OncoSec receives $3.9M in tax credits from NJEDA program

OncoSec announced the receipt of $3.49M in tax credit certificates from the New Jersey Economic Development Authority – NJEDA -. The tax credit certificates are offered to qualified companies through the NJEDA’s Technology Business Tax Certificate Transfer Program, which enables eligible technology and biotechnology companies based in New Jersey to sell unused net operating losses and research and development tax credits for cash proceeds.