SERNOVA CORP - SEOVF STOCK NEWS

Sernova Corp. has made significant progress in its Phase 1/2 clinical trial of the Cell Pouch System for type 1 diabetes, receiving approval for a protocol amendment from the University of Chicago IRB. This allows for the testing of a second cohort of patients using an enhanced 10-channel Cell Pouch, which offers 50% greater islet capacity. Interim results from the initial cohort have informed dose optimizations, and rapid enrollment is expected due to engagement with a clinical trial recruitment agency. Further results may lead to a pivotal study design for a future BLA submission to the FDA.

Sernova Corp., a leader in regenerative cell therapeutics, announced its participation at the Roth Inaugural Healthcare Opportunities Conference on October 6, 2022, in New York City. Dr. Philip Toleikis, President & CEO, will present and engage in one-on-one investor meetings. The company focuses on developing innovative solutions for chronic diseases, aiming for a 'functional cure' for insulin-dependent diabetes through its Cell Pouch System. This system provides a safe environment for therapeutic cells, potentially serving millions of patients with diabetes and other conditions.

Sernova Corp. announced the successful exercise of all remaining share purchase warrants from a 2020 private placement, resulting in an additional $3.5 million raised. This capital will support the continued development of the Cell Pouch System for treating chronic diseases, including diabetes and hemophilia A. Dr. Philip Toleikis, President and CEO, emphasized this as a strong indicator of shareholder confidence in the company's fundamentals. Sernova now holds its strongest cash position to date, enhancing its capacity to progress in clinical studies aimed at functional cures.

Sernova Corp. (OTCQB: SEOVF) will present at the H.C. Wainwright 24th Annual Global Investment Conference in New York from September 12-14, 2022, and the LifeSci Partners HealthTech Symposium on September 20-21, 2022. CEO Dr. Philip Toleikis will present at both events, with the Wainwright presentation scheduled for September 13 at 9:00 AM ET. The company aims to highlight its regenerative medicine technologies, including the Cell Pouch System for chronic diseases like diabetes. For more details, visit Sernova's investor events page.

Sernova Corp. (OTCQB:SEOVF) announced the appointment of Daniel Mahony, Ph.D. to its Board of Directors, effective September 30, 2022. Dr. Mahony, an experienced biopharma entrepreneur, has over 25 years in healthcare investment and management. He previously co-headed Healthcare at Polar Capital, managing over $4 billion in assets. His expertise spans biotechnology and healthcare services, which will be vital for Sernova's focus on regenerative medicine. Dr. Mahony replaces Dr. Dohrmann as Evotec’s representative and aims to advance Sernova’s Cell Pouch System for chronic diseases.

Sernova Corp. has completed the second tranche of a private placement with Evotec SE, issuing 2,709,800 common shares at $2.50 per share, raising a total of $6,774,500. This brings Evotec's total investment in Sernova to $27,098,000. Sernova aims to utilize these funds for general working capital while advancing its diabetes stem cell initiative and other regenerative therapies. The company currently holds $50 million in cash, bolstered by recent warrant exercises totaling $4,493,587. The firm’s Cell Pouch System is in Phase 1/2 trials for type 1 diabetes.

Sernova Corp. (OTCQB: SEOVF) will host a virtual webcast on September 08, 2022, at 1:00 PM ET. Dr. Philip Toleikis, President & CEO, will participate in a fireside chat moderated by Dr. Douglas Loe, a healthcare analyst. Investors can register and submit questions during the event. The company focuses on regenerative medicine, specifically developing the Cell-Pouch System for chronic diseases such as insulin-dependent diabetes and hemophilia A. Sernova collaborates with the University of Miami and Evotec to advance its therapeutic technologies.

Sernova Corp. (OTCQB: SEOVF), a clinical-stage regenerative medicine company, announced participation in the Truist Securities Cell Therapy Symposium on June 28, 2022. CEO Dr. Philip Toleikis will present on 'Cell Therapy for Non-Oncology Indications' from 2:00-3:00 PM ET at the Lotte New York Palace. Sernova focuses on developing its innovative Cell-Pouch System for chronic diseases like insulin-dependent diabetes, showcasing its potential for a 'functional cure' in ongoing studies. The company also partners with Evotec for iPSC-based therapies, targeting millions with diabetes.

Sernova Corp. (OTCQB:SEOVF) presented promising clinical data on its Cell Pouch System for treating type 1 diabetes at the ADA 82nd Scientific Sessions. The Phase 1/2 trial revealed that three of six patients achieved insulin independence for over 2 years, with positive serum C-peptide values indicating active insulin production. The Cell Pouch has been well tolerated, with implantation durations exceeding 35 months. Future trials will focus on optimizing patient outcomes and utilizing a higher-capacity Cell Pouch. The company aims to provide a functional cure for insulin-dependent diabetes.