|Creative Medical Technology Holdings Announces Successful Completion of the First Phase of its Program with Greenstone Biosciences, Inc. to Develop Next Generation iPSC Pipeline for ImmCelz® Immunotherapy Platform|
|By: PR Newswire Association LLC. - 31 May 2023||Back to overview list
PHOENIX, May 31, 2023 /PRNewswire/ -- Creative Medical Technology Holdings, Inc. ("Creative Medical Technology" or the "Company") (NASDAQ: CELZ), a biotechnology company focused on a regenerative approach to immunotherapy, endocrinology, urology, gynecology, and orthopedics, today announced that it has received confirmation that Greenstone Biosciences Inc. in Palo Alto, CA has successfully developed a human induced pluripotent stem cell (iPSC) pipeline for the Company's ImmCelz® platform.
In June 2022, the Company announced its collaboration with Greenstone Biosciences Inc. on this project, called the iPScelz™ program, to enable the Company to increase its scalability for the ImmCelz® Immunotherapy Platform at a lower cost and continue its drug discovery program using artificial intelligence.
Dr. Joseph C. Wu, co-founder of Greenstone Biosciences, remarked, "This milestone sets the foundation for a continued collaboration that translates our expertise in iPSC technology to accelerate therapies that improve patient care – fast-tracking bench to bedside." Dr. Wu is the Director of the Stanford Cardiovascular Institute and the Simon H. Stertzer, MD, Professor of Medicine & Radiology at Stanford University.
Timothy Warbington, President and CEO of the Company, commented, "We are excited that our work with Dr. Joseph Wu and the Greenstone team at Alexandria Center for Life Sciences (ACLS) has resulted in very rapid and positive results that help accelerate our next generation pipeline. Greenstone's extensive experience in the development of iPSC technologies brings independent validation to the iPScelz™ program. We estimate that the development of this cell line will save the Company two to three years in research and development time along with associated expenses. The final iPScelz™ results in a viral-free cell line which has great potential for differentiation into therapeutic biologics both for the cellular and cell-free programs along with targeted drug discovery."
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SOURCE Creative Medical Technology Holdings, Inc.
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