Healthcare Industry Leader, Dr. Jonathan C. Javitt, Joins BrainStorm Cell Therapeutics Board of Directors

Business Wire, August 27, 2007

Former White House Advisor and Johns Hopkins Professor

Most Recent Addition to World Class Team

NEW YORK & PETACH TIKVAH, Israel -- BrainStorm Cell Therapeutics Inc. (OTCBB:BCLI), a leading developer of adult stem cell technologies and therapeutics, today announced the election of Jonathan C. Javitt, M.D., M.P.H. to its Board of Directors. The addition of Dr. Javitt to Brainstorm's team demonstrates the company's significant strides in its research as it begins the crucial clinical phases of its research; at the same time the company is ramping up for its FDA approval process as indicated through the addition of key advisors with substantial FDA experiences.

"Serving on the BrainStorm board is an opportunity for me to help advance the potential of autologous, adult-stem cell-derived therapies to improve the lives of patients with neurodegenerative diseases," Dr. Javitt said. "BrainStorm is an innovative enterprise with world-class scientists who have already achieved remarkable preclinical results."

"We are very excited to have Dr. Javitt join our Board of Directors. He will, with G-d's help, provide substantial insight to BrainStorm by leveraging his experience and visionary leadership," commented Chaim Lebovits, President of BrainStorm. "BrainStorm is fortunate to attract this talented and experienced healthcare leader to its Board of Directors. Recently, Dr. Javitt was instrumental in guiding the first pharmaceutical therapy for macular degeneration through the regulatory process in record time. His innovative guidance will be invaluable to Brainstorm's management as we move into the clinical phase of our endeavors."

Dr. Javitt is a physician with a background in information technology, health economics, and public health, who serves as a Senior Fellow of the Potomac Institute for Policy Studies, in addition to serving as Chairman and CEO of Health Directions, LLC, an investment and consulting group that focuses on healthcare information technology and biotechnology. Dr. Javitt has been a founder of health information technology companies that have become part of Siemens, Inc. (NYSE:SI), United Health Group, Inc., and Aetna, Inc. (NYSE:AET). Currently, he serves as Managing Director for Health Care and Life Sciences of BTI, Inc. and is a Director of Flexscan, Inc. (Nasdaq:FXSC). Dr. Javitt continues to serve as a Professor of Ophthalmology (adj.) at the Johns Hopkins University.

Dr. Javitt was appointed by President Bush on May 8, 2003 to the President's Information Technology Advisory Committee (PITAC), where he chaired the Health Subcommittee. Their report, Revolutionizing Health Care through Information Technology has served as a blueprint for concerted Executive and Legislative Branch focus on computerizing the nation's healthcare infrastructure. Dr. Javitt was subsequently appointed as an at-large delegate to the 2006 White House Conference on Aging.

Dr. Javitt joined the faculty of Johns Hopkins in 1988 as the first ophthalmologist to be granted a Physician Scientist Award by the National Eye Institute of the National Institutes of Health. He joined the faculty of Georgetown University in 1990, where he directed and participated in more than $20 million of federally-funded research focused on outcomes of, and delivery of, health care including diseases of the eye, diabetes, and breast cancer. He is the author of more than 200 publications related to health care delivery and holds two U.S. patents. He authored the first book on computers in medicine and has published more than 200 scientific works in the New England Journal of Medicine, the Journal of the American Medical Association, and numerous other peer-reviewed publications.

Dr. Javitt served as a member of the White House Health Reform Task Force. He has been an expert consultant to the World Bank, the National Institutes of Health, the Health Care Financing Administration, Department of Veterans Affairs, and the ministries of health of United Kingdom, Sweden, Australia, Japan, and the Netherlands. He has been an active consultant in pharmacoeconomics and pharmaceutical development and has completed product development projects for Alcon, Allergan, American Home Products, Chiron, OSI/Eyetech, Lilly, Merck, Pharmacia and Pfizer.

In addition, Michael Greenfield announced that he is resigning from the BrainStorm Board of Directors, effective upon Dr. Javitt's election, in order to pursue other opportunities. "Mike has been a great contributor to BrainStorm and its Board of Directors. The BrainStorm Board and management team thank Mike for his work with the Company and we wish him great success with his future endeavors," said Mr. Lebovits.

Since July 1, 2007, BrainStorm has made significant progress and improvement to its financial condition and its scientific leadership team, including:

* The appointment of Chaim Lebovits as its President

* The election of Moshe Lion to its Board of Directors

* Obtaining an equity financing commitment for up to $5 million, $1.25 million of which has already been funded