The following is a summary of the Brainstorm Cell Therapeutics Inc. (BCLI) Q2 2024 Earnings Call Transcript:

Financial Performance:

• Brainstorm reported a net loss of $2.5 million for Q2 2024 compared to a net loss of $5.3 million for Q2 2023, showing an improvement in reducing losses.

• Cash reserves increased to $3.65 million as of June 30, 2024, up from $0.75 million on the same date in 2023.

Business Progress:

• Continued preparations for the Phase 3b trial for NurOwn in ALS.

• Achieved a written SPA agreement with the FDA, indicating readiness to initiate the trial by the end of 2024 or the first quarter of 2025.

• Building a network of 12 leading clinical centers for broad patient access.

• Pursuing non-dilutive funding opportunities including a grant application which could bring in up to $15 million.

Opportunities:

• Expanded clinical trial network planned for Phase 3b supports broad patient access and potential for faster enrollment and driving successful trial outcomes.

• Exploring non-dilutive funding sources such as grants and strategic partnerships to strengthen financial position.

• Potential significant breakthrough in treatment for ALS could position the company positively within the neurodegenerative disease treatment market.

Risks:

• Required to maintain a $1 share price over 10 consecutive trading days to avoid NASDAQ delisting. Exploring a reverse stock split as a remedial action.

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