TORONTO and TEL AVIV, Israel, May 16, 2023 (GLOBE NEWSWIRE) — NurExone Biologic Inc. (the “Company” or “NurExone“) (TSXV: NRX) (FSE: J90) (NRX.V), a biopharmaceutical company developing biologically-guided exosome therapy for patients with traumatic spinal cord injuries, announces that the Company has received an issue notification from the United States Patent and Trademark Office (“USPTO”) for U.S. Patent NO. 11,648,260, granted for the period of 20 years from filing date until March 27, 2039. The patent protects NurExone’s Exo-PTEN technology, and its drug composition as well as methods for non-invasive intranasal administration of exosome-based treatment.
The Patent is a result of a productive collaboration between the Technion (the Israel Institute of Technology) and Tel Aviv University. Both Technology transfer companies, Technion Research and Development Foundation Ltd. and Ramot at Tel Aviv University Ltd are the assignees on the granted patent. NurExone has an exclusive license on the granted patent. One of the inventors, Dr. Nisim Perets is currently leading the technology transfer activities in NurExone’s research and development team.