HOLLISTON, Mass., March 2, 2017 /PRNewswire/ -- Biostage, Inc. (Nasdaq: BSTG), ("Biostage" or the "Company"), a
biotechnology company developing bioengineered organ implants to treat cancers and other life-threatening conditions of the
esophagus, bronchus and trachea, announced today that it will report its financial results for the year ended December 31, 2016 in a press release that will be issued pre-market on Thursday, March
9, 2017. Biostage Management also announced that it will host a conference call with live audio webcast that same day at
9:00 a.m. ET to review its operational progress, expected near-term milestones and financial
report.
![](https://mma.prnewswire.com/media/349802/biostage_corporate_logo_tagline_cmyk_Logo.jpg)
The conference call and live webcast will be accompanied by a slide presentation. To participate in the call, please dial
(877) 407-8293 (domestic) or (201) 689-8349 (international). The live webcast and accompanying slides will be accessible on
Events page of the Investors section on the Company's website at www.biostage.com, and will be archived for 60 days. An audio
webcast will be available for one week following the call can be accessed by dialing (877) 660-6853 (domestic) or (201) 612-7415
(international) with Conference ID #:
13656760.
About Biostage
Biostage is a biotechnology company developing bioengineered organ implants based on the Company's new Cellframe™
technology which combines a proprietary biocompatible scaffold with a patient's own stem cells to create Cellspan™ organ
implants. Cellspan implants are being developed to treat life-threatening conditions of the esophagus, bronchus or trachea with
the hope of dramatically improving the treatment paradigm for patients. Based on its preclinical data, Biostage has selected
life-threatening conditions of the esophagus as the initial clinical application of its technology.
Cellspan implants are currently being advanced and tested in collaborative preclinical studies. Preclinical, large-animal
safety studies, conducted in compliance with the FDA Good Laboratory Practice (GLP) regulations, for the Company's Cellspan
Esophageal Implant product candidate are ongoing, in support of Biostage's goal of filing an Investigational New Drug (IND)
application with the U.S. FDA in the third quarter of 2017. The IND will seek approval to initiate clinical trials for its
esophageal implant product candidate in humans.
For more information, please visit www.biostage.com and
connect with the Company on Twitter and LinkedIn.
Forward-Looking Statements:
Some of the statements in this press release are "forward-looking" and are made pursuant to the safe harbor provision
of the Private Securities Litigation Reform Act of 1995. These "forward-looking" statements in this press release include, but
are not limited to, statements relating to the development expectations and regulatory approval of any of our products, including
those utilizing our Cellframe technology, by the U.S. Food and Drug Administration, the European Medicines Agency or otherwise,
which expectations or approvals may not be achieved or obtained on a timely basis or at all; or success with respect to any
collaborations, clinical trials and other development and commercialization efforts of our products, including those utilizing
our Cellframe technology, which such success may not be achieved or obtained on a timely basis or at all. These statements
involve risks and uncertainties that may cause results to differ materially from the statements set forth in this press release,
including, among other things, our ability to obtain and maintain regulatory approval for our products; plus other factors
described under the heading "Item 1A. Risk Factors" in our Annual Report on Form 10-K for the fiscal year ended December 31, 2015 or described in our other public filings. Our results may also be affected by factors of
which we are not currently aware. The forward-looking statements in this press release speak only as of the date of this press
release. Biostage expressly disclaims any obligation or undertaking to release publicly any updates or revisions to such
statements to reflect any change in its expectations with regard thereto or any changes in the events, conditions or
circumstances on which any such statement is based.
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SOURCE Biostage, Inc.