Orgenesis Announces Strategic Partnership with Harley Street Healthcare Group to Launch a State-of-the-Art Longevity & Wellness Initiative Globally
14 Agosto 2024 - 7:30AM
Orgenesis Inc. (NASDAQ: ORGS)
(“Orgenesis” or the “Company”), a global biotech company working to
unlock the full potential of cell and gene therapies (CGT) in order
to improve access and outcomes in healthcare, today announced a
strategic partnership agreement with Harley Street Healthcare Group
(HSHG) – an innovative and forward-looking healthcare provider
focused on delivering world-class, proactive, personalized and
preventative health & wellness services, based in London with a
global presence. This partnership aims to accelerate the clinical
development and commercialization of advanced wellness and
longevity therapies and products to a global customer base, aimed
at significantly reducing the impact of lifestyle-related illnesses
on people’s health.
Under the terms of the agreement, Orgenesis and
HSHG will establish a joint venture (JV), with Orgenesis owning 49%
and HSHG owning 51% of the entity. The JV will focus on launching
innovative health and wellness services, including personalized
preventative care and regenerative therapies. The goal is to
establish a comprehensive "Health-Wellness-as-a-Service" (HWAAS)
model, leveraging HSHG’s established healthcare network and
Orgenesis' cutting-edge biotech innovations.
The JV intends to introduce a suite of wellness
and longevity products by the end of 2024 that will include immune
cell banking, aging and longevity therapies, preventative illness
screening, and regenerative therapies using stem cells. The initial
rollout will target key global regions, including the United
Kingdom, UAE, MENA, Canada, ASEAN, the Balkans, Africa, Latam, and
the Indian subcontinent.
In connection with the agreement, HSHG has
agreed to invest up to $10 million over three years into Orgenesis
and the joint venture.
Vered Caplan, CEO of Orgenesis, commented, “This
partnership with Harley Street Healthcare Group marks a significant
milestone in Orgenesis’ strategy to expand our footprint in the
global wellness market. By combining our expertise in cell and gene
therapies with HSHG’s clinical excellence, we are poised to deliver
innovative health solutions and our goal will be to redefine
patient care and longevity. Importantly, Harley Street has
demonstrated its commitment to the JV through a direct investment
in both Orgenesis and the JV. We could not be more excited about
this collaboration and its potential to rapidly deploy
cutting-edge, longevity-focused health and wellness services.”
Sanjeev Kumar, Founder & Chief Visionary
Officer of Harley Street Healthcare Group, added, “In our mission
to making 90 the new 50 a reality, we are thrilled to collaborate
with Orgenesis and have Vered and her team be our strategic
partners in this transformative venture. I believe that our shared
vision of enhancing health outcomes through innovative therapies
and services will pave the way for a new era in personalized
medicine and preventative care.”
About Harley Street Healthcare
Group
Harley Street Healthcare Group (HSHG), including
its brands and subsidiaries, the Harley Club and HARLEY of LONDON,
provides integrated health & wellness services to its global
client base by bringing together the best of modern medicine,
state-of-the-art technological innovations wrapped around the
resourcefulness of ancient healing systems. Based in London with a
growing global presence, HSHG is focused on being an invested
partner in the health & wellness journey of its customers
through a proactive, personalized and preventative approach to
delivering healthcare, moving away from the current industrial sick
care system.
More information on the group is available
at:
www.theharleyclub.com,
www.harleyoflondon.co.uk
About OrgenesisOrgenesis is a
global biotech company that has been committed to unlocking the
potential of cell and gene therapies (CGTs) since 2012 as well as a
paradigm-shifting decentralized approach to processing since 2020.
This new model allows Orgenesis to bring academia, hospitals, and
industry together to make these essential therapies a reality
sooner rather than later. Orgenesis is focusing on advancing its
CGTs toward eventual commercialization, while partnering with key
industry stakeholders to provide a rapid, globally harmonized
pathway for these therapies to reach and treat a larger numbers of
patients more cost effectively and with better outcomes through
great science and decentralized production. Additional information
about the Company is available at: www.orgenesis.com.
Notice Regarding Forward-Looking
Statements This press release contains forward-looking
statements which are made pursuant to the safe harbor provisions of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities and Exchange Act of 1934, as amended. These
forward-looking statements involve substantial uncertainties and
risks and are based upon our current expectations, estimates and
projections and reflect our beliefs and assumptions based upon
information available to us at the date of this release. We caution
readers that forward-looking statements are predictions based on
our current expectations about future events. These forward-looking
statements are not guarantees of future performance and are subject
to risks, uncertainties and assumptions that are difficult to
predict. Our actual results, performance or achievements could
differ materially from those expressed or implied by the
forward-looking statements as a result of a number of factors,
including, but not limited to, the timing and amount of HSHG’s
investment in our securities, our ability to successfully implement
this joint venture with HSHG, the potential delisting of our
securities from Nasdaq, our ability to secure additional capital,
our reliance on, and our ability to grow our point-of-care cell
therapy platform, our ability to achieve and maintain overall
profitability, our ability to manage our research and development
programs that are based on novel technologies, our ability to
control key elements relating to the development and
commercialization of therapeutic product candidates with third
parties, the timing of completion of clinical trials and studies,
the availability of additional data, outcomes of clinical trials of
our product candidates, the potential uses and benefits of our
product candidates, the sufficiency of working capital to realize
our business plans and our ability to raise additional capital, the
development of our POCare strategy, our trans differentiation
technology as therapeutic treatment for diabetes, the technology
behind our in-licensed ATMPs not functioning as expected, our
ability to further our CGT development projects, either directly or
through our JV partner agreements, and to fulfill our obligations
under such agreements, our license agreements with other
institutions, our ability to retain key employees, our competitors
developing better or cheaper alternatives to our products, risks
relating to legal proceedings against us and the risks and
uncertainties discussed under the heading "RISK FACTORS" in Item 1A
of our Annual Report on Form 10-K for the fiscal year ended
December 31, 2023, and in our other filings with the Securities and
Exchange Commission. We undertake no obligation to revise or update
any forward-looking statement for any reason.
IR contact for Orgenesis:Crescendo
Communications, LLCTel: 212-671-1021Orgs@crescendo-ir.com
Communications contact for
OrgenesisIB CommunicationsNeil Hunter / Michelle BoxallTel
+44 (0)20 8943
4685neil@ibcomms.agency / michelle@ibcomms.agency
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