Editor’s Note: The story has been updated to correct NurExone’s headquarters
Canada and Israel-based biopharma company NurExone Biologic Inc. (OTCQB:NRXBF) on Wednesday said its wholly owned U.S. subsidiary, Exo-Top Inc., entered into a binding memorandum of understanding with ExoLyra LLC outlining terms for a proposed exclusive distribution agreement in Mexico for Exo-Top’s naïve mesenchymal stem cell (MSC)-derived exosome products.
The companies intend to finalize a definitive agreement within 45 calendar days.
If completed, the arrangement would mark Exo-Top’s first structured commercial entry for its naïve MSC-derived exosome portfolio.
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