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Article: BrainStorm Cell Therapeutics Secures Funding to Reach Clinical Trials for ALS.
- Article from:
- Business Wire
- Article date:
- August 24, 2009
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NEW YORK & PETACH TIKVAH, Israel -- BrainStorm Cell Therapeutics Inc. (OTCBB: BCLI), a leading developer of adult stem cell technologies and therapeutics, announced today that the company has secured the funding required to complete pre-clinical trials underway for the treatment of ALS (Amyotrophic Lateral Sclerosis, also known as Lou Gehrig's disease). The company expects to begin Phase I clinical studies in 2010.
The new funding includes both a prestigious grant from the Israeli government's Office of the Chief Scientist (OCS) as well as private investment.
"We are very gratified to receive these financial votes of confidence in our breakthrough stem ...