BrainStorm Cell Therapeutics Inc (BCLI)

[midastouch017]

Brainstorm Cell Therapeutics Announces Grant of a New Brazilian Patent Covering Methods of Manufacturing NurOwn®

https://finance.yahoo.com/news/brainstorm-cell-therapeutics-announces-grant-123000194.html

NEW YORK, Feb. 15, 2022 /PRNewswire/ -- Brainstorm Cell Therapeutics Inc. (NASDAQ: BCLI), a leading developer of adult stem cell therapeutics for neurodegenerative diseases, today announced that the Brazilian Patent Office has granted the patent application titled: "A method of generating cells which secrete Brain Derived Neurotrophic Factor (BDNF), Glial Derived Neurotrophic Factor (GDNF), Hepatocyte Growth Factor (HGF) And Vascular Endothelial Growth Factor (VEGF), wherein said cells do not Secrete Nerve Growth Factor (NGF)." The granted claims cover a method of manufacturing MSC-NTF cells (NurOwn®).

"We are committed to the development of NurOwn as a potential treatment for ALS and other neurodegenerative diseases. This patent, which covers the industrial manufacturing process for NurOwn® developed by Brainstorm's scientists, enhances our ability to do so worldwide," said Chaim Lebovits, Chief Executive Officer, Brainstorm Cell Therapeutics. "A strong IP portfolio is important in establishing commercial preparedness as we work urgently toward a regulatory pathway. Adding a Brazilian patent to our existing portfolio of US, Canadian, EU, Israel and Japanese patents should position us well to enter into new commercial partnerships for NurOwn® in South America and worldwide."