Regenicin Completes Acquisition of Worldwide Exclusive Know-How Technology
License from Lonza Walkersville


    
    Lonza to Provide Exclusive Manufacturing Services to Regenicin for new
    Proprietary Skin Production Technology




    
</pre>
<p>NEW YORK, <span class="xn-chron">Aug. 18</span> /CNW/ -- Regenicin, Inc. (OTC Bulletin Board:   WDSTD), a development stage biotechnology company, announced today that it has completed an initial <span class="xn-money">$3.25 million</span> funding in conjunction with its acquisition of a worldwide exclusive license to know-how technology controlled by Lonza Walkersville ("Lonza Agreement").  Lonza Walkersville is a subsidiary of Lonza Group Ltd. (SIX: LONN), one of the world's leading suppliers to the pharmaceutical, healthcare and life science industries and the largest cell therapy manufacturer in the world.</p>
<p/>
<p>The Lonza Agreement provides Regenicin with the worldwide marketing rights to a proprietary tissue-engineered skin substitute technology intended to restore the qualities of healthy human skin for use in the treatment of burns, chronic wounds and a variety of plastic surgery procedures.  Regenicin's management team intends to use its expertise, with the assistance of Lonza Walkersville, to further enhance its capabilities and seek approval by the U.S. Food and Drug Administration for commercial sale. Regenicin plans to seek marketing approval for this revolutionary product throughout the world under the brand name PermaDerm(TM).</p>
<p/>
<p>Pursuant to the Lonza Agreement, Lonza will retain exclusive manufacturing rights for PermaDerm(TM) products.  Additionally, a license to the patent rights and related key intellectual property comprising the technology, developed at the University of California, University of Colorado, the University of <span class="xn-location">Cincinnati</span> and Shriners Hospitals for Children, may be acquired by Regenicin if FDA approval is obtained.</p>
<p/>
<p>Regenicin secured the initial financing through a combination of convertible loans and a private placement of its common stock with several major institutions and accredited investors. NewOak Capital, Inc. and Smith Point, Ltd. acted as co-placement agents.</p>
<p/>
<p>"We are excited to have secured the funds necessary to help us complete this licensing agreement with Lonza and to prepare to advance this important technology to commercialization.  We believe Regenicin is now poised to address a significant unmet medical need as PermaDerm(TM) is the only tissue-engineered skin prepared from a patient's own skin cells," Randall McCoy, Chief Executive Officer of Regenicin said.  "The technology combines cultured epithelium with a collagen-fibroblast implant that produces a skin substitute that contains both epidermal and dermal components.  This model has been shown in preclinical studies to generate a functional skin barrier, which is an important step towards realizing the potential of regenerative medicine."</p>
<pre>
    

    About Regenicin, Inc.
    
</pre>
<p>Regenicin, Inc. is a development stage company focusing on next-generation tissue-engineered skin substitutes to restore the qualities of healthy human skin. Regenicin is a publicly traded company, with headquarters in Little Falls, NJ. Additional information can be found in the company's filings with the Securities and Exchange Commission located at <a href="http://www.sec.gov">www.sec.gov</a>.</p>
<pre>
    



    

For further information: For further information: Jay Strell of Sunshine, Sachs and Associates, +1-212-691-2800, strell@sunshinesachs.com

Organization Profile

REGENICIN, INC.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890