 Exosome Platform for COVID-19 -Novel Multivalent Exosome mRNA and VLP Vaccine Candidates Underway in Animal Studies- -Preclinical Data Shows Positive Antibody Response-CAP-1002 for COVID-19 -Expanded Access Emergency Use Series Published in Peer Reviewed Journal- -Randomized, Double-Blind, Placebo-Controlled, Phase II IND Submitted to FDA- -Plan to Initiate Study in Third Quarter, Subject to FDA Approval- Duchenne Muscular Dystrophy Program -Reported Positive Top-Line 12-month Results from HOPE-2 Study- -In Discussions with FDA on Next Steps in Pathway Forward--To Host Conference Call and Webcast Today at 4:30 p.m. ET-LOS ANGELES, Aug. 06, 2020 GLOBE NEWSWIRE -- Capricor Therapeutics Capricor NASDAQ: CAPR, a clinical-stage biotechnology company focused on the development of first-in-class cell and exosome-based therapeutics for the treatment and prevention of diseases, announced today its financial results for the second quarter ending June 30, 2020 and provided a corporate update.We had a very successful first half of 2020, marked by continued achievements in our expanding cell and exosome programs. We are now well underway in animal studies and have seen promising results showing the mRNA vaccine is capable of generating an antibody response to multiple antigens expressed by COVID-19. Two distinct vaccines are now in development, one using the exosomes as virus-like particles and the other using exosomes loaded with viral protein mRNAs. We are moving forward as quickly as possible with the goal of bringing a vaccine into the clinic.Additionally, we have submitted a new investigational new drug application IND to the FDA for a randomized, placebo-controlled, double-blind, Phase II clinical trial to treat up to 60 patients in severe or critical condition with COVID-19 with CAP-1002. Furthermore, we continue to discuss next steps in our DMD program with the FDA said Linda Marbán, Ph.D., Capricors president and chief executive officer.Dr. Marbán continued, We are enthusiastic and encouraged to be engaged in the development of the next generation of potential vaccines using our proprietary exosome platform. Exosomes are intercellular communicators and are uniquely suited and have the potential to change how we treat, immunomodulate, and mediate serious life-threatening illnesses, correct genetic disorders, engineer vaccines to prevent diseases, and modify enzymes. A key advantage of exosomes beyond the ability to modify cells is the ability to deliver therapeutic payloads, without degradation into specific locations. Capricor remains diligently focused on the treatment of DMD using CAP-1002. The FDA has continued to encourage us to conduct a Phase III study, however at this time, we are still discussing the pathway forward for this program with the FDA. Once the regulatory pathway is finalized we expect to expand our efforts to seek partnerships for this program. We also recently participated in the Parent Project Muscular Dystrophy PPMD Virtual Annual Conference to help better inform families and caregivers around the treatment of DMD.We are proud to deliver an update of those accomplishments today focused on our exosome platform, COVID-19 and DMD programs and our anticipated milestones in 2020, added Dr. Marbán.Second Quarter Highlights and Recent DevelopmentsExosome Platform for COVID-19 Generated mRNA loaded exosomes with 4 viral proteins expressed by SARS-CoV-2 Generated exosome-based VLPs virus like particles with 4 viral antigens expressed on the surface of SARS-CoV-2 Advanced exosome-based vaccine candidates into animal studiesCAP-1002 for COVID-19 Peer Reviewed Publication: CAP-1002 in Critically Ill Patients Compassionate Use Case Series Provided CAP-1002 for Expanded Access Emergency Use for Severe COVID-19 Patients Filed IND with FDA for randomized, double-blind, placebo-controlled Phase II study in severe or critical COVID-19 patientsDuchenne Muscular Dystrophy Program Presented positive 12-month results from the randomized, double-blind, Phase II HOPE-2 clinical trial of CAP-1002 in boys and young men with DMD In discussions with FDA to determine next steps and pathway forward Featured Panelist Spotlight Featured Panelist - Capricors CEO, Linda Marbán, Cell therapy for ARDS - When Remdesivir is not enough hosted by Maxim Group - Virtual Conference Series May 2020 Featured Panelist Capricors CEO, Linda Marbán and Executive Consultant, Stephen Gould, Ph.D. Exosomes, A New Therapeutic Approach hosted by LifeSci Advisors, LLC July 2020Anticipated Events and Targeted Milestones for Second Half of 2020 Plan to initiate Phase II, randomized, double-blind, placebo-controlled study in patients in severe or critical condition with COVID-19, subject to FDA approval Plan to announce preliminary results from animal studies with exosome-based vaccine candidates Continue discussions with FDA on DMD program Plan to present HOPE-2 final 12-month results at medical conference Continue to pursue partnership opportunities for pipeline products Continue to pursue grant funding opportunities for pipeline productsSecond Quarter Financial ResultsThe Company reported a net loss of approximately 3.5 million, or 0.23 per share, for the second quarter of 2020, compared to a net loss of approximately 2.0 million, or 0.59 per share, for the second quarter of 2019.As of June 30, 2020, the Companys cash, cash equivalents and marketable securities totaled approximately 36.3 million, compared to approximately 13.2 million on March 31, 2020.During the first half of 2020, Capricor has raised approximately 29.4 million in net proceeds from the sale of common stock and exercise of common warrants comprised of approximately 19.5 million in net proceeds at an average price of approximately 6.59 per share under its at-the-market offering program and approximately 9.9 million from the exercise of common warrants.Conference Call and Webcast Details To participate in the conference call, please dial 800-909-4164 DomesticToll-Free or 303-223-0117 International and reference the conference ID: 21967167 To participate via a webcast and view the slides, please visit: webcast will be archived for approximately 30 days and will be available at: Capricor TherapeuticsCapricor Therapeutics, Inc. NASDAQ: CAPR is a clinical-stage biotechnology company focused on the discovery, development and commercialization of first-in-class cell and exosome-based therapeutics for the treatment and prevention of diseases. Capricors lead candidate, CAP-1002, is an allogeneic cell therapy that is currently in clinical development for the treatment of Duchenne muscular dystrophy and COVID-19. Capricor is also investigating the field of extracellular vesicles and exploring the potential of exosome-based candidates to treat or prevent a variety of disorders. For more information, visit and follow the Company on Facebook, Instagram and Twitter.About CAP-1002CAP-1002 consists of allogeneic cardiosphere-derived cells, or CDCs, a type of cardiac cell therapy that has been shown in pre-clinical and clinical studies to exert potent immunomodulatory activity. It is being investigated for its potential to modify the immune systems activity to encourage cellular regeneration. The cells function by releasing exosomes that are taken up largely by macrophages and T-cells and begin a cycle of repair. CDCs have been the subject of over 100 peer-reviewed scientific publications and administered to approximately 200 human subjects across several clinical trials.Cautionary Note Regarding Forward-Looking StatementsStatements in this press release regarding the efficacy, safety, and intended utilization of Capricors product candidates; the initiation, conduct, size, timing and results of discovery efforts and clinical trials; the pace of enrollment of clinical trials; plans regarding regulatory filings, future research and clinical trials; regulatory developments involving products, including the ability to obtain regulatory approvals or otherwise bring products to market; plans regarding current and future collaborative activities and the ownership of commercial rights; scope, duration, validity and enforceability of intellectual property rights; future royalty streams, revenue projections; expectations with respect to the expected use of proceeds from the recently completed offerings and the anticipated effects of the offerings, and any other statements about Capricors management teams future expectations, beliefs, goals, plans or prospects constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements that are not statements of historical fact including statements containing the words believes, plans, could, anticipates, expects, estimates, should, target, will, would and similar expressions should also be considered to be forward-looking statements. There are a number of important factors that could cause actual results or events to differ materially from those indicated by such forward-looking statements. More information about these and other risks that may impact Capricors business is set forth in Capricors Annual Report on Form 10-K for the year ended December 31, 2019 as filed with the Securities and Exchange Commission on March 27, 2020 and in our Quarterly Report on Form 10-Q for the quarter ended March 31, 2020 as filed with the Securities and Exchange Commission on May 15, 2020. 