Welcome to our dedicated page for Creative Medical Technology Holdings news (Ticker: CELZ), a resource for investors and traders seeking the latest updates and insights on Creative Medical Technology Holdings stock.
Creative Medical Technology Holdings, Inc. (NASDAQ: CELZ) is a pioneering biotechnology holding company dedicated to advancing regenerative medicine. Headquartered in Phoenix, Arizona, the company was incorporated in 1998 and operates as a subsidiary of Creative Medical Health, Inc. It leverages innovative stem cell research to develop therapeutic applications aimed at treating male and female sexual dysfunction, infertility, miscarriages, and related health issues.
The company's flagship product, marketed under the brand name CaverStem, specifically addresses erectile dysfunction (ED). CaverStem is offered to physicians to help patients suffering from ED through stem cell-based therapies.
In recent developments, Creative Medical Technology Holdings has seen notable success in the allogeneic cell therapy market. In Q4 2022, the company unveiled the development of AlloStem™, a cell line derived from human perinatal tissue, which incorporates a Master Cell Bank and a Drug Master File. The FDA has granted approval for the CELZ-201 program, allowing it to be used in early clinical trials for type 1 diabetes. The AlloStem™ line is also being employed in the company's StemSpine® procedure to treat chronic back pain, demonstrating significant reductions in narcotic usage and pain scores among treated patients.
Allogeneic cell therapy, a cornerstone of the company's research, involves using donated cells from a healthy individual to treat patients with otherwise intractable diseases. These therapies have shown great potential in providing curative options where traditional treatments have failed.
Creative Medical Technology is heavily involved in multiple clinical trials and continues to secure necessary regulatory approvals. The company’s financial health remains robust, with significant cash reserves and no long-term debt. Furthermore, Creative Medical Technology has built a strong intellectual property portfolio with over 68 patents and pending applications.
As of the latest updates, the FDA has cleared the company to proceed with a Phase 1/2 clinical trial of StemSpine® using AlloStem™ (CELZ-201-DDT) for chronic lower back pain. The IRB approval has been received, paving the way for a placebo-controlled study that will assess the safety, efficacy, and tolerability of the treatment.
Overall, Creative Medical Technology Holdings is poised at the forefront of regenerative medicine, leveraging cutting-edge stem cell technologies to develop transformative therapies for chronic and debilitating conditions. The company’s ongoing clinical trials and strategic partnerships underline its commitment to medical innovation and improving patient outcomes globally.
Creative Medical Technology Holdings (NASDAQ: CELZ) has signed an agreement with Greenstone Biosciences for the development of a human induced pluripotent stem cell (iPSC) pipeline, termed iPScelzTM, enhancing its ImmCelz® platform. This collaboration aims to leverage Greenstone's expertise in iPSC technology to improve patient care across various conditions such as stroke and diabetes. The agreement signals potential advancements in regenerative medicine, with the iPScelzTM project poised to enable sustainable large-scale production while reducing costs. The partnership is viewed positively by both companies' leadership.
Creative Medical Technology Holdings, Inc. (NASDAQ: CELZ) has entered into a securities purchase agreement for a private placement, issuing 7,555,556 shares of common stock priced at $2.25 per share, with gross proceeds expected around $17 million. In addition, the company will issue warrants to purchase up to 15,111,112 shares, exercisable at $2.00 each. The funds will support ongoing clinical studies for their StemSpine® and ImmCelzTM platforms, among other initiatives. The deal is set to close on or about May 3, 2022.
Creative Medical Technology Holdings, Inc. (NASDAQ: CELZ) announced advancements in producing its ImmCelz® product, achieving higher volumes in under 72 hours through a novel cell-free supercharging solution. This method consistently maintains the potency of ImmCelz®, which uses adult stem cells to enhance immune response. The company is focusing on stroke first, seeking FDA approval for clinical trials. Future applications may address Type I diabetes, heart, liver, and kidney diseases, signaling strong potential for improving patient outcomes.
Creative Medical Technology Holdings (NASDAQ: CELZ) will showcase its patented CaverStem® procedure at the American Urological Association Annual Meeting on May 13-16, 2022, in New Orleans. This procedure utilizes patients' own stem cells to effectively treat erectile dysfunction. The company highlights landmark clinical trial results published in the Journal of Translational Medicine, demonstrating strong efficacy without major adverse effects. CaverStem® has garnered a growing physician network and offers optimized protocols that reduce costs and streamline treatment.
Creative Medical Technology Holdings (NASDAQ: CELZ) announced a Master Collaboration Agreement with the University of Miami to enhance the ImmCelz® Supercharged Autologous Immunotherapy Platform. This partnership aims to optimize the platform, involving adult stem cells to improve patients' immune response. The company is focusing on advancing therapies for conditions like stroke, type I diabetes, heart, liver, and kidney diseases. ImmCelz® is currently under FDA review for stroke clinical trials. The initiative seeks to accelerate research and clinical translation of promising results.
Creative Medical Technology Holdings (NASDAQ: CELZ) announced positive two-year follow-up results from its StemSpine® pilot study, showcasing an 87% efficacy rate in treating chronic lower back pain with no serious adverse effects reported. The StemSpine® procedure utilizes a patient's own bone marrow aspirate, offering a promising non-surgical alternative. The company plans to publish this data and present it at upcoming conferences. Positive engagement with physicians is expected, particularly at the American Academy of Orthopaedic Surgeons conference in Chicago.
Creative Medical Technology Holdings (NASDAQ: CELZ) announced an exclusive agreement with Cervos Medical for the distribution of Marrow Cellution™ devices in urology, gynecology, and sexual dysfunction. This partnership grants Creative access to advanced regenerative therapies such as CaverStem® and FemCelz®. CEO Timothy Warbington highlighted the advantages of the agreement, including a strong supply chain and intellectual property. Cervos Medical's President emphasized the collaboration's potential to improve patient outcomes using innovative stem cell solutions.
Creative Medical Technology Holdings (NASDAQ: CELZ) announced its participation in the 34th Annual Roth Conference from March 13-15, 2022, in Dana Point, California. The company specializes in regenerative approaches in immunotherapy, urology, neurology, and orthopedics. Executives will be available for one-on-one meetings during the event. For more details or to register, visit the conference's registration page. The latest investor presentation can be found on the company's IR website.
Creative Medical Technology Holdings (NASDAQ: CELZ) announced the appointment of Sahil Nock as its Chief Commercial Officer, effective February 28, 2022. Mr. Nock brings over 15 years of healthcare leadership experience, previously serving as Head of US Commercial Marketing at Mentor, and has a strong background in marketing and business development. President and CEO Timothy Warbington expressed confidence that Nock will significantly impact the company's regenerative medicine programs, including CaverStem®, FemCelz®, and StemSpine®.
Creative Medical Technology Holdings announced a public offering of 3,875,000 shares and warrants at $4.13, aiming for gross proceeds of approximately $16 million. The stock will be listed on the Nasdaq under the ticker CELZ starting December 3, 2021, with closure expected around December 7, 2021. Roth Capital Partners is leading the offering, which includes a 45-day option for underwriters to purchase additional shares. This funding is pivotal for the company's focus on regenerative treatments in immunology, urology, neurology, and orthopedics.
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