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HISTOGEN INC - HSTO STOCK NEWS

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Histogen Inc. (Symbol: HSTO) is a regenerative medicine company utilizing naturally-produced products derived from newborn fibroblasts grown in a proprietary bioreactor. They focus on two primary product families: a proprietary liquid complex rich in embryonic-like proteins and growth factors, and a human extracellular matrix (ECM) material named Exceltrix. These products aim to harness the body's natural healing processes for therapeutic applications.

Despite its innovative approach, Histogen has recently faced significant challenges. On April 18, 2024, the company announced that it had filed for voluntary petitions for relief under subchapter V of Chapter 11 of the U.S. Bankruptcy Code. This filing is part of a plan to liquidate the company and distribute all value to its stakeholders. The decision follows the cessation of further development announced on September 18, 2023, where the company indicated its intention to seek approval for a Plan of Dissolution.

Histogen's journey reflects its commitment to pioneering treatments for various medical conditions. However, the strategic shift towards liquidation signifies the company's current financial predicament. Legal counsel for this process is provided by DLA Piper, LLP, with Armanino LLP serving as financial advisor.

In summary, Histogen Inc. represents a significant endeavor in the field of regenerative medicine, though its recent developments mark a pivotal change in its operational trajectory. The company’s products and research have contributed valuable insights into therapeutic applications, despite the economic hurdles encountered.

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Histogen Inc. (Nasdaq: HSTO) has priced a public offering of 14,000,000 shares of common stock at $1.00 per share, aiming to raise approximately $14 million before expenses. The offering includes warrants to purchase an additional 14,000,000 shares, each with a $1.00 exercise price and a five-year expiration. Proceeds will support working capital, product development, and general corporate needs. The offering is expected to close by January 5, 2021, pending customary conditions. H.C. Wainwright & Co. is the exclusive placement agent.

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Histogen Inc. (NASDAQ: HSTO) announced the submission of an Investigational New Drug (IND) application for HST-003, aimed at knee cartilage regeneration, anticipating a Phase 1/2 clinical trial start in Q1 2021. This follows a $2M grant from the Department of Defense to support clinical development. The trial sites will include OasisMD, The Steadman Clinic, and Walter Reed Medical Center. HST-003 aims to regenerate hyaline cartilage using a human extracellular matrix, addressing a significant need as knee injuries affect 900,000 Americans annually.

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Histogen Inc. (NASDAQ: HSTO) reported preliminary results from the Phase 1b/2a clinical trial of HST-001 for androgenic alopecia. At week 18, HST-001 showed a separation from placebo in hair growth, although it did not achieve statistical significance. The treatment was found to be safe and well tolerated, with no serious adverse events reported. Final study results are expected by early Q1 2021. HST-001 aims to offer a new therapeutic option for hair loss, enriching for key growth factors essential for hair follicle stimulation.

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Histogen Inc. (Nasdaq: HSTO) has completed a registered direct offering of 2,522,784 shares at $1.78375 each, raising approximately $4.5 million. The offering includes unregistered warrants for an additional 1,892,088 shares, exercisable at $1.70. Proceeds will be utilized for working capital and development of clinical programs, including CCM and HSC. The shares were offered under a previously filed registration statement. The offering was facilitated by H.C. Wainwright & Co.

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Histogen Inc. (HSTO) has announced a registered direct offering of 2,522,784 shares at $1.78375 each, totaling approximately $4.5 million before fees. Concurrently, unregistered warrants for 1,892,088 shares will also be issued. The closing is expected around November 16, 2020. Proceeds will support working capital and clinical developments for their programs. H.C. Wainwright & Co. is the placement agent. The shares are offered under an effective registration statement.

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Histogen (NASDAQ: HSTO) reported its Q3 2020 financials, revealing revenues of $0.5M, up from $0.3M in 2019. The company has received a $2M grant from the Department of Defense for its HST-003 cartilage regeneration trial, expected to start in Q1 2021. They are also on track to release topline data for the HST-001 trial for androgenic alopecia in Q4 2020. Histogen appointed Moya Daniels as EVP of Regulatory and Clinical Operations and entered a partnership with Amerimmune to develop emricasan for COVID-19. The company’s cash and equivalents stood at $6.6M as of September 30, 2020.

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Histogen Inc. (NASDAQ: HSTO) will announce its third-quarter financial results for the period ending September 30, 2020, on November 12, 2020, after market close. The company focuses on developing first-in-class restorative therapeutics aimed at enhancing biological functions through its innovative technology platform that utilizes cell conditioned media and extracellular matrix materials produced by hypoxia-induced multipotent cells. Histogen’s applications include hair growth, dermal rejuvenation, joint cartilage regeneration, and spinal disk repair.

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Histogen Inc. (NASDAQ: HSTO) received FDA IND approval to initiate a Phase 1 study of emricasan for mild COVID-19 patients to assess safety and tolerability. The study, led by Amerimmune LLC, is expected to start by the end of 2020 at major medical centers in New York City. Under a collaborative agreement, Histogen will maintain ownership and regulatory oversight of emricasan while Amerimmune will fund and develop it. The collaboration aims to leverage emricasan's potential in reducing disease severity and progression of COVID-19.

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Histogen Inc. (NASDAQ: HSTO) has appointed Moya Daniels as the new Executive Vice President and Head of Regulatory, Quality, and Clinical Operations. Moya brings over 30 years of experience in biotechnology, specializing in cell and gene therapy. Previously, she held leadership roles at SanBio and Orchard Therapeutics, contributing to regulatory strategies and quality assurance. Histogen aims to advance its pipeline of therapeutic candidates, leveraging Moya's expertise. This leadership change is deemed crucial for the company's clinical progress and for enhancing regulatory oversight.

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Histogen Inc. (NASDAQ: HSTO) announced the completion of patient dosing in its Phase 1b/2a trial for HST-001, aimed at treating androgenic alopecia in men. The trial involved 36 subjects and assessed safety, tolerability, and efficacy indicators. The top-line data is expected in Q4 2020. HST-001 is positioned as a potential first-in-class therapy that promotes new hair growth, differing from existing FDA-approved treatments that only reduce hair loss. Histogen's innovative technology leverages growth factors crucial for hair formation.

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FAQ

What is the current stock price of HISTOGEN (HSTO)?

The current stock price of HISTOGEN (HSTO) is $0.21 as of October 15, 2024.

What is the market cap of HISTOGEN (HSTO)?

The market cap of HISTOGEN (HSTO) is approximately 939.8K.

What does Histogen Inc. do?

Histogen Inc. is a regenerative medicine company that develops products from newborn fibroblasts grown in a proprietary bioreactor. Their focus is on two product families: a liquid complex of embryonic-like proteins and growth factors, and a human extracellular matrix (ECM) material named Exceltrix.

What recent developments have occurred at Histogen Inc.?

Histogen Inc. has filed for voluntary petitions for relief under subchapter V of Chapter 11 of the U.S. Bankruptcy Code as part of a plan to liquidate the company and distribute all value to stakeholders.

What products did Histogen Inc. develop?

Histogen Inc. developed a liquid complex rich in embryonic-like proteins and growth factors, and a human extracellular matrix (ECM) material named Exceltrix.

Why did Histogen Inc. file for bankruptcy?

Histogen Inc. filed for bankruptcy to confirm a plan of liquidation to distribute all value to its stakeholders, following the cessation of further development as announced in September 2023.

Who are Histogen Inc.'s legal and financial advisors?

Histogen Inc. is represented by DLA Piper, LLP as its legal counsel and Armanino LLP as its financial advisor.

When did Histogen Inc. announce its plan for dissolution?

Histogen Inc. announced its intention to seek approval for a Plan of Dissolution on September 18, 2023.

What is the significance of Exceltrix?

Exceltrix is a human extracellular matrix (ECM) material developed by Histogen Inc., intended to support the body's natural healing processes.

What is the proprietary liquid complex developed by Histogen?

Histogen's proprietary liquid complex is rich in embryonic-like proteins and growth factors, designed for therapeutic applications.

What industry is Histogen Inc. involved in?

Histogen Inc. operates in the regenerative medicine industry, focusing on developing therapeutics based on naturally-produced products from newborn fibroblasts.

What is the current status of Histogen Inc.?

Histogen Inc. is in the process of liquidating under Chapter 11 of the U.S. Bankruptcy Code, aiming to distribute all value to its stakeholders.

HISTOGEN INC

Nasdaq:HSTO

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939.79k
4.15M
2.85%
5.25%
1.57%
Biotechnology
Healthcare
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United States of America
San Diego