Welcome to the Lisata Therapeutics third quarter 2022 financial results and business update conference call. Currently, all participants are in a listen-only mode. Following the management's prepared remarks, we will hold a Q&A session. To ask a question at that time, please press star one one on your telephone. You will then hear an automated message advising you that your hand is raised. As a reminder, this call is being recorded today, Thursday, November 10, 2022. I will now turn the call over to John Menditto, Vice President of Investor Relations and Corporate Communications at Lisata. Please go ahead, sir. Thank you, operator, and good afternoon, everyone. Welcome to Lisata Therapeutics' third quarter 2022 conference call to discuss our financial results and provide a business update. Joining me today from our management team are Dr. David Mazzo, Chief Executive Officer, David Slack, President and Chief Business Officer, Dr. Kristen Buck, Executive Vice President of Research and Development and Chief Medical Officer, and James Nisco, Vice President of Finance and Treasury. Shortly before this call, we issued a press release announcing our third quarter 2022 financial results, which is available under the Investors and News section of the company website, along with the webcast replay of this call. If you have not received the news release or if you'd like to be added to the company's email distribution list, please email me at jmenditto@lisata.com. Before we begin, I remind you that comments made by management during this conference call contain forward-looking statements that involve risks and uncertainties regarding the future operations and results of Lisata Therapeutics. I encourage you to review the company's filings with the Securities and Exchange Commission, including without limitation its forms 10-Q, 8-K, and 10-K, which identify specific risk factors that may cause actual results or events to differ materially from those described in the forward-looking statements. Furthermore, the content of this conference call contains time-sensitive information that is accurate only as of the date of the live broadcast, Thursday, November tenth, two thousand twenty-two. Lisata Therapeutics undertakes no obligation to revise or update any statements to reflect events or circumstances after the date of this conference call. With that, I will now turn the call over to Dr. Mazzo. Dave? Thank you, John, and good afternoon, everyone. It gives me great pleasure today to host this, our first quarterly conference call as Lisata Therapeutics, where we will provide an overview of recent business highlights and discuss our third quarter 2022 financial results. At Lisata, we strive to create value for our shareholders and for our stakeholders, the patients who suffer from the debilitating and often grave diseases that we have targeted, and the physicians who treat them by developing and commercializing products that address important unmet medical needs. Our portfolio of product candidates contains treatments in development that are designed to be regenerative and/or to bring significant therapeutic improvement. As a development company, our focus is on the generation of meaningful data by the most expeditious and cost-effective means, as evidenced by the fact that even though our merger with Cend Therapeutics occurred approximately six weeks ago. We are in a position today to report tangible progress advancing LSTA1, as we call it internally, the company's lead investigational product candidate from our proprietary CendR platform. LSTA1 is the subject of multiple planned and ongoing clinical trials being conducted globally in a variety of solid tumor types and in combination with several chemotherapy and immunotherapy anticancer regimens. Based on favorable safety, tolerability, and activity data to date, we believe LSTA1 has the potential to become an integral part of a revised standard of care therapy for many difficult-to-treat cancers. In the past few weeks, we have received advice from the U.S. Food and Drug Administration on what would be required of us for registration. We have discussed this guidance with our development partners, and we are now preparing for the implementation of protocol changes that we expect will improve the regulatory standing and scientific value of our studies. Our Chief Medical Officer, Dr. Buck, will provide more specifics on our clinical program shortly following our review of the quarter's financial results. However, before getting into that, allow me to introduce Lisata's President and Chief Business Officer, David Slack. David is a seasoned industry executive with over 25 years of experience in public and private life science companies working in a variety of senior business roles. We believe that his experience and expertise will prove instrumental to Lisata as we work to expand the applicability of LSTA1 and the CendR platform programs to other solid tumor targets, treatment combinations, and corporate partnerships. With that, I'll turn the call over to David. Oh, and by the way, in order to avoid confusion internally, we've adopted the convention of referring to David as David and to me as Dave. David? Thanks, Dave. It's great to be a part of today's call. It was a real pleasure working with the teams at Cend and Caladrius during the merger, and now to be a part of the combined team at Lisata. What excited us at Cend the most about this merger was the expertise and experience of the team that was already in place at Caladrius, stewarded by Dave Mazzo's leadership, and the shared enthusiasm and focus to advance and develop LSTA1 and to broaden the applications of the CendR platform. We believe that Lisata has the potential to revolutionize the treatment of cancer. I'm pleased to be a part of such a talented and dedicated team with a goal to not only create value for shareholders, but most importantly, to bring innovative treatments to patients in need. With that, I now will turn over the call to James Nisco, our VP of Finance and Treasury, to review and provide commentary on our third quarter 2022 financial results. James. Thanks, David. Good afternoon, all. I'm pleased to join to present a summary of our third quarter 2022 financial results. Starting with operating expenses. Research and development expenses were approximately $3.4 million for the three months ended September thirtieth, 2022, compared to $4.1 million for the three months ended September thirtieth, 2021. Representing a decrease of $0.7 million or 18.1%. This was primarily due to a decrease in expenses associated with our XOWNA phase II-B study, the FREEDOM trial, as a result of the suspension of enrollment in the second quarter of 2022, and study closeout activities in the third quarter of 2022. A decrease in expenses associated with HONEDRA in Japan related to study partially offset by the addition of chemistry, manufacturing, and controls, also known as CMC, activities for LSTA1 and enrollment activities for Australasian Gastro-Intestinal Trials Group, also known as AGITG, ASCEND study. Research and development in both periods related to expenses associated with our XOWNA phase II-B study, the FREEDOM Trial. Expenses associated with registration-eligible study for HONEDRA in critical limb ischemia in Japan, as well as corresponding regulatory discussions and support expenses. Expenses associated with the preparation of our filing of an investigational new drug application, as well as study execution expenses for the clinical study of LSTA201 for treatment of diabetic kidney disease, a phase I-B open-label proof of concept trial which includes six subjects in total. Expenses associated with the additional CMC activities for LSTA1, enrollment activities for the LSTA1 phase II-B ASCEND study, and preparatory activities associated with the design of a planned LSTA1 proof-of-concept trial in various solid tumors, and in combination with the corresponding standards of care. General and administrative expenses, which focus on general corporate-related activities, were $3.9 million for the three months ended September 30, 2022, compared to $2.8 million for the three months ended September 30, 2022, representing an increase of 39%. This increase was primarily due to an increase in equity expense as a result of performance stock unit vesting, one-time merger option assumption expense, and departing board member restricted stock unit vesting, in addition to an increase in expenses associated with our annual stockholder meeting and merger. Net losses were $37.4 million for the three months ended September 30, 2022, compared to $6.9 million for the three months ended September 30, 2022. Turning now to our balance sheet and cash flow. As of September 30, 2022, the company had cash equivalents, and marketable securities of approximately $75.5 million. That completes the financial overview. I will now turn the call over to our chief medical officer, Dr. Kristen Buck, for the review of our clinical development pipeline. Kristen. Thank you, James, and good afternoon, everyone. I will begin by providing a high-level summary of what we are doing at Lisata and why we believe our development programs are an increasingly relevant and attractive investment opportunity today. Before that, though, I'd like to reiterate our motivation to translate our expertise and unique scientific approach into clinical trials which could lead to treatments for patients most in need. Lisata's pipeline is built on a portfolio of proprietary and patented technology that is grounded in strong scientific rationale to identify and treat patients most likely to respond to our targeted therapies. We appreciate the critical importance of generating meaningful clinical data to validate our platform technologies and create shareholder value, and our entire team is focused on accomplishing this quickly, cost-effectively, yet rigorously. With that, I will now provide a summary and status update for each of Lisata's clinical development programs, kicking off with our lead product candidate, LSTA1, for the treatment of advanced solid tumors in combination with other anti-cancer agents. Despite advances in cancer therapy today, many solid tumors remain difficult to treat. Many solid tumors, including pancreatic cancer, gastric cancer, and other solid tumors are surrounded by dense fibrotic tissue known as stroma that limits the efficacy of current chemotherapies for the treatment of a variety of advanced solid tumors. Many tumors also exhibit an immunosuppressive tumor microenvironment, or TME, which suppresses a patient's immune system's ability to fight the cancer and therefore can limit effectiveness of current therapies. These factors negatively impact the ability of many cytotoxic agents and immunotherapies to effectively treat these cancers. To address the tumor stroma's role as a primary impediment to effective treatment, Lisata's approach is to activate the CendR natural transport system that normally brings nutrients into a tissue under emergency situations such as an injury. Tumors hijack this system to promote their growth. Lisata's lead candidate, LSTA1, formerly known as CEND-1, is an investigational drug that actuates the CendR active transport mechanism while also having the potential to modify the tumor microenvironment and make it less immunosuppressive. LSTA1 targets the tumor vasculature by its affinity for alpha-v, beta-3, and beta-5 integrins that are selectively expressed in tumor vasculature but not healthy tissue. LSTA1 is a specific cyclic internalizing RGD peptide that once bound to these integrins is cleaved by proteases expressed in tumors to release a peptide fragment called a CendR fragment, which then binds to a second receptor called neuropilin-1 to activate a novel uptake pathway that allows anti-cancer drugs to more selectively penetrate solid tumors. The ability of LSTA1 to modify the tumor microenvironment to enhance delivery and efficacy of co-administered drugs has been demonstrated in a range of preclinical solid tumor models. These results come internally from Lisata and from collaborators and research groups around the world and have been the subject of over 200 scientific publications. Along with our collaborators, we have amassed significant non-clinical data demonstrating enhanced delivery of a range of emerging anti-cancer therapies, including immunotherapies and RNA-based therapeutics. Clinically, LSTA1 has demonstrated favorable safety, tolerability, and activity in clinical trials to enhance delivery of standard of care chemotherapy for pancreatic cancer. We are exploring the potential of LSTA1 to enable a variety of treatment modalities to treat a range of solid tumors more effectively. Currently, LSTA1 is the subject of a phase 1b2a and 2b clinical studies being conducted globally in various solid tumors. These include metastatic pancreatic ductal adenocarcinoma, colorectal cancer, and appendiceal cancers in combination with a variety of anti-cancer regimens. Additionally, the evaluation of LSTA1 administered in combination with corresponding standards of care in advanced solid tumors in a phase II placebo-controlled basket trial is planned to initiate in the first half of 2023. As Dave Mazzo mentioned earlier, the FDA provided us with guidance on the requirements for a pathway to registration in the U.S. for LSTA1 in metastatic pancreatic ductal adenocarcinoma, or as we refer to it as MPDAC. We have subsequently shared this feedback with our global partners and are now finalizing development programs and individual study protocol modifications to address FDA's recommendation. Turning now to LSTA12, or HONEDRA in Japan, our product candidate for the treatment of critical limb ischemia, or CLI, and Buerger's disease. HONEDRA was awarded a Sakigake designation from the Japanese regulatory authorities for the treatment of CLI and Buerger's disease, which is an orphan-designated subset of CLI. The Sakigake designation is akin to a Regenerative Medicine Advanced Therapy designation or an RMAT designation in the United States. Sakigake designation affords the recipient prioritized regulatory consultation, a dedicated review system for product development and review processes by the country's approval and registration commission, as well as a reduced review time of 6 months to the registration application filed. Additionally, under Japan's regenerative medicine legislation, products such as HONEDRA are eligible for early conditional approval and possibly full approval in Japan based on the assessment of the data from the trial or trials designed in direct collaboration with the Pharmaceuticals and Medical Devices Agency, or PMDA. Note that conditional approval of a regenerative medicine product only requires the demonstration of a trend toward therapeutic effect together with acceptable safety. Further, the Sakigake designation is a highly sought regulatory classification in Japan, and we hope that this, coupled with positively trending data from our trial, will make HONEDRA an attractive product for partnering to a Japanese pharmaceutical company. Data from the follow-up of all patients treated in the company's registration-eligible study of HONEDRA in Japan for the treatment of CLI and Buerger's disease are consistent with our expectations of therapeutic effect and safety based on previously published clinical trials data generated in Japan and the United States. These data have been compiled and are the subject of discussions with the PMDA as part of the Japanese regulatory pre-consultation process and in preparation for the formal consultation meetings, which precede the Japanese new drug application. If successful in the pre-consultation process, Lisata expects formal clinical consultation to occur by mid-year 2023. Concomitantly, the company continues its efforts to secure a Japanese partner to complete the remaining steps to produce registration in Japan. Moving on to XOWNA or LSTA16 for the treatment of coronary microvascular dysfunction or CMD. Coronary microvascular dysfunction is a disease that continues to be underdiagnosed and potentially afflicts millions annually, a vast majority of whom are female with no current treatment options. In May of 2020, Caladrius announced the full data results from the phase II-A ESCaPE-CMD trial, showing a highly statistically significant improvement in coronary flow reserve correlating with symptom relief for patients with CMD after a single intracoronary injection of XOWNA. Subsequently, the company initiated a rigorous phase II clinical trial known as the FREEDOM trial, which to our knowledge is the first controlled regenerative medicine trial in CMD in the United States. The FREEDOM trial was a double-blind, randomized, placebo-controlled trial designed to corroborate the results of the ESCaPE-CMD trial while assessing the efficacy and safety of delivering autologous CD34 cells, our XOWNA product, to subjects with CMD and without obstructive coronary artery disease. Unfortunately, as previously reported, the COVID-19 pandemic in the United States had both a direct and indirect impact on FREEDOM, which made enrollment much slower than originally predicted and challenging to accelerate. As a result, the company suspended trial enrollment and conducted an interim analysis of the data. Following this analysis, and along with key opinion leaders' input, the company determined that execution of a redesigned FREEDOM-like trial would be the appropriate next step, but the cost of such a trial would be prohibitively expensive to undergo without a strategic partner. Thus, XOWNA development will only be continued if a strategic partner that can contribute the necessary capital for future development is identified and secured. Lastly, LSTA201 for the treatment of diabetic kidney disease or DKD. The company initiated a phase I-B open label proof of concept trial evaluating LSTA201, a CD34-positive regenerative cell therapy investigational product for intra-renal artery administration in patients with diabetic kidney disease. This development program focuses on patients that exhibit rapidly progressing stage 3b or 4 disease. The scientific rationale for the program is based on the association of progressive kidney disease with attrition of the microcirculation of the kidney. Preclinical studies in kidney disease and injury models have demonstrated that protection or replenishment of the microcirculation results in improved kidney function. Our proof of concept protocol provided for a staggered, sequentially dosed cohort of six patients overseen by an independent data safety monitoring board with the objective of determining the tolerance of intra-renal cell therapy injection in diabetic kidney disease patients, as well as the ability of LSTA201 to regenerate kidney function. A key readout of data will occur at the six-month follow-up visit for all patients. The first patient was treated in the study of LSTA201 in April 2022, followed by completion of enrollment of all six subjects in July 2022. We continue to anticipate top-line data from all subjects by the first quarter of 2023. With that, I will now turn the call back to Dave. Thanks, Kristen. As you've heard, our talented and dedicated team is working hard to maximize the value potential of our development pipeline and to drive our programs to clinical success. We have designed our studies to provide clear results as fast and inexpensively as reasonably practicable. Nevertheless, we understand and even share your impatience in getting the quality data and ask for your indulgence and understanding as we focus on achieving this goal. We are excited by the promise of our platform technologies and pipeline of product and partnering opportunities, and look forward to providing updates on our progress in the coming months. With that overview, operator, we are now ready to take questions. As a reminder, to ask a question, please press star one one on your telephone. You will then hear an automated message advising that your hand is raised. Each listener will be permitted to ask one question at a time and will return to the queue for additional questions. Please stand by while we compile the Q&A roster. Our first question comes from Peter Enderlin with the MAZ Partners. Your line is now open. Thank you. Hi, everybody. Hey, Pete. Dave, this is a kind of a broad question, but I'll categorize it as one question. That is, you know, you're gonna engage in potentially a very large number of trials and development activities with major pharmas in many cases. So can you kinda talk around the framework of how you're gonna structure those, generally speaking? I mean, in terms of cost sharing and protecting respective IP rights and resolving potential conflicts between different partners and between the partners and your company itself. Just a lot of sort of general possible variability in the way all those agreements will work, but maybe there's some common ground underneath them all. Sure, Pete, and thanks for the question. Actually, there's quite a bit of common ground in our strategy, although you're right. Different agreements with different companies will have different terms. But generally speaking, our goal is to find mechanisms by which we can broadly explore the potential for LSTA1 to augment or enhance the activity of a variety of combinations of cytotoxic and immunotherapies. Without you know, the one big pharma agreement that has been announced already is that with Roche Genentech. We're not going to be able to give you know, all the specifics you know, in public. Generally speaking, this is a shared program. We are testing LSTA1 in combination with standard of care and MPDAC, along with Roche's immunotherapy, atezolizumab. The general structure of this deal is that each company owns their own IP. That if there's any new IP generated during the course of the work, and one would expect that it would not occur, but if there was, we would share it. That the costs of the trial are generally being split equally. Each company provides their own CMC to be established with other companies. The idea being that LSTA1 has a promiscuous mechanism of action, meaning that it is agnostic to the chemo or immunotherapies with which it is administered, and we believe its mechanism of action has the ability to enhance the delivery of all of these things to the targeted areas of solid tumors. We expect that we'll be in a position to have a variety of deals, where we always either share the cost or have the partner bear the cost and where we retain, you know, complete product rights to LSTA1. That's the general approach. Well, just a quick follow-up to that, and that is if, for example, Roche does a lot of their own work in actually implementing the trial, would they allocate any of that back to you, or would that just be on their dime, so to speak? No, no. The resource distribution and cost distribution is defined in the contract, and there's no way that either party is gonna be able to, you know, back charge the other surprise charges. Mm-hmm. Just not possible. Okay. Thanks a lot. Thank you, Pete. Please stand by for our next question. Our next question comes from Swayampakula Ramakanth with Brookline Capital Markets. Thanks. Sounds great. Thanks for the color. You're welcome. Thank you for joining. As a reminder, to ask a question, please press star one one on your telephone. At this time, I am showing no further questions. My apologies. Please stand by for our next question. Our next question comes from Peter Enderlin with MAZ Partners. Your line is now open. Oh, thanks. I just remembered that I had a question about stock options at Cend before the deal closed. Were there any? 'Cause I thought there was a provision for them, but then I think I read that there actually was none that actually transferred over. What's the story about that? James, would you like to take that? Just describe briefly the treatment of the stock options. Yes. Hi, Pete. Through the merger, the company acquired about 1.3 million shares, stock options Cend. We assumed them over at the same exchange ratio that we did for any shares that we acquired through the merger. Okay. Thanks. Thank you. You're welcome. This concludes the question and answer session. I will now turn the call back to Dr. Mazzo for closing remarks. Well, again, thank you all for participating on today's call. We look forward to speaking with you again during our next quarterly conference call and to continuing to provide updates on our achievements and progress. We remain grateful for your continued interest and support. Stay well and have a good evening. This concludes today's conference call. Thank you for participating. You may now disconnect.