BrainStorm Cell Therapeutics Inc. Secures Significant Equity Financing and Raises Research Budget

NEW YORK & PETACH TIKVAH, Israel--(BUSINESS WIRE)--BrainStorm Cell Therapeutics Inc. (OTCBB: BCLI), a leading developer of adult stem cell technologies and therapeutics, is pleased to announce that it has completed a second equity financing closing with ACCBT Corp., a company under the control of BrainStorm’s President, Chaim Lebovits. Proceeds from the financing will be used to build a Vivarian facility to test BrainStorm technologies, as well as to conduct preclinical studies, efficacy and toxicity in connection with the Company’s efforts to treat and cure Parkinson’s disease and ALS (Lou Gehrig’s disease), and allow BrainStorm to extend its research to focus on additional illnesses.