`Also note that this call is being recorded on Wednesday, August 7th, 2024. I would like to turn the call over to our CFO, AJ Bergmann, for the forward-looking statement. Thank you. Good afternoon, everyone. Before we start, I would like to state that we will be making certain forward-looking statements during today's presentation. These statements may include statements regarding, among other things, the efficacy, safety, and intended utilization of our product candidates, our future R&D plans, including our anticipated conduct and timing of preclinical and clinical studies, our enrollment of patients in our clinical studies, our plans to present or report additional data, our plans regarding regulatory filings, potential regulatory developments involving our product candidates, revenue and reimbursement estimates, manufacturing capabilities, potential milestone payments, our financial position, and our possible uses of existing cash and investment resources. These forward-looking statements are based on current information, assumptions, and expectations that are subject to change and involve a number of risks and uncertainties that may cause the actual results to differ materially from those contained in the forward-looking statements. These and other risks are described in our periodic filings made with the SEC, including our quarterly and annual reports. You are cautioned not to place undue reliance on these forward-looking statements, and we disclaim any obligation to update such statements. With that, I'll turn the call over to Linda Marbán, CEO. Thanks, AJ. Good afternoon, and thank you for joining today's second quarter conference call. Now, over halfway through 2024, Capricor continues to make significant progress on bringing our lead asset, deramiocel, which was previously referred to as CAP-1002, closer to the submission of a biologics license application or BLA, for the treatment of Duchenne muscular dystrophy, as well as developing our pipeline of exosome products for clinical development. Our published results in two independently conducted clinical trials and the recent long-term open label extension results, we believe are some of the strongest data seen in the space. As deramiocel addresses the inflammation and fibrosis caused by the cell death due to the lack of dystrophin, which typically protects muscle cells from damage, we can believe it can serve as a potential backbone therapy for all boys and young men afflicted with DMD, with the product's ability to significantly slow disease progression from both a skeletal and cardiac standpoint. Additionally, as the KOLs across the DMD field have continued to message, DMD will require a multi-drug paradigm to address all of the pathological consequences of this disease. I want to remind everyone that as deramiocel moves towards potential approval and commercialization, our United States distribution agreement with Nippon Shinyaku provides for approximately $700 million in potential developmental and sales milestones that may become due to Capricor. Which would enable us to invest in our commercial launch and give us the resources to strategically expand our focus to other diseases of inflammation and fibrosis. In fact, we are preparing to discuss opportunities to potentially expand deramiocel into Becker muscular dystrophy with the FDA later this year. We believe in deramiocel's potential to become a transformational treatment for DMD and beyond, and we are positioning Capricor to become a world-class commercial in R&D operation with a robust pipeline of opportunities for growth, including the expansion of our StealthX exosome-based platform. My goal is to position the organization to deliver for that transformation, and I continue to be proud of the progress that we have made to date. Now, I'd like to take a moment to update you on our recent three-year HOPE-2 Open Label Extension, or OLE, study results, which were presented at this year's PPMD annual meeting. Treated subjects showed a statistically significant benefit with a P-value of 0.001 and an improvement in 3.7 PUL points on the PUL 2.0 when compared to an external comparator data set of similar DMD patients. This translates into an approximate 50% delay in disease progression in treated patients versus the external comparator. Excuse me. Data also showed improvements in multiple cardiac measures, including left ventricular ejection fraction, as well as indexed left ventricular and left ventricular end-systolic volume and end-diastolic volume. These are measures of cardiac function and are considered highly relevant in terms of predicting long-term outcomes. In addition, greater improvements in cardiac function were observed in those patients that had ejection fractions greater than 45% at the beginning of the HOPE-2 randomized clinical trial. Currently, as you know, there are no approved treatments specifically for DMD cardiomyopathy. Our HOPE-2 Open Label Extension study continues to show a favorable safety profile, and we believe these three-year results continue to underscore the potential long-term and consistent benefits of deramiocel for the treatment of DMD. Based on the favorable data from our clinical trials, I want to reiterate that our primary goal is to file a BLA as soon as possible, and we are actively working with FDA to accomplish that goal. deramiocel is the only therapeutic, to our knowledge, that has shown statistically significant improvements in cardiac function and DMD-associated cardiomyopathy, which is the leading cause of death for those with DMD. FDA is aware of the strength of Capricor's cardiac data and may allow for its inclusion in the label for deramiocel, which FDA acknowledges as important to the DMD patient community. We have just met with FDA in a very positive pre-BLA meeting, and while we are waiting final minutes from the meeting, I can share that we are discussing alternative paths to our BLA filing. One pathway would be filing our BLA with currently available data from the HOPE-2 and the HOPE-2 OLE studies to support an accelerated approval pathway with confirmatory data to be provided at a later date. Another option is a traditional full approval. We are pleased to announce FDA's acceptance of our rolling BLA submission, and based on that, Capricor intends to initiate the filing of our BLA shortly. On the CMC front, as we reported last quarter, our San Diego manufacturing facility is fully operational and actively preparing for commercial runs necessary for the filing. Additionally, we have accelerated the pace of our preparations for commercial market entry. Our partner, Nippon Shinyaku, is focused on their role in getting deramiocel ready for launch. We and they expect rapid adoption of deramiocel by payers and patients with DMD. We are actively engaged with them to ensure a smooth and successful launch. Capricor is focused on the areas of preparation for market access, reimbursement, as well as opportunities for expanded label usage. Now, for an update on our exosomes program. While our primary focus is on advancing deramiocel, we are committed to our StealthX exosome platform technology as part of our next-generation drug delivery platform. We have been planning for the success of deramiocel for several years, and to that end, have built a pipeline of engineered exosome products based on our foundational cell therapy experience. The goal has been to take advantage of our experience with scaling up and out cell therapies, as well as to continue to refine cell-based products such as exosomes. In terms of their ability to be quantified based on mechanism of action, as well as targeting them for more strategic treatment paradigms. Our exosome platform focuses on the use of our proprietary StealthX technology to develop therapeutics by harnessing exosomes as delivery vehicles. This program requires the loading of specific cargos into the exosomes and then attaching targeting moieties on the outside of the exosome to direct it where to go. We are currently ramping up our business development efforts with our exosome platform technology as we continue to develop the therapeutic opportunities of the platform. Regarding our vaccine candidate, we are actively collaborating with the United States government's Project NextGen, which aims to test vaccine candidates for COVID-19 prevention and also to prepare for future pandemics. Currently, our vaccine candidate is in the manufacturing phase, with plans to deliver to the National Institute of Allergy and Infectious Diseases by the end of 2024. Then NIAID will then conduct and fully fund a phase I clinical trial. On the therapeutic front, we have recently made notable advancements with our exosome platform, which is in preclinical development. We presented data at the International Society for Cell and Gene Therapy in Vancouver, where we were selected for an oral presentation. Our preclinical data highlighted an exosome-based approach for targeted delivery to skeletal muscle in the mouse lower limb. Subsequently, our research demonstrated that using an in-house developed proprietary exogenous loading technique, we could not only target exosomes to muscle cells, but also deliver antisense oligonucleotides, one of our payloads, with exosomes carrying a muscle-targeting moiety. This work was featured in a poster presentation at the International Society for Extracellular Vesicles in Melbourne, Australia. The data from both conferences strongly suggest that exosomes with targeting moieties can direct delivery to skeletal muscle and the mouse lower limb, presenting potential for targeted delivery applications, including the treatment of Duchenne muscular dystrophy. Combined with earlier data on arginase-1 deficiency, which is being developed as a potential enzyme replacement therapy, these findings reinforce the potential of our platform. We believe there are significant opportunities for broad applications, and our data from our StealthX program continues to support this belief. Now, I would like to take a few moments to provide our current corporate updates and priorities as we progress through 2024. Based on our significant progress over the last quarter and now a potential expedited path to BLA, this clarity gives us confidence that we are well positioned to bring additional capital into Capricor to strengthen our balance sheet and extend our cash runway. While there are various ways to accomplish this goal, our primary mission is to secure capital in the best interest of our shareholders. Therefore, we are pursuing multiple different business opportunities, business development opportunities, and we are in active discussions with several parties looking to potentially distribute deramiocel in Europe for the treatment of DMD. We have been judicious with respect to partnering for the rights in the EMA., as we knew the asset would garner greater value as we progressed through clinical developments and achieved clarity with FDA. I am very pleased to inform you that we are in late-stage discussions for these rights, and we will share updates as they become available. We believe that deramiocel is a highly valuable asset in the E.U., as well as other regions around the world, and our partnering efforts remain focused on securing these relationships. Additionally, our U.S. agreement with Nippon Shinyaku, as I mentioned a moment ago, has approximately $700 million in potential milestone payments payable to Capricor, $90 million of which is up to the time of approval and are triggered upon certain regulatory-based achievements, some of them to be expected in the near term. We believe that we can achieve these milestones as they will continue to support our balance sheet and further extend our cash runway. Furthermore, if we receive approval for deramiocel, we will be eligible to receive a priority review voucher, a PRV, based on our pediatric disease designation, to which we retain full rights. And finally, we were pleased to announce earlier this quarter to be added to the Russell 2000 and Russell 3000 indices, which should bring added visibility to our company as we continue to remain focused on bringing more institutional buy and sell side support to our story. In conclusion, this has been an extraordinary year for Capricor thus far. We have made significant strides in our regulatory pathway, getting closer to potential approval with each FDA meeting. Patients and families are fully supportive of our efforts and see the lasting power of deramiocel in helping those with DMD to feel and function better. We have built, equipped, and are now producing doses from our manufacturing facility in San Diego for a fraction of the cost of other biotechnology companies. We have some of the strongest and most consistent data in terms of efficacy and safety in the DMD community, with the HOPE-2 and the HOPE-2 open label extension datasets. We have a strong pipeline in our engineered exosome technology, supported by StealthX. Capricor's goal is to continue to meet its milestones and deliverables as we have set forth, as we continue to focus our efforts on bringing deramiocel towards potential commercialization and are investing judiciously across the organization to prepare for that endeavor. Over the next several months, we will be presenting at various medical, scientific, and investor-related conferences, details of which will be shared as they become available. And of course, finally, I want to thank the patients, their families, and all of their, our investors for their continued support. Later this quarter, we plan to announce further details from our pre-BLA meeting, at which time we will be able to articulate more formal guidance on the upcoming pivotal milestones of our DMD program. I will now turn the call over to AJ to run through our financials. Thanks, Linda. This afternoon's press release provided a summary of our second quarter 2024 financials on a GAAP basis. You may also refer to our quarterly report on Form 10-Q, which we expect to become available shortly and will be accessible on the SEC website as well as the financial section of our website. Let me start with our cash position. As of June 30, 2024, the company's cash, cash equivalents, and marketable securities totaled approximately $29.5 million, compared to approximately $39.5 million on December 31st, 2023. Based on our current operating plan and projections, the company's cash runway is expected to be sufficient to support operations into the first quarter of 2025. This expectation excludes any potential additional milestone payments under our commercialization and distribution agreements with Nippon Shinyaku. Turning now to the financials. Revenue for the second quarter of 2024 was approximately $4 million, compared with approximately $3.9 million for the second quarter of 2023. The source of revenue is the ratable recognition of the $40 million we've received from our U.S. exclusive commercialization and distribution agreement with Nippon Shinyaku. Moving to our operating expenses for the second quarter of 2024, excluding stock-based compensation, our R&D expense was approximately $11.7 million, compared to approximately $8.4 million in Q2 2023. The increase in expenses of $3.3 million was primarily due to increased clinical and manufacturing costs associated with our Duchenne muscular dystrophy program. Again, excluding stock-based compensation, our general and administrative expense was approximately $1.8 million in Q2 2024 and approximately $1.7 million in Q2 2023. Net loss for the second quarter 2024 was approximately $11 million, compared to a net loss of approximately $7.4 million for the second quarter of 2023. Net loss for the first half of 2024 was approximately $20.8 million, compared to a net loss of approximately $15.1 million for the first half of 2023. We will now open the line up for questions. Thank you. Ladies and gentlemen, if you do have a question, please press star followed by one on your touchtone phone. You will then hear a prompt that your hand has been raised, and if you wish to withdraw from the polling question. Please press star followed by two. And if you're using a speakerphone, we do ask that you please lift the handset before pressing any keys. Please go ahead and press star one now, if you do have a question. And your first question will be from Joseph Pantginis at H.C. Wainwright. Please go ahead. Hi, good afternoon, Linda and AJ, and thanks for taking the questions. Two questions, if you don't mind. So Linda, in your prepared comments, you're talking about you just met with the FDA, and it sounds like the key aspects were, you know, deciding on the two alternate paths for filing. I guess I wanted to get the latest update, and of course, I know this is before you get the minutes, is, you know, to what extent did the cardiovascular play into this latest meeting? And what do you consider the key outstanding questions or issues still? Yeah, Joe, thank you, and thank you for the support over these many years. I really think we're going to get this across the line, and I'm super excited. The cardiovascular aspect of the program is finally getting the attention that it deserves from the FDA. I think it's really due to the combination of efforts of the KOLs and the Duchenne advocacy community that have highlighted that this is the number one cause of death in these boys and young men. And yet, frankly, all the therapies that are available to them are ones that might go to, you know, some person who has adult-based cardiac disease, the kind of joke, you know, something your grandma might get. This would be the first therapeutic to treat the cardiomyopathy associated with Duchenne muscular dystrophy, which pathogenesis is extraordinarily different from others. So yes, it has become a key focus of the program. They are willing to consider deramiocel as part of the label for cardiac. They are also, at least in writing, thus far, willing to consider expanding the label to all patients diagnosed with Duchenne muscular dystrophy. And so we're really excited to see the results of these minutes and continue to push this towards BLA very quickly. That's very helpful. Thanks. And if I could just switch swiftly, excuse me, to the exosomes program. Obviously, it's a platform that has a broad-reaching capabilities. So you mentioned your BD efforts. I guess, how would you describe sort of the proportion of, say, inbound versus outbound, you know, reaching with regard to BD? Yeah. So, you know, the exosome program is really coming to light. I think you know, and, and others that follow our story know that my goal is to launch deramiocel, and expand that into other indications as appropriate. But because of our long experience with cell therapy and making cells and using cells, expanding into an exosome-based program was critical. The first thing that we had to do was make sure that we could make exosomes in large numbers easily and relatively cheaply because their main competitor would be a lipid nanoparticle. Now, exosomes are way better than lipid nanoparticles because you can target them and load them, and so there's a lot more opportunities, plus they're very safe and not clogging up your liver. So that was our first goal. We achieved that. I know people thought we were quiet for a long time. Now that we're getting out and about with some of these opportunities, including potentially loading, for instance, a Duchenne-based antisense and exon skipper into the exosome, targeting it to skeletal muscle using our targeting moiety, this becomes now a very tangible product. And so, yes, we have more incoming interest than we've had before. We're also planning in 2025, a pretty extensive business development, external reaching effort. Thank you very much for the color, Linda. Absolutely, Joe. Look forward to seeing you soon. Thank you. Next question will be from Leland Gershell at Oppenheimer. Please go ahead. Yeah. Hi, thanks for taking the questions. Just looking to get some clarity on, on the timelines here. Linda, you mentioned the, you know, pre-BLA meeting and, plans that, will be coming up around, the data and, and thereafter. Wanted to understand, you know, have you begun any aspects of the rolling submission? If not, when do you expect to begin that? And how long after the, the top-line data from the HOPE-3 study would you expect to complete the rolling BLA submission? Yeah. So our current plan is to begin submitting in the rolling BLA within the next 60 days. FDA has seen our timelines and have approved it as part of our communication plan in our most recent meeting. Should the HOPE-3 data be necessary for the BLA, we would anticipate that the submission would be substantially complete at the end of the first quarter. We are also exploring, however, with the agency, the opportunity to complete the file without the HOPE-3 data, and then that would obviously accelerate submission to the end of 2024. Okay, thank you. And then a question on the ex-U.S. potential partnership. You know, wondering if there's any, you know, based on where you may be in your discussions, if you can make any comment as to the view of having one or more partnerships in place by year-end, just sort of want to understand kind of what the evolution of those discussions are like at this time frame. Yeah, our goal is to finalize those conversations before the end of this year. You know, as I said, you know, and I know people have sort of wondered, you know, we've been talking to E.U. partners for a while. The clarity with FDA has been critical and also beginning conversations with regulatory authorities and consultants in Europe, we now have a much cleaner picture of what it's going to take to get it across the line there. We think it's going to be actually much easier than we originally anticipated. Our partners think so also. So the goal would be to close these deals, a deal, before the end of this calendar year to strengthen the balance sheet and to support the approval and expansion for deramiocel. Thank you. Yeah. Great talking to you always, Leland. Thank you. Next question will be from Aydin Huseynov at Ladenburg. Please go ahead. Hi, good afternoon, everyone. Congrats with the progress with the positive FDA meeting, advanced the discussions and final INN name for deramiocel. So I have a couple of questions regarding the FDA meeting. So you mentioned that you had some discussions about expansion of the indication, and I was just curious to see if there's any preliminary feedback or reaction of FDA to potential Becker dystrophy expansion and any thoughts that they have in a hypothetical BMD trial design. Yeah, Aydin, you know, thank you so much for the questions. I know you've been really a big supporter of us expanding into BMD for a while, so thank you for that guidance. We have mentioned it as part of our conversations with FDA. Obviously, it hasn't been a main focus on the meeting. The really exciting part for us right now is that as FDA is beginning to understand the impact of cardiomyopathies in these muscular dystrophies, it really gives us a window into how we can move forward and, for instance, Becker, where the cardiomyopathy is also the leading cause of death. We haven't really talked about trial design yet because I want to get through this stage with FDA, see where it comes down in cardiac implications, and then strategically build a program. We plan to meet with FDA on BMD before the end of the year, so that we can get their guidance, and we're putting together sort of our KOL panels and plans, as we speak. So yeah, this is a great opportunity, obviously, for the therapy, but also for the patients with Becker's. Understood. Thank you. This is helpful. And for potential DMD label for deramiocel, how we should think about the FDA label? Do you think it would be pretty broad label that would include, you know, DMD patients similar to the ones you recruited in the HOPE-2 and HOPE-3 trial? Or do you think the FDA may sort of specify patients with cardiomyopathy only? And how do you think the FDA will approach this? Yeah. So the cardiomyopathy is going to be an and/or, right? So that's how we've positioned it. I think that's how the label will read. You know, it'll be for those with skeletal muscle and cardiomyopathy, or, you know, or skeletal muscle or cardiomyopathy, because as you know, and has been well published, the disease does not progress similarly, both in cardiac and skeletal muscle. So some kid might have a bad heart and good skeletal muscle, or vice versa. So we will be an opportunity for stabilization of disease, both in skeletal and cardiac. In terms of labeling, our goal is all those diagnosed with Duchenne muscular dystrophy. Our preliminary feedback from FDA suggests that they are open to that opportunity, and we will certainly push that as hard as we can. Certainly, the precedent that has been set by, you know, some of the others that have gotten approval in the space with very broad labels gives us a door open into that opportunity as well, which could double our market opportunity at launch. Right. Right. Makes sense. Makes sense. And regarding the sort of advanced discussions regarding partnerships in Europe, so would you like to pursue a partnership deal before the top-line readout in the fourth quarter, 2024, or after the readout? So this is purely economic question. Is it cash now or more cash later? Well, you know, it's, you know, an interesting question. We're talking to partners right now. We feel that the offers that are coming our way are reasonable and appropriate, almost assuming approval of the BLA. So, you know, Europe has another regulatory structure. We're very confident now, based on some of our conversations with authorities over there, that we will meet their criteria, either with small clinical trial or no clinical trial. We're not sure yet. So, I guess, you know, the short answer to your question is we'll close the deal when we think we've reached the best economics to support our balance sheet, to drive the company forward, and also to give credit to the asset as it is, too. Got it. And the last question I have is regarding the potential milestones from Nippon Shinyaku. So we know there's $90 million waiting up until BLA approval, but should we expect anything due before the FDA approval? Should we expect anything based on the top-line readout at the end of this year? As you know, we're not able to disclose the actual cadence of the milestone payments. We've built them into our personal balance sheet estimations. So, you know, we're aware of those milestones coming in, and that's really all I can say right now. There is $90 million coming up to and including approval of the BLA. Got it. Understood. All right. Thank you so much, you know, for taking questions, and congrats for the progress. Thank you. I look forward to seeing you soon. Thank you. Ladies and gentlemen, as a reminder, if you would like to ask a question, please press star followed by one on your touchtone phone. And your next question will be from Kristin Kluska at Cantor. Please go ahead. Hello, this is Rick Miller on for Kristin. Thanks for taking our questions. We've got two for you here. What are you hearing from physicians and caregivers about the potential for non-ambulant DMD patients now receiving gene therapy on an accelerated basis? How confident is the space in this, especially as it relates to these cardiac issues that you were talking about? Yeah, really great question. So, yeah, and I mean, everybody is laser-focused on the implications of gene therapy for the non-ambulants and whether, A, it will actually work. You know, are you knocking on a closed door, dead muscle is a dead muscle, or are you going to really, you know, preserve what's there? And I certainly hope for those guys with DMD, it preserves what's there. We actually presented to FDA a comparison of deramiocel and Elevidys and its pathogenesis or delay in the pathogenesis of the disease. And we were able to show that deramiocel performs at least as well as gene therapy in year one and better than gene therapy in year two when compared with non-ambulant patients. The cardiomyopathy becomes a real problem with post-gene therapy patients for multiple reasons. One, physicians are concerned about potential inflammatory processes as part of the gene therapy, and could that have negative implications on the heart? Two, if these guys are more active, is that going to put more strain on their hearts, and will their hearts fail faster? And three, there seems to be, you know, sort of a correlation between gene therapy and, and somewhat worsening of the cardiomyopathy. So I think this is a great opportunity for deramiocel. We have shown pre-clinically that there is no negative impact of deramiocel treatment in conjunction with microdystrophin treatment, and so we believe that they'll be great partners together. Let the gene therapy restore the muscle and let deramiocel protect it. Okay, maybe just one more question then from us. Switching to Becker, can you help us kind of frame the cardiomyopathy opportunity that you're thinking about here? I think sometimes the field thinks sort of naively about Becker as being a less severe form of DMD. So how does the kind of cardiac burden in Becker break down as it relates to DMD? Is it sort of more proportional or more severe? Thoughts there. Yeah, great question, and certainly one that the KOLs in the cardiology space are laser focusing on. According to some of the key opinion leaders that we've talked to, we participate actively in PPMD's cardiomyopathy meetings, which they hold once a year for both Becker and Duchenne. You know, the Becker cardiomyopathy actually begins at about age 14, not so unsimilar or dissimilar to the Duchenne muscular dystrophy cardiomyopathy. The progression of skeletal muscle myopathy is slower. These guys end up with a pretty severe cardiomyopathy heart failure paradigm, and most of them die, you know, 40s and 50s as a result of the heart disease. I think now that the whole field is becoming more aware of the, you know, cardiac dysfunction as, as a mediator of potential death, it'll open the door, as I mentioned in a question earlier, to treating the cardiomyopathy associated with Becker. And yes, you know, while it's less severe in terms of, you know, dying at 20 versus dying at 50, nobody wants to die at 50 either. So, let's keep those guys going, too. Okay. Thank you so much. Thank you so much. Thank you. At this time, I would like to turn the call back over to Capricor Management for final thoughts. Thank you very much for attending our earnings call today, and thank you for your thoughtful questions. I look forward to updating all of you on our programs as we continue through 2024. Have a nice evening, and we'll talk to you soon. Thank you. Ladies and gentlemen, this does indeed conclude your conference call for today. Once again, thank you for attending.