BioRestorative Therapies in Substantive Discussions for Potential License Agreement for ThermoStem® Metabolic Disease Program
13 Junho 2024 - 8:00AM
BioRestorative Therapies, Inc. (“BioRestorative”, “BRTX” or the
“Company”) (NASDAQ:BRTX
), a clinical stage company
focused on stem cell-based therapies, today reported that it has
had substantive discussions with an undisclosed commercial stage
regenerative medicine company with regard to a license of
BioRestorative’s allogeneic, off-the-shelf ThermoStem® metabolic
intellectual property.
Previously published peer-reviewed preclinical
data from a study conducted in collaboration with the University of
Utah School of Medicine demonstrated a clonogenic population of
metabolically active brown adipose tissue (“BAT”) stem cells
residing in adult humans that: (i) can be expanded in vitro; (ii)
exhibit multilineage differentiation potential (osteogenetic,
chondrogenic and adipogenic); and (iii), functionally differentiate
into metabolically active brown adipocytes. In addition, the
preclinical results confirmed that multipotent brown adipose
derived stem cells (“BADSCs”) induced to differentiate into brown
adipocytes exhibit the mature functional properties of these cells,
including increased mitochondrial activity, an important functional
characteristic of BAT.
BADSCs with brown adipogenic potential would
represent an exciting new modality for the treatment of obesity and
related metabolic disorders. To explore this possibility,
BioRestorative developed a 3D Porous Extracellular Matrix-Derived
Scaffold for effective cell delivery. Data obtained in high-fat fed
NOD-SCID mice transplanted with differentiated BADSCs supported by
the 3D scaffold showed significant reductions in weight,
triglyceride and blood glucose levels compared to saline-only
injected controls.
No assurances can be given that a license
agreement will be entered into whether on commercially reasonable
terms or otherwise. The Company does not intend to make any further
announcements with regard to the license unless and until an
agreement is entered into.
“It has been captivating to watch the scale,
scope and speed with which potential license partners have begun to
show interest in our proprietary off-the-shelf ThermoStem®
platform,” said Lance Alstodt, BioRestorative’s Chief Executive
Officer. “We are particularly pleased that our pioneering animal
studies, which demonstrated that BADSCs show promise in correcting
the weight gain and hyperglycemia associated with high fat feeding,
and that our 3D scaffolds, which are capable of retaining viable
transplanted cells for at least five weeks post-implantation, have
attracted the caliber of commercial stage regenerative medicine
company with which we are now engaged in substantive licensing
discussions.”
About BioRestorative Therapies,
Inc.
BioRestorative (www.biorestorative.com) develops
therapeutic products using cell and tissue protocols, primarily
involving adult stem cells. As described below, our two core
clinical development programs relate to the treatment of disc/spine
disease and metabolic disorders, and we have also recently begun
offering BioCosmeceutical products:
• Disc/Spine Program (brtxDISC™): Our lead cell
therapy candidate, BRTX-100, is a product formulated from
autologous (or a person’s own) cultured mesenchymal stem cells
collected from the patient’s bone marrow. We intend that the
product will be used for the non-surgical treatment of painful
lumbosacral disc disorders or as a complementary therapeutic to a
surgical procedure. The BRTX-100 production process
utilizes proprietary technology and involves collecting a patient’s
bone marrow, isolating and culturing stem cells from the bone
marrow and cryopreserving the cells. In an outpatient
procedure, BRTX-100 is to be injected by a physician into
the patient’s damaged disc. The treatment is intended for patients
whose pain has not been alleviated by non-invasive procedures and
who potentially face the prospect of surgery. We have commenced a
Phase 2 clinical trial using BRTX-100 to treat chronic
lower back pain arising from degenerative disc disease.
• Metabolic Program (ThermoStem®): We are
developing cell-based therapy candidates to target obesity and
metabolic disorders using brown adipose (fat) derived stem cells
(“BADSC”) to generate brown adipose tissue (“BAT”), as well as
exosomes secreted by BADSC. BAT is intended to mimic naturally
occurring brown adipose depots that regulate metabolic homeostasis
in humans. Initial preclinical research indicates that increased
amounts of brown fat in animals may be responsible for additional
caloric burning as well as reduced glucose and lipid levels.
Researchers have found that people with higher levels of brown fat
may have a reduced risk for obesity and diabetes. BADSC
secreted exosomes may also impact weight loss.
• BioCosmeceuticals: We operate a commercial
BioCosmeceutical platform. Our current commercial product,
formulated and manufactured using our cGMP ISO-7 certified clean
room, is a cell-based secretome containing exosomes, proteins and
growth factors. This proprietary biologic serum has been
specifically engineered by us to reduce the appearance of fine
lines and wrinkles and bring forth other areas of cosmetic
effectiveness. Moving forward, we also intend to explore the
potential of expanding our commercial offering to include a broader
family of cell-based biologic aesthetic products and therapeutics
via Investigational New Drug (IND)-enabling studies, with the aim
of pioneering U.S. Food and Drug Administration (FDA) approvals in
the emerging BioCosmeceuticals space.
Forward-Looking Statements
This press release contains "forward-looking
statements" within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended, and such forward-looking statements are made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. You are cautioned that such
statements are subject to a multitude of risks and uncertainties
that could cause future circumstances, events or results to differ
materially from those projected in the forward-looking statements
as a result of various factors and other risks, including, without
limitation, those set forth in the Company's latest Form 10-K, as
amended, filed with the Securities and Exchange Commission. You
should consider these factors in evaluating the forward-looking
statements included herein, and not place undue reliance on such
statements. The forward-looking statements in this release are made
as of the date hereof and the Company undertakes no obligation to
update such statements.
CONTACT:Email: ir@biorestorative.com
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