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ARTICLE | Financial News

CIRM grants BrainStorm $15.9M for ALS trial

July 21, 2017 10:31 PM UTC

The California Institute for Regenerative Medicine (CIRM) awarded BrainStorm Cell Therapeutics Inc. (NASDAQ:BCLI) $15.9 million to fund a Phase III trial of NurOwn to treat amyotrophic lateral sclerosis. BrainStorm said it is in "advanced stages" of planning the trial, which is to enroll about 200 patients with faster-progressing disease.

NurOwn comprises autologous mesenchymal stromal cells induced to differentiate into neurotrophic factor-secreting cells...