BioRestorative Therapies Conducts Substantive Negotiations for Potential ThermoStem License Agreement

DENVER, Colo., Jun 13, 2024 (247marketnews.com)- BioRestorative Therapies, Inc. (NASDAQ:BRTX) reported holding substantive talks with an undisclosed commercial stage regenerative medicine company with regard to a license of BioRestorative’s allogeneic, off-the-shelf ThermoStem metabolic intellectual property.

“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,” stated BioRestorative’s Chief Executive Officer, Lance Alstodt. “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.”

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