AgeX Therapeutics, Inc. Shares Commence Trading on the NYSE American
29 Novembro 2018 - 10:00AM
Business Wire
Company’s Common Stock Listed Under Symbol
“AGE”
AgeX Therapeutics, Inc. (NYSE American: AGE), a biotechnology
company focused on the development and commercialization of
therapeutics targeting human aging, announced today that its common
stock is now trading on the NYSE American exchange under the symbol
“AGE.”
On November 28, 2018, AgeX’s former parent company, BioTime,
Inc. (NYSE American: BTX) distributed approximately 12.7 million
shares of AgeX common stock to BioTime shareholders in the ratio of
one share of AgeX common stock for every 10 BioTime common shares
owned. There are approximately 35.8 million shares of AgeX common
stock outstanding of which approximately 1.7 million are held by
BioTime and 16.4 million are held by Juvenescence Limited, a life
science and biotech company developing therapies to increase
healthy human longevity.
“The aging of our society presents both a challenge and an
opportunity,” said Michael D. West, Ph.D., Founder and CEO of AgeX.
“The challenge relates to the high prevalence of chronic
degenerative diseases in late life that account for the majority of
health care expenditures in the U.S. The opportunity offered by
modern medical research is unprecedented in history and reflects
our new-found potential to peer deeply into the molecular machinery
of life and finally understand exactly why and how we age. Our
mission at AgeX is to lead in the translation of these important
discoveries into breakthrough therapies targeting some of the
largest markets in aging and medicine.”
“We at Juvenescence are excited to be part of AgeX and to work
closely with Dr. West and his colleagues to create the science and
opportunities that will transform regenerative medicine for the
benefit of mankind,” said Gregory Bailey, M.D., CEO of Juvenescence
and the newly-appointed Chairman of the Board of Directors of
AgeX.
Additional information about AgeX, its core technologies
including its proprietary PureStem® and induced Tissue
Regeneration (iTR™) platforms, and its products in development, is
available at www.agexinc.com.
About AgeX
AgeX is a biotechnology company focused on the development of
novel therapeutics for age-related degenerative disease. AgeX’s
mission is to apply the proprietary technology platform related to
telomerase-mediated cell immortality and regenerative biology to
address a broad range of diseases of aging. The current preclinical
development efforts include two cell-based therapies derived from
telomerase-positive pluripotent stem cells and two product
candidates derived from the company’s proprietary induced Tissue
Regeneration (iTR™) technology. AGEX-BAT1 and AGEX-VASC1 are
cell-based approaches in the preclinical stage of development
comprised of young regenerative cells modified using AgeX’s
UniverCyte™ technology facilitating immune tolerance, formulated in
HyStem® matrix, designed to correct metabolic imbalances in aging
and to restore vascular support in ischemic tissues respectively.
AGEX-iTR1547 is a drug-based formulation in preclinical development
intended to restore regenerative potential in a wide array of aged
tissues afflicted with degenerative disease using the company’s
proprietary iTR technology. Renelon™ is a first-generation iTR
product designed to promote scarless tissue repair which AgeX plans
to initially develop as a topically-administered device for
commercial development through a 510(k) application. In addition to
the product candidates in early development, AgeX, through its
LifeMap subsidiary, currently markets genomic interpretation
algorithms. AgeX also markets Cytiva® comprised of PSC-derived
heart muscle cells used in screening drugs for efficacy and
safety.
For more information, please visit www.agexinc.com or connect
with the company on Twitter, Facebook and YouTube.
Forward-Looking Statements
Certain statements contained in this release are
“forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995. Any statements that are
not historical fact including, but not limited to statements that
contain words such as “will,” “believes,” “plans,” “anticipates,”
“expects,” “estimates” should also be considered forward-looking
statements. Forward-looking statements involve risks and
uncertainties. These risks and uncertainties, include, without
limitation, that there was previously no public market for AgeX
common stock and the public market created by the listing of AgeX
common stock on the NYSE American may not be sustained. Actual
results may differ materially from the results anticipated in these
forward-looking statements and as such should be evaluated together
with the many uncertainties that affect the business of AgeX
Therapeutics, Inc. and its subsidiaries, particularly those
mentioned in the cautionary statements found in more detail in the
“Risk Factors” section of AgeX’s Information Statement filed as an
exhibit to its Registration Statement on Form 10 with the
Securities and Exchange Commissions (copies of which may be
obtained at www.sec.gov). Subsequent events and developments may
cause these forward-looking statements to change. AgeX specifically
disclaims any obligation or intention to update or revise these
forward-looking statements as a result of changed events or
circumstances that occur after the date of this release, except as
required by applicable law.
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version on businesswire.com: https://www.businesswire.com/news/home/20181129005249/en/
Media Contact for AgeX:Bill DouglassGotham Communications,
LLCbill@gothamcomm.com(646) 504-0890orMark LeonardNext Level
Agency, Inc.mark@reachthenextlevel.com(847) 651-9682
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