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BioRestorative Completes Phase 2 Dosing of BRTX-100, Advancing Lead Regenerative Spine Program Toward 2027 Topline Data

(Very High)
(Positive)

BioRestorative (Nasdaq:BRTX) completed dosing in its fully enrolled, randomized, double-blind, sham-controlled Phase 2 trial of BRTX-100 for chronic lumbar disc disease, treating 99 patients.

The study now enters blinded follow-up, with topline safety and efficacy data expected in Q2 2027. BRTX-100 has FDA Fast Track status, and a recent Type B meeting provided alignment on key Phase 3 development elements, with no clinical safety concerns raised. According to BioRestorative, no dose-limiting toxicities or serious adverse events related to BRTX-100 have been reported to date, and Phase 3 readiness and broader regenerative platform initiatives are ongoing.

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Positive

  • Phase 2 BRTX-100 trial fully enrolled with 99 patients and dosing completed
  • Randomized, double-blind, sham-controlled design supports rigorous safety and efficacy evaluation
  • Topline Phase 2 safety and efficacy data expected in Q2 2027
  • FDA Fast Track designation for BRTX-100 in chronic lumbar disc disease
  • Type B FDA meeting provided alignment on key elements of potential Phase 3 program
  • No dose-limiting toxicities or serious adverse events related to BRTX-100 reported to date

Negative

  • Topline Phase 2 data not expected until Q2 2027, extending timeline to potential approval
  • Efficacy conclusions remain uncertain pending unblinded Phase 2 and future Phase 3 results

News Market Reaction – BRTX

+20.10% 122.4x vol
51 alerts
+20.10% Session close to close
+196.9% Peak in 24 hr 42 min
$17.33M Market Cap
122.4x Rel. Volume

In the May 26 session, BRTX gained 20.10%, reflecting a significant positive market reaction. Argus tracked a peak move of +196.9% during that session. Our momentum scanner triggered 51 alerts that day, indicating high trading interest and price volatility. Trading volume was exceptionally heavy at 122.4x the daily average, suggesting very strong buying interest.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock surged +20.1% in the session following this news. A strong positive reaction aligns with B...
Analysis

The stock surged +20.1% in the session following this news. A strong positive reaction aligns with BRTX advancing its lead spine program, as full Phase 2 dosing in 99 patients and a clear path to topline data in Q2 2027 reduce development uncertainty. Historically, clinical-trial headlines averaged about -6.87%, with several selloffs despite favorable data, so an upside move of 7.77% before this announcement would have contrasted with that pattern and highlighted shifting sentiment against a backdrop of going-concern and capital-raising disclosures.

Key Figures

Phase 2 patients: 99 patients Responder threshold: 30% improvement Dose per patient: 40 x 10^6 cells +5 more
8 metrics
Phase 2 patients 99 patients Fully enrolled randomized, double-blind, sham-controlled Phase 2 trial
Responder threshold 30% improvement Required improvement in pain (VAS) and function (ODI) at week 52
Dose per patient 40 x 10^6 cells Single intradiscal BRTX-100 injection in approximately 1.5 cc
Q1 2026 revenue $23,170 Quarter ended March 31, 2026, similar to prior year
Q1 2026 net loss $2.15M Narrowed from $5.34M net loss a year earlier
Cash balance $3.11M Cash and cash equivalents at March 31, 2026
Registered warrant shares 15,285,715 shares Common stock underlying warrants registered in 424B3/POST AM
Authorized share increase 75,000,000 to 1,500,000,000 Proposed common share authorization change in proxy materials

Previous Clinical trial Reports

5 past events · Latest: 2026-05-07 (Positive)
Same Type Pattern 5 events
Date Event Sentiment 24h Move Catalyst
2026-05-07 Phase 2 data update Positive -8.1% Expanded blinded Phase 2 data with sustained pain and function improvements.
2026-04-30 Conference data preview Positive +11.6% Plan to present new Phase 2 safety and blinded efficacy data at ISCT 2026.
2026-03-30 Positive blinded data Positive -10.9% Blinded Phase 2 data showing meaningful pain and function improvements.
2026-03-19 Data presentation notice Positive +11.9% Upcoming presentation of new blinded Phase 2 data covering ~45 patients.
2026-02-10 Enrollment completion Positive -38.9% Completion of enrollment of 99 patients in the Phase 2 BRTX-100 trial.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Clinical-trial headlines for BRTX often drew volatile reactions, with several positive updates followed by negative price moves and a few instances of sharp rallies.

Recent Company History

Over the past few months, BioRestorative has repeatedly highlighted progress for BRTX-100 in chronic lumbar disc disease, including enrollment completion of 99 patients on Feb 10, 2026 and multiple blinded Phase 2 data sets showing meaningful pain and function improvements. These clinical updates, some with FDA Fast Track and Phase 3 alignment, frequently saw mixed to negative next‑day moves, including reactions of -38.87%, -10.94% and -8.09%, alongside occasional strong gains such as +11.93% and +11.6% on other trial-related news.

Key Terms

sham-controlled, visual analog scale, oswestry disability index, magnetic resonance imaging, +4 more
8 terms
sham-controlled medical
"Fully enrolled, randomized, double-blind, sham-controlled Phase 2 study"
A sham-controlled trial compares a real medical procedure or device to a fake version that looks and feels the same but has no therapeutic effect, much like a sugar pill for surgery or implants. For investors, sham control is a sign of rigorous testing because it helps separate true treatment benefits from placebo effects or patient expectations, making clinical results and regulatory prospects more reliable when assessing commercial potential.
visual analog scale medical
"pain -- as measured by the Visual Analog Scale -- and function"
A visual analog scale is a simple patient-reported tool that lets someone mark how intense a symptom feels along a straight line anchored by two extremes (for example, “no pain” to “worst imaginable pain”). It turns subjective feelings into a numerical score so researchers and regulators can compare results consistently. Investors watch VAS scores because they’re often used as trial endpoints or to measure treatment benefit, affecting regulatory approval, labeling, and market acceptance.
oswestry disability index medical
"function --as measured by the Oswestry Disability Index, at week 52"
A standardized questionnaire used to measure how much back pain limits a person’s everyday activities, like lifting, walking or sleeping; patients answer a set of simple questions and receive a score that reflects their level of disability. Investors pay attention because changes in this score are often used in clinical trials and regulatory reviews to demonstrate whether a treatment or device meaningfully improves patients’ quality of life, which can affect approval, market adoption and commercial value.
magnetic resonance imaging medical
"with MRI evaluations at baseline, week 52 and week 104"
Magnetic resonance imaging (MRI) is a medical scan that uses strong magnets and radio waves to make detailed pictures of the inside of the body without X-rays or surgery. For investors, MRI matters because the machines, software, maintenance, and scan services represent steady capital spending and revenue streams for equipment makers, hospitals and imaging centers; advances or wider adoption can change market size, pricing power and competitive dynamics much like a camera upgrade transforms picture quality and demand.
autologous medical
"BRTX-100 is BioRestorative’s proprietary autologous, hypoxically cultured"
Autologous describes a medical product or treatment made from a patient’s own cells or tissues rather than from a donor. For investors, autologous approaches matter because they can lower the risk of immune rejection and improve effectiveness, but they often require individualized manufacturing, complex logistics, and higher per-patient costs—factors that affect scalability, pricing, and regulatory hurdles in healthcare businesses.
mesenchymal stem cell medical
"hypoxically cultured mesenchymal stem cell therapy designed for delivery"
Mesenchymal stem cells are adult cells that can act like a biological handyman, able to become bone, cartilage, fat or other tissue types and to support tissue repair and reduce inflammation. Investors care because these cells are the basis for many experimental therapies and medical products; their commercial potential, clinical trial results, manufacturing challenges and regulatory approvals directly affect the value and risk of companies developing them.
fast track designation regulatory
"BRTX-100 has received Fast Track designation from the U.S. Food"
Fast track designation is a status the U.S. Food and Drug Administration grants to drugs intended to treat serious conditions and address an unmet medical need. It gives the developer more frequent communication with the FDA and can allow parts of the application to be reviewed on a rolling basis, and it may pave the way to priority review or accelerated approval. It can shorten development timelines, though it does not guarantee approval.
type b meeting regulatory
"following our Type B meeting with the FDA, where the agency"
A Type B meeting is a formal, scheduled discussion between a drug or medical-device developer and a health regulator to resolve key mid‑ or late‑stage development issues such as clinical trial plans, interpretation of results, or steps needed for approval. Like a mid‑project review with an inspector, the meeting’s outcome can meaningfully change the timeline, cost and risk for a candidate: a clear, positive outcome lowers uncertainty for investors, while requests for more data or changes can signal delays and extra expense.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Fully enrolled, randomized, double-blind, sham-controlled Phase 2 study has completed treatment administration in 99 patients; Company continues Phase 3 readiness activities following FDA Type B meeting alignment

MELVILLE, N.Y., May 26, 2026 (GLOBE NEWSWIRE) -- BioRestorative Therapies, Inc. (“BioRestorative,” “BRTX,” or the “Company”) (Nasdaq:BRTX), a late-stage clinical regenerative medicine company focused on stem cell-based therapies and products, today announced that the last patient has been dosed in its fully enrolled Phase 2 clinical trial evaluating BRTX-100 for the treatment of chronic lumbar disc disease (cLDD), completing treatment administration in the Company’s lead clinical program and advancing the study into the next stage of blinded follow-up ahead of expected topline safety and efficacy data in Q2 2027.

The prospective, randomized, double-blind, sham-controlled, single-disc Phase 2 study enrolled approximately 99 patients across U.S. clinical sites and is designed to evaluate the safety and preliminary efficacy of BRTX-100 in patients with painful chronic lumbar disc disease. Subjects were randomized in a 2:1 ratio to receive either BRTX-100 or control treatment. The primary safety endpoints for the trial include the frequency and severity of adverse events and serious adverse events, as well as imaging-related findings. The primary efficacy responder endpoint is defined as at least a 30% improvement from baseline in both pain -- as measured by the Visual Analog Scale -- and function --as measured by the Oswestry Disability Index, at week 52. Study follow-up assessments are being conducted at weeks 2, 12, 26, 52 and 104, with MRI evaluations at baseline, week 52 and week 104.

“Completion of dosing in our Phase 2 BRTX-100 trial represents an important transition point for BioRestorative,” said Lance Alstodt, BioRestorative Chief Executive Officer. “We have now completed treatment administration in a rigorously designed, randomized, double-blind, sham-controlled study of our lead regenerative spine candidate, and the program is moving through blinded follow-up toward the 52-week efficacy assessment and expected topline safety and efficacy data in the second quarter of 2027. Importantly, this milestone also comes as we continue Phase 3 readiness activities following our Type B meeting with the FDA, where the agency did not raise clinical safety concerns and provided alignment on key elements of the late-stage development pathway.

“With Phase 2 dosing now complete, we believe BioRestorative is positioned to advance the next phase of BRTX-100 development while reducing expenses and redirecting operational focus and resources toward additional value-creation priorities, including the continued commercialization of our BioCosmeceutical platform,” Mr. Alstodt continued. “Our objective is to build from this milestone with discipline, clinical rigor and a clear focus on advancing our regenerative medicine platform across both therapeutic and commercial opportunities.”

BRTX-100 is BioRestorative’s proprietary autologous, hypoxically cultured mesenchymal stem cell therapy designed for delivery into the harsh, low-oxygen, low-nutrient environment of the intervertebral disc. Patients in the trial received a single intradiscal injection of BRTX-100 consisting of 40 x 10^6 cells administered in approximately 1.5 cc through a minimally invasive outpatient procedure.

Eligible patients enrolled in the study were required to have chronic low back pain persisting for at least six months, failure of conservative therapy for at least six months, MRI-confirmed single symptomatic lumbar disc disease and minimum baseline pain and disability thresholds. Major exclusion criteria included prior lumbar surgery at the index level and prior biologic or cellular disc interventions.

BioRestorative has previously reported favorable blinded safety and preliminary efficacy data from the ongoing Phase 2 trial, including sustained improvements in pain and functional measures across multiple follow-up periods and MRI findings suggestive of potential disc remodeling in certain subjects. In previously disclosed blinded datasets, the Company reported clinically meaningful improvements across pain and function measures, including Visual Analog Scale, Oswestry Disability Index, Roland-Morris Disability Questionnaire and Functional Rating Index assessments. To date, the Company has reported no dose-limiting toxicities or serious adverse events related to BRTX-100 in the safety cohorts evaluated. These blinded findings have been presented at scientific and industry conferences and disclosed through prior Company announcements.

BRTX-100 has received Fast Track designation from the U.S. Food and Drug Administration for the treatment of chronic lumbar disc disease. BioRestorative previously announced a positive outcome from a Type B meeting with the FDA regarding key elements of a potential Phase 3 program and a pathway toward future BLA-enabling activities. The Company expects to continue advancing Phase 3 preparation activities while blinded follow-up in the Phase 2 study continues, with topline safety and efficacy data expected in Q2 2027.

About BioRestorative Therapies, Inc.

BioRestorative (www.biorestorative.com) develops therapeutic products using cell and tissue protocols, primarily involving adult stem cells. As described below, our two core clinical development programs relate to the treatment of disc/spine disease and metabolic disorders, and we also operate a commercial BioCosmeceutical platform:

  • Disc/Spine Program (brtxDISC): Our lead cell therapy candidate, BRTX-100, is a product formulated from autologous (or a person’s own) cultured mesenchymal stem cells collected from the patient’s bone marrow. We intend that the product will be used for the non-surgical treatment of painful lumbosacral disc disorders or as a complementary therapeutic to a surgical procedure. The BRTX-100 production process utilizes proprietary technology and involves collecting a patient’s bone marrow, isolating and culturing stem cells from the bone marrow and cryopreserving the cells. In an outpatient procedure, BRTX-100 is to be injected by a physician into the patient’s damaged disc. The treatment is intended for patients whose pain has not been alleviated by non-invasive procedures and who potentially face the prospect of surgery. We have commenced a Phase 2 clinical trial using BRTX-100 to treat chronic lower back pain arising from degenerative disc disease. We have also obtained U.S. Food and Drug Administration (“FDA”) Investigational New Drug (“IND”) clearance to evaluate BRTX-100 in the treatment of chronic cervical discogenic pain
  • Metabolic Program (ThermoStem®): We are developing cell-based therapy candidates to target obesity and metabolic disorders using brown adipose (fat) derived stem cells (“BADSC”) to generate brown adipose tissue (“BAT”), as well as exosomes secreted by BADSC. BAT is intended to mimic naturally occurring brown adipose depots that regulate metabolic homeostasis in humans. Initial preclinical research indicates that increased amounts of brown fat in animals may be responsible for additional caloric burning as well as reduced glucose and lipid levels. Researchers have found that people with higher levels of brown fat may have a reduced risk for obesity and diabetes. BADSC secreted exosomes may also impact weight loss
  • BioCosmeceuticals: We operate a commercial BioCosmeceutical platform. Our current commercial products are formulated and manufactured in our cGMP, ISO-7 certified clean room facility. Each product features a cell-based secretome enriched with exosomes, proteins, growth factors, peptides, and other carefully selected active ingredients. This proprietary biologic portfolio has been thoughtfully engineered to support skin health and longevity while addressing visible signs of aging and enhancing overall cosmetic performance. Moving forward, we also intend to explore the potential of expanding our commercial offering to include a broader family of cell-based biologic aesthetic products and therapeutics via IND-enabling studies, with the aim of pioneering FDA approvals in the emerging BioCosmeceuticals space

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events or results to differ materially from those projected in the forward-looking statements as a result of various factors and other risks, including, without limitation, those set forth in the Company's latest Form 10-K, filed with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and the Company undertakes no obligation to update such statements.

CONTACT:
Investors
CORE IR
investors@biorestorative.com

Media
CORE PR
pr@coreir.com


FAQ

What did BioRestorative (BRTX) announce about its BRTX-100 Phase 2 trial on May 26, 2026?

BioRestorative announced it has completed dosing in its fully enrolled Phase 2 BRTX-100 trial. According to BioRestorative, 99 patients with chronic lumbar disc disease received treatment, and the study now continues blinded follow-up toward topline safety and efficacy data expected in Q2 2027.

When is BioRestorative (BRTX) expecting topline Phase 2 data for BRTX-100?

Topline safety and efficacy data for BRTX-100 Phase 2 are expected in Q2 2027. According to BioRestorative, the trial will continue blinded follow-up with key assessments through 52 and 104 weeks, including MRI evaluations, before reporting these results.

What is BRTX-100 in BioRestorative's Phase 2 regenerative spine program (BRTX)?

BRTX-100 is an autologous, hypoxically cultured mesenchymal stem cell therapy delivered into the intervertebral disc. According to BioRestorative, a single intradiscal injection of 40 x 10^6 cells in about 1.5 cc is administered via a minimally invasive outpatient procedure for chronic lumbar disc disease.

How safe has BRTX-100 appeared so far in BioRestorative's (BRTX) clinical program?

According to BioRestorative, no dose-limiting toxicities or serious adverse events related to BRTX-100 have been reported. The Phase 2 trial’s primary safety endpoints track adverse events, serious adverse events, and imaging findings during follow-up to 104 weeks in treated chronic lumbar disc disease patients.

What did the FDA Type B meeting mean for BioRestorative's (BRTX) BRTX-100 Phase 3 plans?

The FDA Type B meeting provided alignment on key elements of a potential Phase 3 program. According to BioRestorative, the agency did not raise clinical safety concerns and the company is continuing Phase 3 readiness activities alongside ongoing blinded Phase 2 follow-up.

What makes BioRestorative's (BRTX) Phase 2 BRTX-100 trial design important for investors?

The BRTX-100 trial uses a randomized, double-blind, sham-controlled, single-disc design enrolling about 99 patients. According to BioRestorative, this structure supports robust evaluation of safety and preliminary efficacy, including pain and function responder endpoints at 52 weeks with extended MRI follow-up.