other material
confidence high
sentiment positive
materiality 0.65
Biostage highlights first-in-human esophageal success, FDA-approved IND, founder CEO return
Harvard Apparatus Regenerative Technology, Inc.
- First-in-human esophageal implant at Mayo Clinic; paper published Aug 2021 concludes 'considerable clinical use'.
- FDA-approved IND for Phase 1/2 trial (10 patients); two orphan-drug designations provide 7-year exclusivity.
- Founder David Green returned as interim CEO and Chairman in Nov 2021; invested $250k in BSTG; compensation in options.
- Cash ~$1.7M as of Nov 30, 2021; burn ~$250k/month; goals include raising capital, commencing trial, NASDAQ uplist.