Northerner
Admin (Retired)
- Relationship to Diabetes
- Type 1
Orgenesis Inc. (OTCQB: ORGS), a development-stage company with a novel therapeutic technology dedicated to converting a patient's own liver cells into functioning insulin-producing cells as a treatment for diabetes, announced today that its' wholly owned subsidiary in Maryland, Orgenesis Maryland, Inc., has been awarded a grant of $420,000 from the Maryland Stem Cell Research Fund (MSCRF). The grant will assist Orgenesis as the company finalizes pre-clinical work in preparation for Phase I and Phase II clinical trials in the United States. The company is located in Germantown, Maryland.
"We are honored to receive a grant from MSCRF," said Vered Caplan, chairperson and CEO of Orgenesis. "The grant will assist us as we continue preparations for Phase I and Phase II clinical trials in the United States."
Orgenesis has developed a unique approach of restoring natural insulin production and blood sugar regulation by converting cells from a patient's own liver into cells that create insulin. Orgenesis aims to release patients from the need for constant monitoring and insulin injections and to end diabetes as we know it.
http://online.wsj.com/article/PR-CO-20140529-910834.html
"We are honored to receive a grant from MSCRF," said Vered Caplan, chairperson and CEO of Orgenesis. "The grant will assist us as we continue preparations for Phase I and Phase II clinical trials in the United States."
Orgenesis has developed a unique approach of restoring natural insulin production and blood sugar regulation by converting cells from a patient's own liver into cells that create insulin. Orgenesis aims to release patients from the need for constant monitoring and insulin injections and to end diabetes as we know it.
http://online.wsj.com/article/PR-CO-20140529-910834.html