CytoMed Therapeutics Announces Research Collaboration with Singapore Sengkang General Hospital to Advance Injectable Umbilical Cord-Derived Mesenchymal Stem Cells for Cartilage Diseases and Repair
Portfolio Pulse from Benzinga Newsdesk
CytoMed Therapeutics Limited (NASDAQ:GDTC), a Singapore-based biopharmaceutical company, has announced a Research Collaboration Agreement with Sengkang General Hospital to develop an injectable therapy using umbilical cord-derived mesenchymal stem cells for cartilage diseases. This collaboration aims to establish proof-of-concept and support the commencement of a Phase 1 clinical trial in Singapore, expected to complete within two years.
March 04, 2024 | 10:05 am
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CytoMed Therapeutics Limited has entered into a significant research collaboration to advance its injectable therapy for cartilage diseases, aiming for a Phase 1 clinical trial in Singapore.
The announcement of a research collaboration with a reputable hospital for a novel therapy represents a significant positive development for CytoMed. It not only validates the company's research but also opens pathways for clinical trials and potential future commercialization. This news is likely to be viewed positively by investors, potentially leading to an increase in stock price in the short term.
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