Peter Enderlin's questions to LISATA THERAPEUTICS (LSTA) leadership • Q2 2025
Question
Peter Enderlin of MAZ Partners asked a series of questions regarding the extended cash runway, the significance of the new patent extending to 2040, and for a comparison of the regulatory environments in the U.S. versus China.
Answer
President, CEO & Director David Mazzo addressed all points. He clarified the cash runway projection only includes a small contribution from the New Jersey NOL program and no other capital infusions. He described the new patent as a fundamental composition of matter patent, the most difficult type to challenge, which significantly secures the company's IP. Lastly, he explained that comparing the U.S. and Chinese regulatory bodies is difficult for a non-Chinese company due to unique relationships and politics in China.