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NurExone Strengthens Path to Clinical Trials for ExoPTEN with New Manufacturing Process Validation
Globenewswireยท2025-06-04 20:04

Core Viewpoint - NurExone Biologic Inc. is advancing its exosome-based therapy platform, particularly focusing on its lead candidate ExoPTEN, which targets high-impact neurological conditions. The company is also seeking shareholder approval for its amended Omnibus Plan at an upcoming meeting [1][6]. Manufacturing Process and Clinical Readiness - The company presented promising early data on the viability and potency of cells from its proprietary Master Cell Bank (MCB) at a recent conference, indicating strong economic potential for exosome production [2][3]. - The MCB is crucial for establishing GMP-compliant manufacturing processes for exosomes, which are intended to support clinical trials and future commercial supply [3][4]. - NurExone plans to transfer its manufacturing process to its U.S.-based subsidiary, Exo-Top, to enhance clinical readiness and scalability [3][4]. Product Development and Market Potential - ExoPTEN is being developed as a first-in-class therapy for conditions such as acute spinal cord injury and optic nerve damage, which represent multi-billion-dollar markets [4][9]. - The company expects to initiate its first human clinical trial for ExoPTEN in 2026, continuing to expand its manufacturing capabilities for exosome-based regenerative therapies [5][9]. Omnibus Plan and Shareholder Approval - At the upcoming meeting, shareholders will consider the amended Omnibus Plan, which includes housekeeping amendments that do not affect securityholder rights [6][7]. - The maximum number of common shares reserved for RSUs and Restricted Shares is fixed at 10% of the issued and outstanding shares, currently anticipated to be 7,800,791 [8].