Application of Immunotherapy to $7 Billion Lower Back Pain Market Patented by Creative Medical Technology Holdings

Rhea-AI Summary

Creative Medical Technology Holdings announced a Notice of Allowance for its patent on using T regulatory cells to enhance blood circulation for lower back pain treatment. This patent is vital as many patients suffer from poor circulation, contributing to pain. The company also holds a prior patent for stem cell therapy for lower back pain. The CEO highlighted the growing market for such therapies, citing a $1 billion deal in the sector. They are focused on expanding their intellectual property and welcome collaborations within the biotechnology community.

Positive

• Receipt of a Notice of Allowance for a patent on T regulatory cells to improve blood circulation in lower back pain patients.
• Possession of an additional patent for stem cell therapy addressing lower back pain.
• Expansion of intellectual property in a lucrative market for back pain treatments, bolstered by a $1 billion recent deal in the industry.

Negative

• None.

PHOENIX, Sept. 8, 2020 /PRNewswire/ -- (OTC – CELZ) -- Creative Medical Technology Holdings Inc. announced today receipt of a Notice of Allowance from the United States Patent and Trademark Office for its patent application, "Perispinal Perfusion by Administration of T Regulatory Cells Alone or in Combination with Angiogenic Cell Therapies." 

The patent covers the use of activated T regulatory cells for inducing an increase in blood circulation in areas surrounding the disc of patients with lower back pain. It is believed that a significant proportion of patients suffering from lower back pain have abnormally poor circulation, which does not effectively remove waste products and irritants.  Restoration of circulation in the lower back is associated with reduction of pain.

The Company acquired a previously granted US Patent # 9,598,673 covering use of various types of stem cells, autologous and allogeneic, for treating lower back pain. The Company has completed an autologous cell therapy pilot study in the area of lower back pain utilizing this patented technology and is currently in the process of assembling data for publication.

"Creative Medical Technology Holdings is developing a critical mass of issued intellectual property covering multiple cell therapy treatments of lower back pain as well as other indications," said Timothy Warbington, President and CEO of the Company. "Testimony to the size of the lower back pain market is the $1 Billion Mesoblast-Grunenthal deal for a pre-review cell therapy product¹.  We are enthusiastic to add this new therapy to our expanding portfolio of rapid-to-commercialize cellular therapies."

Creative Medical Technology Holdings has previously commercialized its CaverStem^R technology involving personalized bone marrow cellular therapy for erectile dysfunction. This technology is covered by issued patent # 8,372,797 and a clinical trial demonstrating safety with signals of efficacy published in the peer-reviewed literature².

"Immunotherapy is one segment of the biotechnology industry that is expanding at an exponential rate," said Donald Dickerson, CFO of the Company.  "The recent Nobel Prize in the area of Immunotherapy of Cancer, as well as the current valuations of immunotherapy companies, validates the approaches that we have been developing, and now patenting.  Essentially our approach is to use stem cells, or immunotherapy to enable the body to heal itself."

"The Company welcomes the biotechnology/life sciences community and key opinion leaders to contact us to discuss potential collaboration on our patented technologies in this amazing space," Mr. Warbington said further.

About Creative Medical Technology Holdings

Creative Medical Technology Holdings, Inc. is a commercial stage biotechnology company specializing in stem cell technology in the fields of urology, neurology and orthopedics and trades on the OTC under the ticker symbol CELZ. For further information about the company, please visit www.creativemedicaltechnology.com.   

Forward Looking Statements

OTC Markets has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming clinical trials and laboratory results, marketing efforts, funding, etc. Forward-looking statements address future events and conditions and, therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. See the periodic and other reports filed by Creative Medical Technology Holdings, Inc. with the Securities and Exchange Commission and available on the Commission's website at www.sec.gov.

Creativemedicaltechnology.com
www.StemSpine.com
www.Caverstem.com
www.Femcelz.com

¹ https://www.biopharma-reporter.com/Article/2019/09/12/Gruenenthal-partners-with-Mesoblast-for-back-pain-cell-therapy#:~:text=Gr%C3%BCnenthal%20agrees%20deal%20with%20Mesoblast,disease%20in%20previously%20treated%20patients.

² https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6958721/

 

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SOURCE Creative Medical Technology Holdings, Inc.

FAQ

What is the significance of the patent received by Creative Medical Technology Holdings on September 8, 2020?

The patent allows the use of T regulatory cells to enhance blood circulation for treating lower back pain, a significant advancement in pain management.

How does the new patent impact Creative Medical Technology Holdings' market position?

The new patent strengthens the company's position in the lower back pain treatment market, which is valued highly, evidenced by substantial industry deals.

What are the implications of the previously granted patent by Creative Medical Technology Holdings?

The prior patent covers stem cell therapy for lower back pain, indicating the company's ongoing innovation and potential for future therapies.

How does the lower back pain market relate to Creative Medical Technology Holdings?

The company aims to capitalize on a growing $7 billion market for lower back pain treatments, enhancing its product offerings with patented technologies.