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StemRIM Inc. ( (JP:4599) ) has provided an update.
StemRIM Inc. has announced that a patent for their peptide drug Redasemtide, aimed at treating cartilage disorders, will soon be registered in Europe. This development is significant as it positions StemRIM to expand its presence in the European pharmaceutical market, which is the second-largest globally. Despite the potential market impact, the financial implications for the fiscal year ending July 31, 2025, are expected to be minimal.
More about StemRIM Inc.
StemRIM Inc. is a biotech venture originating from Osaka University, focused on developing ‘Regeneration-Inducing Medicine™’. Their aim is to achieve regenerative therapy effects through drug administration without using living cells or tissues, by mobilizing mesenchymal stem cells to promote tissue repair and regeneration. The company targets a range of diseases, including osteoarthritis, myocardial infarction, and amyotrophic lateral sclerosis, among others.
Average Trading Volume: 247,268
Technical Sentiment Signal: Sell
Current Market Cap: Yen19.88B
Learn more about 4599 stock on TipRanks’ Stock Analysis page.