NeuroSense Therapeutics Enters Binding Term Sheet to Advance PrimeC for ALS
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NeuroSense Therapeutics has entered a binding term sheet with a leading global pharmaceutical company to advance its ALS treatment, PrimeC. The agreement includes an upfront payment, funding for a Phase 3 study, milestone payments, and double-digit royalties. The final agreement is expected by Q1 2025.
December 23, 2024 | 2:15 pm
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NeuroSense Therapeutics has secured a binding term sheet with a global pharmaceutical company to advance its ALS treatment, PrimeC. This includes an upfront payment, funding for a Phase 3 study, milestone payments, and royalties, with a final agreement expected by Q1 2025.
The binding term sheet with a leading pharmaceutical company is a significant development for NeuroSense Therapeutics, providing financial support and potential revenue through milestone payments and royalties. This is likely to positively impact NRSN's stock price in the short term as it advances its ALS treatment, PrimeC.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100