Tuesday, 24 September 2013

Bioheart Announces Agreement With Invitrx

Bioheart, Inc. , a biotech company focused on the discovery, development and commercialization of autologous cell therapies for the treatment of chronic and acute heart damage as well as severe peripheral vascular disease announced yesterday that it has entered into an agreement with Invitrx Therapeutics to license their adipose derived stem cell products. The license agreement term sheet for adipose derived cells is for use in all indications in both human and animal medicine. 
Invitrx Therapeutics is a biotechnology company specializing in the culture and engineering of adult stem cells, innovative products and therapies that are used in aesthetics, wound closure, and healing, as well as, plastic and reconstructive surgery. The team at Invitrx has been working with adipose derived stem cells for over 10 years and this experience can contribute to the development and commercialization of AdipoCell (Bioheart's adipose stem cell product).

Bioheart has recently completed enrollment in the Phase I Angel Trial using adipose derived stem cells. Preliminary 3 month follow up results will be released later this quarter.

"Combining the experience and expertise of the team at Invitrx with the currently available Bioheart products will strengthen our program. We are looking forward to expanding the Angel trial and incorporating some of the newly licensed techniques," said Mike Tomas, CEO of Bioheart, Inc.

"Invitrx Therapeutics is looking forward to join forces with Bioheart Inc. to help advance and expand the product lines and the existing clinical trials in the stem cell field." said Habib Torfi, Chairman and CEO of Invitrx.

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