Update on licensing Progenza in Japan

Tuesday, 3 July 2018
Regeneus Ltd (ASX: RGS), a clinical-stage regenerative medicine company, today announced it was on track to complete its clinical collaboration with a Japanese partner for Progenza in Japan in the near-term. The company had disclosed that it anticipated completing the collaboration before the end of 30 June but discussions have taken longer than originally anticipated. Part of this delay is due to there being several interested parties in active discussions for licensing Progenza. As announced on Friday, the company has entered into an R&D loan facility agreement and has drawn down $1 million. The funds will be utilised in operational expenditure.