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BioRestorative Welcomes Serial Regenerative Medicine Entrepreneur, Company Builder and Leader, Sandy Lipkins, to BRTX Team
Globenewswire· 2025-06-10 12:00
Core Insights - BioRestorative Therapies, Inc. has appointed Sandy Lipkins as a leader in technology commercialization and business development, effective June 9, 2025, to enhance strategic alliances and licensing agreements [1][2][3] Company Overview - BioRestorative Therapies focuses on regenerative medicine, particularly stem cell-based therapies, with two main clinical development programs targeting disc/spine disease and metabolic disorders [5] - The company operates a commercial BioCosmeceutical platform, which includes a cell-based secretome product designed to reduce fine lines and wrinkles [7] Leadership Background - Sandy Lipkins brings over 30 years of experience in venture capital, finance, and sales, with a strong focus on anti-aging and wellness sectors, and has a proven track record in scaling companies and expanding market reach [2][3] - His expertise in stem cells and regenerative medicine is expected to drive significant value creation for BioRestorative as it advances its clinical pipeline and commercial offerings [3][4] Clinical Development Programs - The Disc/Spine Program includes BRTX-100, a cell therapy candidate for treating painful lumbosacral disc disorders, currently in Phase 2 clinical trials [5] - The Metabolic Program, ThermoStem, aims to develop therapies targeting obesity and metabolic disorders using brown adipose-derived stem cells [6] Future Aspirations - The company aims to accelerate growth and expand its BioCosmeceuticals platform under Lipkins' leadership, with a focus on bringing transformative regenerative solutions to both domestic and international markets [4][3]
Longeveron® to Participate in the H.C. Wainwright 6th Annual Neuro Perspectives Hybrid Conference
Globenewswire· 2025-06-09 13:15
Company Overview - Longeveron Inc. is a clinical stage biotechnology company focused on developing regenerative medicines to address unmet medical needs [2] - The company's lead investigational product is laromestrocel (Lomecel-B™), an allogeneic mesenchymal stem cell therapy derived from the bone marrow of young, healthy adult donors [2] - Laromestrocel has multiple potential mechanisms of action, including pro-vascular, pro-regenerative, anti-inflammatory, and tissue repair effects, with applications across various disease areas [2] Pipeline and FDA Designations - Longeveron is pursuing three pipeline indications: hypoplastic left heart syndrome (HLHS), Alzheimer's disease, and aging-related frailty [2] - The HLHS program has received three important FDA designations: Orphan Drug designation, Fast Track designation, and Rare Pediatric Disease designation [2] - The Alzheimer's disease program has received two FDA designations: Regenerative Medicine Advanced Therapy (RMAT) designation and Fast Track designation [2] Upcoming Events - Wa'el Hashad, CEO of Longeveron, will present at the H.C. Wainwright 6th Annual Neuro Perspectives Hybrid Conference on June 16-17, 2025 [1] - The conference presentation will be accessible via a webcast, with a replay available on the company's website for 90 days following the event [1]
NurExone Strengthens Path to Clinical Trials for ExoPTEN with New Manufacturing Process Validation
Globenewswire· 2025-06-04 20:04
Core Viewpoint - NurExone Biologic Inc. is advancing its exosome-based therapy platform, particularly focusing on its lead candidate ExoPTEN, which targets high-impact neurological conditions. The company is also seeking shareholder approval for its amended Omnibus Plan at an upcoming meeting [1][6]. Manufacturing Process and Clinical Readiness - The company presented promising early data on the viability and potency of cells from its proprietary Master Cell Bank (MCB) at a recent conference, indicating strong economic potential for exosome production [2][3]. - The MCB is crucial for establishing GMP-compliant manufacturing processes for exosomes, which are intended to support clinical trials and future commercial supply [3][4]. - NurExone plans to transfer its manufacturing process to its U.S.-based subsidiary, Exo-Top, to enhance clinical readiness and scalability [3][4]. Product Development and Market Potential - ExoPTEN is being developed as a first-in-class therapy for conditions such as acute spinal cord injury and optic nerve damage, which represent multi-billion-dollar markets [4][9]. - The company expects to initiate its first human clinical trial for ExoPTEN in 2026, continuing to expand its manufacturing capabilities for exosome-based regenerative therapies [5][9]. Omnibus Plan and Shareholder Approval - At the upcoming meeting, shareholders will consider the amended Omnibus Plan, which includes housekeeping amendments that do not affect securityholder rights [6][7]. - The maximum number of common shares reserved for RSUs and Restricted Shares is fixed at 10% of the issued and outstanding shares, currently anticipated to be 7,800,791 [8].
Sernova Appoints Jonathan Rigby as Interim Chair
Globenewswire· 2025-06-02 20:15
Core Viewpoint - Sernova Biotherapeutics is making significant progress in its mission to develop a functional cure for type 1 diabetes (T1D) through its innovative Cell Pouch Bio-hybrid Organ technology, while also undergoing leadership changes and pursuing financing opportunities [1][3]. Company Developments - Jonathan Rigby has been appointed as Interim Chair of the board of directors, effective immediately, while the company searches for a new independent director to take on the Chair role [1]. - The company is actively engaged in financing discussions with GoldTrack Ventures and the Kingdom of Saudi Arabia, which are seen as promising partnerships [2]. - Sernova has released encouraging clinical data and formed a Clinical Advisory Board, indicating progress in its strategic and operational initiatives [3]. - The departure of Modestus Obochi, the Chief Business Officer, has been announced, with the company expressing gratitude for his contributions [3]. Technology and Innovation - Sernova is focused on developing regenerative medicine therapeutics that combine its Cell Pouch with human donor cells or stem-cell derived islet-like clusters, in collaboration with Evotec, to create Bio-hybrid Organs aimed at treating T1D and thyroid disorders [4].
Celularity Announces Publication Advancing Ocular Surface Reconstruction with Tri-Layer Amniotic Membrane Technology
GlobeNewswire News Room· 2025-06-02 12:00
Highlights the unique potential of Celularity’s proprietary advanced biomaterial technology as a novel cellular delivery system for ocular surface reconstructionSupports broad range of regenerative medicine applications beyond ophthalmology FLORHAM PARK, N.J., June 02, 2025 (GLOBE NEWSWIRE) -- Celularity Inc. (Nasdaq: CELU) (“Celularity” or the “Company”), a regenerative and cellular medicine company, today announced its research published in the May 29, 2025, issue of the peer-reviewed journal Regenerative ...
Healios K.K. to Present at the 2025 Jefferies Global Healthcare Conference
Globenewswire· 2025-05-28 20:30
Company Overview - Healios K.K. is Japan's leading clinical stage biotechnology company focused on regenerative medicine using stem cells [3] - The company was established in 2011 and has been listed on the Tokyo Stock Exchange since 2015 under the TSE Growth Code 4593 [3] Product Development - Healios is developing a proprietary cell product called invimestrocel (HLCM051), which consists of multipotent adult progenitor cells (MAPCs) derived from the bone marrow of healthy adult donors [3] - The company is advancing invimestrocel for indications including ischemic stroke, acute respiratory distress syndrome (ARDS), and trauma [3] - Healios has confirmed its path to conditional approval in Japan for the use of invimestrocel for ARDS and is preparing to file for approval and commercial launch [3] Upcoming Events - Richard Kincaid, Chief Financial Officer of Healios, will present at the 2025 Jefferies Global Healthcare Conference on June 5, 2025, at 2:35 PM Eastern Standard Time [1] - A live and archived webcast of the presentation will be accessible from Jefferies' website, with a replay available for 60 days [2]
Sernova Biotherapeutics Appoints World-Class Clinical Advisory Board to Support Development of Cell Pouch Bio-hybrid Organ as Functional Cure for Type 1 Diabetes
Globenewswire· 2025-05-22 11:00
Core Insights - Sernova Biotherapeutics has formed a Clinical Advisory Board to guide the development of its Cell Pouch Bio-hybrid Organ as a potential functional cure for type 1 diabetes (T1D) [1][7] Group 1: Clinical Advisory Board Composition - The board consists of five members, chaired by Dr. Robert Gabbay, who has extensive experience in diabetes care and research [2] - Other notable members include: - Dr. Mark Atkinson, a leading researcher in T1D with over 750 publications [3] - Dr. Melena Bellin, an expert in islet cell transplantation for T1D [4] - Dr. Andrew Posselt, a surgeon-scientist specializing in transplant immunology [5] - Dr. Holger Russ, who focuses on regenerative medicine and autoimmune type 1 diabetes [6] Group 2: Company Overview and Technology - Sernova Biotherapeutics is a clinical-stage company developing regenerative medicine therapeutics, specifically the Cell Pouch integrated with human donor cells or stem-cell derived islet-like clusters [8] - The Cell Pouch is designed to create bio-hybrid organs that restore or enhance organ function, initially targeting T1D and thyroid disorders [9]
Longeveron® to Attend BIO International Convention 2025
Globenewswire· 2025-05-20 13:15
Core Viewpoint - Longeveron Inc. is actively pursuing partnerships for its Alzheimer's disease program, which has shown promising results in clinical trials, particularly with its lead candidate, laromestrocel [2][5]. Company Overview - Longeveron Inc. is a clinical stage biotechnology company focused on developing regenerative medicines to address unmet medical needs, with laromestrocel as its lead investigational product [7]. - Laromestrocel is an allogeneic mesenchymal stem cell therapy derived from the bone marrow of young, healthy adult donors, with potential applications across various disease areas [7]. Clinical Trial Results - The Phase 2a clinical trial (CLEAR MIND) demonstrated that laromestrocel treated patients experienced an overall slowing or prevention of disease worsening compared to placebo, achieving primary safety and secondary efficacy endpoints [3][4]. - Statistically significant improvements were observed in pre-specified clinical and biomarker endpoints for specific laromestrocel groups compared to placebo [3]. Regulatory Designations - The FDA has granted laromestrocel both Regenerative Medicine Advanced Therapy (RMAT) designation and Fast Track designation for the treatment of mild Alzheimer's disease, facilitating greater access to FDA interactions during its development [5]. - Laromestrocel is noted as the first cellular therapeutic candidate to receive FDA RMAT designation for Alzheimer's disease [5]. Upcoming Events - Longeveron will participate in the BIO International Convention from June 16-19, 2025, to explore potential partnerships and strategic opportunities for its Alzheimer's disease program [1][2].
Anika Therapeutics(ANIK) - 2025 Q1 - Earnings Call Transcript
2025-05-09 13:30
Financial Data and Key Metrics Changes - Total revenue for the first quarter was $26.2 million, down 10% compared to the same period in 2024, primarily due to pricing pressure in the OEM channel [8][19] - Gross margin decreased to 56%, down nine percentage points year over year, driven by a $4 million drop in MONOVISC and ORTHOVISC sales [21][22] - Operating expenses were $19 million, down 12% year over year, reflecting cost-saving measures [24] Business Line Data and Key Metrics Changes - Revenue in the commercial channel increased by 18% year over year to $11.3 million, with international OA pain products growing by 13% [19] - Regenerative solutions revenue grew by 33% year over year, driven by the performance of the Integrity product [20][11] - OEM channel revenue decreased by 23% to $14.9 million, primarily due to lower pricing for MONOVISC and ORTHOVISC [20][21] Market Data and Key Metrics Changes - The U.S. market for MONOVISC and ORTHOVISC continues to face pricing volatility, which has not been fully offset by measures implemented by J and J MedTech [9][10] - The company anticipates a modest pricing rebound in the second quarter, but overall OEM revenue is expected to decline by 16% to 20% for the full year [28][29] Company Strategy and Development Direction - The company is focusing on leveraging proprietary hyaluronic acid technologies and expanding its commercial channel, which has shown strong growth [6][11] - Strategic initiatives include diversifying revenue sources and enhancing product offerings, particularly in regenerative solutions [10][12] - The company is advancing its pipeline programs, including HYALOFAST and CINGAL, with expected U.S. launches in 2026 [15][17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in overcoming short-term manufacturing challenges and returning to historic production levels in the second half of the year [34] - The company remains well-positioned to fund its product pipeline and expects to see improvements in gross margins in the second half of the year [32][70] Other Important Information - The company ended the quarter with $53 million in cash and no debt, indicating strong liquidity to support ongoing operations and regulatory processes [27][69] - Adjusted EBITDA guidance for 2025 has been revised to a range of negative 3% to positive 3%, reflecting lower manufacturing yields and pricing pressures [30][32] Q&A Session Summary Question: Could you elaborate on the timeline and investment needed for the CINGAL bioequivalence study? - Management expects to begin the study by the end of the year and will provide further updates as progress is made [38][39] Question: What drives the expected improvement in OEM revenue through the year? - The improvement is primarily driven by anticipated price stabilization in the second quarter [41] Question: What factors influenced the decision to maintain commercial revenue guidance? - The decision was based on strong Q1 performance and expectations of continued growth despite tougher comparisons in Q2 [42] Question: Can you provide insight into the distribution plans for CINGAL once approved? - The company is exploring various distribution opportunities and will provide more details in the future [65][66] Question: Is there sufficient cash to get through the regulatory process? - Management confirmed that the company has adequate cash to support regulatory filings for both HYALOFAST and CINGAL [69][70]
Organogenesis (ORGO) Reports Q1 Loss, Lags Revenue Estimates
ZACKS· 2025-05-08 23:10
Company Performance - Organogenesis reported a quarterly loss of $0.13 per share, missing the Zacks Consensus Estimate of $0.04, and compared to a loss of $0.02 per share a year ago, representing an earnings surprise of -425% [1] - The company posted revenues of $86.69 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 4.06%, and down from $109.98 million year-over-year [2] - Over the last four quarters, Organogenesis has surpassed consensus EPS estimates two times and topped consensus revenue estimates three times [2] Stock Performance - Organogenesis shares have increased approximately 61.9% since the beginning of the year, contrasting with the S&P 500's decline of -4.3% [3] - The current consensus EPS estimate for the upcoming quarter is $0.04 on revenues of $143.96 million, and for the current fiscal year, it is $0.16 on revenues of $508.6 million [7] Industry Outlook - The Medical - Drugs industry, to which Organogenesis belongs, is currently ranked in the top 26% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that industry performance can significantly impact stock performance [5][8]