Site icon BioInformant

Longeveron Wins $6.7 Million in Grant Funding, Including a $750,000 MSCRF Award

Longeveron LLC

Longeveron LLC is a regenerative medicine company developing cellular solutions for aging-related diseases. The company is focused on the development of allogeneic (donor-derived) human mesenchymal stem cells (MSCs) that are harvested and grown at its manufacturing facility in Miami, Florida.

Longeveron’s MSC (LMSC) product is derived from the bone marrow of young, healthy adult donors.

In addition to manufacturing its own cells in this cGMP facility, Longeveron is conducting clinical trials and manufacturing cells for other parties through its cell therapy CMO business. A contract manufacturing organization (CMO) is a company that provides manufacturing services to cell and gene therapy companies on a contract basis.

Longeveron’s Clinical Trial Activity

In 2017, Longeveron published positive Phase I and Phase 2 clinical studies in the Journals of Gerontology that evaluated the safety and efficacy of its Mesenchymal Stem Cells in patients with Aging Frailty.

The company is now recruiting for an expanded Phase 2b Aging Frailty study that will enroll 120 participants. The trial will test three different doses of a single peripheral intravenous (IV) infusion of Longeveron Mesenchymal Stem Cells (LMSCs) against a single peripheral IV infusion of placebo. The trial is anticipated to be competed in September 2019.

Other clinical trials that Longeveron is pursuing include:

Longeveron Funding Achievements

Importantly, Longeveron has achieved a number of recent funding successes, including:

In total, the company has been the recipient of more than $6.7 million in grant funding to support the development of its unique Longeveron Mesechymal Stem Cell (LMSC) technology platform.

Longeveron and the Maryland Stem Cell Research Fund (MSCRF)

In addition to receiving $750,000 in financial support from the MSCRF, Longeveron’s alignment with the group provides other critical support as well.

The MSCRF has been instrumental in providing visibility to company, as well as connecting it with other technology groups within Maryland and country-wide.

Recently,  Longeveron’s Chief Scientific Officer, Dr. Joshua Hare, presented at the 2018 TEDCO Entrepreneur Expo & Stem Cell Symposium, held October 30, 2018, at the University of Maryland.  Longeveron was also an event sponsor. TEDCO is the legal organization that administers the MSCRF.

Having a well-capitalized champion at the state level to support stem cell therapy development within Maryland provides critical support to Longeveron at a time during which it is rapidly expanding, as well as concurrently pursuing five clinical trials across various age-related indications.

To learn more about Longeveron, visit the company at: http://longeveron.com/

Do you have questions about Longeveron’s mesechymal stem cell (LMSC) technology? Ask them in the comments below.

4.8/5 - (12 votes)
Exit mobile version