BrainStorm Cell Therapeutics Updates On NurOwn Stem Cell Therapy For ALS
Portfolio Pulse from Benzinga Newsdesk
BrainStorm Cell Therapeutics provided updates on its NurOwn stem cell therapy for ALS, including resolving CMC FDA questions, beginning the PIIIb rollout, raising $4M, and setting up a commercialization team. Despite a ~5% value range reduction due to dilution, the investment hypothesis remains strong with potential >10x returns. The company is also exploring non-dilutive grant funds.
July 24, 2024 | 12:33 pm
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BrainStorm Cell Therapeutics has made significant progress with its NurOwn stem cell therapy for ALS, including resolving FDA questions, starting the PIIIb rollout, raising $4M, and setting up a commercialization team. Despite a ~5% value range reduction due to dilution, the investment hypothesis remains strong with potential >10x returns.
The resolution of FDA questions and the start of the PIIIb rollout are significant milestones that could positively impact BCLI's stock price. The $4M raised and the establishment of a commercialization team further strengthen the company's position. Although there is a ~5% value range reduction due to dilution, the overall investment hypothesis remains strong with potential >10x returns.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100