STOCK TITAN

HISTOGEN INC - HSTO STOCK NEWS

Welcome to our dedicated page for HISTOGEN news (Ticker: HSTO), a resource for investors and traders seeking the latest updates and insights on HISTOGEN stock.

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.

Rhea-AI Summary

Histogen Inc. (NASDAQ: HSTO) announced that the FDA designated its product HST-002 as a drug-biologic-device combination product. This regulatory classification will impact their clinical trial timeline for HST-002, aimed at treating moderate to severe nasolabial folds. CEO Richard W. Pascoe confirmed the HST-001 Phase 1b/2a trial for androgenic alopecia in men is on track to release top-line data in 4Q20. Additionally, Histogen is progressing towards filing an IND for HST-003 for cartilage regeneration in the knee, expected in 4Q20.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4%
Tags
none
-
Rhea-AI Summary

Histogen Inc. announced that its product HST-002 has been designated as a drug-biologic-device combination product by the FDA. This classification impacts its clinical trial timeline. The company plans to report top-line data for its HST-001 trial for androgenic alopecia in men in 4Q20. Additionally, Histogen is on track to submit an IND for HST-003, aimed at knee cartilage regeneration, also expected in 4Q20. The company focuses on restorative therapeutics and utilizes innovative technologies, but emphasizes that future results are uncertain due to various risks.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4%
Tags
none
-
Rhea-AI Summary

Histogen Inc. (NASDAQ: HSTO) has received a $2 million grant from the U.S. Department of Defense to fund a Phase 1/2 clinical trial for HST-003, aimed at regenerating knee cartilage in patients with focal defects. The trial involves 15 participants and will assess safety and efficacy using traditional scoring systems and MRI evaluations. The need for better knee injury treatments is highlighted, with 900,000 Americans affected annually. Histogen's innovative approach has shown promise in preclinical studies for cartilage regeneration, emphasizing its potential for both military and civilian applications.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.91%
Tags
none
Rhea-AI Summary

Histogen Inc. (NASDAQ: HSTO) has announced the completion of patient dosing for the week 6 treatment point in its Phase 1b/2a clinical trial of HST-001, targeting androgenic alopecia in men. The trial involves 36 subjects and assesses safety, tolerability, and efficacy indicators. Histogen’s President, Richard W. Pascoe, expressed optimism about the upcoming top-line data results expected in Q4 2020, highlighting HST-001's potential as a first-in-class product that may stimulate new hair growth. The trial's primary endpoints will be evaluated at Week 18.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.72%
Tags
none
-
Rhea-AI Summary

Histogen Inc. (NASDAQ: HSTO), a clinical-stage therapeutics company, announced its participation in the HC Wainwright 22nd Annual Global Investment Conference. Richard W. Pascoe, the company's President and CEO, will present on September 15, 2020, at 11:30 a.m. Eastern Time. The presentation will be available via a live webcast, with a replay accessible for 90 days following the event on Histogen's Investors page. Histogen focuses on restorative therapeutics that promote natural biological repair, utilizing innovative technologies for various therapeutic applications.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.52%
Tags
conferences
-
Rhea-AI Summary

Histogen Inc. (NASDAQ: HSTO) reported its second-quarter 2020 results, highlighting a revenue drop to $0.1 million from $1.4 million year-over-year. The decrease is attributed to lower supply order fulfillment from Allergan. In the same duration, in-process R&D expenses surged to $7.1 million, largely due to the recent reverse merger with Conatus. The company completed enrollment for the HST-001 trial for androgenic alopecia, with topline data expected in Q4 2020. Histogen also entered a $10 million stock purchase agreement with Lincoln Park Capital and appointed Susan A. Knudson as CFO.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.48%
Tags
Rhea-AI Summary

Histogen Inc. (NASDAQ: HSTO) announced its second-quarter financial results will be released on August 13, 2020, after market close. The company specializes in developing innovative restorative therapeutics aimed at enhancing the body's natural healing processes. Histogen's proprietary technology includes cell-conditioned media and extracellular matrix materials from hypoxia-induced multipotent cells, targeting hair growth, dermal rejuvenation, joint cartilage regeneration, and spinal disk repair.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.37%
Tags
conferences earnings
-
Rhea-AI Summary

Histogen Inc. (NASDAQ: HSTO) announced that CEO Richard W. Pascoe will present at the Canaccord Genuity 40th Annual Growth Conference on August 12, 2020, at 1:30 p.m. Eastern Time. The virtual event will discuss Histogen's focus on developing first-in-class restorative therapeutics aimed at enhancing natural body repair processes. Interested participants can access the live webcast through a provided link, and a replay will be available for 90 days on the company’s website. Histogen specializes in therapeutic solutions for hair growth, dermal rejuvenation, and joint cartilage regeneration.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.85%
Tags
conferences
-
Rhea-AI Summary

Histogen Inc. (NASDAQ: HSTO) has entered a $10 million common stock purchase agreement with Lincoln Park Capital Fund. The initial purchase of $1 million has been executed, with Histogen retaining control over future sales. Proceeds will be utilized for working capital and general corporate purposes. The agreement prohibits Lincoln Park from short selling Histogen's stock. The purchase agreement is terminated at Histogen's discretion without penalties. Further details are in a Current Report on Form 8-K filed with the SEC.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.64%
Tags
none
Rhea-AI Summary

Histogen Inc. (NASDAQ: HSTO) has successfully completed patient enrollment ahead of schedule for its Phase 1b/2a clinical trial of HST 001, aimed at treating androgenic alopecia in men. The trial involves 36 subjects enrolled using a 2:1 randomization of HST 001 to placebo, with primary endpoints evaluated at Week 18 and top-line data expected in Q4 2020. HST 001, a physician-administered therapeutic, seeks to promote new hair growth, representing a potential enhancement over existing hair loss treatments. The company emphasizes its commitment to advancing this promising product.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.87%
Tags

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

HSTO Rankings

HSTO Stock Data

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