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NewcelX CEO Issues Letter to Shareholders
Prnewswire· 2025-11-04 12:00
Core Viewpoint - NewcelX Ltd. is at a critical juncture, with significant scientific advancements and opportunities expected to redefine patient outcomes and shareholder value in the next 12 months [1][3]. Group 1: Company Overview - NewcelX is a Swiss clinical-stage biopharmaceutical company focused on developing cell-based and small-molecule therapies for neurodegenerative and metabolic diseases [1]. - The company integrates regenerative medicine and neuroscience expertise within a unified platform, aiming to deliver transformative therapies [2]. Group 2: Strategic Focus and Pipeline - NewcelX's mission is to provide disease-modifying therapies for severe neurodegenerative and metabolic diseases, guiding all decision-making processes [4]. - The company has multiple clinical and preclinical assets, with a strong foundation supported by validated technologies and collaborations [3]. - Key programs include: - **AstroRx® for ALS**: Preparing for a Phase 2a study in the U.S. after promising Phase 1/2 results in Israel [5]. - **IsletRx – iTOL-102 for Diabetes**: Advancing towards preclinical safety testing and a U.S. Phase 1 trial [5]. - **DOXA Neuroscience and Metabolic Platform**: Targeting the orexin pathway, with potential applications across CNS and metabolic disorders [5]. Group 3: Financial Position and Outlook - Following the merger between NLS Pharmaceutics and Kadimastem, NewcelX raised approximately $9 million in equity financing, enhancing its cash position [8]. - The company's projected shareholders' equity as of June 30, 2025, is approximately $20 million, reinforcing its financial stability as it approaches key development milestones [9]. - NewcelX is well-capitalized to support operations for the next 12 months, with an existing $25 million Equity Line of Credit [8]. Group 4: Upcoming Milestones - The company plans to launch a U.S. Phase 2a clinical study in ALS and initiate a U.S. Phase 1 clinical study in IsletRx [11]. - Expansion of the AstroRx® platform into additional indications such as Multiple Sclerosis is also on the agenda [11]. - Progressing the DOXA platform toward lead-candidate selection is a priority [11].