rhCollagen
Search documents
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
About CollPlant CollPlant is a regenerative and aesthetic medicine company ushering in a new era of medical solutions with a focus on 3D bioprinting of tissues and organs, tissue repair and medical aesthetics. The Company's products are based on its rhCollagen (recombinant human collagen) produced with CollPlant's proprietary plant-based genetic engineering technology. These products address indications for the diverse fields of tissue repair, aesthetics, and organ manufacturing. In 2021, CollPlant entered ...
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 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 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]
COLLPLANT BIOTECHNOLOGIES ANNOUNCES DATE FOR SECOND QUARTER FINANCIAL RESULTS
Prnewswire· 2025-08-05 11:00
Company Overview - CollPlant Biotechnologies is a regenerative and aesthetic medicine company focused on 3D bioprinting of tissues and organs, tissue repair, and medical aesthetics [2] - The company's products are based on rhCollagen (recombinant human collagen) produced using proprietary plant-based genetic engineering technology [2] Recent Developments - CollPlant will report its financial results for the second quarter on August 20, 2025, before the opening of U.S. financial markets [1] - In 2021, CollPlant entered into a development and global commercialization agreement for dermal and soft tissue fillers with Allergan, a leader in the dermal filler market [3]
CollPlant Appoints Collagen Biomaterials Expert as New Head of North America Commercial Operations
Prnewswire· 2025-07-14 11:00
Core Viewpoint - CollPlant Biotechnologies has appointed Bowman Bagley as Vice President, Commercial North America, to enhance its growth strategy and market presence for rhCollagen products [1][2]. Company Overview - CollPlant is focused on regenerative and aesthetic medicine, utilizing non-animal-derived recombinant human collagen (rhCollagen) for its products [5]. - The company aims to innovate in areas such as 3D bioprinting, tissue repair, and medical aesthetics [5]. Leadership Appointment - Bowman Bagley will oversee the commercial strategy, including sales, marketing, and logistics for CollPlant's rhCollagen-based products in North America [1][2]. - Bagley has extensive experience in collagen-based biomaterials and has held leadership roles in sales and product development [2][3]. Strategic Goals - The appointment of Bagley is expected to accelerate the growth of CollPlant's bioinks portfolio and expand rhCollagen sales in both research markets and strategic collaborations [2]. - The company has previously entered into a significant agreement with Allergan for dermal and soft tissue fillers, indicating a strong market position [6].
COLLPLANT BIOTECHNOLOGIES ANNOUNCES $3.6 MILLION REGISTERED DIRECT OFFERING PRICED AT-THE-MARKET UNDER NASDAQ RULES
Prnewswire· 2025-05-30 11:00
Core Viewpoint - CollPlant Biotechnologies has announced a definitive agreement for the issuance and sale of 1,200,002 ordinary shares at a price of $3.00 per share, aiming to raise approximately $3.6 million to support its business operations and R&D initiatives [1][2]. Group 1: Offering Details - The offering includes a registered direct offering and a concurrent private placement for the same number of shares at the same price [1][2]. - The warrants issued in the private placement will be exercisable immediately and have a term of three and a half years [1][2]. - The offering is expected to close around June 2, 2025, pending customary closing conditions [1]. Group 2: Use of Proceeds - The net proceeds from the offering will be used for general corporate purposes, including collaboration with AbbVie on a dermal filler product candidate, working capital, and funding research and development programs [2]. Group 3: Company Background - CollPlant specializes in regenerative and aesthetic medicine, focusing on 3D bioprinting of tissues and organs, tissue repair, and medical aesthetics [6]. - The company’s products are based on rhCollagen, produced using proprietary plant-based genetic engineering technology [6]. - In 2021, CollPlant entered into a development and commercialization agreement for dermal and soft tissue fillers with Allergan, a subsidiary of AbbVie [7].