Significant Revenue Growth
Second quarter 2025 revenues were $303,000, representing an increase of 240% compared to $89,000 in the same period last year, primarily due to a contract manufacturing agreement on BioCosmeceuticals.
Improved Financial Position
The company ended the quarter with cash, cash equivalents, and marketable securities of $7.4 million and no outstanding debt.
Promising Clinical Trial Results
In the ongoing Phase II trial of BRTX-100, over 74% of subjects showed greater than 50% improvement in function, and over 72% reported greater than 50% reduction in pain by 52 weeks. No serious adverse events were reported.
Regulatory Progress and Enrollment
The company is more than halfway through enrollment for their 99-subject goal for the BRTX-100 trial and plans to meet with the FDA to accelerate the regulatory pathway.