Drug developer Brainstorm Cell Therapeutics Inc said its experimental cell therapy was found safe and well tolerated in patients with amyotrophic lateral sclerosis (ALS), a progressive neurological disorder, in a mid-stage study.
The New Jersey-based company's shares jumped 16 percent to $3.47 in premarket trading on Monday.
ALS is an invariably fatal neurological disease that attacks the nerve cells responsible for controlling voluntary muscles.
The drug, NurOwn, also showed a clinically meaningful benefit compared with a placebo, Brainstorm said.