Benzinga | Nov 10, 2021 06:02AM EST

BioRestorative Therapies Named Robert Kristal as CFO

BioRestorative Therapies, Inc. (the "Company") (NASDAQ:BRTX), a life sciences company focused on adult stem cell-based therapies, today announced that it has appointed Robert Kristal to the position of Chief Financial Officer. Mr. Kristal brings an extensive array of strategic and financial markets experience to the Company, including a background in advising global public life sciences companies in corporate finance, operations management systems, and strategic collaborations.

Mr. Kristal is an experienced and versatile Wall Street and Bay St. professional who has built teams in both institutional sales and equity research at firms which have developed a notable presence in healthcare research and capital market activities. Most recently he served as the Head of Research for H.C. Wainwright, growing their research product and presence in the biotech/biopharma space. Mr. Kristal has been involved in numerous transactions in investment and merchant banking and has extensive experience in providing strategic advice and dealing with investors and corporate management.

"Robert brings a deep understanding of financial strategy, capital markets and business development to BioRestorative. We are delighted to have him as a member of BioRestorative's executive leadership team. His appointment comes at a time of significant company opportunity as we enter our next phase of growth and seek to initiate our clinical trials. His business and financial expertise will be instrumental in helping us to further develop the Company and in communicating with the public markets," said Lance Alstodt, Chief Executive Officer of BioRestorative Therapies.

"I am very pleased to be joining BioRestorative following its restructuring into a debt-free life sciences company and at this exciting stage of its clinical development. The Company is developing promising therapies with the potential to change the lives of patients who have significant unmet medical needs," said Mr. Kristal. "I look forward to helping the Company maximize its strategic and financial objectives, accelerate growth and enhance value for our shareholders."