ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

CELZ Creative Medical Technology Holdings Inc

4.43
-0.17 (-3.70%)
09 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Creative Medical Technology Holdings Inc NASDAQ:CELZ NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.17 -3.70% 4.43 4.19 5.25 4.61 4.3204 4.61 3,845 01:00:00

Creative Medical Technology Holdings Announces Positive Top-Line Study Results for Chronic Lower Back Pain Utilizing its StemSpine® Procedure Using AlloStem™ Allogenic Cell Line

18/05/2023 1:00pm

PR Newswire (US)


Creative Medical Technol... (NASDAQ:CELZ)
Historical Stock Chart


From May 2023 to May 2024

Click Here for more Creative Medical Technol... Charts.

Study Demonstrated Significant Efficacy and No Serious Adverse Events

PHOENIX, May 18, 2023 /PRNewswire/ -- Creative Medical Technology Holdings, Inc. ("Creative Medical Technology" or the "Company") (NASDAQ: CELZ), a biotechnology company focused on a regenerative approach to immunotherapy, endocrinology, urology, gynecology, and orthopedics, today announced positive top line pilot study results for the StemSpine® procedure using AlloStemto treat chronic lower back pain.  The data demonstrated significant efficacy and no serious adverse events using the StemSpine® ultrasound guided non-surgical procedure for treating chronic lower back pain.

Creative Medical Technology Holdings, Inc. Logo (PRNewsfoto/Creative Medical Technology Hol)

The StemSpine® procedure using AlloStem resulted in a greater than 90% reduction in narcotic usage, greater than 80% reduction in pain score, and greater than 50% reduction in the Oswestry Score in the treated patients.  No patients required re-dosage or surgical intervention at the primary end point of six months and there were no safety related concerns.

StemSpine® using AlloStem is a patented procedure that utilizes an "off the shelf, ready-to-use" universal and proprietary allogenic (donor) cell developed by the Company and trademarked as AlloStem. The patent issued to StemSpine® includes both the use of autologous (from the patient) and allogenic (universal donor) cells.  In February 2023, the Company reported positive three-year follow-up data for its StemSpine® pilot study using autologous cells to treat chronic lower back pain.

"To our knowledge, this pilot study is the first to demonstrate safety and clinical efficacy of injecting AlloStem in areas surrounding the disc, thereby potentially repairing, remodeling, and improving the blood supply around the disc and lower back area," said Timothy Warbington, President, and CEO of the Company.  "We believe that the results of this pilot study using donor cells validate our prior work in the field in which we used the StemSpine® procedure to treat chronic lower back pain using a patient's own bone marrow harvested cells.  In evolving the application of our technology, we believe the StemSpine® procedure using AlloStem can expand treatment options for millions of Americans who suffer from chronic lower back pain by providing access to our universal donor cells." 

About Creative Medical Technology Holdings

Creative Medical Technology Holdings, Inc. is a biotechnology company dedicated to the advancement of identifying and translating novel biological therapeutics in the fields of immunotherapy, endocrinology, urology, gynecology, and orthopedics and is traded on NASDAQ under the ticker symbol CELZ. For further information about the Company, please visit www.creativemedicaltechnology.com.

Forward Looking Statements

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming clinical trials and laboratory results, marketing efforts, funding, etc. Forward-looking statements address future events and conditions and, therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. See the periodic and other reports filed by Creative Medical Technology Holdings, Inc. with the Securities and Exchange Commission and available on the Commission's website at www.sec.gov.                                           

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/creative-medical-technology-holdings-announces-positive-top-line-study-results-for-chronic-lower-back-pain-utilizing-its-stemspine-procedure-using-allostem-allogenic-cell-line-301827652.html

SOURCE Creative Medical Technology Holdings, Inc.

Copyright 2023 PR Newswire

1 Year Creative Medical Technol... Chart

1 Year Creative Medical Technol... Chart

1 Month Creative Medical Technol... Chart

1 Month Creative Medical Technol... Chart

Your Recent History

Delayed Upgrade Clock