Creative Medical Technology Holdings Inc. Announces FDA Authorization for Groundbreaking Type 1 Diabetes Prevention Therapy Under Expanded Access
07 Marzo 2024 - 3:15PM
Business Wire
Creative Medical Technology Holdings, Inc.,
(NASDAQ:CELZ), a leader in biotech innovation, today announced
a major stride in combating Type 1 Diabetes Mellitus (T1D). The
company has secured FDA authorization for an expanded access
therapy using CELZ-201, a pioneering cell-based program in managing
abnormal glucose tolerance and preventing T1D in high-risk
individuals.
This groundbreaking therapy uses CELZ-201 to potentially prevent
T1D onset and is believed to be a first in medical history. This
personalized medicine approach, focusing on a single high-risk
patient, demonstrates the company's dedication to innovative,
tailored healthcare solutions.
Tim Warbington, CEO of Creative Medical Technology Holdings,
Inc. shared his vision: "This is a historic moment. CELZ-201,
developed after extensive research, represents our commitment to
changing the T1D landscape. FDA clearance for this therapy
underscores our drive to pioneer new pathways in disease
prevention. Where there are no current treatments, we are hoping to
provide new options."
CELZ-201 has a multi-target mechanism to address abnormal
glucose tolerance, a T1D precursor, at the cellular level. It
embodies hope for high-risk individuals, offering a proactive
defense against T1D development. This aligns with the company's
ethos of addressing diseases before they manifest, leveraging
cutting-edge science for preventative care.
Timothy Warbington added, "CELZ-201 symbolizes our dedication to
safe, innovative treatments that have the power to change lives.
This therapy is just the beginning of our journey to reshape the
future of medical care for at-risk populations globally."
About Creative Medical Technology Holdings, Inc.
Creative Medical Technology Holdings, Inc. is a biotechnology
company dedicated to the advancement of identifying and translating
novel immediately deployable FDA registered 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.
Special Note Regarding Forward Looking Statements
NASDAQ Markets has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release. 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240306958925/en/
Company Contact Creative Medical Technology
IR@CreativeMedicalTechnology.com
Investor Relations Devin Sullivan, Managing Director The
Equity Group Inc. dsullivan@equityny.com Conor Rodriguez, Analyst
crodriguez@equityny.com
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