Welcome to our dedicated page for BioRestorative Therapies news (Ticker: BRTX), a resource for investors and traders seeking the latest updates and insights on BioRestorative Therapies stock.
BioRestorative Therapies, Inc. (NASDAQ: BRTX) is a cutting-edge biotechnology company based in the United States, dedicated to developing regenerative medicine products and therapies using cell and tissue protocols, particularly involving adult stem cells. The company’s core focuses are its Disc/Spine Program and Metabolic Program.
In the Disc/Spine Program, their lead cell therapy candidate, BRTX-100, is formulated from autologous cultured mesenchymal stem cells collected from the patient's bone marrow. This innovative treatment is designed for the non-surgical management of protruding and bulging lumbar discs in patients suffering from chronic lumbar disc disease. BRTX-100 undergoes a meticulous production process, starting from the collection of a patient’s bone marrow, followed by the isolation and culturing of stem cells, and finally cryopreserving these cells. The therapy involves injecting BRTX-100 into the patient's damaged disc, offering hope for patients whose pain has not been alleviated by other non-invasive treatments.
The Metabolic Program focuses on developing cell-based therapies to combat obesity and metabolic disorders using brown adipose-derived stem cells. This innovative approach aims to generate brown adipose tissue to help address these widespread health issues.
BioRestorative Therapies is also venturing into the rapidly growing bio-cosmeceutical market. The company recently signed a five-year exclusive supply agreement with Cartessa Aesthetics, LLC, a prominent North American aesthetics company. This partnership aims to introduce proprietary cell-based innovations to the aesthetics market, leveraging both BioRestorative’s expertise in cell-based biologics and Cartessa’s strong market presence.
Financially, BioRestorative is strong, ending 2023 with around $11.1 million in cash and cash equivalents, and an additional $7.6 million from a recent private placement. This solid financial standing, combined with expected revenues from its new commercial products, allows the company to pursue further advancements in their clinical and preclinical pipelines, including their BRTX-100 and ThermoStem® programs.
For more information, visit BioRestorative Therapies or contact Investor Relations at ir@biorestorative.com.
BioRestorative Therapies (OTC: BRTX) announced a significant milestone on September 23, 2021, as the Israeli Patent Office granted a Notice of Allowance for its ThermoStem program patent application. This patent will safeguard the use of implantable scaffolds that incorporate human brown adipose tissue stem cells, potentially treating various degenerative and metabolic disorders. CEO Lance Alstodt expressed satisfaction with the broader protection provided by this allowance compared to existing US patents, highlighting the technology's therapeutic relevance.
BioRestorative Therapies (OTC: BRTX) announced the issuance of a significant patent by the Australian Patent Office for its ThermoStem® Program. The patent covers an implantable scaffold using brown adipose-derived stem cells and methods of use to treat metabolic disorders. Initial preclinical research suggests that increased levels of brown fat can enhance caloric burning and reduce glucose and lipid levels, potentially lowering obesity and diabetes risks. The CEO emphasized the patent's importance for delivery methods in ongoing program development.
BioRestorative Therapies (OTC: BRTX) announced the issuance of a significant patent by the Japanese Patent Office for its ThermoStem® Program, which focuses on methodologies for deriving brown adipocytes from human brown adipose-derived stem cells. The patent underscores the potential of brown fat in improving metabolic processes, including calorie burning and glucose regulation. CEO Lance Alstodt highlighted the growing value of their intellectual property. The company is utilizing stem cell protocols for various therapies, including treatments for disc/spine diseases and obesity.
BioRestorative Therapies (OTC: BRTX) announces its annual stockholders meeting on August 17, 2021, at 10 a.m. EDT. Key proposals for vote include the reincorporation from Delaware to Nevada and a reverse stock split. Majority approval is required for these changes. Stockholders of record as of June 24, 2021, are encouraged to vote online or attend in person. The company focuses on developing stem cell-based therapies, with lead product BRTX-100 targeting chronic lower back pain.
BioRestorative Therapies (OTC: BRTX) announced the filing of a registration statement on Form S-1 with the SEC for a proposed underwritten public offering of its securities. The offering's completion depends on the registration's effectiveness and market conditions. If successful, the net proceeds will fund clinical trials for BRTX-100, research and development for the metabolic ThermoStem Program, and general corporate expenses.
BioRestorative Therapies invites investors to attend its presentation at the Emerging Growth Conference on June 9, 2021, at 10:45 AM Eastern Time. The event allows interaction with CEO Lance Alstodt and VP of R&D Francisco Silva. Attendees can ask questions, and a recording will be available post-event. BioRestorative focuses on stem cell therapies, with its leading product BRTX-100 targeting chronic lower back pain. The conference serves as a platform for public companies to present innovative solutions to investors.
BioRestorative Therapies, Inc. (OTC: BRTX) announced the expansion of its Melville, NY research labs for clinical production of cell therapies.
The new cGMP facility will support the Phase 2 clinical trial for BRTX-100 and the ThermoStem® program, enhancing internal manufacturing capabilities.
As part of this initiative, the company plans to hire more employees, aligning operations with FDA and EMA regulations for clinical-grade cell production.
BioRestorative Therapies, Inc. (OTC: BRTX) announced the filing of its Annual Report on Form 10-K for 2020, achieving compliance with SEC requirements. This filing removed the 'stop sign' from its OTC profile, indicating current public information availability. CEO Lance Alstodt expressed optimism regarding the company's positioning for funding opportunities for its phase 2 clinical trial and advances in its metabolics program. The company emphasizes a focus on clinical programs to drive future value for shareholders.
BioRestorative Therapies (OTC: BRTX) announced the appointment of Dr. Nickolay V. Kukekov to its Board of Directors, effective March 18, 2021. Dr. Kukekov brings extensive experience in the Emerging Growth Lifesciences sector and capital markets, focusing on biotech company growth. His appointment is seen as pivotal for pursuing strategic objectives, including capital raising for the Phase 2 clinical study of BRTX-100, targeting chronic lower back pain. BioRestorative aims to strengthen its market position in stem cell therapies.
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