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Regenerative Medical Technology Group (RMTG) has achieved operational profitability in Q3, with sales expanding by 52% from $646,828 in Q3 2023 to $986,308 in Q3 2024. The company reached a 75% gross profit margin for Q3. Patient procedures, representing 37% of revenue compared to 12% last year, increased by 370% year-over-year. RMTG is preparing to launch its Dubai clinic and plans to explore building a manufacturing facility in Cancun for exosomes, stem cells, and other biologics to enhance vertical integration.
Regenerative Medical Technology Group (RMTG) announces the opening of a new clinic at the Hyatt Hotel in Jumeirah, Dubai, UAE, on November 23, 2024. The clinic will offer advanced regenerative treatments including stem cell therapies, exosome applications, NK cell therapies, and aesthetic procedures. The International Society for Stem Cell Application (ISSCA) will host a two-day conference on November 22-23, featuring theoretical sessions and hands-on demonstrations at the new facility. The clinic will serve as a distribution hub for Cellgenic products in the Middle East, including registered lyophilized exosome products.
Regenerative Medical Technology Group Inc. (formerly Meso Numismatics, Inc.) has announced a significant corporate rebranding, changing its name and stock symbol to RMTG. This change, effective October 21, 2024, marks the company's complete transition from numismatics to biotechnology and regenerative medicine.
CEO David Christensen expressed excitement about this milestone, emphasizing the company's belief in regenerative medicine as the future of health healing. The company plans to leverage the latest knowledge, inclusive technology, and hands-on training through its International Society for Stem Cell Applications (ISSCA).
The global Regenerative Medicine Market, valued at approximately $35 billion in 2022, is projected to grow to over $190 billion by 2032. RMTG aims to position itself in this rapidly expanding field by developing advanced therapies for tissue and organ repair, regeneration, and revitalization.
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