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The latest announcement is out from NurExone Biologic ( (TSE:NRX) ).
NurExone Biologic has acquired a master cell bank from a U.S. manufacturer, marking a significant milestone in the production of exosome-based therapies. This acquisition ensures a stable supply chain of high-quality mesenchymal stem cells, which are crucial for advancing the company’s therapeutic and drug delivery technologies. The strategic move positions NurExone to capitalize on the growing demand for innovative treatments across various therapeutic areas, including spinal cord and optic nerve injuries, and to potentially collaborate on siRNA-based therapies.
More about NurExone Biologic
NurExone Biologic Inc. is a pharmaceutical company listed on the TSX Venture Exchange and OTCQB, specializing in the development of exosome-based therapies for regenerative medicine. Its primary focus is on delivering minimally invasive treatments for Central Nervous System injuries, with its first product, ExoPTEN, showing promise in recovering motor function in preclinical trials.
YTD Price Performance: 6.56%
Average Trading Volume: 53,887
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$33.44M
See more insights into NRX stock on TipRanks’ Stock Analysis page.