REG - Genflow Biosciences - Receipt of Grant Funding

Genflow BiosciencesAnnouncement

30/05/2024 07:00

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RNS Number : 3593Q  Genflow Biosciences PLC  30 May 2024

 

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30 May 2024

 

Genflow Biosciences Plc

 

Receipt of Grant Funding

 

Genflow Biosciences Plc (LSE:GENF)(OTCQB:GENFF) ("Genflow" or "the Company")
an emerging leader in the field of longevity research, focused on developing
therapeutic solutions for the prevention of age-related diseases is pleased to
announce receipt of 50% of its substantial non-diluting and non-reimbursable
research grant. The amount received totals €381,434 from the Government of
Wallonia in Belgium's Advanced Therapy Medicinal Products (ATMPs).

 

Genflow, together with its partner Revatis SA, has launched a 3-year
sarcopenia research program [see news release here
(https://genflowbio.com/wp-content/uploads/2024/01/Genflow-US-News-Release-ExoBio-Revatis-FINAL-17-JAN-24.pdf)
]. The remaining funds from the grant will be disbursed over the next two
years based on submitted invoices. The grant will be utilized as working
capital to support the Sarcopenia project.

 

The Sarcopenia Project focuses on the development of muscle progenitor cells
(MPCs) which will be loaded with Genflow's proprietary SIRT6 for the
prevention and treatment of sarcopenia. This innovative approach aims to
address the underlying causes of sarcopenia and promote muscle regeneration.
Muscle progenitor cells are a type of stem cell capable of differentiating
into muscle cells, playing a crucial role in muscle repair and regeneration.
In sarcopenic muscles, the activity and number of MPCs decline, leading to
impaired muscle regeneration. By loading MPCs with the SIRT6 gene, Genflow
aims to enhance the regenerative capacity of these cells and counteract the
detrimental effects of aging on muscle tissue.

 

Dr. Eric Leire, CEO of Genflow commented: "Sarcopenia, the age-related loss of
muscle mass and function, is a significant health issue affecting older adults
worldwide. Genflow aims to counteract the detrimental effects of aging on
muscle tissue with our Sarcopenia program, which holds potential for
significantly improving the quality of life for older adults affected by
muscle loss and weakness."

 

Contacts

 

 Genflow Biosciences  Harbor Access
 Dr Eric Leire, CEO   Jonathan Paterson, Investor Relations
 +32-477-495-881      +1 475 477 9401
                      Jonathan.Paterson@Harbor-access.com

 

 Joint Corporate Brokers
 Clear Capital Markets          Capital Plus Partners Ltd
 Bob Roberts, +44 203 869 6080  Dominic Berger, +44 203 821 6167
                                Keith Swann, +44 0203 821 6169
                                Jon Critchley, +44 0203 821 6168

 

 

About Genflow Biosciences

 

Founded in 2020, Genflow Biosciences Plc. (LSE:GENF) (OTCQB:GENFF), a
biotechnology company headquartered in the UK with R&D facilities in
Belgium, is pioneering gene therapies to decelerate the aging process, with
the goal of promoting longer and healthier lives while mitigating the
financial, emotional, and social impacts of a fast-growing aging global
population. Genflow's lead compound, GF-1002, works through the delivery of a
centenarian variant of the SIRT6 gene which has yielded promising preclinical
results. Scheduled to begin in 2025, Genflow's clinical trial aims to explore
the potential benefits of GF-1002 in treating MASH (Metabolic
Dysfunction-Associated Steatohepatitis), the most prevalent chronic liver
disease for which there is no effective treatments. Please visit
www.genflowbio.com (http://www.genflowbio.com)   and follow the Company on
LinkedIn and Twitter/X.

 

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