Neuralstem, Inc., a Maryland-based biotech company, announced that the FDA approved its application to conduct a Phase I safety trial of its stem-cell based approach to treat ALS, making it the first company to do so. Prize4Life congratulates Neuralstem for its impressive work, and is excited to see the FDA take this important step towards actualizing stem cells as a potentially promising therapy. Prize4Life also congratulates BrainStorm Cell Therapeutics, of Petach Tikva, Israel, for its recently-secured funding to complete pre-clinical stem cell trials for ALS. A competitorfor Prize4Life's Avi Kremer ALS Treatment Prize, BrainStorm expects to begin Phase I clinical trials in early 2010.
Read Prize4Life's press release on Neuralstem's accomplishment here.