Why BrainStorm Cell Therapeutics (BCLI) Shares Are Trading Higher Today - Brainstorm Cell (NASDAQ:BCLI)

BrainStorm Cell Therapeutics Inc BCLI announced its decision to submit a marketing application to the FDA seeking approval for NurOwn for amyotrophic lateral sclerosis (ALS).
A correction was made to the Muscle and Nerve publication from December 2021 describing the results of NurOwn's Phase 3 trial in ALS following new clinical analyses, which strengthens the company's original conclusions from the trial.
The correction results in a statistically significant treatment difference of more than 2 points for an average change from baseline in ALSFRS-R (ALS functional scale) in the pre-specified efficacy subgroup of participants with a baseline score of at least 35.
Related: BrainStorm Cell ALS Candidate Shows Benefit In Patients With Less Severe Disease.
Results of the biomarker analyses showed significant changes across multiple cerebrospinal fluid (CSF) biomarkers following NurOwn treatment, with the most potent effects observed on biomarkers related to neuroprotection and neuroinflammation.
The company ended Q2 with cash, cash equivalents, and short-term bank deposits of approximately $12.2 million.
Price Action: BCLI shares are up 12.95% at $3.95 during the market session on the last check Monday.