NLS Pharmaceutics AG and Kadimastem Secure Milestone-Based Funding from BIRD Foundation Following FDA Pre-IND Success for iTOL-102, a Potential Cure for Type 1 Diabetes

Reuters
07/17
NLS Pharmaceutics AG and Kadimastem Secure Milestone-Based Funding from BIRD Foundation Following FDA Pre-IND Success for iTOL-102, a Potential Cure for Type 1 Diabetes

NLS Pharmaceutics AG has announced a significant milestone in collaboration with Kadimastem Ltd. and iTolerance, Inc., as the Israel-U.S. Binational Industrial Research and Development Foundation (BIRD Foundation) approved a new milestone-based funding payment. The grant of approximately NIS 564,400 ($166,000 USD) is part of a larger support package totaling nearly NIS 3 million ($882,352 USD) to date. This funding is allocated to advance the development of iTOL-102, a novel cell therapy aimed at curing Type 1 diabetes without the need for life-long immunosuppression. The approval follows a successful Pre-IND meeting with the U.S. FDA, paving the way for First-in-Human clinical trials. The collaboration highlights the significant scientific progress and strategic partnership between NLS Pharmaceutics, Kadimastem, and iTolerance.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NLS Pharmaceutics Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-064913), on July 17, 2025, and is solely responsible for the information contained therein.

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