CollPlant Biotechnologies Presents on the Use of Novel, Plant-Derived, Recombinant Human Collagen for Anti-Aging Therapies at the Science of Aging Virtual Symposium 2020
CollPlant (NASDAQ: CLGN) presented its plant-derived recombinant human collagen (rhCollagen) technology at the Science of Aging Virtual Symposium 2020. Dr. Nadav Orr discussed its applications in anti-aging therapies, highlighting the company's Skin Rejuvenation and Breast Implant pipelines. Data showed that a combination of rhCollagen and hyaluronic acid significantly enhanced the proliferation of normal human dermal fibroblasts after an 8-day treatment. The company is also focused on 3D bioprinting and has strategic partnerships with United Therapeutics and 3D Systems for developing innovative medical applications.
- Successful presentation of rhCollagen technology at a prominent symposium.
- Statistically significant enhancement in cell proliferation with rhCollagen demonstrated.
- Strong pipeline in Skin Rejuvenation and Breast Implant products.
- Company's history of significant losses raises concerns about financial stability.
- Dependence on third parties for product manufacturing and sales may pose risks.
REHOVOT, Israel, Sept. 16, 2020 /PRNewswire/ -- CollPlant (NASDAQ: CLGN) a regenerative and aesthetic medicine company, today announced that Dr. Nadav Orr, Vice President of R&D, presented a corporate overview on the dynamics of cellular aging during Session 3 of the Science of Aging Virtual Symposium 2020. The presentation was titled, "Use of Novel, Plant-Derived, Recombinant Human Collagen for Anti-Aging Therapies."
"We are proud to showcase our plant-derived, recombinant human collagen or rhCollagen platform technology at the exclusive Science of Aging Virtual Symposium 2020 alongside other innovative companies in the aesthetic medicine space," says Dr. Nadav Orr, Vice President of R&D, CollPlant. "Additionally, September is Healthy Aging Month, which presents the ultimate opportunity for us as a company to illuminate our revolutionary Skin Rejuvenation and Breast Implant product pipeline inclusive of our photocurable dermal fillers."
Data presented at the symposium demonstrated smooth injectability and a statistically significant enhancement in proliferation of normal human dermal fibroblasts (nHDF) for cells treated with a combination of hyaluronic acid and rhCollagen relative to HA only following an 8-day treatment period.
About CollPlant
CollPlant is a regenerative and aesthetic medicine company focused on 3D bioprinting of tissues and organs, and medical aesthetics. Our products are based on our rhCollagen (recombinant human collagen) that is produced with CollPlant's proprietary plant based genetic engineering technology.
Our products address indications for the diverse fields of tissue repair, aesthetics and organ manufacturing, and, we believe, are ushering in a new era in regenerative and aesthetic medicine.
Our flagship rhCollagen BioInk product line is ideal for 3D bioprinting of tissues and organs. In October 2018, we entered into a licensing agreement with United Therapeutics, whereby United Therapeutics is using CollPlant's BioInks in the manufacture of 3D bioprinted lungs for transplant in humans.
In January 2020, we also entered into a Joint Development Agreement with 3D Systems Corporation, or 3D Systems, pursuant to which we and 3D Systems jointly develop tissue and scaffold bioprinting processes for third party collaborators. Our industry collaboration also includes the Advanced Regenerative Manufacturing Institute, or ARMI.
For more information about CollPlant, visit http://www.collplant.com.
Safe Harbor Statements
This press release may include forward-looking statements. Forward-looking statements may include, but are not limited to, statements relating to CollPlant's objectives plans and strategies, as well as statements, other than historical facts, that address activities, events or developments that CollPlant intends, expects, projects, believes or anticipates will or may occur in the future. These statements are often characterized by terminology such as "believes," "hopes," "may," "anticipates," "should," "intends," "plans," "will," "expects," "estimates," "projects," "positioned," "strategy" and similar expressions and are based on assumptions and assessments made in light of management's experience and perception of historical trends, current conditions, expected future developments and other factors believed to be appropriate. Forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such statements. Many factors could cause CollPlant's actual activities or results to differ materially from the activities and results anticipated in forward-looking statements, including, but not limited to, the following: the Company's history of significant losses, its ability to continue as a going concern, and its need to raise additional capital and its inability to obtain additional capital on acceptable terms, or at all; the outbreak of coronavirus; the Company's expectations regarding the timing and cost of commencing clinical trials with respect to tissues and organs which are based on its rhCollagen based BioInk and products for medical aesthetics; the Company's ability to obtain favorable pre-clinical and clinical trial results; regulatory action with respect to rhCollagen based BioInk and medical aesthetics products including but not limited to acceptance of an application for marketing authorization review and approval of such application, and, if approved, the scope of the approved indication and labeling; commercial success and market acceptance of the Company's rhCollagen based products in 3D Bioprinting and medical aesthetics; the Company's ability to establish sales and marketing capabilities or enter into agreements with third parties and its reliance on third party distributors and resellers; the Company's ability to establish and maintain strategic partnerships and other corporate collaborations; the Company's reliance on third parties to conduct some or all aspects of its product manufacturing; the scope of protection the Company is able to establish and maintain for intellectual property rights and the Company's ability to operate its business without infringing the intellectual property rights of others; the overall global economic environment; the impact of competition and new technologies; general market, political, and economic conditions in the countries in which the Company operates; projected capital expenditures and liquidity; changes in the Company's strategy; and litigation and regulatory proceedings. More detailed information about the risks and uncertainties affecting CollPlant is contained under the heading "Risk Factors" included in CollPlant's most recent annual report on Form 20-F filed with the SEC, and in other filings that CollPlant has made and may make with the SEC in the future. The forward-looking statements contained in this press release are made as of the date of this press release and reflect CollPlant's current views with respect to future events, and CollPlant does not undertake and specifically disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Contact at CollPlant:
Eran Rotem
Deputy CEO & CFO
Tel: +972-73-2325600
Email: Eran@collplant.com
Sophia Ononye-Onyia, PhD MPH MBA
Founder & CEO, The Sophia Consulting Firm
Tel: +1-347-851-8641
Email: sophia@sophiaconsultingfirm.com
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