NeuroNOS appointed Nobel laureate Professor Dan Shechtman to its Scientific Advisory Board to enhance research on Autism and Alzheimer’s treatments.
Quiver AI Summary
NeuroNOS, a biopharmaceutical company focused on innovative treatments for Autism Spectrum Disorder (ASD) and Alzheimer’s disease (AD), has appointed Nobel Prize laureate Professor Dan Shechtman to its Scientific Advisory Board. CEO Amir Avniel highlighted that Shechtman’s expertise, alongside that of another Nobel laureate, Professor Roger Kornberg, will significantly enhance NeuroNOS's research capabilities. The company is committed to developing therapies utilizing advanced multidisciplinary approaches to regulate Nitric Oxide levels in the brain, which have shown promise in preclinical studies for these neurological disorders. NeuroNOS is currently preparing for first-in-human clinical trials for ASD set to begin in 2026, marking a major step forward in its mission to improve treatment for affected individuals. Shechtman, known for his groundbreaking work in materials science, expressed excitement about collaborating with NeuroNOS to create impactful therapies.
Potential Positives
- The appointment of Nobel Prize laureate Professor Dan Shechtman to the Scientific Advisory Board significantly enhances the scientific expertise at NeuroNOS, reflecting the company's commitment to high-quality research and innovation.
- The press release highlights ongoing preclinical studies that demonstrate the effectiveness of NeuroNOS's proprietary platform, reinforcing confidence in its potential to transform treatment approaches for Autism Spectrum Disorder (ASD) and Alzheimer's disease (AD).
- NeuroNOS is on track to initiate first-in-human clinical trials for ASD in the United States in 2026, marking a significant milestone in the company's mission to develop effective treatments for challenging neurological conditions.
Potential Negatives
- Despite the appointment of a Nobel Prize laureate to the Scientific Advisory Board, the company is still in the preclinical stages for its lead drug candidate, indicating that it has yet to demonstrate tangible results in clinical efficacy.
- The reliance on forward-looking statements introduces significant uncertainty regarding the timing and success of future clinical trials and regulatory approvals, which may undermine investor confidence.
- The mention of various risks associated with its drug development and regulatory process suggests that the company faces substantial challenges ahead, impacting its potential for future growth and success.
FAQ
Who has been appointed to the NeuroNOS Scientific Advisory Board?
Nobel Prize laureate Professor Dan Shechtman has been appointed to the NeuroNOS Scientific Advisory Board.
What is NeuroNOS focused on developing?
NeuroNOS focuses on developing transformative treatments for Autism Spectrum Disorder and Alzheimer’s disease.
What unique platform does NeuroNOS utilize?
NeuroNOS uses a proprietary platform that integrates multidisciplinary tools, including AI and specialized wet lab capabilities.
When will human clinical trials for ASD begin?
First-in-human clinical trials for Autism Spectrum Disorder are planned to initiate in 2026.
What scientific expertise does Professor Shechtman bring to NeuroNOS?
Professor Shechtman brings decades of expertise in materials science, structural chemistry, and innovation.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$XAIR Insider Trading Activity
$XAIR insiders have traded $XAIR stock on the open market 3 times in the past 6 months. Of those trades, 3 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $XAIR stock by insiders over the last 6 months:
- ROBERT CAREY has made 2 purchases buying 1,000,000 shares for an estimated $250,050 and 0 sales.
- MICHAEL A. GAUL (Chief Operating Officer) purchased 6,000 shares for an estimated $2,293
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$XAIR Hedge Fund Activity
We have seen 18 institutional investors add shares of $XAIR stock to their portfolio, and 23 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- ALYESKA INVESTMENT GROUP, L.P. added 7,142,199 shares (+inf%) to their portfolio in Q4 2024, for an estimated $2,560,478
- BALYASNY ASSET MANAGEMENT L.P. added 3,334,409 shares (+inf%) to their portfolio in Q4 2024, for an estimated $1,195,385
- AIGH CAPITAL MANAGEMENT LLC removed 2,611,515 shares (-72.5%) from their portfolio in Q4 2024, for an estimated $936,228
- LASRY MARC removed 2,154,365 shares (-43.6%) from their portfolio in Q4 2024, for an estimated $772,339
- SOROS FUND MANAGEMENT LLC removed 476,626 shares (-32.3%) from their portfolio in Q4 2024, for an estimated $170,870
- ADAR1 CAPITAL MANAGEMENT, LLC removed 282,131 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $101,143
- GEODE CAPITAL MANAGEMENT, LLC added 251,823 shares (+81.0%) to their portfolio in Q4 2024, for an estimated $90,278
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$XAIR Analyst Ratings
Wall Street analysts have issued reports on $XAIR in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Piper Sandler issued a "Overweight" rating on 11/12/2024
To track analyst ratings and price targets for $XAIR, check out Quiver Quantitative's $XAIR forecast page.
Full Release
BOSTON, April 15, 2025 (GLOBE NEWSWIRE) -- NeuroNOS, a biopharmaceutical company focused on developing transformative treatments for Autism Spectrum Disorder (ASD) and Alzheimer’s disease (AD)conditions, and a subsidiary of Beyond Air (NASDAQ: XAIR), is proud to announce the appointment of Nobel Prize laureate, Professor Dan Shechtman, to its Scientific Advisory Board (SAB).
“We are delighted to welcome Professor Shechtman to our Scientific Advisory Board,” said Amir Avniel, CEO of NeuroNOS . “The addition of Professor Shechtman, alongside Professor Roger Kornberg from Stanford University, brings unparalleled scientific expertise to our team. Having two Nobel Prize laureates guiding the NeuroNOS research team significantly enhances our capabilities and underscores our commitment to pioneering treatments for complex neurological disorders.”
NeuroNOS stands among a select group of biopharmaceutical companies exclusively dedicated to addressing complex brain disorders. The company’s proprietary platform uniquely integrates multidisciplinary tools - including high-end behavioral techniques, advanced AI, and specialized wet lab capabilities - to accelerate the development of treatments for challenging neurological disorders, such as ASD and AD. Recent preclinical studies have demonstrated the effectiveness of the NeuroNOS platform, reinforcing the company’s confidence in the potential of its platform to transform therapeutic approaches in neuropsychiatry and neurodegenerative diseases. Currently, the company is executing a series of key preclinical studies designed to support a planned IND application to the FDA. The company’s program remains on track to initiate first-in-human clinical trials for ASD in the United States in 2026. This will mark an exciting step forward in the company’s mission to transform treatment for individuals and families affected by these challenging conditions.
Professor Shechtman, who was awarded the 2011 Nobel Prize in Chemistry for his groundbreaking discovery of quasicrystals, brings decades of expertise in advanced materials science, structural chemistry, and innovation. Professor Shechtman is currently a Distinguished Professor at the Technion – Israel Institute of Technology and a globally recognized leader in materials science and crystallography. His discovery of quasicrystals revolutionized the field and challenged long-standing paradigms. Beyond his scientific achievements, Professor Shechtman is a passionate advocate for science education and innovation.
Professor Shechtman expressed his enthusiasm for joining the company’s SAB, “Science holds the key to addressing humanity’s greatest challenges. I am excited to collaborate with NeuroNOS and its team of world-class scientists to develop transformative therapies for Autism and Alzheimer’s disorders that impact millions worldwide.”
“As a Nobel Prize laureate and renowned scientist, Professor Shechtman's invaluable expertise will significantly elevate the scientific rigor at NeuroNOS. His guidance will play a pivotal role in advancing our efforts to develop the first effective treatment for the core symptoms of ASD,” said Prof. Haitham Amal , CSO of NeuroNOS , Associate Professor at The Hebrew University of Jerusalem, and Visiting Professor at Harvard Medical School. “This appointment comes at a pivotal time, as we advance our lead drug candidate BA-102 through preclinical and clinical development. The addition of Professor Shechtman’s expertise is expected to help accelerate the translation of cutting-edge science into impactful treatments.”
About NeuroNOS
NeuroNOS is at the forefront of developing innovative treatments for neurodevelopmental and neurodegenerative disorders. The company specializes in creating therapies based on small molecules that cross the blood-brain barrier to regulate Nitric Oxide (NO) levels in the brain. Preclinical studies conducted by NeuroNOS have demonstrated that NO is present at elevated levels in children with Autism Spectrum Disorder (ASD) and adults suffering from brain-related diseases such as Alzheimer’s and brain cancers. The company’s research has shown that managing NO levels in the brain is crucial for maintaining normal brain function. By leveraging this groundbreaking science, NeuroNOS aims to bring transformative therapies to those affected by these challenging conditions, ultimately improving individuals' lives. Through collaborations with leading research institutions and experts in the field, the company is committed to advancing medical innovation and delivering life-changing treatments.
For more information, please visit https://www.neuro-nos.com .
About Beyond Air, Inc.
Beyond Air is a commercial stage medical device and biopharmaceutical company dedicated to harnessing the power of endogenous and exogenous Nitric Oxide (NO) to improve the lives of patients suffering from respiratory illnesses, neurological disorders, and solid tumors. The Company has received FDA approval for its first system, LungFit ® PH, for the treatment of term and near-term neonates with hypoxic respiratory failure. Beyond Air is currently advancing its other revolutionary LungFit systems in clinical trials for the treatment of severe lung infections, such as viral community-acquired pneumonia (including COVID-19), and nontuberculous mycobacteria (NTM) among others. Also, the Company has partnered with The Hebrew University of Jerusalem to advance a pre-clinical program dedicated to the treatment of Autism Spectrum Disorder (ASD) and other neurological disorders. In addition, Beyond Cancer, Ltd., an affiliate of Beyond Air, is investigating ultra-high concentrations of NO with a proprietary delivery system to target certain solid tumors in the pre-clinical setting. For more information, visit www.beyondair.net .
Forward Looking Statements
This press release contains “forward-looking statements” (as defined in Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended). You can identify such forward-looking statements by the words “appears,” “expects,” “plans,” “anticipates,” “believes” “expects,” “intends,” “looks,” “projects,” “goal,” “assumes,” “targets” and similar expressions and/or the use of future tense or conditional constructions (such as “will,” “may,” “could,” “should” and the like) and by the fact that these statements do not relate strictly to historical or current matters. Rather, forward-looking statements relate to anticipated or expected events, activities, trends or results as of the date they are made. Because forward-looking statements relate to matters that have not yet occurred, these statements are inherently subject to risks and uncertainties that could cause actual results to differ materially from any future results expressed or implied by the forward-looking statements. These forward-looking statements are only predictions and reflect views as of the date they are made with respect to future events and financial performance. Many factors could cause actual activities or results to differ materially from the activities and results anticipated in forward-looking statements, including those related to the completion of the offering, risks related to the ability to raise additional capital; the timing and results of future pre-clinical studies and clinical trials; the potential that regulatory authorities, including the FDA and comparable non-U.S. regulatory authorities, may not grant or may delay approval for our product candidates; the approach to discover and develop novel drugs, which is unproven and may never lead to efficacious or marketable products; the ability to fund and the results of further pre-clinical studies and clinical trials of our product candidates; obtaining, maintaining and protecting intellectual property utilized by products; obtaining regulatory approval for products; competition from others using similar technology and others developing products for similar uses; dependence on collaborators; and other risks, which may, in part, be identified and described in the “Risk Factors” section of Beyond Air’s most recent Annual Report on Form 10-K and other of its filings with the Securities and Exchange Commission, all of which are available on Beyond Air’s website. Beyond Air undertakes no obligation to update, and have no policy of updating or revising, these forward-looking statements, except as required by applicable law.
Investor Relations contacts
Corey Davis, Ph.D.
LifeSci Advisors, LLC
[email protected]
(212) 915-2577