In a report released on May 27, Jason McCarthy from Maxim Group maintained a Buy rating on Brainstorm Cell Therapeutics (BCLI – Research Report), with a price target of $6.00.
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Jason McCarthy has given his Buy rating due to a combination of factors that highlight BrainStorm Cell Therapeutics’ strategic advancements and potential in the biotechnology sector. The company is making significant progress with its proprietary cell therapy platform, NurOwn, which is designed to treat neurodegenerative diseases like ALS by leveraging mesenchymal stem cells to secrete neurotrophic factors that support neuronal survival and repair.
Moreover, BrainStorm’s recent collaboration with Minaris Advanced Therapies to expand manufacturing capabilities in the US is a pivotal step as it prepares for the upcoming Phase 3b study. This partnership ensures a robust supply chain and enhances the scalability needed for the complex production of autologous cell therapies. With the FDA clearance and a well-structured study design in place, BrainStorm is well-positioned to advance its clinical trials, making it a promising investment opportunity according to McCarthy’s analysis.