NurExone Biologic Announces Corporate Updates including Israel Patent Grant and Private Placement Closing

Core Insights - NurExone Biologic Inc. has received a patent grant from the Israel Patent Office for the production of extracellular vesicles from stem cells, complementing a recent U.S. Notice of Allowance for the same application [2][3] - The company is actively participating in key U.S. conferences to showcase its exosome manufacturing platform and engage with potential partners and investors [4][5] - NurExone has completed a non-brokered private placement, raising approximately C$632,655.68 to support its preclinical pipeline and U.S. manufacturing initiatives [6][7] Patent and Intellectual Property - The granted patent enhances NurExone's international intellectual property portfolio, which is crucial for its exosome-based regenerative therapies [2][3] Conference Participation - Dr. Ina Sarel will present at the 7th Annual Exosome-Based Therapeutic Development Summit, focusing on regulatory practices in exosome research [4] - Dr. Lior Shaltiel will speak at the Bioprocess International Conference, discussing advancements in spinal cord injury treatments [5] Financing and Capital Structure - The private placement involved 930,376 units at C$0.68 per unit, with each unit consisting of one common share and one-half of a warrant [6][7] - The warrants allow holders to purchase common shares at C$0.88 for 36 months, with potential acceleration if the share price exceeds C$1.70 [7] Related Party Transactions - Jay Richardson, a director of the company, participated in the private placement, which is classified as a related party transaction [9][10] Company Overview - NurExone focuses on developing regenerative exosome-based therapies for central nervous system injuries, with its lead product, ExoPTEN, showing strong preclinical data [13] - The company aims to provide solutions for quality exosomes and targeted delivery systems, establishing a U.S. subsidiary, Exo-Top Inc., to support its growth strategy [13]