Cellular Bio pivots to China on development of AlloJoin for knee osteoarthritis [Seeking Alpha]
CELLULAR BIOMEDICINE GROUP INC (CBMG)
Last cellular biomedicine group inc earnings: 11/6 04:25 pm
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Source: Seeking Alpha
Cellular Bio pivots to China on development of AlloJoin for knee osteoarthritisBuoyed by encouraging48-week data from a China-based Phase 1 clinical trial assessing AlloJoin in patients with knee osteoarthritis (KOA), Cellular Biomedicine Group (NASDAQ:CBMG) will shelve its U.S. activities to focus on what it believes is a faster and more cost-effective route to approval in China.It will store its two U.S. AlloJoin cell banks in its Maryland facility for future use.The 48-week results on 22 patients, presented at the B. Riley FBR China Healthcare Investing & Partnering Symposium, showed a significant improvement in KOA symptoms 12 weeks after treatment and continued improvement at week 48.AlloJoin is an off-the-shelf human adipose-derived mesenchymal progenitor cell therapy.Click to subscribe to real-time analytics on CBMGNow read:uniQure (QURE) Presents At 38th Annual Cowen And Company Healthcare Conference - Slideshow »
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