Biorestorative Therapies Inc Stock Price, News & Analysis

BioRestorative Therapies (NASDAQ:BRTX) announces upcoming presentation of new preliminary data from its Phase 2 clinical trial of BRTX-100 at the ORS PSRS 7th International Spine Research Symposium. The presentation will include 26-52 week blinded safety and efficacy data from a larger patient group than previously reported in their chronic lumbar disc disease (cLDD) study. The Phase 2 trial is a randomized, double-blinded study enrolling up to 99 subjects across 16 U.S. clinical sites. The company will also release Q3 2024 financial results and host a conference call on November 13, 2024.

BioRestorative Therapies (BRTX) has received a provisional license from the New York State Department of Health for processing allogeneic donor tissue material. This expanded license allows for the isolation, expansion, and cryopreservation of various cell types, including stem cells, for medical research. Previously, BRTX was only licensed for processing mesenchymal stem cells from autologous donors. The new license enables the company to process, bank, and distribute clinical grade allogeneic biologics using its cGMP manufacturing capabilities. NYSDOH licensure requires compliance with regulations ensuring safe and ethical tissue handling through comprehensive facility inspections.

BioRestorative Therapies has received a Notice of Allowance from the Israel Patent Office for its ThermoStem® technology platform. This marks the 14th international patent outside the U.S. for this technology. The patent covers brown adipose derived stem cell (BADSC) aggregates, encapsulation systems, and treatment methods. The company believes ThermoStem®-based BADSCs could offer better efficacy and tolerability compared to GLP-1 drugs. In May 2024, BioRestorative announced development of an exosome-based biologic program targeting obesity and plans to file a Drug Master File with the FDA. The company is also in discussions with an undisclosed regenerative medicine company regarding potential licensing of ThermoStem® intellectual property.

BioRestorative Therapies (NASDAQ: BRTX), a regenerative medicine company specializing in stem cell-based therapies, has announced its participation in two upcoming investor events in October 2024:

1. UBS Virtual Organ Restoration and Cell Therapy Day: CEO Lance Alstodt will engage in a fireside chat with UBS analyst Ash Verma on October 15, 2024, at 1:00 p.m. ET.

2. 2024 Maxim Healthcare Virtual Summit: Alstodt will participate in another fireside chat with Jason McCarthy, Ph.D., Maxim Group's Head of Biotechnology Research, on October 17, 2024, at 11:00 a.m. ET.

These events provide opportunities for BRTX to showcase its innovative stem cell-based therapies and products to potential investors and industry experts.

BioRestorative Therapies (NASDAQ:BRTX), a regenerative medicine company specializing in stem cell-based therapies, has announced its participation in the 3rd Annual ROTH Healthcare Opportunities Conference. The event is scheduled for October 9, 2024 in New York City.

CEO Lance Alstodt will represent the company at the conference, which will primarily consist of one-on-one investor meetings. Investors attending the conference who wish to meet with BioRestorative are advised to contact their ROTH MKM sales representative to arrange a meeting.

This participation provides an opportunity for BioRestorative to engage directly with investors and showcase its innovative work in stem cell-based therapies and products.

BioRestorative Therapies (NASDAQ:BRTX) announced that its Chief Scientist, Francisco Silva, will present at the 21st Annual IFATS Conference. The presentation will focus on the ThermoStem® platform's potential to deliver superior efficacy and tolerability compared to GLP-1 drugs for obesity treatment. Preclinical data showed significant reductions in weight, triglycerides, and blood glucose levels using BioRestorative's brown adipose-derived stem cells and 3D scaffold technology. The company believes its cell-based therapy may allow for lower dosing and avoid the lean muscle mass loss associated with GLP-1 drugs. BioRestorative is also developing a novel exosome-based biologic program targeting obesity and has begun discussions with a regenerative medicine company regarding potential licensing of its ThermoStem® intellectual property.

BioRestorative Therapies (NASDAQ:BRTX) reported its Q2 2024 financial results and provided a business update. Key highlights include:

1. Improved financial performance: Loss from operations decreased 19% YoY to $2.5 million, while net loss improved 28% YoY to $4.0 million ($0.50 per share).

2. Strong cash position: $14.7 million in cash, cash equivalents, and marketable securities as of June 30, 2024, with no outstanding debt.

3. Progress in clinical programs: FDA clearance for protocol amendment in BRTX-100 Phase 2 study; development of novel exosome-based biologic program for obesity.

4. Commercial developments: Exclusive 5-year agreement with Cartessa Aesthetics for BioCosmeceuticals product supply, generating initial revenue in Q2 2024.

5. Intellectual property expansion: Notice of allowance for Japanese patent related to ThermoStem® platform.

BioRestorative Therapies (NASDAQ:BRTX), a clinical stage company focused on stem cell-based therapies, has announced it will release its second quarter 2024 financial results after market close on Tuesday, August 13, 2024. Following the announcement, the company's management will host a conference call to review the financial results and provide a business update.

The conference call details are as follows:

• Date: Tuesday, August 13, 2024
• Time: 4:30 p.m. ET
• Domestic: 1-877-545-0523
• International: 1-973-528-0016
• Access Code: 151026

BioRestorative Therapies (NASDAQ:BRTX) announced that its Chief Scientist and VP of R&D, Francisco Silva, has been appointed Section Editor of the new Regenerative Medicine section in the Journal of Translational Medicine. This prestigious journal ranks among the top 3% worldwide with a 2021 impact factor of 8.440. Silva, who leads BRTX's cell-based therapeutics development, is currently the principal investigator for a Phase 2 study of BRTX-100 in treating chronic lumbar disc disease. He also pioneered the development of an artificial 3D brown adipose transplant using human brown adipose stem cells for the company's ThermoStem® program. Silva's appointment highlights BRTX's growing prominence in regenerative medicine research and development.