Leases will be classified as financing or operating, which will drive the expense recognition pattern. The Company elects to exclude short-term leases if and when the Company has them. The interest rate implicit in lease contracts is typically not readily determinable. As a result, the Company utilizes its incremental borrowing rate, which reflects the fixed rate at which the Company could 38 For real estate leases, the Company has elected the practical expedient under ASC 842 to account for the lease and n ...

Financial Data and Key Metrics Changes - As of March 31, 2023, the company's cash, cash equivalents, and marketable securities totaled approximately $45.2 million, an increase from approximately $41.4 million on December 31, 2022 [26] - The net cash provided by operating activities for Q1 2023 was approximately $4.2 million, while the net loss for both Q1 2023 and Q1 2022 was approximately $7.8 million [27][28] Business Line Data and Key Metrics Changes - Research and development expenses, excluding stock-based compensation, were approximately $7.2 million in Q1 2023, compared to approximately $4.9 million in Q1 2022 [27] - General and administrative expenses, excluding stock-based compensation, were approximately $1.8 million in Q1 2023, slightly down from approximately $1.9 million in Q1 2022 [27] Market Data and Key Metrics Changes - The company is focused on securing partnerships and non-dilutive funding opportunities to expand its exosome pipeline and support the commercialization of CAP-1002 [6][20] Company Strategy and Development Direction - The company aims to work closely with the FDA to expedite the filing of a Biologics License Application (BLA) for CAP-1002, with plans to present 24-month follow-up data from the HOPE-2 study in Q2 2023 [13][15] - The company has entered into a second agreement with Nippon Shinyaku for the distribution rights to CAP-1002 in Japan, receiving a $12 million upfront payment and potential milestone payments of up to approximately $89 million [20] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism regarding the FDA's attention to CAP-1002 and the potential for the product to benefit patients with Duchenne muscular dystrophy (DMD) [33] - The company believes that combination therapies will be necessary for long-term disease progression management in DMD, positioning CAP-1002 as a complementary treatment alongside gene therapies [19][40] Other Important Information - The company is on track to release GMP CAP-1002 doses in Q3 2023, which is expected to enhance margins and support the early launch of the product [8] - The company is exploring business development and partnering strategies for its exosome platform, which is focused on developing innovative therapeutic applications [24] Q&A Session Summary Question: Are there any additional rate limiting steps regarding CAP-1002 commercialization? - Management stated that there are no known rate limiting steps at this time and expressed encouragement from the FDA's engagement [33] Question: Any updates on the clinical development timeline for the exosome platform? - Management indicated that internal work is ongoing, with encouraging data regarding targeting specific cell types and exploring partnerships and funding opportunities [34] Question: Will the FDA AdComm meeting for DMD gene therapy affect CAP-1002? - Management believes the entire biotechnology industry will be impacted and emphasized the importance of CAP-1002 as a combination therapy for DMD [40] Question: Any updates on European partnerships and Nippon Shinyaku's interest in Europe? - Management confirmed a strong relationship with Nippon Shinyaku and is considering various options for European rights, potentially including Nippon Shinyaku [50] Question: Will the company commercialize any product independently? - Management plans to take CAP-1002 to the door of commercialization before partnering, ensuring the right partner is selected for rapid market entry [51]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended March 31, 2023 ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from to CAPRICOR THERAPEUTICS, INC. (Exact Name Of Registrant As Specified In Its Charter) 10865 Road to the Cure, Suite 150, San Diego, California 92121 (Address of principal executive o ...

groups once patients began treatment in the OLE. CAP-1002 treatment during the OLE portion of the study continues to yield a consistent safety profile and has been well-tolerated throughout the study. ● Exosome-Based Therapeutics and Vaccines (Preclinical): We are focused on developing a precisionengineered exosome platform technology that has the ability to deliver defined sets of effector molecules which exert their effects through defined mechanisms of action. We recently presented new preclinical data o ...

Capricor Therapeutics, Inc. (NASDAQ:CAPR) Q4 2022 Earnings Conference Call March 15, 2023 4:30 PM ET Company Participants AJ Bergmann - CFO Linda Marban - CEO Conference Call Participants Joseph Pantginis - H.C. Wainwright Michael Okunewitch - Maxim Group Aydin Huseynov - Ladenburg Brian Corday - BullBear Partners Operator Good afternoon, and welcome to Capricor Fourth Quarter and Full Year 2022 Financial Results and Corporate Update Call. At this time, all participants are in a listen-only mode. A brief qu ...

Capricor Therapeutics, Inc. (NASDAQ:CAPR) Q3 2022 Results Conference Call November 10, 2022 4:30 PM ET Company Participants AJ Bergmann - CFO Linda Marbán - CEO Conference Call Participants Alan Leong - BioWatch News Aydin Huseynov - Ladenburg Brian Corday - BullBear Partners Operator Good day, ladies and gentlemen, and welcome to the Capricor Therapeutics Incorporated Third Quarter 2022 Earnings Call. Today's conference is being recorded. At this time, I'd like to turn the conference over to Mr. AJ Bergman ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended September 30, 2022 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from to Commission File Number: 001-34058 CAPRICOR THERAPEUTICS, INC. (Exact Name Of Registrant As Specified In Its Charter) Delaware 88-0363465 (State ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended June 30, 2022 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from to Commission File Number: 001-34058 CAPRICOR THERAPEUTICS, INC. (Exact Name Of Registrant As Specified In Its Charter) Delaware 88-0363465 (State or ot ...

Capricor Therapeutics, Inc. (NASDAQ:CAPR) Q2 2022 Earnings Conference Call August 10, 2022 4:30 PM ET Company Participants Anthony Bergmann - CFO Linda Marbán - President and CEO Conference Call Participants Joe Pantginis - H.C. Wainwright Operator Good day and welcome to the Capricor Therapeutics' Second Quarter 2022 Earnings Call. Today's conference is being recorded. At this time, I would like to turn the conference over to Mr. A.J. Bergmann, CFO. Please go ahead, sir. Anthony Bergmann Thank you and good ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended March 31, 2022 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from to Commission File Number: 001-34058 CAPRICOR THERAPEUTICS, INC. (Exact Name Of Registrant As Specified In Its Charter) Delaware 88-0363465 (State or o ...