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BrainCells Inc. Appoints David E. Thompson to Its Board of Directors
Date:12/2/2008

e way drugs are developed to treat neurological conditions," said Thompson. "I look forward to working with the BCI management team and its board as they continue to move product candidates forward."

"Dave is an exceptional addition to our board of directors," commented Dr. Harry Hixson, BrainCells' chairman of the board. "His in-depth experience in business development, licensing and operations will be a great asset to us as we continue to expand our neurogenic platform technology and to explore potential strategic collaborations."

About BCI-540

BCI-540 is in Phase IIa clinical studies for the treatment of depression with anxiety in patients who have not responded to current therapies. It has a mechanism of action distinct from any marketed anti-depressant by acting as a neurogenic agent directly on in vitro human neural stem cells, unlike an SSRI which acts by an indirect mechanism, which may eliminate serotonin associated side effects. BCI-540 was in-licensed from Mitsubishi Pharma (MPC) based on its neurogenic properties and in previous studies was shown to be well tolerated in more than 900 subjects in Phase I and II clinical trials.

About BrainCells Inc.

BrainCells Inc. (BCI) is a San Diego-based drug discovery and development company that is applying its proprietary neurogenesis platform technology to identify and reposition compounds for the treatment of central nervous system (CNS) diseases. Neurogenesis is the process by which endogenous stem cells in the adult human brain produce new brain tissue, including neurons. With its predictive screening platform, BCI can direct the selection and development of neurogenic compounds, increasing the opportunity for successful clinical trials in a variety of CNS indications. For more information, visit http://www.braincellsinc.com.

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