Change of name of Nominated Adviser
April 14 2010 - 2:00AM
UK Regulatory
TIDMMEDG
RNS Number : 1331K
Medgenics Inc
14 April 2010
14 April 2010
Medgenics, Inc
('Medgenics' or the 'Company')
Change of Name of Nominated Adviser
The Company announces that Blomfield Corporate Finance Limited, the Company's
Nominated Adviser has changed its name to Religare Capital Markets (UK) Limited
- trading as Religare Capital Markets.
For further information:
Andrew Pearlman +972 4 902 8900
CEO
Medgenics, Inc
James Pinner / Derek Crowhurst +44 207 444 0800
Religare Capital Markets
www.religarecm.com
Notes to Editors:
About Medgenics:
Medgenics is a clinical-stage biopharmaceutical Company developing its unique
tissue-based Biopump platform technology to provide sustained-action protein
therapy for the treatment of a range of chronic diseases. Biopumps are made
using needle biopsies taken from the lower layer of the patient's skin under
local anaesthetic, and processed during 10-14 days to become 30 mm long tissue
biofactories producing the required protein. The requisite number of Biopumps
are injected under the patient's skin to provide sustained protein production
and delivery for many months. The Company is developing the Biopump to provide
substantially greater safety and reliability in protein treatment in a more cost
effective manner than experienced with the existing injected protein therapies.
Medgenics currently has three products in development based on this technology
and addressing the indications of:
- Anaemia - using EPODURE, a Biopump producing erythropoietin (EPO)
- Hepatitis-C - using INFRADURE - a Biopump producing interferon-alpha (IFN-a)
- Haemophilia - using a Biopump to produce clotting Factor VIII
The Company's Phase I/II clinical trial using EPODURE to treat anaemia in
patients with chronic kidney disease, has demonstrated proof of concept of the
Biopump. Designed to produce and deliver a therapeutic dose of EPO steadily for
six months or more, EPODURE Biopumps have already provided effective anaemia
treatment in most of these patients for 6-12 months, even at the low
administered dose.
Medgenics intends to develop its innovative products and bring them to market
via multiple strategic partnerships with major pharmaceutical and/or medical
device companies. In addition to treatments for Anaemia, Hepatitis-C, and
Haemophilia, Medgenics plans to develop and/or out-license a pipeline of future
Biopump products targeting the large and rapidly growing global protein therapy
market, which is forecast to reach US $87 billion by 2010. Other potential
applications of Biopumps producing various proteins include multiple sclerosis,
arthritis, pediatric growth hormone deficiency, obesity, and diabetes.
<ENDS>
This information is provided by RNS
The company news service from the London Stock Exchange
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