NeuroSense Therapeutics Ltd (NASDAQ:NRSN) shares rose 3.9% on Monday after the company announced that the Australian Patent Office had granted intellectual property protection for its PrimeC therapy.
The patent issued is Australian Patent No. 2022370513, titled "Compositions Comprising Ciprofloxacin and Celecoxib," and it confers coverage through October 2042. The company said the Australian grant follows a previously issued U.S. patent and represents a deliberate step to broaden PrimeC's IP footprint in important jurisdictions.
In a company statement, Chief Executive Officer Alon Ben-Noon said: "Securing patent protection in Australia, in addition to the already granted patent in the US, is an important step in executing our global IP protection strategy for PrimeC."
About PrimeC
PrimeC is an oral, extended-release formulation that combines the antibiotics ciprofloxacin and the anti-inflammatory celecoxib. The therapy is designed to act on several biological pathways implicated in amyotrophic lateral sclerosis (ALS), including neuroinflammation, iron dysregulation, and miRNA dysregulation.
The company describes PrimeC as Phase 3-ready for ALS after reporting positive results from its Phase 2b PARADIGM study and obtaining FDA clearance of the pivotal Phase 3 protocol. NeuroSense is also pursuing PrimeC's development for Alzheimer’s disease and other neurodegenerative conditions.
Market reaction and context
The patent announcement coincided with a modest uptick in NeuroSense's NASDAQ-listed shares. The Australian grant augments existing U.S. protection and aligns with the company's stated global IP strategy for the compound.
Limitations of available information
The company has not provided additional details beyond the patent number, title, term through October 2042, the prior U.S. patent, the Phase 2b result characterization, and FDA clearance of the Phase 3 protocol. No further claims about timing, commercial exclusivity beyond the stated term, or clinical outcomes beyond Phase 2b and Phase 3 readiness were provided in the announcement.