Neuralstem Inc. Reports 2007 Third Quarter Financial Results ...(g awareness of the company and its prosp...),Health

Neuralstem, Inc. announced it has entered into a collaborative agreement with the ALS Clinic at University of Michigan Health System, directed by Dr. Eva Feldman, M.D., Ph.D., the De Jong Professor of Neurology at the UM Medical School. The goal of the collaboration is to provide further proof-of-principle data to move Neuralstem's spinal cord stem cells into patients with Amyotrophic Lateral Sclerosis (ALS), or Lou Gehrig's disease. ALS is a motor neuron disease, which strikes people between the ages of 40 and 70. As many as 30,000 Americans have the disease at any given time.

The Audit Committee of the Board of Directors dismissed Dave Banerjee CPA as its independent registered public accounting firm. Effective October 15, 2007, the Audit Committee engaged Stegman & Company as its independent registered public accounting firm.

On October 26, 2007, the Company agreed to reduce the exercise price of the warrants it issued in connection with the Company's March 2007 offering ("March Offering"). The reduction in the warrant price was negotiated by the Company's placement agent and the participating investors. As a result of the reduction in the exercise price, all 17 investors who participated in the March Offering chose to exercise their warrants. As a result, the Company received gross proceeds of $3,374,250 from the exercise of these warrants

About Neuralstem

Neuralstem's patent-protected technology provides, for the first time, the ability to produce neural stem cells of the human brain and spinal cord in commercial quantities, and the ability to control the differentiation of these cells into mature, physiologically relevant human neurons and glia. The Company expects that its first Investigational New Drug (IND) application will be for the treatment of Ischemic Paraplegia, a form
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