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Nurexone Biologic Inc
Symbol NRX
Shares Issued 65,814,822
Close 2024-04-24 C$ 0.63
Market Cap C$ 41,463,338
Recent Sedar Documents

Nurexone Biologic begins trading on OTCQB

2024-04-25 12:45 ET - News Release

Dr. Lior Shaltiel reports

NUREXONE BIOLOGIC INC. ANNOUNCES STRATEGIC EXPANSION TO US FINANCIAL MARKETS WITH APPROVAL OF OTCQB LISTING APPLICATION AND DTC ELIGIBILITY

Nurexone Biologic Inc.'s common shares are now quoted for trading on the OTCQB Venture Market under the symbol NRXBF. The OTCQB listing enhances visibility and facilitates trading by U.S. institutional and retail investors.

As the sole public company developing therapies for spinal cord injury treatment with exosomes, Nurexone is proud to broaden its financial market access. The OTCQB, a renowned U.S. trading platform, is a pivotal gateway to U.S. trading, fostering an environment conducive to informed investment decisions. This enhances opportunities to attract investment and optimize shareholder value.

The company has also received Depository Trust Company (DTC) eligibility for its shares on the OTCQB. DTC eligibility expands the company's stock reach to a wider audience of potential investors and brokerage firms that mandate additional compliance measures. This move aims to enhance accessibility and potentially boost liquidity through on-line transactions.

Yoram Drucker, chairman of Nurexone's board, expressed his enthusiasm, stating: "Securing a place on the OTCQB and obtaining DTC eligibility exemplify our dedication to enriching shareholder engagement and liquidity. These achievements enable U.S. investors to easily access and invest in Nurexone. As pioneers in exosome-loaded nanodrug development for a variety of clinical conditions, notably spinal cord injuries, we're excited to provide the investing community with expanded avenues to join our innovation."

Dr. Lior Shaltiel, chief executive officer of Nurexone, added: "Expanding our investor base will accelerate our efforts in developing solutions and therapies for the hundreds of thousands of patients worldwide suffering from traumatic spinal cord injuries."

Nurexone Biologic's common shares will continue trading on the TSX Venture Exchange and on several stock exchanges in Germany, including Frankfurt, Munich or Tradegate. If and when the company's common shares start to trade on the OTCQB, the company's common shares will continue to trade on the TSX-V under the symbol NRX and in Germany under the symbol J90.

About Nurexone Biologic Inc.

Nurexone Biologic is a TSX-V-listed pharmaceutical company that is developing a platform for biologically guided exosome-based therapies to be delivered, non-invasively, to patients who have suffered central nervous system injuries. The company's first product, ExoPTEN for acute spinal cord injury, was proven to recover motor function in 75 per cent of laboratory rats when administered intranasally. ExoPTEN has been granted orphan drug designation by the FDA (U.S. Food and Drug Administration). The Nurexone platform technology is expected to offer novel solutions to drug companies interested in non-invasive targeted drug delivery for other indications.

We seek Safe Harbor.

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