Cellect Biotechnology Ltd. (NASDAQ: APOP), a developer of innovative technology to enable the functional selection of stem cells, has received approval to initiate the trial in the U.S. to evaluate the safety and tolerability of the ApoGraft technology for haploidentical bone marrow transplantations. The company is collaborating with Washington University School of Medicine in St. Louis on the trial. A total of 18 patients are planned for this initial phase, with enrollment expected to begin in the first half of 2020. The company has received the approval of the protocol by Washington University's Institutional Review Board, which is required before the trial can begin, follows other successful milestones, such as the IND approval from the U.S. Food and Drug Administration (FDA) in November 2019, positive feedback from the institutional independent scientific committee and a complete technology transfer during 2019.
Cellect Biotechnology Ltd. (NASDAQ: APOP), a developer of innovative technology which enables the functional selection of stem cells, today announced the publication of an article in Bone Marrow Transplantation, a peer-reviewed medical journal )member of the Nature publishing house) covering transplantation of bone marrow in humans and published monthly by the prestigious Nature Research, entitled 'Ex-vivo FAS-ligand to Improve Allograft Safety'. The article is co-authored by researchers at Cellect and its academic partners.
Tel Aviv, Israel, Nov. 7, 2019 /PRNewswire/ -- Cellect Biotechnology Ltd. (APOP), a developer of innovative technology which enables the functional selection of stem cells, announced today that on November 6, 2019, it received notice from the Nasdaq Listing Center that Cellect successfully regained compliance with the minimum bid price requirements set forth under Nasdaq Listing Rule 5550(a)(2) for continued listing on the Nasdaq Capital Market. Nasdaq notified Cellect that it was determined that from October 23, 2019 to November 5, 2019, the closing bid price of Cellect's American Depositary Shares maintained a share price of $1.00 per share or greater.
Cellect Biotechnology Ltd. (NASDAQ: APOP), a developer of innovative technology which enables the functional selection of stem cells, today announced that it has signed a development agreement with an international consortium to examine the therapeutic effects of ApoGraft treated stem cells on the reduction of pulmonary manifestations caused by COVID-19. The Company has completed the technology and material transfer and the pre-clinical studies are progressing. The development agreement includes a commercial component, enabling the Company to receive royalties upon the commercialization of the intended product. The Company did not disclose the terms of the agreement, nor any members of the international consortium.
TEL AVIV, Israel , April 27, 2020 /PRNewswire/ -- Cellect Biotechnology Ltd. (NASDAQ: APOP), a developer of innovative technology which enables the functional selection of stem cells, received an official communication from the Canadian Intellectual Property Office regarding its intention to grant Canadian Patent Application No. 2,866,358 for Apograft.
Cellect Biotechnology Ltd. (NASDAQ: APOP), a developer of innovative technology that enables the functional selection of stem cells, today announced that its Board of Directors has approved, and the company has entered, subject to definitive agreements, into a commercial binding Letter Of Intent (LOI) with Canndoc Ltd, a leading pharma grade medical cannabis pioneer, a wholly owned subsidiary of publicly-traded Intercure Ltd. (TASE: INCR).
Shares of thinly-traded nano-cap biotech Cellect Biotechnology Ltd - ADR (NASDAQ: APOP) are advancing strongly Wednesday. The Israeli company said it has entered into a commercial binding Letter of Intent with medical cannabis company Cannadoc to acquire all rights to the use of Cannadoc products for the reduction of opioid use, including accumulated data as well as ongoing and pipeline of clinical trials.Cellect has developed a technology platform called ApoGraft that selects stem cells to improve the safety and efficacy of regenerative medicine and cell therapies, while Cannadoc is a pharma grade medical cannabis company.The agreement also provides for Cannadoc supplying Cellect over the course of the next five years with a minimum of six tons of GMP pharma grade cannabis products valued at $18 million. The agreement also carries an option for a five-year extension until 2029.Related Link: Attention Biotech Investors: Mark Your Calendar For These March PDUFA DatesAs part of the agreement, Cellect will issue to Cannadoc 1.02372 million ADRs, representing 19% of its diluted share capital. Cellect will use Cannadoc's existing distribution channels for distributing the products."After a long learning process concomitant with developing our clinical pipeline, we chose to enter the medical cannabis field through the strategic alliance with a leading player and focus on the reduction in use of opioid drugs. We believe this alliance will create immense value for the patient community, the company and its shareholders," said Cellect CEO Shai Yarkoni.Merger In The Cards Apart from the strategic commercial agreement, the companies have also signed a non-binding LOI for a full merger.According to the LOI, Cellect will acquire all outstanding Cannadoc shares from its parent InterCure Ltd (OTC: IRCLF), in exchange for additional Cellect ADRs, which will represent about 95% of the merged company.The proposed merger is subject to definitive agreement, board approval and customary closing conditions, including approval by the Israeli Medical Cannabis Agency and Cellect's shareholders.Cellect shares were rising 44% to $32.97 at time of publication.See more from Benzinga * Cellect Biotech Shares Rip On Intention To Award Stem Cell-related Patents In Europe, Israel(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Cellect Biotechnology Ltd. (Nasdaq: APOP), a developer of a novel stem cell production technology, today announced operating and financial results for the fourth quarter and full year ended December 31, 2019.
Cellect Biotechnology Ltd. (Nasdaq: APOP), a developer of innovative technology which enables the functional selection of stem cells, received official communication from two jurisdictions, the European Patent Office (EPO) and the Israeli Intellectual Property Office, regarding their intention to grant European Patent Application No. 14851547.1 and Israeli Patent Application No. 244982, respectively. These patent applications include a cell-based product and a method of manufacturing a stem and progenitor cell population with enhanced activity by short incubation with an apoptotic ligand.
Companies In The News Are:
InterCure (TASE: INCR) announces today that wholly owned subsidiary, Canndoc, has entered into a strategic partnership agreement with Super-Pharm, Israel's leading and largest drugstore chain. Under the term of the agreement, Super-Pharm commits to acquire 10 tons of Canndoc's GMP medical cannabis products during a 3-year period. Canndoc's products will be securely transferred from its manufacturing facilities array to Super-Pharm's distribution center, who will be responsible for the distribution to its 41 medical cannabis authorized pharmacies.
Cellect Biotechnology Ltd. (NASDAQ: APOP), a developer of innovative technology which enables the functional selection of stem cells, today reported financial and operating results for the first quarter ended March 31, 2020 and provided an update on recent operating developments, including the status of the previously announced LOIs with Canndoc Ltd, a wholly owned subsidiary of publicly-traded Intercure Ltd. (TASE: INCR).
Companies In The News Are: APOP, APA, MCHP, CTIB
Benzinga Pro's Stocks To Watch For Tuesday Tesla (TSLA) - Tesla's Elon Musk hosted an event in Shanghai Monday evening. While the exec announced Tesla will manufacture its electric Model Y SUV in China, ...
Cellect Biotechnology Ltd. (APOP), a developer of innovative technology which enables the functional selection of stem cells, today announced the agreement by several investors to exercise certain warrants issued in February 2019 to purchase up to an aggregate of 534,160,000 ordinary shares represented by 534,160 American Depositary Shares (ADSs) having an original exercise price of $7.50 per ADS, at a reduced exercise price of $2.75 per ADSs. Simultaneously with entry into these agreements the Company determined to lower the exercise price of all outstanding warrants issued in February 2019 with an original exercise price of $7.50 to $2.75 per share. The gross proceeds to Cellect from the exercise of the warrants are expected to be approximately $1.5 million, prior to deducting placement agent fees and estimated offering expenses.
Cellect Biotechnology Ltd. (NASDAQ: APOP), a developer of innovative technology which enables the functional selection of stem cells, received an official communication from the China National Intellectual Property Administration ("CNIPA") regarding its intention to grant Chinese Patent Application No. 201380021092.5. Including this latest notification, the Company has 66 patent applications worldwide, of which 32 are issued/allowed patents.
TEL AVIV, Israel , Nov. 19, 2019 /PRNewswire/ -- Cellect Biotechnology Ltd. (NASDAQ: APOP), a developer of innovative technology which enables the functional selection of stem cells, today reported financial ...
Cellect Biotechnology Ltd. (Nasdaq: APOP) ("Cellect" or the "Company"), a developer of innovative technology which enables the functional selection of stem cells, today announced it has entered into a securities purchase agreement with institutional investors for the purchase and sale of 1,000,000 American Depositary Shares ("ADSs"), each representing 100 of the Company's ordinary shares, at an offering price of $3.00 per ADS, pursuant to a registered direct offering. The gross proceeds of the offering will be approximately $3,000,000 before deducting fees and other estimated offering expenses. The closing of the registered direct offering is expected to take place on or about January 10, 2020, subject to the satisfaction of customary closing conditions.
If you're interested in Cellect Biotechnology Ltd. (NASDAQ:APOP), then you might want to consider its beta (a measure...
We can readily understand why investors are attracted to unprofitable companies. For example, although...