RepliCel Life Sciences Inc. (OTCQB: REPCF) (TSXV: RP) News -
April 4, 2017
Positive Results from RepliCel’s
RCS-01 Phase I Skin Trial
are the Company’s Most Compelling to Date
Interim trial results lead
researchers to conclude that the injection of RCS-01 is not only very safe, but
also has the potential to reverse effects of aging skin, representing a natural
alternative to existing anti-aging treatments
VANCOUVER, April 4, 2017 /PRNewswire/ - RepliCel Life Sciences Inc. (OTCQB:
REPCF) (TSXV:
RP) (FRA:P6P2) ("RepliCel"
or the "Company"), is pleased to report statistically and clinically significant
positive data from the interim analysis of its phase I study evaluating RCS-01
for the treatment of aging and sun-damaged skin.
The primary objective of this trial was to establish a complete safety profile
for intradermal injections of RCS-01 (RepliCel’s type 1 collagen-expressing,
hair follicle-derived fibroblasts “NBDS cells”) at six months post-injection.
Participants in the Germany-based study did not report any serious adverse
events at the interim point of the trial. Researchers also gathered compelling
positive proof-of-concept data indicating the product’s potential for skin
rejuvenation.
The study was neither powered for, nor was expected to show statistically
significant results of efficacy. However, the nearly two-fold increase in gene
expression of collagen-related biomarkers in the skin, after a single injection
of RCS-01, was so profound with a single RCS-01 injection, that the results are
considered statistically significant. The study observed the impact of the
injection on ten different biomarkers that, in peer-reviewed medical literature,
are highly correlated with skin aging and chronically sun-damaged skin. Notably,
gene expression markers, such as tissue inhibitor of metalloproteinases (TIMP),
showed significant changes expected to correlate with increased collagen fibers.
Increased collagen production, and reduced collagen degradation, is associated
with fewer wrinkles and the repair of sun-damaged skin.
“This type of positive effect on TIMP gene expression, which is related to
protection against collagen degeneration, is rarely observed. In my experience,
after decades of performing these tests, this is an exceptional finding,
particularly for a safety trial with a small sample size,” stated Prof. Dr. med
Jean Krutmann, Scientific Manager of the IUF Leibniz Research Institute for
Environmental Medicine where the study was conducted. “The promising results
demonstrate the potential of RCS-01 to promote skin rejuvenation. An increase in
collagen markers of this nature would be expected to translate into clinically
measurable and aesthetically visible effects.”

Krutmann concluded: “Replication of these results in a larger trial would
confirm our view of the product’s potential as a more natural alternative to
Botulinum toxins and fillers that only temporarily prevent and reverse the signs
of aging.”
“This study not only showed an excellent safety profile, but also provides
compelling proof-of-concept that RepliCel’s RCS-01 cells are, by nature, very
good collagen producers in the skin,” stated Dr. Rolf Hoffmann, RepliCel’s Chief
Medical Officer. “We are highly encouraged by the findings and eager to
demonstrate the correlation between the change in these biomarkers and
clinically important endpoints such as wrinkle depth, in a larger multi-centre
trial studying optimal dose and treatment frequency.”
“As a practicing dermatologist,” Hoffmann continued, “the potential of RCS-01
represents a leap-forward in the way we look at skin anti-aging, especially for
the fine wrinkles in UV-damaged skin where we have no long-lasting treatment
today. Of importance is the fact that, because RCS-01 is comprised of cells
derived from tissue at the back of the patient’s scalp, these cells are not only
very good collagen producers, but also UV- protected and therefore more
functionally active.”
“In my opinion,” Hoffmann concluded, “this is the first example of a treatment
potentially capable of rejuvenating UV-damaged skin.”
“This is the most compelling data we have announced to date,” stated RepliCel
CEO and President, R. Lee Buckler. “Longer term, this data is very complementary
to our focus on commercializing a next-generation dermal injector and its
targeted application not only with RCS-01, but also with other aesthetic
products on the market today. We look forward to discussing these findings and
the potential of our products with a number of aesthetic-focused institutional
investors and major multinational licensing partners who have already expressed
interest in our programs.”
About Aging and UV-damaged Skin Markets
Ultra-violet (UV) light exposure from the sun is responsible for up to 80% of
visible facial skin aging. According to statistics from the American Society for
Plastic Surgeons, $2.5 billion was spent on facial aesthetics in 2013 and this
is predicted to grow to over $5.4 billion by 2020. Dermal filler procedures are
growing over 15% annually.
About the RCS-01 Study
The clinical trial was a randomized, double-blind, placebo-controlled,
single-centre, phase I safety study of intradermal injections of RCS-01 in
healthy subjects. The primary endpoint was to assess the local safety profile by
recording and evaluating adverse events reported at the treatment evaluation
sites. Secondary safety measures related to any reporting of systemic adverse
events and assessment of histopathological abnormalities of the treatment sites.
Secondary endpoints also included evaluating any changes in expression of
numerous genetic markers (using real-time PCR) related to intrinsic skin aging,
skin wrinkling and solar degeneration of skin.
After trial inclusion, all participants provided a biopsy from the scalp from
which RCS-01 was prepared at a central GMP manufacturing site. Study
participants were randomized to one of two treatment subgroups that received
intradermal injections of either RCS-01 or placebo. Each participant had four
treatment evaluations sites identified on their buttocks, two on each side to
allow for a within-subject comparison of single and triple injections of RCS-01
with placebo respectively. Participants in the RCS-01 Subgroup received
injections of RCS-01 or placebo or a ‘sham’ injection (a needle penetration
without injection of liquid). Participants in the Placebo Subgroup were
randomized to receive only injections of placebo or sham injections to compare
the systemic safety profile to the RCS Subgroup.
Baseline evaluations of subjects’ overall health and skin condition at treatment
sites on their buttocks were performed before receipt of injections at Day 0. In
addition to injections delivered at Day 0, the pre-selected treatment evaluation
sites received intradermal injections of RCS-01 or placebo (cryomedium) or a
sham injection four and eight weeks after Day 0 according to a randomization
schedule for a total of three injections per treatment site.
All participants returned/will return to the clinic for at least nine visits to
monitor safety. Assessment of the local safety profile was performed by the
investigator before each injection visit, two to four days after injection, and
12 and 26 weeks after injection. The investigator was asked to examine each
treatment site for the presence or absence of local adverse events and grade
them with respect to relatedness to treatment, severity and seriousness. Other
study assessments included recording of vital signs at each visit and routine
laboratory assessments at screening, injection visits and at the Week 26 time
point. At the 12-week time point, nine randomly selected participants provided
biopsies from all injection sites for gene expression analysis of skin markers
related to aging. At Week-26 (cut-off date of the interim analysis), the
remaining participants provided biopsies of all injection sites for
histopathological analysis.
All reported pre-defined local adverse events related to injection or sham were
transient and mainly mild in intensity only. No other related local or systemic
adverse events were reported. No clinically relevant abnormal laboratory results
or abnormal vital signs were reported up to the cut-off date of this interim
analysis. Histopathological assessments of treatment evaluation site biopsies
were all judged to be normal by a blinded investigator.
About Prof. Dr. med Jean Krutmann
Prof Dr. med Jean Krutmann is Professor of Dermatology and Environmental
Medicine and Director of the IUF Leibniz Research Institute for Environmental
Medicine at the Heinrich-Heine-University Düsseldorf. He is a coordinator of the
Leibniz Research Alliance “Healthy Aging” (a strategic alliance of 23 Leibniz
institutes). His research is in the field of derma-toxicology and
immune-dermatology with special emphasis on environmentally-induced skin
diseases and skin aging. Prof. Krutmann is author or co-author of more than 200
papers. He is the recipient of the International Arnold-Rikli-Award, the Albert
Fleckenstein Award, the Paul Gerson Unna Award, the Oscar Gans Award, the
C.E.R.I.E.S. Research Support Award and the Dermopharmacy Innovation Award. He
is a visiting and adjunct professor of dermatology at the Nagoya City
University, Japan, Case Western Case Western Reserve University, Cleveland, Ohio
and University of Alabama, Birmingham, AL, USA. He is a member of the National
Academy of Science of Germany and Xu Guang Qi Lecturer, Shanghai Institute for
Biological Sciences (CAS), Shanghai, China.
About RepliCel Life Sciences
RepliCel is a regenerative medicine company focused on developing autologous
cell therapies that address conditions caused by a deficit of healthy cells
required for normal tissue healing and function. The Company’s product pipeline
is comprised of three clinical-stage products: RCT-01 for tendon repair, RCS-01
for skin rejuvenation and RCH-01 for hair restoration. RCH-01 is under exclusive
license by Shiseido Company for certain Asian countries. All product candidates
are based on RepliCel’s innovative technology, utilizing cell populations
isolated from a patient’s healthy hair follicles.
RepliCel is also developing a proprietary injection device (RCI-02) optimized
for the administration of its products and licensable for use with other
dermatology applications. Please visit http://replicel.com/ for additional
information.
For more information, please contact:
Lee Buckler, CEO and President
Telephone: 604-248-8693 / lee@replicel.com
Forward-looking information
Certain statements in this news release are forward-looking statements, which
reflect the expectations of management regarding the results of the RCS-01 Phase
1 skin trial. Forward-looking statements consist of statements that are not
purely historical, including any statements regarding beliefs, plans,
expectations or intentions regarding the future. Forward looking statements in
this news release include: statements relating to the anti-aging potential of
RCS-01, its ability to promote skin rejuvenation, and its potential as a more
natural alternative to Botulinum toxins and fillers; the Company’s expectation
that significant changes to gene expression markers are expected to correlate
with increased collagen fibers; that increased collagen production and reduced
collagen degradation should potentially lead to fewer wrinkles and the repair of
sun-damaged skin; that RepliCel’s RCS-01 cells are by nature very good collagen
producers in the skin; the potential correlation between changes in biomarkers
and clinically important endpoints; that the potential of RCS-01 represents a
leap-forward in skin anti-aging; the potential application for other aesthetic
products; and the expected timing of return of trial participants for analysis
and the process to be undertaken in connection with same. These statements are
only predictions and involve known and unknown risks which may cause actual
results and the Company’s plans and objectives to differ materially from those
expressed in the forward-looking statements, including: the risk that there will
be delays enrolling clinical trial participants; the risk that the Company will
receive negative results from the Company’s clinical trials; the effects of
government regulation on the Company’s business; risks associated with future
approvals for clinical trials; risks associated with the Company obtaining
approval for its clinical trial in Germany; risks associated with the Company
obtaining all necessary regulatory approvals for its various programs in Canada,
the USA and Germany; risks associated with the Company’s ability to obtain and
protect rights to its intellectual property; risks and uncertainties in
connection with the outstanding issues alleged by Shiseido in connection with
the License and Co-development Agreement; risks and uncertainties associated
with the Company’s ability to raise additional capital; and other factors beyond
the Company’s control. Although the Company believes that the expectations
reflected in the forward-looking statements are reasonable, it cannot guarantee
future results, levels of activity or performance. Further, any forward-looking
statement speaks only as of the date on which such statement is made and, except
as required by applicable law, the Company undertakes no obligation to update
any forward-looking statement to reflect events or circumstances after the date
on which such statement is made or to reflect the occurrence of unanticipated
events. New factors emerge from time to time, and it is not possible for
management to predict all of such factors and to assess in advance the impact of
such factors on the Company’s business or the extent to which any factor, or
combination of factors, may cause actual results to differ materially from those
contained in any forward-looking statement. Readers should consult all of the
information set forth herein and should also refer to the risk factor disclosure
outlined in the Company’s annual report on Form 20-F for the fiscal year ended
December 31, 2015 and other periodic reports filed from time-to-time with the
Securities and Exchange Commission on Edgar at www.sec.gov and with the British
Columbia Securities Commission on SEDAR at www.sedar.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
SOURCE RepliCel Life Sciences Inc.
____________________________
Recent RepliCel News:
RepliCel's Successful RCT-01 Tendon
Repair Clinical Trial Shows Signs of Healing Chronic Tendon Problems
First-in-human clinical study meets primary endpoint demonstrating product
safety and clinical potential for tendon regeneration and healing
VANCOUVER, March 28, 2017 /PRNewswire/ - RepliCel Life Sciences Inc. (OTCQB:
REPCF) (TSXV:
RP) (FRA:P6P2) ("RepliCel"
or the "Company"), is pleased to report compelling safety and clinical data from
its phase 1/2 tendon repair study investigating the use of RepliCel’s type 1
collagen-expressing, hair follicle-derived fibroblasts (RCT-01) as a treatment
for Achilles tendinosis.
The clinical trial met its goal of establishing a complete safety profile at 6
months and showed no serious adverse events related to the study treatment or
injection procedure.
Additionally, each of the treated participants, all of whom suffered chronic
tendon pain and loss of function over an extended period of time with no
recovery from standard treatments, showed numerous clinically important
improvements by various measures including tendon composition, blood supply,
physical function and pain sensation.
“Chronic tendinosis is a state of tendon degeneration that is very difficult to
reverse as is borne out by the many therapies and modalities that are used to
try and treat it,” stated Dr. Ross Davidson, an orthopedic surgeon, former
clinical professor at the Department of Orthopaedics at the University of
British Columbia, and past head physician and orthopaedic consultant for the
Vancouver Canucks (of the National Hockey League (NHL)).

“This study shows exciting clinical improvements in patients with clinically
diagnosed chronic Achilles tendinosis who were unresponsive to standard
treatments, and who had suffered for many months (in some cases, years) with
frequent pain and loss of function. Not only did the study show several
clinically important improvements in pain and function scores, but several
ultrasound measures clearly demonstrate a marked improvement in tendon
structure; something rarely seen in patients with this condition,” said
Davidson.
“With further clinical studies, this new technology could represent a
cutting-edge advancement in kick-starting a healing process that results in
tendon regeneration. For the first time, we may have a treatment that shows
signs of reversing the underlying problem, versus just treating the symptoms.
This could be a game-changer in sports medicine,” Dr. Davidson concluded.
The most clinically material improvements observed from the study are summarized
as follows:
VISA-A Scale of Achilles Tendon Injury Severity
Participants treated with RCT-01 in the per protocol population who completed
the VISA-A evaluation 6 months after receipt of injections showed clinically
relevant signals of healing including an overall 15.3% improvement in total
score compared to baseline. Two patients showed select measures of near-complete
recovery in function (by VISA-A scoring).
VAS Scale of Pain Severity
Four out of five participants treated with RCT-01 who completed questionnaires 6
months after injection showed clinically relevant signals of improvement in pain
on loading (running/jumping) based on VAS score. Average improvement in VAS
score for the four participants was 62.9% over baseline VAS score.
Three out of five participants treated with RCT-01 who completed questionnaires
6 months after injection showed improvement in pain on palpation based on VAS
score. Average improvement in VAS score for the three participants was 55.2%
over baseline VAS score.
Two patients showed select measures of near-complete elimination of pain (by VAS
scoring).
“This trial was to show the safety of injection of hair follicle-derived
non-bulbar dermal sheath cells (NBDS),” stated RepliCel’s Chief Medical Officer,
Dr. Rolf Hoffman, “as well as to repeat the landmark trials of our collaborators
who injected skin-derived fibroblasts together with PRP (Platelet-rich plasma)
in different tendinopathies. We believe the cause of healing (mechanism of
action) in those studies was the cellular collagen production and not the PRP
which, in our view, has little clinical or commercial potential as a therapeutic
product or treatment for tendon repair.”
“I am very pleased that in this trial we see some early signals of regenerative
healing in some patients and because of its similar pathogenesis, there is every
reason to believe the ability to heal Achilles tendons will extend to numerous
applications including repairing the patellar tendon of the knee (jumper's
knee), both tendons of elbow (tennis elbow, golfer's elbow), and the rotator
cuff,” observed Dr. Hoffmann. “Furthermore,” he concluded, “when we have
established that our cell therapy heals chronic tendon injury, it may then be
used by physicians for more acute injury with the goal of an approved label for
these additional treatments in the future.”
“This is a major step forward in the Company’s development of a series of
products which leverage the exciting collagen-producing capacity of these
cells,” stated RepliCel CEO, Lee Buckler. “Our management and clinical team are
very excited about the data from this trial and the potential for further
development and clinical testing of this product to treat patients without good
options for the tendon degeneration, pain and loss of function they are
experiencing. ”
Buckler concluded: “We have captured the medical and investment communities’
attention and see the results of this much anticipated, proof-of-concept
clinical study as an opportunity to advance therapies for patients and
incrementally add value for shareholders in the months ahead.”
About Achilles Tendinopathy
Achilles tendinopathy is a condition that causes pain, swelling and stiffness of
the Achilles tendon that joins your heel bone to your calf muscles. It is
thought to be caused by repeated tiny injuries to the Achilles tendon. These may
occur for a number of reasons, including overuse of the tendon; for example, in
runners. Treatments range from physiotherapy, to anti-inflammatory medications,
to surgery. For many people, symptoms of Achilles tendon injury usually clear
within three to six months of starting treatment. However, for some people the
injury does not respond to treatment and progresses to chronic tendinosis. There
is an estimated incidence rate of 656,211 new cases of mid-portion Achilles
tendinopathy each year in North America alone, according to statistics published
in the British Journal of Sports Medicine.
About the RCT-01 Tendon Repair Study
The study was designed to demonstrate the safety of a single injection of
RepliCel’s RCT-01 into the Achilles tendon. While the study was not designed to
be statistically significant for efficacy, multiple measures of efficacy were
incorporated to give insights into the product’s potential and to assist in
guiding future development decisions. Measures of whether the product may be
working included testing and scoring patient pain in various settings,
evaluating overall function, blood flow changes in the tendon, and changes in
the overall density and composition of the tendon as measured by ultrasound
imaging. For further trial details see: https://www.clinicaltrials.gov/ct2/show/NCT02330146.
The first-in-human study involved patients clinically diagnosed with chronic
Achilles tendinosis. The primary purpose of this single-centre, phase 1/2
randomized (3:1), double blind, placebo-controlled trial was to assess the
safety profile of RCT-01 injections, as compared to placebo injections. The
study also measured the potential efficacy and impact injections had on tendon
structure and function and the symptoms of Achilles tendinosis. The study was
led by principal investigator Dr. Rob Lloyd-Smith, MDCM of the University of
British Columbia (UBC) and was conducted at the UBC Sports Medicine Clinic in
Vancouver, BC, Canada. Data from such a trial, not designed for statistical
significance, often signals clinically significance, which is extremely
informative for future product development and clinical trial design. The goal
of the study was to establish sufficient evidence of safety to allow the Company
to proceed with well-powered phase 2 studies investigating optimal dosing,
treatment frequency, effect duration, etc.
As was expected with injecting 1.5mL into the Achilles tendon, all study
participants who received injections (less one RCT-01-injected participant)
reported at least one adverse event related to treatment regardless of treatment
administered (RCT-01 or placebo). The adverse events were either soreness at the
injection site or the observation of a partial thickness tear in the tendon
post-injection. Most reports of soreness resolved shortly after receiving
injections.
About Tendon Treatment Clinical Efficacy Measurements
VISA-A
The VISA-A scale aims to evaluate the clinical severity for patients with
chronic Achilles tendinopathy. It is a questionnaire which evaluates symptoms
and their effect on physical activity. It can be used to compare different
populations with chronic Achilles tendinopathy and facilitate comparisons
between studies. It can be used to determine the patient’s clinical severity.
The VISA-A represents a clinically validated, reliable and disease-specific
questionnaire to measure the condition of the Achilles tendon, but it is not a
diagnostic tool. The final version of the questionnaire was named the Victorian
Institute of Sport Assessment-Achilles Questionnaire.
VAS
A Visual Analogue Scale (VAS) is often used in epidemiologic and clinical
research to measure the intensity or frequency of various symptoms. It is an
instrument that measures a characteristic or attitude that is believed to range
across a continuum of values and cannot easily be directly measured. For
example, the amount of pain that a patient feels ranges across a continuum from
none to an extreme amount of pain. From the patient’s perspective, this spectrum
appears on a continuum, in that their pain does not take discrete jumps, as a
categorization of none, mild, moderate and severe would suggest. It was to
capture this idea of an underlying continuum that the VAS was devised.
About Dr. Ross Davidson
Dr. Davidson is the former Director, Post Graduate Programmes in Sports Medicine
at the University of Auckland, and a member of the New Zealand Orthopaedic
Association and the Canadian Orthopaedic Association. He is the past president
of the National Hockey League Physicians Society, past head physician and
orthopaedic consultant for the Vancouver Canucks Hockey Club (NHL), past
orthopaedic consultant to the Vancouver Grizzlies Basketball Team (NBA), past
orthopaedic consultant to Allan McGavin Sports Medicine Centre, and past
orthopaedic consultant to the Canadian Football League Players Association. Dr.
Davidson held the position of clinical professor, department of orthopaedics at
the University of British Columbia until 2000.
About RepliCel Life Sciences
RepliCel is a regenerative medicine company focused on developing autologous
cell therapies that address conditions caused by a deficit of healthy cells
required for normal tissue healing and function. The Company’s product pipeline
is comprised of three clinical-stage products: RCT-01 for tendon repair, RCS-01
for skin rejuvenation and RCH-01 hair restoration. RCH-01 is under exclusive
license by Shiseido Company for certain Asian countries
All product candidates are based on RepliCel’s innovative technology, utilizing
cell populations isolated from a patient’s healthy hair follicles. RepliCel has
also developed a proprietary injection device (RCI-02) optimized for the
administration of its products and licensable for use with other dermatology
applications. Please visit http://replicel.com/ for additional information.
For more information, please contact:
Lee Buckler, CEO and President
Telephone: 604-248-8693 / lee@replicel.com
Forward-looking information
This press release contains forward-looking statements and information that
involve various risks and uncertainties regarding future events, including, but
not limited to, statements regarding (i) that RCT-01 has the ability to heal
Achilles tendons, (ii) that RCT-01 will extend to numerous applications
including repairing the patellar tendon of the knee (jumper’s knee), both
tendons of elbow (tennis elbow, golfer’s elbow), and the rotator cuff, (ii) that
the results of this clinical study will act as an opportunity to advance
therapies for patients and incrementally add value for shareholders over the
months ahead.
These statements are only predictions and involve known and unknown risks which
may cause actual results and the Company’s plans and objectives to differ
materially from those expressed in the forward-looking statements, including:
the risk that there will be delays enrolling clinical trial participants; the
risk that the Company will receive negative results from the Company’s clinical
trials; the effects of government regulation on the Company’s business; risks
associated with future approvals for clinical trials; risks associated with the
Company obtaining approval for its clinical trial in Germany; risks associated
with the Company obtaining all necessary regulatory approvals for its various
programs in Canada, the USA and Germany; risks associated with the Company’s
ability to obtain and protect rights to its intellectual property; risks and
uncertainties in connection with the outstanding issues alleged by Shiseido in
connection with the License and Co-development Agreement; risks and
uncertainties associated with the Company’s ability to raise additional capital;
and other factors beyond the Company’s control. Although the Company believes
that the expectations reflected in the forward-looking statements are
reasonable, it cannot guarantee future results, levels of activity or
performance. Further, any forward-looking statement speaks only as of the date
on which such statement is made and, except as required by applicable law, the
Company undertakes no obligation to update any forward-looking statement to
reflect events or circumstances after the date on which such statement is made
or to reflect the occurrence of unanticipated events. New factors emerge from
time to time, and it is not possible for management to predict all of such
factors and to assess in advance the impact of such factors on the Company’s
business or the extent to which any factor, or combination of factors, may cause
actual results to differ materially from those contained in any forward-looking
statement. Readers should consult all of the information set forth herein and
should also refer to the risk factor disclosure outlined in the Company’s annual
report on Form 20-F for the fiscal year ended December 31, 2015 and other
periodic reports filed from time-to-time with the Securities and Exchange
Commission on Edgar at www.sec.gov and with the British Columbia Securities
Commission on SEDAR at www.sedar.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
SOURCE RepliCel Life Sciences Inc.
RepliCel's Phase 1 Clinical
Trial for Hair Loss Succeeds in Meeting Primary Endpoints
Five-year safety data firmly establishes product safety and confirms ongoing
clinical and product development strategy
VANCOUVER, March 14, 2017 /PRNewswire/ - RepliCel Life Sciences Inc. (OTCQB:
REPCF) (TSXV:
RP) (FRA:P6P2) ("RepliCel"
or the "Company"), a clinical stage regenerative medicine company developing
unique biologic products for pattern baldness and thinning hair, aging and
sun-damaged skin, and chronic tendon degeneration, today announced the
successful completion of its first-in-human clinical study of the Company's
autologous cell therapy for the treatment of androgenetic alopecia (pattern
baldness).
The Company reports the trial succesfully met its endpoints and sets the stage
for next steps in the ongoing research and development of its product, RCH-01,
for the treatment of male and female androgenetic alopecia. "As we march toward
commercialization of this product based on this first-in-human data, our aim is
to revolutionize the way we prevent, treat, and even reverse hair loss," stated
RepliCel President and CEO, R. Lee Buckler.
Safety
The five-year trial data set has confirmed the complete safety profile of a
high-dose of dermal sheath cup cells (DSCC) for patients with pattern baldness
due to androgenetic alopecia.
These DSCC form the basis for the Company's RCH-01 product. The long-term safety
of DSCC injections was demonstrated through multiple physician, patient and
independent measures of local and systemic tolerance including evaluation of
adverse events with respect to causality, incidence, severity and seriousness.
No serious adverse events were reported over the entire 60.5-month follow-up
period of the trial. Local injection tolerance was confirmed with only a few
minor scalp irritations reported around injection sites that resolved quickly
soon after injection. Furthermore, histopathological evaluation of injection
site biopsies taken six, 12, and 24 months after injection did not reveal any
pathology that was suggestive of tumour, granuloma or foreign body formation. An
analysis of injection site biopsies taken 60.5 months after injection is
currently ongoing with results expected in the next few weeks. Long-term
systemic safety of RCH-01 was also confirmed as none of the systemic adverse
events reported during the extended safety evaluation were related to treatment.
Indications of Potential Efficacy
The trial was designed to gather data related to the product's potential
efficacy through 24 months post-injection, but was not designed for statistical
significance related to any efficacy endpoints. The efficacy data collected from
all 19 patients, while not statistically significant, provides useful and
potentially exciting insights into the product's potential for the treatment of
those with androgenetic alopecia.
"We have a much greater understanding and opportunity for further insights from
the hair density responses recorded in this first-in-human trial," stated
RepliCel President and CEO, R. Lee Buckler. "This data will feedback into our
R&D programs and help us develop the best possible product and treatment
protocol for men and women suffering from androgenetic alopecia."
The seven top-tier responders in the trial saw >10% increase in hair density at
six months post-injection (see May 17, 2012 announcement). At 24 months, the
average hair density increase for these same seven participants was 8.3% ov er
baseline, and three of these seven trial participants maintained a >10% increase
in density over baseline. The largest increase in hair density over baseline
observed in this group was a 21% increase at 24 months.
The top 10 participants reported at least a 5% or greater increase in hair
density at six months post-injection with an average increase of 11.8% (as
reported in the May 17, 2012 announcement). This group demonstrated a sustained
response at 24 months which averaged a 4.2% increase over baseline hair density.
While there was a high degree of variability in hair density between individual
participants at 24 months post-injection compared to baseline, an overall
stabilization of hair loss was observed among all the patients treated per
protocol.
Management Commentary
"The purpose of collecting efficacy data in these early-stage trials," stated
RepliCel's Clinical Consultant, Darrell Panich, "is for our clinical team and
management to obtain data that can be used to inform basic decisions about
further development, provide provocative insights into the product's potential,
and ¾ perhaps most importantly ¾ provide useful feedback which we can use to
drive decisions about process and product development, ongoing research, and
future clinical trial parameters."
"We are very pleased with the unquestionable safety profile of RCH-01," stated
RepliCel's co-founder and Chief Medical Officer, Dr. Rolf Hoffmann. "Five-year
safety follow-up is rare for cell therapy products and demonstrates our
commitment to the highest quality of clinical research. Furthermore, the
efficacy signals we see validate the research and development strategy we have
had in place since we saw the six-month post-injection data in 2012."
Hoffmann continued: "Over the past 36 months, we have invested a great deal in
both basic research and manufacturing optimization which we believe will be
critical to minimizing batch-to-batch variability and further improving
efficacy. We have invested in process and product development initiatives
including a modified tissue culture technique, improved culture media with
addition of 12 new ingredients, introduction of a cell activity promoting step,
and cryopreservation storage to improve cell stability and viability. We believe
these programs have already resulted in a significantly more robust and
better-defined product than the one used in this trial by many measures and look
forward to translating our continued R&D into next-phase clinical trials in due
course."
"This trial involved the injection of a very high dose of DSCC in order to
identify any potential toxicity ceiling in accordance with the primary safety
objectives of the trial. The efficacy data we saw in this trial, together with
recent animal research data, suggests that long-term survival of injected cells
improves both with smaller dose size and with several sessions of injections
spaced-out over a set time course to cumulatively increase injected cell
numbers," stated RepliCel's co-founder and Chief Scientific Officer, Dr. Kevin
McElwee. "We expect cell number and long-term cell survival to be correlative
with hair density efficacy. Next-phase trials will be designed to test repeated
injection sessions with smaller cell doses than were used in this study."
"Furthermore," continued McElwee, "with this 24-month post-injection data, and
the availability of patient biopsy material and DSCC, we are now able to
commence gene expression analysis with a goal of identifying the differences
between products which result in superior responses and those that produce
less-than-optimal responses. Ultimately, the goal here is to correlate and
optimize cell dose and use repeat treatment sessions to achieve peak efficacy in
terms of increased hair density."
"In summary," stated RepliCel's President and CEO, R. Lee Buckler, "we are very
pleased with the results of this first-in-human study and are excited to move
this product forward into the next phases of development."
Buckler concluded: "The analysis of data collected from this study, and the
direction it gives our research and development programs, will support further
optimization of the RCH-01 treatment to be evaluated in future phase II clinical
trials. This data, combined with results expected next year from the
Shiseido-funded study ongoing in Japan, will support future negotiations with
regulators and licensees as we march toward RCH-01 commercialization.
Additionally, we are confident that using RepliCel's RCI-02 injection device
(currently under development) in future trials will better control the dose,
distribution, and depth of injections to the scalp of study participants. We
expect this to further positively impact the product's efficacy and the
uniformity of response."
About the RCH-01 Clinical Trial (2011 - 2017)
The TS001-2009 first-in-human clinical trial was designed to test the safety and
efficacy of dermal sheath cup cells (DSCC are the basis for the Company's
current RCH-01 product) in men and women with androgenetic alopecia. The primary
protocol objective of the study was to assess the local (at treatment sites)
safety profile of injections. Secondary protocol objectives were to assess
systemic (whole-body) safety and local efficacy (hair growth at treatment
sites). A total of 19 subjects (10 male and nine female) were recruited for the
trial and all of them completed 24-month post injection follow-up visits.
Seventeen of those patients went on to complete a full five years of extended
saftey evaluations to provide information on the long-term safety of DSCC
injections. For further details about the trial design, endpoints, etc see
https://www.clinicaltrials.gov/ct2/show/NCT01286649.
About RepliCel Life Sciences
RepliCel is a regenerative medicine company focused on developing autologous
cell therapies that address conditions caused by a deficit of healthy cells
required for normal tissue healing and function. The Company's product pipeline
is comprised of two recently completed clinical trials (RCT-01 for tendon repair
and RCS-01 for skin rejuvenation), as well as, its RCH-01 hair restoration
product under exclusive license by Shiseido Company for certain Asian countries.
All product candidates are based on RepliCel's innovative technology, utilizing
cell populations isolated from a patient's healthy hair follicles. RepliCel has
also developed a proprietary injection device (RCI-02) optimized for the
administration of its products and licensable for use with other dermatology
applications. Please visit http://replicel.com/ for additional information.
Forward-Looking Statements
This press release contains forward-looking statements and information that
involve various risks and uncertainties regarding future events, including, but
not limited to, statements regarding: (i) that the RCH-01 product will move
towards or be commercialized; (ii) that the RCH-01 product will revolutionize
the way that hair loss is prevented, treated, and reversed; (iii) that clinical
data from a study being conducted in Japan, financed by Shiseido, is expected in
2018; (iv) the Company's RCI-02 injection device (currently under development)
will better control the dose, distribution, and depth of injections to the scalp
of study participants and this will positively impact RCH-01's efficacy and the
uniformity of response.
These statements are only predictions and involve known and unknown risks which
may cause actual results and the Company's plans and objectives to differ
materially from those expressed in the forward-looking statements, including:
the risk that the Company will not obtain CE mark clearance or other necessary
regulatory approvals for its injection device; the risk that there will be
delays enrolling clinical trial participants; the risk that the Company will
receive negative results from the Company's clinical trials; the effects of
government regulation on the Company's business; risks associated with Shiseido
obtaining approval for its clinical trial; risks associated with the Company
obtaining all necessary regulatory approvals for its various programs in Canada,
the USA and Germany; risks associated with the Company's ability to obtain and
protect rights to its intellectual property; risks and uncertainties in
connection with the outstanding issues alleged by Shiseido in connection with
the License and Co-development Agreement; risks and uncertainties associated
with the Company's ability to raise additional capital; and other factors beyond
the Company's control. Although the Company believes that the expectations
reflected in the forward-looking statements are reasonable, it cannot guarantee
future results, levels of activity or performance. Further, any forward-looking
statement speaks only as of the date on which such statement is made and, except
as required by applicable law, the Company undertakes no obligation to update
any forward-looking statement to reflect events or circumstances after the date
on which such statement is made or to reflect the occurrence of unanticipated
events. New factors emerge from time to time, and it is not possible for
management to predict all of such factors and to assess in advance the impact of
such factors on the Company's business or the extent to which any factor, or
combination of factors, may cause actual results to differ materially from those
contained in any forward-looking statement. Readers should consult all of the
information set forth herein and should also refer to the risk factor disclosure
outlined in the Company's annual report on Form 20-F for the fiscal year ended
December 31, 2015 and other periodic reports filed from time-to-time with the
Securities and Exchange Commission on Edgar at www.sec.gov and with the British
Columbia Securities Commission on SEDAR at www.sedar.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
SOURCE RepliCel Life Sciences Inc.
RepliCel Pursues Non-Diluting
Grant Funding to Accelerate Value Creation and Commercialization
VANCOUVER, March 7, 2017 /PRNewswire/ - RepliCel Life Sciences Inc. (OTCQB:
REPCF) (TSXV:
RP) (FRA:P6P2) ("RepliCel"
or the "Company"), a clinical stage regenerative medicine company developing
unique biologic products for pattern baldness and thinning hair, aging and
sun-damaged skin, and chronic tendon degeneration, today announced the company
has retained The FreeMind Group ("FreeMind"), a premier international firm that
assists life science organizations in securing non-dilutive funding from
granting agencies and private foundations. RepliCel aims to secure non-dilutive
capital to support research, clinical development, and/or manufacturing
priorities to accelerate value creation and the commercialization of its
products.
"We have a number of strategic clinical and non-clinical projects which are
ideally positioned for external collaborations and non-dilutive funding. These
include basic research, manufacturing optimization, product development, and
clinical objectives which have the potential to create significant intellectual
property and shareholder value," stated RepliCel President and CEO, R. Lee
Buckler. "FreeMind has a proven track record and commitment to success-based
remuneration that convinces us they will bring significant value to our
programs. I look forward to updating our shareholders over the coming months
with their progress."
About The FreeMind Group
Established in 1999, The FreeMind Group is the largest consulting group of its
kind working with academics and industry alike. Their goal is to assist in
maximizing potential to receive funding from non-dilutive sources. They have
experience in seeking funding from nearly all NIH Institutes, Department of
Defense, NSF, FDA, BARDA, etc., as well as private
foundations. FreeMind's team is dedicated to guiding non-dilutive funding
efforts from identification of the most suitable opportunity, through to
submission and subsequent award. Their expertise in applying for grants and
contracts extends throughout every government mechanism, as well as private
foundations open to funding the life sciences. FreeMind's proven long-term
approach has garnered over $1.5 billion to date; awards range from $150,000 to
$150 million per client project. For more information, visit http://www.freemindconsultants.com.
About RepliCel Life Sciences
RepliCel is a regenerative medicine company focused on developing autologous
cell therapies that address conditions caused by a deficit of healthy cells
required for normal tissue healing and function. The Company's product pipeline
is comprised of two ongoing clinical trials (RCT-01 for tendon repair and RCS-01
for skin rejuvenation) as well as its RCH-01 hair restoration product under
exclusive license by Shiseido Company for certain Asian countries. All product
candidates are based on RepliCel's innovative technology, utilizing cell
populations isolated from a patient's healthy hair follicles. RepliCel has also
developed a proprietary injection device (RCI-02) optimized for the
administration of its products and licensable for use with other dermatology
applications. Please visit http://replicel.com/ for additional information.
Forward-Looking Statements
This and related press release contain forward-looking statements and
information that involve various risks and uncertainties regarding future
events. Although the Company believes that the expectations reflected in the
forward-looking statements are reasonable, it cannot guarantee future results,
levels of activity or performance. Further, any forward-looking statement speaks
only as of the date on which such statement is made and, except as required by
applicable law, the Company undertakes no obligation to update any
forward-looking statement to reflect events or circumstances after the date on
which such statement is made or to reflect the occurrence of unanticipated
events. New factors emerge from time to time, and it is not possible for
management to predict all of such factors and to assess in advance the impact of
such factors on the Company's business or the extent to which any factor, or
combination of factors, may cause actual results to differ materially from those
contained in any forward-looking statement. Readers should consult all of the
information set forth herein and should also refer to the risk factor disclosure
outlined in the Company's annual report on Form 20-F for the fiscal year ended
December 31, 2015 and other periodic reports filed from time-to-time with the
Securities and Exchange Commission on Edgar at www.sec.gov and with the British
Columbia Securities Commission on SEDAR at www.sedar.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
SOURCE RepliCel Life Sciences Inc.
RepliCel Signs Two Key Service
Partnerships for Final Prototype Manufacturing and Testing of its Dermal
Injector
Two European firms team up to lead RepliCel's next-generation dermal injector
(RCI-02) to market-ready status
VANCOUVER, Feb. 28, 2017 /PRNewswire/ - RepliCel Life Sciences Inc. (OTCQB:
REPCF) (TSXV:
RP) (FRA:P6P2) ("RepliCel"
or the "Company"), a clinical stage regenerative medicine company developing
unique biologic products for pattern baldness and thinning hair, aging and
sun-damaged skin, and chronic tendon degeneration, today announced it has
recently signed agreements with two European firms both of whom have committed
to work with RepliCel to get the Company's commercial-grade RCI-02 dermal
injector prototypes manufactured and tested.
"The execution of these agreements covers what we believe to be the final stages
needed to prepare RCI-02 for a market authorization application in the form of a
CE mark in Europe," stated RepliCel President and CEO, R. Lee Buckler. "With our
first functional protoypes scheduled for this summer, we continue to work toward
having this device ready for a CE mark application and in the hands of a
licensing and commercial partner next year," stated Buckler. "Meanwhile," he
concluded, "while we had originally hoped to receive some of our clincal data in
February, we remain confident all three clinical data sets will be received and
announced very shortly and all still before the end of the Quarter."
AMI is an Austrian manufacturer of medical technology based near the shores of
Lake Constance, within easy reach of Germany and Switzerland. AMI develops,
manufactures and distributes their medical products throughout the world. All of
them are made according to the highest quality standards and enable doctors to
take even better care of their patients.
"We are proud of our unique working relationship with AMI given that they
typically only work on their own products," stated RepliCel's Co-Founder and
Chief Medical Officer who is also a practicing dermatologist in Germany. "Their
commitment to working with us on our device is a testament to their belief in
the product's value and its ultimate potential to be widely adopted by the
aesthetics industry."
Art of Technology ("AoT"), based in Zurich Switzerland is an independent
contract developer specializing in the design, development and miniaturization
of complex customer specific electronic devices and embedded systems for use in
industrial, medical and space applications. Certified in accordance with ISO9001
and ISO13485, the firm emphasizes consistent quality documentation throughout
the duration of a project including risk analysis, management and technical
documentation to support CE approval.
About RCI-02
The RCI-02 injector was designed with input from dermatologists, industrial
designers, and electronic and medical device engineers to improve the delivery
of a variety of injectables in a controlled, precise manner, removing the risks
and uncertainties of injection outcomes currently resulting from manually
operated, single-needle syringes.
RCI-02 is the world's first motorized injection device with programmable depth
and volume, a built-in Peltier element for pre-injection anaesthetising, and
interchangeable needle head configurations. It is designed to deliver a variety
of injectable substances including cells, dermal fillers, drugs or biologics
intradermally (dermis), subcutaneously (fat) or
intramuscularly (muscle) via an array of needle configurations ranging from a
single needle to a 16 needle configuration (4x4) on one head. These
interchangeable heads can be used to perform a variety of procedures, increase
surface area coverage and speed-up procedure times.
About RepliCel Life Sciences
RepliCel is a regenerative medicine company focused on developing autologous
cell therapies that address conditions caused by a deficit of healthy cells
required for normal tissue healing and function. The Company's product pipeline
is comprised of two ongoing clinical trials (RCT-01 for tendon repair and RCS-01
for skin rejuvenation) as well as its RCH-01 hair restoration product under
exclusive license by Shiseido Company for certain Asian countries. All product
candidates are based on RepliCel's innovative technology, utilizing cell
populations isolated from a patient's healthy hair follicles. RepliCel has also
developed a proprietary injection device (RCI-02) optimized for the
administration of its products and licensable for use with other dermatology
applications. Please visit http://replicel.com/ for additional information.
Forward-Looking Statements
This and related press release contain forward-looking statements and
information that involve various risks and uncertainties regarding future
events, including, but not limited to, statements regarding: (i) that the dermal
injector device will result in a near term commercial opportunity for revenue
generation; (ii) that the dermal injector will improve the injection of
hyaluronic acid-based dermal fillers; (iii) that the device's simplicity and
programmability is expected to enable less-experienced injection specialists to
deliver predictable and consistent outcomes; (iv) that the dermal injector will
be RepliCel's next licensing deal; (v) that the dermal injector, once developed,
will represent game-changing reliability, reproducibility, and programmability
of three dimensional skin injections; (vi) that future iterations of the
technology and device will be optimized for other injectables such as drugs,
biologics, vaccines, fat grafts, etc.; (vii) that the device will be ready for a
CE-mark application and potential market launch in 2018; (viii) that the overall
benefits of dermal injector technology include improved handling, reduction or
elimination of the need for local anesthetic, quicker procedure times, improved
patient experience, and a significant expansion of the areas that can be
addressed with dermal fillers due to the ability to conduct broad, shallow, and
evenly-dispersed injections; (ix) that the device will have a profound impact on
all dermal injections; and (x) the dermal injector device will be able to be
used for fine wrinkles across broad areas, like fine wrinkles in the face, hands
and décolleté. These statements are only predictions and involve known and
unknown risks which may cause actual results and the Company's plans and
objectives to differ materially from those expressed in the forward-looking
statements, including: the risk that the Company will not obtain CE mark
clearance or other necessary regulatory approvals; the risk that there will be
delays enrolling clinical trial participants; the risk that the Company will
receive negative results from the Company's clinical trials; the effects of
government regulation on the Company's business; risks associated with the
Company obtaining approval for its clinical trial in Germany; risks associated
with the Company obtaining all necessary regulatory approvals for its various
programs in Canada, the USA and Germany; risks associated with the Company's
ability to obtain and protect rights to its intellectual property; risks and
uncertainties associated with the Company's ability to raise additional capital;
and other factors beyond the Company's control. Although the Company believes
that the expectations reflected in the forward-looking statements are
reasonable, it cannot guarantee future results, levels of activity or
performance. Further, any forward-looking statement speaks only as of the date
on which such statement is made and, except as required by applicable law, the
Company undertakes no obligation to update any forward-looking statement to
reflect events or circumstances after the date on which such statement is made
or to reflect the occurrence of unanticipated events. New factors emerge from
time to time, and it is not possible for management to predict all of such
factors and to assess in advance the impact of such factors on the Company's
business or the extent to which any factor, or combination of factors, may cause
actual results to differ materially from those contained in any forward-looking
statement. Readers should consult all of the information set forth herein and
should also refer to the risk factor disclosure outlined in the Company's annual
report on Form 20-F for the fiscal year ended December 31, 2015 and other
periodic reports filed from time-to-time with the Securities and Exchange
Commission on Edgar at www.sec.gov and with the British Columbia Securities
Commission on SEDAR at www.sedar.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
SOURCE RepliCel Life Sciences Inc.
-------------------------------------------------------------------
About RepliCel Life Sciences Inc. :
WAbout Us
RepliCel is a regenerative medicine company focused on developing autologous
cell therapies that address conditions linked to a deficit of healthy cells
required for normal healing and function.
Products / Markets. The company’s RCT-01, RCS-01, and RCH-01 cell therapies are
designed to treat chronic tendinosis, damaged or aged skin, and pattern
baldness. The company is also developing a propriety, next-generation injection
device (RCI) for optimal clinical delivery. Each condition is related to a
deficit of a specific cell type which we believe is critical to the restoration
of normal function.
Technology / IP. Innovative technology protected by both patents (issued and
filed) and trade secrets on the cell isolation, product composition,
manufacturing and clinical applications.
Partnerships. Shiseido has an exclusive license for RCH-01 in certain Asian
countries including Japan, China and South Korea. The company is actively
engaging potential partners for its other products.
Milestones. Management launched a clearly defined 18-month value creation plan
in Q1 2015. The Company is launching multiple clinical trials anticipated in
2015 in addition to Shiseido’s own clinical trial of RCH-01 and the device in
late prototype development which includes clinical data from two trials, launch
of other trials, execution of other licensing deals, a healthier cash position,
CE mark for the RCI injector device, multiple manufacturing improvements, and
specific research programs targeting other products and applications.
Executive Team
RepliCel’s Executive Team
RepliCel has attracted a seasoned, entrepreneurial management team with
extensive experience in business management, the life sciences, and the
pharmaceutical industry. Individual team members have established track records
in their respective scientific or business fields.
R. Lee Buckler, B. Ed, LLB
President, CEO & Director
Mr. Buckler has been an executive in the cell therapy sector since 2000
beginning with Malachite Management in the Stem Cell Technologies group of
companies. Most recently he was the Managing Director of Cell Therapy Group, a
firm he formed in 2008 where he did business development consulting for
companies and organizations in or interested in the cell therapy sector. His
work included deal-targeting, transactions, market intelligence, competitive
analyses, strategic assessments, and market profile planning for companies
ranging from top-tier multinationals to start-ups. Mr. Buckler has a Bachelor’s
Degree in Education and a Law Degree. After law school, he did a one year
judicial clerkship with the B.C. Supreme Court and was a practicing attorney for
three years at Edwards, Kenny & Bray. Mr. Buckler served six years as the
Executive Director of the International Society for Cellular Therapy and just
over two years as Director of Business Development for Progenitor Cell Therapy.
He is on the editorial advisory boards of the journal Regenerative Medicine and
the BioProcess International magazine as well as the Co-Chair of the Alliance
for Regenerative Medicine’s Communications and Education Committee. He
co-founded Cell Therapy News, founded Cell Therapy Blog, founded and continues
to manage the LinkedIn Cell Therapy Industry Group, co-founded Regenerative
Medicine Jobs, and is an active industry commentator in publications and in
social media. Mr. Buckler serves on numerous industry conference advisory
boards, is an advisory board member for BioCision, Phacilitate Cell & Gene
Therapy and RoosterBio, and is on the Board of Directors for Hemostemix.
Dr. Rolf Hoffmann, MD
Chief Medical Officer
Dr. Hoffmann is a European-based clinical researcher who has spent decades
researching the fields of pattern hair loss, alopecia areata, endocrinology of
the hair follicle and hair follicle morphogenesis. Together with Dr. McElwee, he
is the applicant of a landmark patent on the use of hair follicle cup cells and
their use in hair diseases. He is working clinically in his private practice, as
a teaching professor in the Department of Dermatology for Marburg University, as
well as a researcher on histopathology on hair diseases, where he has published
chapters in text books. Dr. Hoffmann has participated in dozens of clinical hair
studies and consulted for a variety of large companies on hair matters. He is
the inventor of TrichoScan®, a computerized technique to measure hair growth.
Since then, he has run a successful privately owned company to market the device
for dermatologists and to offer it as a service for clinical trials.
Dr. Kevin McElwee, PhD
Chief Scientific Officer
Dr. McElwee, co-discoverer of the Company’s technology, is an Associate
Professor in the Department of Dermatology and Skin Health at the University of
British Columbia, and Director of the Hair Research Laboratory in the Vancouver
Coastal Health Research Institute at Vancouver General Hospital (VGH). His
research is funded by competitive grants awarded by multiple organizations
including the Canadian Institutes for Health Research (the equivalent of the
National Institutes for Health in the USA). Dr. McElwee is one of only a small
group of research scientists worldwide who studies hair biology and associated
diseases. He has worked as a hair research scientist for 12 years and has
published over 70 medical journal articles, research abstracts and academic book
chapters on hair loss research. Dr. McElwee received his Bachelor of Science
degree from the University of Aberdeen, Scotland and his PhD from the University
of Dundee, Scotland. Postdoctoral training included three years at the Jackson
Laboratory in Maine and four years at the University of Marburg, Germany,
studying various hair loss diseases.
Tom Kordyback, CA
Chief Financial Officer
Tom Kordyback is a Chartered Accountant and a member of the British Columbia
Institute of Chartered Accountants with over 25 years of experience in corporate
finance and management for emerging growth companies. From 1984 to 1994, he held
senior financial positions with Glenayre Electronics Inc. and Telelink
Communications Inc. and worked as a consultant to other Vancouver area
companies. In 1995, he began working for Creo, now part of Eastman Kodak Company
as their Chief Financial Officer. In this role he oversaw private financings
totally over $80 million and in 1999 he led the company’s Initial Public
Offering on NASDAQ. He remained at Creo until 2000; at which time, the company
had over 4000 employees worldwide. In 2004, Mr. Kordyback joined Extreme CCTV
Inc., a developer and manufacturer of state-of-the-art surveillance systems
listed on the TSX. He worked for them for three years as a director and member
of its Audit, Compensation and Merger and Acquisitions Committees. In 2008 the
company was sold to Bosch Security Systems, Inc. for CDN $93 million. Mr.
Kordyback currently serves as a director of Silver Sun Resources Corp., a public
Canadian-based resource company.
Darrell Panich, MSc, PMP, CPM
Clinical Consultant
An experienced clinical trial management specialist, Mr. Panich has managed
multinational clinical research studies in more than 15 different countries for
over 20 different pharmaceutical and biotechnology companies. He obtained his
Master of Science degree from the University of Alberta while conducting
clinical research in neuroscience. Mr. Panich has obtained certifications in
project management from the Project Management Institute (Project Management
Professional; PMP) and Project Management Leadership Group (Certified Project
Manager; CPM).
RepliCel’s product pipeline leverages the unique cellular properties of the hair
follicle to develop a portfolio of products that use cells for healing.
RepliCel’s cell therapy products are developed to address specific functional
cellular deficits which occur as a result of injury, normal aging or genetic
predisposition leading to a variety of health conditions.
Future Product Pipeline
RepliCel is investing in research which has the potential to lead to a number of
future products including:
• Other chronic tendinopathies (e.g., patellar tendinosis, tennis elbow,
golfer’s elbow, rotator cuff)
• Other dermatologic indications (e.g, acne scaring, etc)
• Gingivitis
• Allogeneic versions of its proven autologous cell therapies
RCT-01 – Tendon Repair
NBDS Fibroblast Therapy – Treatment for Chronic Tendinosis
RCT-01 Development Status
RCT-01 is an autologous cell-based treatment utilizing non-bulbar dermal sheath
(NBDS) cells isolated from the hair follicle sheath to treat chronic tendinosis
caused by acute and chronic tensile overuse. The company has received Health
Canada Clearance and UBC
Ethics
approval to conduct its Phase 1/2 clinical trial for the treatment of chronic
Achilles tendinosis. The RCT-01 chronic Achilles tendinosis clinical research
study will take place at the University of British Columbia in Vancouver, BC.
RCS-01 – Skin Rejuvenation
NBDS Fibroblast Therapy – Treatment for Aging Skin
RCS-01 Development Status
The company received approval from the German Competent Authority, the
Paul-Ehrlich-Institut (PEI) for its Phase 1 clinical trial investigating the use
of RCS-01 to treat patients suffering from aged and UV-damaged skin in August
2015. The study, entitled, “Randomized, double-blind, placebo-controlled,
single-centre, phase 1 safety study of intra-dermal injections of RCS-01 in male
and female subjects (50 to 65 years old)”, addresses the inherent deficit of
active fibroblasts required for the production of type 1 collagen, elastin and
other critical extracellular dermal matrix components found in youthful skin.
The trial is being conducted at the IUF Leibniz-Institut für umweltmedizinische
Forschung GmbH in Germany.
RCH-01 – Hair Regeneration
DSC Cell Therapy – Treatment for Androgenetic Alopecia
RCH-01 Development Status
RCH-01 is an autologous cell therapy utilizing dermal sheath cup (DSC) cells
isolated from the hair follicle to treat androgenetic alopecia. RepliCel’s
proposed Phase 2 trial will enroll 160 male subjects in good health with mild to
moderate androgenetic alopecia. Dermal sheath cup cells will be isolated from a
small punch biopsy taken from the back of the subject’s scalp. These cells will
be replicated and then reintroduced into balding areas on the subjects scalp.
After injections are performed subjects will return to the clinic for assessment
of total, terminal and vellus hair density and cumulative hair thickness, as
well safety. Participants will remain in the trial for approximately 39 months.
RCH-01 is now under clinical investigation at Tokyo Medical University Hospital
and Toho University Ohasi Medical Center, by Drs. Tsuboi and Niiyama.
The study is being financed by Shiseido Company and each product being injected
will be manufactured by Shiseido at their SPEC (Cell-Processing and Expansion
Center) facility in Kobe, Japan. RepliCel helped Shiseido design, validate, and
prepare the SPEC facility for certification by Japan’s PMDA (Pharmaceuticals and
Medical Device Agency). Shiseido’s SPEC team was also trained by RepliCel and
Innovacell in the GMP (Good Manufacturing Practice) compliant production
protocols for RCH-01.
RCI-02 – Dermal Injector
Dermatology Injector Device
RCI-02 Development Status
RCI-02 is a next-generation dermal injector designed to provide an improved
level of control and precision for intradermal (dermis), subcutaneous (fat) or
intramuscular injections. Originally designed to support the injection of
RepliCel’s RCH-01 and RCS-01 cell therapy products, the injector has broader
applications for dermatological procedures requiring injections of specific
volumes of material at specific depths including cellular products, fillers,
hyaluronic acids, fat and collagen injections.
Technology
RepliCel is built on its unparalleled scientific knowledge of the unique
biological characteristics of hair follicle cells and its technical, clinical
and commercial expertise to develop, manufacture and deliver propriety products
designed to address specific cell deficits or loss of cellular function
resulting in chronic health conditions.
.SOURCE: http://replicel.com/
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1933, FNMG shall always disclose any compensation it has received, or expects to
receive in the future, for the dissemination of the information found herein on
behalf of one or more of the companies mentioned in this release. For current
services performed FNMG has been compensated six thousand nine hundred dollars for
RepliCel Life Sciences Inc. news coverage by
the company. FNMG HOLDS NO SHARES OF RepliCel Life Sciences Inc.
This release contains "forward-looking statements" within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E the Securities
Exchange Act of 1934, as amended and such forward-looking statements are made
pursuant to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. "Forward-looking statements" describe future expectations,
plans, results, or strategies and are generally preceded by words such as "may",
"future", "plan" or "planned", "will" or "should", "expected," "anticipates",
"draft", "eventually" or "projected". You are cautioned that such statements are
subject to a multitude of risks and uncertainties that could cause future
circumstances, events, or results to differ materially from those projected in
the forward-looking statements, including the risks that actual results may
differ materially from those projected in the forward-looking statements as a
result of various factors, and other risks identified in a company's annual
report on Form 10-K or 10-KSB and other filings made by such company with the
Securities and Exchange Commission. You should consider these factors in
evaluating the forward-looking statements included herein, and not place undue
reliance on such statements. The forward-looking statements in this release are
made as of the date hereof and FNMG undertakes no obligation to update such
statements.
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