New York, NY -- (SBWIRE) -- 02/20/2013 -- Regen BioPharma a wholly-owned subsidiary of Bio-Matrix Scientific Group Inc. (OTC Pink: BMSN), announced last week the filing of an Investigational New Drug (IND) application with the FDA to initiate clinical trials assessing the company's HemaXellerate I™ stem cell drug in patients with drug-refractory aplastic anemia.
HemaXellerate I™ is a patient-specific composition of cells that have previously been demonstrated to repair damaged bone marrow and stimulate production of blood cells based on previous animal studies.
Bio-Matrix Scientific Group, Inc. (BMSN) is a biotechnology company developing regenerative medicine therapies.
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Organovo Holdings, Inc. (OTCQX: ONVO) announced early this month its intention to redeem two classes of outstanding warrants initially issued to investors participating in private placement financings in 2011 and 2012. The warrant redemption will raise non-dilutive capital, enable Organovo to significantly improve its balance sheet, help position the Company to qualify to list its common stock on the NYSE MKT or NASDAQ exchange, and decrease a significant portion of the derivative liability from its balance sheet.
Organovo Holdings, Inc. develops three-dimensional (3D) bioprinting technology for creating functional human tissues on demand for research and medical applications.
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