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, Inc. (BRTX), a clinical-stage company focused on stem cell therapies, has completed enrollment for the safety run-in of its Phase 2 clinical study of BRTX-100. This innovative treatment aims to address chronic lumbar disc disease (cLDD) by targeting areas with low blood flow. The study is randomized and double-blinded, involving up to 99 patients at 15 U.S. clinical sites. CEO Lance Alstodt highlighted the milestone, stating that positive safety results would enable broader enrollment and further development of BRTX-100 across other medical applications. The company aims to leverage this platform for expedited regulatory pathways. Initial clinical data is expected to be released in the second half of 2023.
BioRestorative Therapies (BRTX) has engaged Bruder Consulting & Venture Group to help expand the clinical indication pipeline for BRTX-100, its lead candidate targeting chronic lumbar disc disease (cLDD). Currently in a Phase 2 trial, BRTX-100 is a novel cell-based therapy aimed at areas with limited blood flow. The randomized, double-blinded trial involves 99 patients across 15 sites in the U.S. with a focus on safety and efficacy. BCVG's expertise in regulatory processes will support BioRestorative in obtaining FDA approval for new clinical applications of BRTX-100.
BioRestorative Therapies, Inc. (BRTX) announced its participation in the Roth 35th Annual Conference from March 12-14, 2023, at The Ritz Carlton, Laguna Niguel in Dana Point, California. CEO Lance Alstodt will be available for one-on-one meetings and provide updates on the company's pipeline, including the ongoing Phase 2 clinical trial for BRTX-100, targeting chronic lumbar disc disease. BioRestorative focuses on cell-based therapies, emphasizing its lead product for disc disorders and a metabolic program aimed at obesity. More information about the conference can be found on their official website.
BioRestorative Therapies (BRTX) announced a notice of allowance for a patent on its ThermoStem® program, which targets obesity and metabolic disorders, including type 2 diabetes. Issued on February 24, 2023, this marks the third patent in the ThermoStem family. The new patent covers implantable three-dimensional scaffolds and brown adipocytes derived from human stem cells. CEO Lance Alstodt stated this advancement strengthens the company's technology and opens doors for collaborations. BioRestorative also develops a disc/spine therapy using autologous stem cells.
BioRestorative Therapies (BRTX) announced a significant milestone with the European Patent Office issuing a notice of allowance for a patent related to its ThermoStem® program on February 6, 2023. This patent, which covers implantable three-dimensional scaffolds derived from human brown adipose stem cells, aims to treat obesity and metabolic disorders like type 2 diabetes. The technology combines scaffolds for cell delivery with brown adipose-derived stem cells, potentially benefiting multi-billion dollar markets.
CEO Lance Alstodt emphasized the importance of this patent in enhancing development capabilities in Europe, furthering their commitment to addressing metabolic disorders.
BioRestorative Therapies (BRTX) has received a Phase I SBIR grant from the NIH to advance its ThermoStem program aimed at treating Polycystic Ovary Syndrome (PCOS). This grant supports a partnership with Dr. Sheng Wu from Temple University, focusing on developing therapeutic brown adipocyte transplantation for PCOS patients, a condition affecting 6-18% of reproductive-age women. PCOS carries high annual healthcare costs of $4.36 billion in the US, highlighting the need for effective treatments.
BioRestorative Therapies, Inc. (NASDAQ: BRTX) announced an exclusive licensing agreement with Regenexx, LLC for technology addressing chronic lumbar disc disease. This intellectual property will enhance BRTX's lead program, BRTX-100, currently in Phase 2 trials across about 15 sites in the U.S. The CEO, Lance Alstodt, emphasized the importance of this milestone for creating non-invasive treatments aimed at the $40 billion spent annually on surgical procedures. The technology utilizes hypoxia to improve cell-based therapies' efficacy and safety.
MELVILLE, N.Y., Nov. 29, 2022 - BioRestorative Therapies, Inc. (BRTX) announces CEO Lance Alstodt's participation in the RHK Capital Disruptive Growth Conference in New York City on December 5-6, 2022. This event will gather executives from 30 disruptive companies and institutional investors, market analysts, and financial advisors. BioRestorative focuses on therapeutic products utilizing adult stem cells for treating spinal and metabolic disorders, featured in their core programs brtxDISC™ and ThermoStem®.
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