PR Newswire
HACKENSACK, N.J. and PETACH TIKVAH, Israel, Nov. 15, 2016
HACKENSACK, N.J. and PETACH TIKVAH, Israel, Nov. 15, 2016 /PRNewswire/ -- BrainStorm Cell Therapeutics Inc. (Nasdaq: BCLI), a leading developer of adult stem cell technologies for neurodegenerative diseases, today announced financial results and provided a business update for the third quarter ended September 30, 2016.
The CEO and senior management will host a corporate update call with shareholders in December (exact date and details will be published in a separate announcement).
Third Quarter 2016 and Recent Highlights
Financial Results for the Third Quarter Ended September 30, 2016
Financial Results for the Nine Months Ended September 30, 2016
About BrainStorm Cell Therapeutics Inc.
BrainStorm Cell Therapeutics Inc. is a biotechnology company engaged in the development of first-of-its-kind adult stem cell therapies derived from autologous bone marrow cells for the treatment of neurodegenerative diseases. The Company holds the rights to develop and commercialize its NurOwn® technology through an exclusive, worldwide licensing agreement with Ramot, the technology transfer company of Tel Aviv University. NurOwn® has been administered to approximately 75 patients with ALS in clinical trials conducted in the United States and Israel. In a randomized, double-blind, placebo-controlled clinical trial conducted in the U. S., a clinically meaningful benefit was demonstrated by higher response to NurOwn® compared with placebo. For more information, visit the company's website at www.brainstorm-cell.com.
Safe Harbor Statement
Statements in this announcement other than historical data and information constitute "forward-looking statements" and involve risks and uncertainties that could cause BrainStorm Cell Therapeutics Inc.'s actual results to differ materially from those stated or implied by such forward-looking statements. Terms and phrases such as "may", "should", "would", "could", "will", "expect", "likely", "believe", "plan", "estimate", "predict", "potential", and similar terms and phrases are intended to identify these forward-looking statements. The potential risks and uncertainties include, without limitation, risks associated with BrainStorm's limited operating history, history of losses; minimal working capital, dependence on its license to Ramot's technology; ability to adequately protect the technology; dependence on key executives and on its scientific consultants; ability to obtain required regulatory approvals; and other factors detailed in BrainStorm's annual report on Form 10-K and quarterly reports on Form 10-Q available at http://www.sec.gov. These factors should be considered carefully, and readers should not place undue reliance on BrainStorm's forward-looking statements. The forward-looking statements contained in this press release are based on the beliefs, expectations and opinions of management as of the date of this press release. We do not assume any obligation to update forward-looking statements to reflect actual results or assumptions if circumstances or management's beliefs, expectations or opinions should change, unless otherwise required by law. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements.
CONTACTS
Company:
Uri Yablonka
Chief Operating Officer
Brainstorm Cell Therapeutics Inc.
Phone: 646-666-3188
uri@brainstorm-cell.com
Investors:
Michael Rice
LifeSci Advisors, LLC
Phone: 646-597-6979
mrice@lifesciadvisors.com
BRAINSTORM CELL THERAPEUTICS INC. AND SUBSIDIARIES | | |||||||
| | |||||||
INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS | | |||||||
U.S. dollars in thousands | | |||||||
(Except share data) | | |||||||
| | |||||||
| | September 30, | | | December 31, | | ||
| | 2016 | | | 2015 | | ||
| | U.S. $ in thousands | | |||||
| | Unaudited | | | Audited | | ||
ASSETS | | | | | | | | |
| | | | | | | | |
Current Assets: | | | | | | | | |
Cash and cash equivalents | | $ | 955 | | | $ | 428 | |
Short-term deposit | | | 10,238 | | | | 15,527 | |
Account receivable | | | 110 | | | | 759 | |
Prepaid expenses and other current assets | | | 82 | | | | 74 | |
Total current assets | | | 11,385 | | | | 16,788 | |
| | | | | | | | |
Long-Term Assets: | | | | | | | | |
Prepaid expenses and other long-term assets | | | 25 | | | | 21 | |
Property and Equipment, Net | | | 312 | | | | 271 | |
Total Long-Term Assets | | | 337 | | | | 292 | |
| | | | | | | | |
Total assets | | $ | 11,722 | | | $ | 17,080 | |
| | | | | | | | |
LIABILITIES AND STOCKHOLDERS' EQUITY | | | | | | | | |
| | | | | | | | |
Current Liabilities: | | | | | | | | |
Accounts payables | | $ | 352 | | | $ | 1,169 | |
Accrued expenses | | | 576 | | | | 1,500 | |
Other accounts payable | | | 267 | | | | 283 | |
Total current liabilities | | | 1,195 | | | | 2,952 | |
| | | | | | | | |
Stockholders' Equity: | | | | | | | | |
Stock capital: | | | 11 | | | | 11 | |
Common stock of $0.00005 par value - Authorized: 100,000,000 shares at September 30, 2016 and December 31, 2015 respectively; Issued and outstanding: 18,687,987 and 18,643,288 shares at September 30, 2016 and December 31, 2015 respectively. | | | | | | | | |
Additional paid-in-capital | | | 85,015 | | | | 84,258 | |
Accumulated deficit | | | (74,499) | | | | (70,141) | |
Total stockholders' equity | | | 10,527 | | | | 14,128 | |
| | | | | | | | |
Total liabilities and stockholders' equity | | $ | 11,722 | | | $ | 17,080 | |
BRAINSTORM CELL THERAPEUTICS INC. AND SUBSIDIARIES | | ||||||||||||
| | ||||||||||||
INTERIM CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) | | ||||||||||||
U.S. dollars in thousands | | ||||||||||||
(Except share data) | | ||||||||||||
| | ||||||||||||
| | Nine months ended | | Three months ended | | ||||||||
| | September 30, Werbung Mehr Nachrichten zur Brainstorm Cell Therapeutics Inc Aktie kostenlos abonnieren
E-Mail-Adresse
Bitte überprüfe deine die E-Mail-Adresse.
Benachrichtigungen von ARIVA.DE (Mit der Bestellung akzeptierst du die Datenschutzhinweise) -1 Vielen Dank, dass du dich für unseren Newsletter angemeldet hast. Du erhältst in Kürze eine E-Mail mit einem Aktivierungslink. Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte. Andere Nutzer interessierten sich auch für folgende News |