The amended agreement broadens the use of CollPlant's rhCollagen, extending beyond research applications to include clinical development and commercial-scale manufacturing.
Yehiel Tal, Chief Executive Officer of CollPlant, commented, "Expanding our partnership with STEMCELL Technologies into clinical and commercial domains reflects both the evolving needs of the life sciences market and the strength of our novel technology. This milestone highlights our shared commitment to advancing safer, more effective, and sustainable solutions for researchers and biomanufacturers alike." Mr. Tal continued, "We are proud that our plant-derived rhCollagen is being chosen as a viable alternative to animal-sourced materials - an option that aligns with growing industry priorities around safety, consistency, and ethical sourcing."
About STEMCELL Technologies
STEMCELL Technologies supports life sciences research with more than 2,500 specialized reagents, tools, and services. STEMCELL offers high-quality cell culture media, cell separation technologies, instruments, accessory products, educational resources, and contract assay services that are used by scientists performing stem cell, immunology, cancer, regenerative medicine, and cellular therapy research globally.
About CollPlant
CollPlant is a regenerative and aesthetic medicine company ushering in a new era of medical solutions with a focus on 3D bioprinting of tissues and organs, tissue repair and medical aesthetics. The Company's products are based on its rhCollagen (recombinant human collagen) produced with CollPlant's proprietary plant-based genetic engineering technology. These products address indications for the diverse fields of tissue repair, aesthetics, and organ manufacturing.
In 2021, CollPlant entered into a development and global commercialization agreement for dermal and soft tissue fillers with Allergan, an AbbVie company, the global leader in the dermal filler market.
For more information please visit http://www.collplant.com.
