Why NeuroSense Therapeutics Stock Is Soaring Today

NeuroSense Therapeutics Ltd NRSN shares are up more than 60% after the company reported results from a stage III ALS Biomarker study evaluating PrimeC.

Preliminary results showed that levels of disease-related biomarkers in people with ALS were unchanged, in contrast to a statistically significant decline portrayed in biomarkers when PrimeC was administered.

PrimeC is NeuroSense's lead combination drug candidate for the treatment of ALS. It's currently being evaluated in NeuroSense's Phase IIb PARADIGM study following the successful completion of the Phase IIa study, which met its primary endpoints.

"These results are very encouraging, especially in that they validate NeuroSense's clinical strategy. The biomarker study, along with the data we collect from our Phase IIb study, will inform the optimization of a pivotal Phase III study of PrimeC in ALS," said Alon Ben-Noon, CEO or NeuroSense.

NeuroSense is a clinical-stage biotechnology company focused on discovering and developing treatments for patients suffering from debilitating neurodegenerative diseases.

See Also: Why Pfizer Partner BioNTech Shares Are Rising Today

NRSN Price Action: NeuroSense has traded between $8.18 and $1.23 over a 52-week period.

The stock was up 66.47% at $2.81 at press time, according to data from Benzinga Pro.

Photo: Bokskapet from Pixabay.

Posted In: why it's movingPenny StocksMoversTrading Ideas

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.