calories than McDonald's fries. The company also touted in an advertisement the fries have just five ingredients, while competitors include a litany of unrecognizable additives. 'Most companies process their food centrally and ship it out around the country,' Neman told the Wall Street Journal in 2024. 'In order to maximize the taste and the freshness, we believe that food should be made closer to where the guests are eating the food.' Plus, 'treating' yourself to Sweetgreen could actually end up being cheaper than buying groceries: Take it from former Fortune reporter Jane Thier. The average monthly cost of groceries for a single person is $504, BLS data shows. Sweetgreen didn't immediately respond to Fortune's request for additional comment. Although company profits were up to nearly $677 million for fiscal 2024, according to Sweetgreen's most recent earnings report, it still faced a net loss of about $90 million. Assuming a $16 average price for a salad from Sweetgreen, the company loses about $2.26 per meal, a Sherwood News analysis showed. Some of the highest costs include food, drinks, packaging, labor, and administrative costs, the earnings report shows. Another major cost for Sweetgreen has been investing in technology to power its pickup services, deliveries, and AI to provide suggestions to customers and maintain its loyalty program. 'Our path to profitability on a net income basis comes from a few levers,' Neman told WSJ. 'The first is continuing to grow our footprint. Second is growing sales in existing stores. The third is being very disciplined on our cost structure to make sure the incremental profit we're making is flowing through the bottom line.' Sweetgreen will report first-quarter fiscal 2025 earnings on May 8. This story was originally featured on Sign in to access your portfolio
New York Times
28-04-2025
- Business
- New York Times
Sweetgreen's C.E.O. on Robots, ‘MAHA' and Why Salads Are So Expensive
When Jonathan Neman was a student at Georgetown in the mid-2000s, he and some friends wanted to start a restaurant. A fast-food restaurant, but it would be healthy. And cool. The documentary 'Super Size Me' had made waves, and 'we were going to be rejecting the fast food of the previous generation,' Mr. Neman said. He and his business partners, Nicolas Jammet and Nathaniel Ru, opened the first Sweetgreen in 2007, on the edge of campus on M Street in Washington. As they expanded, they decided against franchising the brand, keeping control of every new location. Soon it became a buzzy millennial lifestyle brand. It sponsored an annual music festival. It went public in late 2021. Sweetgreen now has more than 250 restaurants across the United States. The chain is known for its endlessly customizable salads — and for how quickly the cost of all those extra toppings and dressings can add up. (A recent lunch there cost me $16.28.) The company also runs a growing number of locations that include what it calls the Infinite Kitchen, with salad-slinging robots that assemble bowls faster than human workers. With great fanfare, Sweetgreen recently put fries on its menu — air-fried in avocado oil, to make customers feel better about adding a side of carbs to a salad. Much of its food is sourced locally, including avocados from California, which will limit the hit the company takes on tariffs, executives have told investors. And Sweetgreen doesn't cater just to office workers eating salads at their desks. Mr. Neman, 40, said he had heard that teenagers were 'obsessed' with the salads, which wasn't the case when Sweetgreen started. 'The fact that they think that eating healthy is cool is something that we envisioned,' he said at his office in Los Angeles, where the company is now based. Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times. Thank you for your patience while we verify access. Already a subscriber? Log in. Want all of The Times? Subscribe.
Yahoo
04-04-2025
- Business
- Yahoo
Sweetgreen abandons tiered loyalty for points-based program
This story was originally published on Restaurant Dive. To receive daily news and insights, subscribe to our free daily Restaurant Dive newsletter. Sweetgreen has launched a points-based loyalty program, SG Rewards, to replace Sweetpass, a tiered subscription program that consumers found too complicated, the company announced in a Thursday press release. SG members earn 10 points for every dollar spent, and get access to unspecified perks and members-only deals. The points can be redeemed for entrees or sides, according to the press release. CEO Jonathan Neman said during a February earnings call that the loyalty shift would help improve Sweetgreen's value proposition — a vital consideration as consumers remain price sensitive and economic confidence falters. Sweetgreen's new program has been in the works since last year. The program was created in response to consumer desire for a more flexible rewards program, Neman said in a statement. 'SG Rewards offers more value, more flexibility and more ways to enjoy Sweetgreen — from everyday surprise & delight moments to members-only deals and special perks,' Neman said. The Sweetpass program that preceded SG Rewards included consumer challenges and a subscription tier, which cost members $100 annually, that gave consumers $3 discounts on orders. To promote adoption of the new program, the salad brand is offering some time-limited perks. Consumers who sign up and complete a purchase in April will receive 1,000 bonus points, equivalent to the amount earned after $100 in spend. Existing members who make an eligible purchase before April 11 will also receive 1,000 bonus points. Those bonus points are enough to earn an order of the company's air-fried Ripple Fries, which were introduced in March, according to the press release. On the earnings call, Neman said he expected the new program — combined with investments in menu innovation and personalized offers — would result in transaction growth. Sweetgreen managed positive comps and traffic last year, Chief Financial Officer Mitch Reback said on the brand's earnings call. Full-year traffic rose 2%, while same-store sales increased a total of 6%. Those numbers were impressive, given the stagnation of same-store sales at many brands, but lagged behind some fast casual competitors, like Chipotle and Cava. Nonetheless, the brand still posted a $90 million net loss for fiscal 2024, according to its 10-K, though that was an improvement over its $113 million net loss in 2023. While Sweetgreen is still the segment leader for fast casual salads, there are other chains looking to unseat it. Just Salad, in particular, has made moves that resemble Sweetgreen's in recent months. Just Salad added heartier options focused on the dinner daypart, debuting drive-thrus and raising $200 million in capital. If 2025 brings Sweetgreen strong traffic, the salad chain could separate itself from competitors, especially if consumer confidence in the category continues to crumble as a result of macroeconomic uncertainty. Recommended Reading Sweetgreen to launch points-based loyalty program
