POMPANO BEACH, Fla., Aug. 22, 2006 (PRIMEZONE) -- StockMarketNewsAlert.com is issuing a trade alert for BrainStorm Cell Therapeutics Inc. (OTCBB:BCLI). According to M. D'Alonzo at First Equity Group Inc., recent news flow from the company has been very positive: "The company announced that a leading company in adult stem cell research, comments on the Stem Cell Research Enhancement Act, which was vetoed by President Bush, and the lesser-known Alternative Pluripotent Stem Cell Therapies Enhancement Act, which was just passed by the Senate and is expected to be signed by President Bush."
Yoram Drucker, BrainStorm's Chief Operating Officer, notes: "Most of the public is not even aware that adult stem cells can provide a viable and effective alternative to embryonic stem cells for medical research and treatment."
Mr. Drucker continues, "There is no doubt that adult and embryonic stem cells each have desirable qualities and benefits. That being said, adult stem cells do provide certain advantages, even beyond obviating the ethical issues. One significant benefit is that they can be autologous -- the patient can become his or her own donor, so there is no risk of rejection of the differentiated cells, and there would be no need to use anti-rejection medications."
About BrainStorm Cell Therapeutics Inc.
BrainStorm Cell Therapeutics Inc. is an emerging company developing neural-like stem cell therapeutic products, NurOwn(tm), based on autologous bone marrow-derived stromal cells, for treatment of neurodegenerative diseases. NurOwn(tm) patent pending technology is based on discoveries made by the team led by prominent neurologist Professor Eldad Melamed, Head of Neurology at Rabin Medical Center, and expert cell biologist Dr. Daniel Offen, Head of the Neuroscience Laboratory at the Felsenstein Medical Research Center of Tel-Aviv University, enabling the differentiation of bone marrow derived stem cells into functional neurons and astrocytes, as demonstrated in animal models. The company holds rights to develop and commercialize the technology through an exclusive, worldwide licensing agreement with Ramot at Tel Aviv University Ltd., the technology transfer company of Tel-Aviv University. The company's initial focus is on developing treatments for Parkinson's disease.
About Stem Cell Therapy
Stem cells are non-specialized cells with a remarkable potential for both self-renewal and differentiation into cell types with a specialized function, such as muscle, blood or brain cells. Stem cells can be harvested from fetal or embryonic tissue or from adult tissue reservoirs such as bone marrow. Use of embryonic stem cells is at the center of significant ethical and moral debate. In contrast, use of adult stem cells does not provoke the same moral or legal controversy. Stem cell therapy aims to "cure" disease by replacing the diseased cells with healthy cells derived from stem cells. This approach has the potential to revolutionize medicine and, if successful, the implied commercial opportunities are great. Currently, scientists are exploring both embryonic stem cells (ESC) and adult stem cells (ASC) as the potential basis for multiple cell therapy products.
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