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How Is NLS Pharmaceutics (NLSP) Up More Than 85% Today?

QURE

QURE

A significant rise in the shares price of NLS Pharmaceutics (NASDAQ: NLSP) began in the early-hours of trades today. In the wake of positive news about licensing agreements around data related to mazindol, the NLSP stock rose 85.16% to $5.24 as of this writing.

What does the agreement say?

An experienced management team, an innovative science, and a track record of producing and repurposing product candidates for treating rare and complex neurological disorders are the foundations of Swiss clinical-stage pharmaceutical company NLS Pharmaceutics Ltd. Quilience is developed through the Company as a proprietary controlled release formulation of mazindol for narcolepsy.


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For years, Mazindol was used to treat patients diagnosed with narcolepsy in compassionate use programs as a triple monoamine reuptake inhibitor and partial orexin receptor 2 agonist. Mazindol CR has been tested extensively in adult subjects with ADHD in phase 2 trials conducted by NLS Pharmaceutics. The study was well tolerated and met all primary and secondary endpoints. As a medicine for the treatment of narcolepsy, Quilience has been granted designation as an orphan drug in the U.S. and Europe.

In an announcement today, NLS said that it entered into a license agreement with Novartis Pharma AG around data related to mazindol.

Finally,

By getting such an essential clinical and regulatory package for mazindol, NLS Pharmaceutics (NLSP) could cut clinical costs, save time, and boost its clinical and regulatory programs. NLSP will ultimately be able to boost its capabilities and growth prospects by creating a competitive advantage in different parts of the world.

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