Our NanoX lipid formulation platform is our proprietary, next generation liposome technology which we believe can overcome the shortcomings of existing remote loading technologies that can only be applied to a certain class of anticancer compounds. NanoX is a novel drug loading vesicle of small unilamellar (single layered) liposomes of approximately 100nm (±20nm) mean diameter employing a novel combination of counter-ions to create an ionic gradient for active drug loading. We aim to utilize this platform to select APIs that have been widely used in clinical practice with confirmed activity against certain cancers. We believe that NanoX-encapsulated APIs could achieve better toxicity profiles, reduced dosing frequency, and possibly improved efficacy in terms of higher response rate and more durable response due to tissue targeted delivery and prolonged circulation time. We believe NanoX could also be developed as an antibody-conjugated variant for next-generation tissue/cellular targeted delivery. TLC178 utilizes our NanoX technology.