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Regeneus (ASX:RGS) receives U.S. Patent for Sygenus

Health Care
ASX:RGS
19 August 2020 17:00 (AEDT)
Regeneus (ASX:RGS) - CEO, Leo Lee

Source: Regeneus

Regenerative medicine company Regeneus (RGS) has received a U.S. patent for Sygenus, a topical serum and gel treatment for pain and inflammation.

The company announced today it had received an issue of allowance from the U.S Patent and Trademark Office.

The patent will cover the treatment of a broad range of non-inflammatory skin conditions with adipose-derived cell secretions, including age spots, sun spots, thinning skin, wrinkles and other age-related degenerative diseases.

The patent will cover commercial rights in the U.S. through to 2032.

“This patent will expand the application of our Secretome-only technology platform Sygenus into the US$53 billion-dollar (approximately A$73 billion) Aesthetics Therapeutic market,” CEO and Executive Director Leo Lee said.

“We’re pleased to broaden our intellectual property (IP) portfolio and look forward to applying Sygenus to a broad range of skin conditions,” he added.

Regeneus is up 14.3 per cent on the market this afternoon and is trading for 16 cents per share at 1:00 pm AEST.

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