NurExone Biologic, a pioneering biopharmaceutical company, developing regenerative medicine therapies, announces its intention to broaden its market reach through a recently filed application for listing on the OTCQB Venture Market (the “OTCQB”) in the United States. Listing on the OTCQB is subject to approval of the OTC Markets Group.
The OTCQB, a reputable U.S. trading platform operated by OTC Markets Group Inc., serves as a pivotal gateway for both domestic and international companies aiming to bolster their visibility and accessibility to American investors. By maintaining stringent standards for transparency and compliance, the OTCQB fosters an environment conducive to informed trading, thus enhancing opportunities for companies to attract investment and optimize shareholder value.
The Company is delighted to announce that it has also applied for DTC eligibility by the Depository Trust Company (“DTC“) for its shares on the OTCQB venture market. Approval for DTC eligibility will expand 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 online transactions.
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Mr. Yoram Drucker, chairman of NurExone’s board, commented, “Expanding our presence to the OTCQB underscores our commitment to enhancing investor engagement and liquidity for our shareholders. OTCQB listing will offer US investors an easy way to invest in NurExone. As pioneers in the development of exosome-loaded nanodrugs for a wide range of clinical indications, we are pleased to offer broader opportunities for the investing public to join us on this innovative journey”.
NurExone Biologic’s common shares will continue trading on the TSX Venture Exchange (the “TSXV”) 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 TSXV under the symbol NRX. The Company remains dedicated to keeping shareholders informed throughout the application process.
NurExone Biologic Inc. is a TSXV 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% of laboratory rats when administered intranasally. ExoPTEN has been granted Orphan Drug Designation by the FDA. The NurExone platform technology is expected to offer novel solutions to drug companies interested in noninvasive targeted drug delivery for other indications.
OTC Markets Group Inc. oversees the operation of the OTCQX Best Market, the OTCQB Venture Market, and the Pink Open Market, encompassing a wide range of over 12,000 U.S. and global securities. By facilitating connections through OTC Link ATS and OTC Link ECN, OTC Markets Group links a varied network of broker-dealers who offer liquidity and execution services. This platform empowers investors to conveniently trade through their preferred brokers while enabling companies to enhance the quality of information accessible to investors.
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