Kadimastem Received A Quick Response From The FDA: The Development Process For The Stem Cell-Based Drug For ALS Is Expected To Be Significantly Shortened

The company reported yesterday on the submission of an initial consulting folder to the FDA and positive results in its first pre-clinical trial for the treatment of ALS

NESS ZIONA, Israel--(BUSINESS WIRE)--Israeli biotechnology company Kadimastem (TASE:KDST) announces today that only one day after approaching the FDA regarding the cellular treatment that it is developing for ALS, an encouraging response was received. Based on the quality of the data presented, the FDA recommends rapidly moving forward in the approval process towards product development and safety (towards clinical trials).

” The submission was prepared by the company's development team, accompanied by Gsap, headed by Dr. Sigalit Ariely-Portnoy.

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