Analyst Coverage

     Firm      Analyst      Available Reports
     Maxim      Jason Kolbert  
     Stonegate Capital Partners      Laura Engel                   

Biostage, Inc. is followed by the analysts listed above. Please note that any opinions, estimates or forecasts regarding Biostage, Inc.'s performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of Biostage, Inc. or its management. Biostage, Inc. does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.