Progress in Phase IIb Trial for NurOwn in ALS
BrainStorm Cell Therapeutics is making substantial progress in preparations for the Phase IIb trial for NurOwn in ALS, with a written SPA agreement secured from the FDA.
Financial Position Strengthened
Cash, cash equivalents, and restricted cash increased to approximately $3.65 million as of June 30, 2024, compared to $0.75 million as of June 30, 2023.
Reduction in Net Loss
Net loss for the 3 months ended June 30, 2024, was approximately $2.5 million, compared to a net loss of approximately $5.3 million for the 3 months ended June 30, 2023.
Pursuit of Nondilutive Funding
Actively pursuing nondilutive funding, including a promising grant application with the potential to secure up to $15 million.
Alignment with FDA on CMC Aspects
Reached alignment with FDA on CMC aspects of the Phase III trial during a Type C meeting.