SAN FRANCISCO, CA--(Marketwired - September 15, 2016) - The Australian government has bolstered Regeneus Ltd. (ASX: RGS), a regenerative medicine company targeting cancer, osteoarthritis and other musculoskeletal conditions, with $2.73 million in funding.
Included in this article is: Regeneus Ltd.
In a Sept. 12 press release, Regeneus Ltd. reported that monies received from the Research and Development (R&D) Tax Incentive Program will cover eligible R&D "activities conducted during the financial year 2016," which "increased to 77% compared to 68% in prior financial year." The company expects to receive similar incentives from the government agency in 2017.
Analyst Dennis Hulme of Edison Investment Research, in a report from mid-August, noted that the company is focused on "developing and commercialising its adipose-derived mesenchymal stem cell technology for musculoskeletal conditions in animals and humans." Two candidates are in Phase 1, according to the company: Progenza, an allogeneic off-the-shelf adipose stem cell therapy to treat osteoarthritis and other musculoskeletal conditions, and RGSH4K, a human autologous personalized therapeutic cancer vaccine targeting a variety of cancers. "Cancer immunotherapy, including cancer vaccines such as RGSH4K, is a biotech hotspot." Hulme wrote.
Continue reading this article: Regeneus Secures Government Funding for R&D
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Please see the end of the article for the complete disclosure: Regeneus Secures Government Funding for R&D