ReNeuron gets target upgrade after full year numbers
"The group is at an exciting point in its development with a strong stem cell platform grounded in IP"
Company
LON:RENE
ReNeuron Group PLC has developed a proprietary stem cell-derived, exosome-based, drug delivery platform with customisable cellular targeting capabilities for the delivery of complex drug modalities. Through the generation of several unique and scalable exosome producer cell lines, its CustomEX ™ platform can be optimised for specific tissues targets and payloads leading to improvements in therapeutic outcome and a reduction in off-target effects. ReNeuron offers a delivery mechanism for a variety of payloads such as siRNA, mRNA, proteins, small molecules and genes.
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"The group is at an exciting point in its development with a strong stem cell platform grounded in IP"
Cash deposits currently are £14.5mln, giving a runway until mid-calendar 2023 at least
Martin Walton joins as a non-executive director and "brings a wealth of relevant experience in the life sciences sector”
Chairman Iain Ross will assume responsibility for running the company, supported by chief financial officer Catherine Isted
It is also looking to find a partner for its human retinal progenitor cells programme
Fosun will spearhead the development of the CTX drug product for stroke disability in the Greater China region
Corteling has 24 years of experience in medical research and drug discovery, across the academia, biotechnology, and pharmaceutical industries
CEO Olav Hellebø was bullish about the potential of the company's exosomes research
Researchers found the pluripotent stem cells can be produced at 'mas scale' as a potential off-the-shelf product
ReNeuron’s chief scientific officer, Dr Stefano Pluchino, said: “This collaboration is another strong development for ReNeuron which demonstrates the uniqueness and strong translational potential of our proprietary iPSC technology platform
The group also said that Catherine Isted has now joined the company as a chief financial officer
The company's technology could help unlock treatments for stroke, Parkinson’s and Huntington’s diseases
The ability to deliver therapeutic proteins to a part of the brain associated with stroke, Parkinson's Disease and Huntington's Disease could offer a breakthrough for doctors - though the company is at the very early stages of the R&D proce
A summary of the small-cap stories on the Proactive website today
With the remaining people in the study expected to be treated by the end of the year, researchers are slated to present early efficacy data from the expansion cohort in the first quarter of 2022
Catherine Isted spent 12 years at partner level in two leading healthcare banking teams undertaking multiple initial public offerings and follow-on fundraisings
"Our exosome and iPSC platforms have also progressed well during the period"
"We welcome his support as we enter into a period where we expect to reach important, data-driven value inflection points across our programmes over the next 12 months," said CEO Olav Hellebø
ReNeuron said it has temporarily halted dosing further patients until it finds the cause of an infection in the latest subject
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