Stem cell - based therapies
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BioRestorative Therapies Reports Second Quarter 2025 Financial Results and Provides Business Update
Globenewswire· 2025-08-12 20:05
Core Viewpoint - BioRestorative Therapies, Inc. reported strong execution in its business and key clinical milestones in 2025, with a focus on growth strategy and resource management [2] Corporate Developments - The company is in discussions with a commercial stage regenerative medicine company regarding a potential license for its ThermoStem metabolic intellectual property [4] - BioRestorative's Board of Directors authorized a stock repurchase program for up to $2 million of its common stock through June 16, 2026 [6] - Sandy Lipkins joined the company to lead strategic alliances and licensing agreements [6] Clinical Programs - The ongoing Phase 2 clinical trial of BRTX-100 for chronic lumbar disc disease (cLDD) showed promising preliminary data, with over 50% improvement in both the Oswestry Disability Index (ODI) and Visual Analog Scale (VAS) [6] - The FDA requires a greater than 30% improvement in ODI and a greater than 30% reduction in VAS for trial progression and Biologics License Application (BLA) approval [6] Financial Results - For Q2 2025, the company reported revenues of approximately $303,000, a 240% increase compared to Q2 2024 [7] - The net loss for Q2 2025 was $2.7 million, or $0.30 per share, compared to a net loss of $4.0 million, or $0.50 per share, in Q2 2024 [8] - The company ended Q2 2025 with $7.4 million in cash and no outstanding debt [8]
Phase 2 Trial of BRTX-100 in cLDD Continues to Generate Positive Preliminary Blinded Data
Globenewswire· 2025-05-13 13:15
Core Insights - BioRestorative Therapies, Inc. has presented preliminary data from its Phase 2 clinical trial of BRTX-100 for chronic lumbar disc disease, showing promising safety and efficacy results [1][3] Group 1: Clinical Trial Data - The ongoing Phase 2 trial of BRTX-100 has shown no serious adverse events and no dose-limiting toxicity at 26-104 weeks [2] - The trial data indicates trends of over 30% improvement in both the Oswestry Disability Index (ODI) and Visual Analog Scale (VAS), with significant improvements observed at various weeks [3] - The percentage of subjects showing greater than 50% improvement in both ODI and VAS is as follows: - Week 2: 0.0% - Week 12: 13.33% - Week 26: 46.15% - Week 52: 70.0% - Week 104: 66.66% [3] Group 2: Product and Company Overview - BRTX-100 is a novel cell-based therapeutic designed to treat areas with low blood flow, specifically targeting chronic lumbar disc disease [5] - The company is conducting a randomized, double-blinded, and controlled study with up to 99 eligible subjects across 16 clinical sites in the U.S. [5] - BioRestorative develops therapeutic products using adult stem cells, focusing on disc/spine disease and metabolic disorders, along with a commercial BioCosmeceutical platform [6][7][8]
BioRestorative to Present a BRTX-100 Clinical Update at ISCT 2025
Globenewswire· 2025-05-07 13:15
Core Insights - BioRestorative Therapies, Inc. is advancing its Phase 2 clinical trial of BRTX-100 for chronic lumbar disc disease, with an update to be presented at the ISCT 2025 Annual Meeting [1][2] Company Overview - BioRestorative is focused on regenerative medicine, particularly stem cell-based therapies and products [1][5] - The company has two main clinical development programs: the Disc/Spine Program and the Metabolic Program [5][6] BRTX-100 Details - BRTX-100 is a cell-based therapeutic targeting areas with low blood flow, currently in a Phase 2 clinical trial for chronic lumbar disc disease [4] - The FDA has granted Fast Track designation to BRTX-100, indicating positive preliminary safety and efficacy data [4] - The FDA also cleared the IND application for BRTX-100 to treat chronic cervical discogenic pain, expanding its clinical pipeline [4] Presentation Information - The clinical update on BRTX-100 will be presented by Francisco Silva at the ISCT 2025 Annual Meeting on May 8, 2025 [3] Additional Programs - The Metabolic Program focuses on therapies targeting obesity and metabolic disorders using brown adipose-derived stem cells [6] - BioRestorative also operates a BioCosmeceutical platform, developing products aimed at cosmetic applications [7]