Swiss Bioscience GmbH ("Swiss Bioscience"), a Switzerland-based life sciences company with GMP manufacturing capabilities, and OrganTech, Inc. ("OrganTech"), a Japan-based biotechnology company developing innovative technologies in hair regeneration and other fields, today announced that they have signed a non-binding Memorandum of Understanding (MOU) to explore a strategic collaboration for the development and commercialization of OrganTech's hair regeneration technologies in Europe.

The MOU follows discussions between the two companies regarding the potential combination of OrganTech's research and technology platform in hair regeneration with Swiss Bioscience's GMP manufacturing platform in Switzerland, clinical research capabilities, and presence in the European market. Within the framework of the MOU, OrganTech has selected Swiss Bioscience as its preferred strategic partner in Europe for the regulatory development, GMP manufacturing, clinical research, and potential commercialization of the conditioned medium technology.

Initial Focus on Hair Follicle Cell-Derived Conditioned Medium
As an initial area of collaboration, OrganTech and Swiss Bioscience intend to explore the potential licensing and technology transfer of OrganTech's technology related to conditioned medium derived from allogeneic hair follicle cells.

The companies plan to discuss a framework encompassing technology transfer, manufacturing under an appropriate GMP environment, regulatory strategy, clinical research, and potential commercialization in Switzerland and the broader European market.

As part of these efforts, the companies also intend to begin preliminary scientific, technical, and regulatory assessments to evaluate potential pathways for future clinical research and technology transfer in Switzerland.

Toward a Broader Strategic Collaboration
The collaboration relating to allogeneic hair follicle cell-derived conditioned medium represents an initial step in the relationship between OrganTech and Swiss Bioscience.

Building on the progress of this initial collaboration, and in accordance with the framework set forth in the MOU, the two companies intend to continue exploring opportunities to develop a broader and long-term strategic relationship in the field of hair regeneration.

By combining OrganTech's scientific and technological expertise in hair regeneration with Swiss Bioscience's GMP manufacturing platform, clinical research capabilities, and presence in the European market, the companies aim to establish a foundation for the future development and commercialization of innovative hair regeneration technologies in Europe.