BrainStorm Granted Patents for Allogeneic Exosome Platform-Product in Neurological Disorder Treatments

Rhea-AI Summary

Brainstorm Cell Therapeutics Inc. (NASDAQ: BCLI) has announced the grant and allowance of three patent applications for NurOwn® and NurOwn-Exosomes. The European Patent office granted a patent for a method of qualifying whether a cell population is suitable for treating ALS, as well as claims for an isolated population of mesenchymal stem cells for use in treating ALS. The Australian patent Office granted a patent for an isolated Exosomes population derived from MSC-NTF cells and a pharmaceutical composition for the treatment of neurodegenerative diseases. The Israel Patent Office also announced the allowance of the same claims for application No. 277447 with an Acceptance date on December 01, 2023. Brainstorm's CEO, Chaim Lebovits, emphasized the importance of fortifying their technological advancements with robust intellectual property strategies and highlighted the significance of securing these patents for the future of their proprietary NurOwn technology, particularly for ALS treatment.

Insights

Biotechnology Patent Specialist

Patent grants and allowances are key events for biotechnology companies, as they provide legal protection for novel technologies and can significantly impact a company's competitive position and market value. In the case of Brainstorm Cell Therapeutics, the acquisition of patents for their NurOwn technology, particularly for the treatment of ALS (Amyotrophic Lateral Sclerosis), is a strategic move that may safeguard their intellectual property and potentially block competitors from entering the market with similar therapies.

From a biotech patent standpoint, the granted patents in multiple jurisdictions, including the European and Australian patent offices, indicate a successful international IP strategy. This can lead to increased investor confidence as it suggests the company's ability to navigate complex regulatory environments and secure their market exclusivity internationally. The patents concerning both cell population and cell-derived exosomes are indicative of a broader therapeutic platform that may extend beyond ALS to other neurodegenerative diseases, potentially opening up additional market opportunities.

The protection of these technologies is crucial for Brainstorm Cell Therapeutics as it may enable them to establish partnerships and licensing deals, which can be lucrative revenue streams. Furthermore, patents can also be a defensive asset against litigation, reducing the risk profile of the company for investors.

Financial Analyst

The announcement of granted patents can have a positive effect on a company's stock price as it reflects progress in product development and a stronger competitive position. For Brainstorm Cell Therapeutics, securing patents for their MSC-NTF cell and exosome technologies not only enhances their intellectual property portfolio but also potentially increases the company's valuation due to the extended commercial protection of their assets.

Investors will likely view this news as a positive development, considering that ALS is a disease with limited treatment options and a high unmet medical need. The ability to secure patents reinforces the company's potential for revenue generation from its proprietary technologies. However, it is important to note that patent grants are just one aspect of a company's success; the ability to successfully commercialize the technology and navigate the subsequent phases of clinical trials, regulatory approval and market adoption are also critical factors that will ultimately determine financial outcomes.

Long-term implications include the potential for Brainstorm to become a more attractive target for acquisition by larger pharmaceutical companies seeking to expand their neurodegenerative disease portfolio. Additionally, the granted patents may facilitate future capital raises by improving the company's negotiation position.

Industry Analyst

The neurodegenerative disease market is a rapidly evolving field with significant investment in research and development. Brainstorm's update on their patent portfolio positions them favorably within this competitive landscape. The patents for NurOwn and NurOwn-Exosomes could potentially give Brainstorm a unique edge in the treatment of neurodegenerative diseases, a sector projected to grow due to increasing prevalence and the aging population.

Understanding the significance of these patents requires knowledge of mesenchymal stem cells (MSCs) and their neurotrophic factor-secreting (NTF) capabilities. MSC-NTF cells are engineered to produce higher amounts of neurotrophic factors, which are critical for the survival, development and function of neurons. Exosomes, on the other hand, are small vesicles that can deliver these therapeutic factors to target cells. The patents for these technologies suggest that Brainstorm has developed a way to potentially enhance the treatment efficacy for ALS and possibly other neurodegenerative diseases, which could be transformative for patients.

For stakeholders, the broad geographic coverage of patents is a positive indicator of Brainstorm's commitment to global market access and could lead to strategic alliances with international partners. This may result in increased research collaboration, distribution agreements and expansion into new markets, which are essential for growth in the biotech sector.

NEW YORK, Dec. 26, 2023 /PRNewswire/ -- Brainstorm Cell Therapeutics Inc. (NASDAQ: BCLI), a leading developer of adult stem cell therapeutics for neurodegenerative diseases, today provided an update on the grant and allowance of three patent applications for NurOwn® and NurOwn-Exosomes.

The European Patent office granted patent No. 3105587 titled 'Method of Qualifying of Cells' for a method of qualifying whether a cell population is a suitable therapeutic for treating ALS. The patent also grants claims for an isolated population of mesenchymal stem cells for use in treating ALS.

 

The Australian patent Office granted patent No. 2019252987 titled 'Cell-Type Specific Exosomes and Use Thereof' for an isolated Exosomes population derived from MSC-NTF cells as well as a pharmaceutical composition for the treatment of neurodegenerative diseases.

The Israel Patent Office announced the allowance of the same claims for application No. 277447 with an Acceptance date on December 01, 2023.

"We are committed to fortifying our technological advancements with robust intellectual property strategies," stated BrainStorm's CEO, Chaim Lebovits. "The recent acquisition of the European patent for our unique MSC-NTF cell population marks an important step in safeguarding our proprietary NurOwn technology, particularly for ALS treatment. The Australian patent, which is our inaugural grant for the specialized MSC-NTF cell exosomes, represents a pivotal achievement in the evolution of our exosome technology, meticulously crafted by the Brainstorm research team. Securing this European patent, alongside our existing patents in the US, Canada, Israel, Brazil, and Japan, enhances our capability to forge new global commercial partnerships, further expanding the reach of NurOwn."

About NurOwn®
The NurOwn® technology platform (autologous MSC-NTF cells) represents a promising investigational therapeutic approach to targeting disease pathways important in neurodegenerative disorders. MSC-NTF cells are harvested from each person with ALS and are manufactured using an innovative and proprietary process to secrete neurotrophic factors to target specific neurodegenerative diseases. The lead program for NurOwn is for the treatment of ALS. BrainStorm's long-term commitment to ALS is demonstrated in preclinical research and a series of clinical studies, all of which have been published in peer-reviewed journals. The NurOwn clinical program has generated valuable insights into the pathology of ALS, as well as disease progression and treatment. Since the initial Phase 3 readout, BrainStorm has shared the full dataset through rigorous peer-reviewed analysis, including: quantification of Floor Effect, which had been noted, but never before explored in depth; evaluation of multiple pre-specified biomarkers, collected at seven different points across 20 weeks during the trial, allowing a longitudinal view; and analysis of genetic data, which represents one of the first ALS trials to prospectively invoke pharmacogenomic analysis of clinical outcome, offering great promise for the development of future treatments for ALS.

About BrainStorm Cell Therapeutics Inc.    
BrainStorm Cell Therapeutics Inc. is a leading developer of innovative autologous adult stem cell therapeutics for debilitating neurodegenerative diseases. BrainStorm holds the rights to clinical development and commercialization of the NurOwn® technology platform used to produce autologous MSC-NTF cells through an exclusive, worldwide licensing agreement. Autologous MSC-NTF cells have received Orphan Drug designation status from the U.S. Food and Drug Administration (FDA) and the European Medicines Agency (EMA) for the treatment of amyotrophic lateral sclerosis (ALS). BrainStorm has completed a Phase 3 trial in ALS (NCT03280056); this trial investigated the safety and efficacy of repeat-administration of autologous MSC-NTF cells and was supported by a grant from the California Institute for Regenerative Medicine (CIRM CLIN2-0989), and another grant from the ALS Association and I AM ALS. BrainStorm completed under an investigational new drug application a Phase 2 open-label multicenter trial (NCT03799718) of autologous MSC-NTF cells in progressive MS and was supported by a grant from the National MS Society (NMSS).

Notice Regarding Forward-Looking Statements
This press release contains "forward-looking statements" that are subject to substantial risks and uncertainties, including statements regarding meetings with the U.S. Food and Drug Administration (FDA), Special Protocol Assessment (SPA), ADCOM meeting related to NurOwn, the timing of a PDUFA action date for the BLA for NurOwn, the clinical development of NurOwn as a therapy for the treatment of ALS, the future availability of NurOwn to patients, and the future success of BrainStorm. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as "anticipate," "believe," "contemplate," "could," "estimate," "expect," "intend," "seek," "may," "might," "plan," "potential," "predict," "project," "target," "aim," "should," "will" "would," or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on BrainStorm's current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. These potential risks and uncertainties include, without limitation, management's ability to successfully achieve its goals, BrainStorm's ability to raise additional capital, BrainStorm's ability to continue as a going concern, prospects for future regulatory approval of NurOwn, whether BrainStorm's future interactions with the FDA will have productive outcomes, and other factors detailed in BrainStorm's annual report on Form 10-K and quarterly reports on Form 10-Q available at http://www.sec.gov. These factors should be considered carefully, and readers should not place undue reliance on BrainStorm's forward-looking statements. The forward-looking statements contained in this press release are based on the beliefs, expectations, and opinions of management as of the date of this press release. We do not assume any obligation to update forward-looking statements to reflect actual results or assumptions if circumstances or management's beliefs, expectations or opinions should change, unless otherwise required by law. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, or achievements.

CONTACTS:
John Mullaly
LifeSci Advisors, LLC
Phone: +1 617-429-3548
jmullaly@lifesciadvisors.com

Logo - https://mma.prnewswire.com/media/1166536/BrainStorm_Logo.jpg

View original content:https://www.prnewswire.com/news-releases/brainstorm-granted-patents-for-allogeneic-exosome-platform-product-in-neurological-disorder-treatments-302022322.html

SOURCE BrainStorm Cell Therapeutics Inc.

FAQ

What patents were granted to Brainstorm Cell Therapeutics Inc. (NASDAQ: BCLI)?

The European Patent office granted a patent for a method of qualifying whether a cell population is suitable for treating ALS, as well as claims for an isolated population of mesenchymal stem cells for use in treating ALS. The Australian patent Office granted a patent for an isolated Exosomes population derived from MSC-NTF cells and a pharmaceutical composition for the treatment of neurodegenerative diseases. The Israel Patent Office also announced the allowance of the same claims for application No. 277447 with an Acceptance date on December 01, 2023.

What is the significance of these patents for Brainstorm Cell Therapeutics Inc. (NASDAQ: BCLI)?

The CEO, Chaim Lebovits, emphasized the importance of fortifying their technological advancements with robust intellectual property strategies and highlighted the significance of securing these patents for the future of their proprietary NurOwn technology, particularly for ALS treatment.

What is the focus of Brainstorm Cell Therapeutics Inc. (NASDAQ: BCLI)'s technology?

Brainstorm Cell Therapeutics Inc. (NASDAQ: BCLI) focuses on adult stem cell therapeutics for neurodegenerative diseases, particularly for ALS treatment.