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COLLPLANT BIOTECHNOLOGIES REPORTS 2025 THIRD QUARTER FINANCIAL RESULTS AND PROVIDES CORPORATE UPDATE
Prnewswire· 2025-11-26 12:30
Core Insights - CollPlant Biotechnologies reported financial results for Q3 2025, showing significant growth in revenue and advancements in its product development pipeline [1][15][24]. Financial Performance - GAAP revenues for Q3 2025 were $77,000, up from $4,000 in Q3 2024, primarily due to increased sales of rhCollagen-based products [15]. - For the nine months ended September 30, 2025, GAAP revenues reached $2.3 million compared to $351,000 for the same period in 2024 [16]. - The company reported a GAAP net loss of $3.5 million for Q3 2025, an improvement from a net loss of $4.3 million in Q3 2024 [24]. Product Development and Innovation - CollPlant is advancing its dermal filler program and has achieved a key milestone in collaboration with AbbVie, receiving a $2 million payment [3][17]. - The company’s rhCollagen-based bioink, Collink.3D™, has shown superior performance compared to Matrigel® in supporting structured tissue formation, indicating a potential market opportunity of approximately $100 million with an annual growth rate of over 10% [2][15]. - A fully humanized bioprinted skin model developed at Mayo Clinic using rhCollagen offers an ethical alternative to animal testing, broadening the application of CollPlant's technology in medical and pharmaceutical research [2][16]. Strategic Initiatives - CollPlant has initiated a cost reduction plan, including a workforce reduction of approximately 25%, to extend its cash runway [5][21]. - The company is expanding its distribution capabilities in North America through a new logistics partnership, enhancing support for its rhCollagen and BioInk product lines [7][12]. - Plans are in place to actively seek a strategic partner for the continued development of its novel regenerative breast implant product candidate [6]. Market Expansion - CollPlant has expanded its international distribution network for its tendon-repair product, Vergenix™ STR, entering seven new markets in 2025, with plans for further expansion in Europe and Asia in 2026 [13][14]. - The company appointed Bowman Bagley as Vice President, Commercial North America, to lead its commercial strategy and execution across the region [16]. Balance Sheet and Cash Flow - As of September 30, 2025, cash and cash equivalents were $8.5 million, with cash used in operating activities amounting to $6.5 million for the nine months ended September 30, 2025 [26]. - The company reported a decrease in cash used in investing activities to $12,000 from $481,000 in the same period of 2024, primarily due to reduced purchases of property and equipment [27].
COLLPLANT BIOTECHNOLOGIES ANNOUNCES DATE FOR 2025 THIRD QUARTER FINANCIAL RESULTS
Prnewswire· 2025-11-18 12:00
Company Overview - CollPlant Biotechnologies is a regenerative and aesthetics medicine company focused on developing innovative technologies and products based on non-animal-derived rhCollagen for tissue regeneration and medical aesthetics [1][2] - The company specializes in 3D bioprinting of tissues and organs, tissue repair, and medical aesthetics, utilizing proprietary plant-based genetic engineering technology to produce rhCollagen [2] Financial Reporting - CollPlant will report its financial results for the third quarter of 2025 on November 26, 2025, before the opening of U.S. financial markets [1] Strategic Partnerships - In 2021, CollPlant entered into a development and global commercialization agreement for dermal and soft tissue fillers with Allergan, a subsidiary of AbbVie and a leader in the dermal filler market [3]
CollPlant Expands its rhCollagen Distribution Capabilities in the United States and Canada
Prnewswire· 2025-10-27 11:01
Core Insights - CollPlant Biotechnologies is expanding its distribution capabilities in North America by establishing a new logistics center in the U.S. to support its rhCollagen and BioInk product lines [1][3][4] Group 1: Expansion and Infrastructure - The new logistics center will provide cGMP-compliant storage and distribution services, enhancing logistical efficiencies for CollPlant's operations in the U.S. and Canada [1][2] - The facility features advanced infrastructure, including a cloud-based temperature monitoring system, AI-powered security, and remote inventory management, ensuring reliable and secure distribution [2] Group 2: Strategic Commitment - The establishment of the U.S. logistics center reflects CollPlant's long-term commitment to the North American market and is seen as a significant milestone in advancing its regenerative medicine products [3] - By maintaining local inventory, the company aims to improve efficiency and reduce shipping times, thereby enhancing customer access to its products [3] Group 3: Company Overview - CollPlant focuses on regenerative and aesthetic medicine, utilizing its proprietary recombinant human collagen technology for various applications, including tissue repair and organ manufacturing [4] - The company has previously entered into a global commercialization agreement for dermal and soft tissue fillers with Allergan, a leader in the dermal filler market [5]
CollPlant's rhCollagen-Based BioInk Demonstrates Strong Performance Compared to Matrigel® in Study Conducted by Technion - Israel Institute of Technology
Prnewswire· 2025-10-20 11:00
Core Insights - CollPlant Biotechnologies announced positive results from a comparative study of its rhCollagen-based bioink, Collink.3D™, which outperformed Matrigel® in supporting structured tissue formation [1][8]. Company Overview - CollPlant is a regenerative and aesthetic medicine company focused on 3D bioprinting of tissues and organs, tissue repair, and medical aesthetics, utilizing proprietary plant-based genetic engineering technology to produce rhCollagen [9]. Product Details - Collink.3D™ is a recombinant human type I collagen methacrylamide bioink, produced without animal-derived substances, designed to mimic the native properties of human tissues and organs [6][7]. - The bioink enables scalable and reproducible biofabrication of 3D tissue and organ models, supporting drug screening and therapeutic research [7]. Study Findings - The study conducted by the Levenberg Lab at Technion demonstrated that Collink.3D™ exhibited enhanced mechanical strength, elasticity, and stability compared to Matrigel®, suggesting it may serve as a next-generation, animal-free extracellular matrix [3][5]. Market Insights - The global market for basement membrane matrices, including Matrigel and similar products, was valued at approximately $96 million in 2024 and is projected to reach $201 million by 2031, growing at a CAGR of 11.2% [4].
First-in-Kind Fully Humanized 3D Bioprinted Human Skin Model Developed by Mayo Clinic Researchers using CollPlant's rhCollagen-Based BioInk
Prnewswire· 2025-10-16 11:00
Core Viewpoint - CollPlant Biotechnologies has announced the development of the first fully humanized 3D bioprinted skin model using its proprietary plant-derived recombinant human collagen (rhCollagen), which offers a sustainable alternative to animal testing for preclinical research and has broad applications in cosmetic and pharmaceutical testing, disease modeling, and drug development [1][7]. Group 1: Technology and Innovation - The 3D bioprinted skin model integrates CollPlant's rhCollagen-based bioinks with essential human skin cell types, enabling the evaluation of drug delivery in a non-animal model [2][7]. - The use of plant-derived rhCollagen allows for high-throughput production of personalized human skin models, which can be applied in regenerative medicine and other medical fields [2][3]. Group 2: Company Overview - CollPlant is focused on regenerative and aesthetic medicine, utilizing 3D bioprinting technologies for tissue repair and medical aesthetics, with products based on its proprietary rhCollagen [4]. - The company has a development and commercialization agreement with Allergan, an AbbVie company, for dermal and soft tissue fillers, indicating its strategic partnerships in the market [5]. Group 3: Market Implications - The innovative skin model represents a significant advancement in reducing animal testing and enhancing the ethical standards of preclinical research, which could lead to broader acceptance and application in the cosmetic and pharmaceutical industries [1][7]. - The results from Mayo Clinic's research validate the potential of rhCollagen-based bioinks for various applications, including in vitro 3D models and regenerative medicine [3].
Morning Market Movers: GLXG, LAC, AIHS, RMSG See Big Swings
RTTNews· 2025-10-01 12:03
Core Insights - Premarket trading is showing notable activity with early price movements indicating potential opportunities before the market opens [1] Premarket Gainers - Galaxy Payroll Group Limited (GLXG) increased by 39% to $5.34 - Lithium Americas Corp. (LAC) rose by 31% to $7.52 - Senmiao Technology Limited (AIHS) gained 22% to $2.45 - The AES Corporation (AES) saw a 10% increase to $14.53 - Strive, Inc. (ASST) also increased by 10% to $2.77 - Shoulder Innovations, Inc. (SI) rose by 9% to $13.78 - Top KingWin Ltd (WAI) increased by 8% to $3.80 - Southland Holdings, Inc. (SLND) saw a 7% increase to $4.61 - CaliberCos Inc. (CWD) rose by 6% to $4.75 - Mannatech, Incorporated (MTEX) increased by 5% to $10.53 [3] Premarket Losers - Real Messenger Corporation (RMSG) decreased by 16% to $2.01 - Etoiles Capital Group Co., Ltd (EFTY) fell by 14% to $14.45 - Enanta Pharmaceuticals, Inc. (ENTA) dropped by 13% to $10.41 - CollPlant Biotechnologies Ltd. (CLGN) saw an 11% decrease to $2.39 - Fortress Biotech, Inc. (FBIO) declined by 10% to $3.30 - Uni-Fuels Holdings Limited (UFG) fell by 9% to $7.52 - Alset Inc. (AEI) decreased by 9% to $2.30 - JFB Construction Holdings (JFB) saw a 5% decline to $12.20 - SHF Holdings, Inc. (SHFS) dropped by 5% to $6.80 - Phio Pharmaceuticals Corp. (PHIO) decreased by 5% to $2.34 [4]
CollPlant Biotechnologies Announces Positive Results from non-clinical Studies of its Photocurable Regenerative Dermal and Soft Tissue Filler
Prnewswire· 2025-09-30 11:00
Core Insights - CollPlant Biotechnologies is advancing its photocurable dermal filler into clinical trials following positive results from its non-clinical program, marking a significant milestone in aesthetic medicine [1][3] - The new dermal filler combines hyaluronic acid with a modified form of recombinant human collagen (rhCollagen), providing both immediate and long-lasting aesthetic benefits [2][3] Product Development - The photocurable dermal filler is administered as a viscoelastic gel and is stabilized using a proprietary illumination device, transforming into a semi-solid implant upon light activation [2][3] - CollPlant's non-clinical program included a one-year in vivo study confirming long-term durability and biocompatibility assessments that comply with international standards, establishing a strong foundation for clinical advancement [3] Strategic Partnerships - In 2021, CollPlant entered into a development and global commercialization agreement with Allergan, an AbbVie company, which is a leader in the dermal filler market [5]
CollPlant to Present at the 2025 International Conference on Biofabrication
Prnewswire· 2025-09-02 11:00
Company Overview - CollPlant Biotechnologies is a regenerative and aesthetic medicine company focused on developing technologies and products based on non-animal-derived recombinant human collagen (rhCollagen) [1][5] - The company aims to innovate in the fields of tissue repair, medical aesthetics, and organ manufacturing through its proprietary plant-based genetic engineering technology [5] Conference Participation - CollPlant will participate in the International Conference on Biofabrication 2025, scheduled for September 14–17, 2025, in Warsaw, Poland [1] - The company will have two presentations during the conference, showcasing its rhCollagen platform and biofabrication applications [2][7] Biofabrication and 3D Bioprinting - The conference will focus on advancements in biofabrication and bioprinting, which are crucial for medical research and the fabrication of complex scaffolds for tissue and organ engineering [2][4] - CollPlant's rhCollagen-based bioinks are highlighted for their controlled rheology, non-animal safety profile, biocompatibility, and tunable mechanical properties, making them suitable for high-fidelity 3D bioprinting [2] International Society for Biofabrication - The International Society for Biofabrication (ISBF) is a non-profit organization that promotes research and development in biofabrication, including 3D printing of tissues and regenerative medicine [3] - The ISBF organizes the annual International Conference on Biofabrication, which has grown to attract over 500 participants from various countries since its inception in 2006 [4]
CollPlant to Participate in the Upcoming 27th Annual H.C. Wainwright Global Investment Conference
Prnewswire· 2025-08-25 11:00
Company Overview - CollPlant Biotechnologies is a regenerative and aesthetics medicine company focused on developing technologies and products based on non-animal-derived recombinant human collagen (rhCollagen) [1][3] - The company specializes in 3D bioprinting of tissues and organs, tissue repair, and medical aesthetics [3] Recent Developments - CollPlant will participate in the 27th Annual H.C. Wainwright Global Investment Conference on September 8th and 9th, 2025, at the Lotte New York Palace Hotel [1] - Investors can request one-on-one meetings with CollPlant representatives during the conference [2] Strategic Partnerships - In 2021, CollPlant entered into a development and global commercialization agreement for dermal and soft tissue fillers with Allergan, a subsidiary of AbbVie, which is a leader in the dermal filler market [4]
COLLPLANT BIOTECHNOLOGIES REPORTS 2025 SECOND QUARTER FINANCIAL RESULTS AND PROVIDES CORPORATE UPDATE
Prnewswire· 2025-08-20 11:00
Core Insights - CollPlant Biotechnologies is advancing its photocurable dermal filler program and has made significant progress in preclinical testing, preparing for clinical trials [3][4][5] - The company raised $3.6 million in a registered direct offering in the second quarter of 2025, providing financial flexibility for ongoing initiatives [17][19] - CollPlant's regenerative breast implant program aims to address a multi-billion-dollar market, focusing on safety and durability compared to existing solutions [8][10][12] Financial Performance - GAAP revenues for Q2 2025 were $179,000, a decrease from $249,000 in Q2 2024, primarily due to reduced sales of rhCollagen-based products [21] - For the first half of 2025, GAAP revenues increased to $2.2 million from $347,000 in the same period of 2024, largely due to a $2 million milestone payment from AbbVie [22][23] - GAAP net loss for Q2 2025 was $3.3 million, or $0.28 per share, an improvement from a net loss of $4.2 million, or $0.37 per share, in Q2 2024 [31] Product Development and Collaborations - The photocurable dermal filler is designed for superior skin lifting and rejuvenation, generating interest from leading medical aesthetics companies [3][4] - CollPlant has a collaboration with AbbVie, which includes a worldwide exclusive license for combining rhCollagen technology with AbbVie's products for dermal fillers [6][7] - The company is also expanding its international distribution network for its Vergenix™ STR tendon-repair product, which has received CE Mark approval and is marketed primarily in Europe [13][15] Market Position and Strategy - CollPlant's regenerative breast implants are positioned to be first-to-market with a solution that promotes natural tissue regeneration and avoids immune rejection [10][12] - The company is focusing on non-animal-derived collagen solutions, aligning with industry trends towards more sustainable and ethical medical products [20] - The appointment of a new Vice President for Commercial North America aims to enhance the company's market presence and commercial strategy in key regions [19]