Neuralstem, Inc. (Nasdaq:CUR)
Neuralstem, Inc. (Nasdaq:CUR), a biopharmaceutical organization concentrated on the advancement of focal sensory system treatments in light of its neural undifferentiated organism innovation, reported its money related results and gave business and clinical overhauls to the three and six months time spans finished June 30, 2016.
In the second quarter of 2016, the organization have taken measures to enhance the Company’s cost structure and finished activities to fortify the association, especially with the arrangement of another Scientific Policy Committee.
In Q2, the organization carried clinical headways with its lead compound, NSI-189, and they are satisfied with movement of the enlistment the continuous Phase 2 MDD trial, with results expected in the second 50% of 2017.
Moreover, the preclinical long haul potentiation information reported in June, if understanding to NSI-189’s component of activity and the conceivable helpful advantage of change in subjective capacity, further supporting the legitimacy of its exclusive novel innovation.”
In May 2016, the Company finished an open offering of securities and, independently, a private arrangement of securities, which brought about aggregate gross continues of $9.1 million and net continues of around $8.2 million from the offerings.
Likewise in May 2016, the Company experienced a workforce decrease to better adjust the association to its refocused corporate methodology. The Company embraced the accompanying cost funds measures amid the second quarter of 2016:
In May 2016, the Company selected the main subject in our NSI-189 Phase 2 clinical trial for the treatment of MDD. We hope to discharge information on this twofold visually impaired, randomized, fake treatment controlled, 220 subject study in the second 50% of 2017.
In September 2015, NSI-566 ALS Phase 2 and joined Phase 1 and Phase 2 information on 24 patients were exhibited at the American Neurological Association Annual Meeting by the main specialist, Eva Feldman, MD, PhD, Director of the A. Alfred Taubman Medical Research Institute and Director of Research of the ALS Clinic at the University of Michigan Health. The information demonstrated that the intraspinal transplantation of the cells was sheltered and all around endured.