MSC-NTF cells (NurOwn®) are autologous, differentiated bone-marrow derived mesenchymal stem cells (MSC) that secrete neurotrophic factors (NTFs), regulatory miRNAs that demonstrate neuroprotection and immunomodulation in preclinical models and are currently under evaluation in phase 2 progressive MS and phase 3 ALS trials. Disordered T and B regulatory cell function has been implicated in the pathogenesis of ALS and MS. Furthermore, IL-10 production by regulatory B cells, may ‘regulate the regulators’, and has been viewed as a protective mechanism in ALS and MS animal models, possibly through effects on microglial networks.