The biotech RenovaCare (OTCMKTS: RCAR) announced that it has received a civil complaint from the Securities and Exchange Commission (SEC). The SEC accuses Harmel S. Rayat, a controlling shareholder and chair of RenovaCare, of orchestrating a secret promotional campaign to elevate the company’s stock price. The agency claimed that Rayat and RenovaCare worked with the financial publishing […]
RenovaCare
RenovaCare chairman ponies up nearly $16m for wound-healing stem cell SkinGun
RenovaCare (Scottsdale, Ariz.) has announced an equity financing for $15.5 million from Kalen Capital Corporation, the family office of Harmel Rayat, who is the majority shareholder and chairman of RenovaCare. The equity financing increases his family office’s total equity investment in RenovaCare to over $20 million. “Our long-term investment in RenovaCare speaks to our conviction that […]
Philips board backs reappointment of CEO van Houten, CFO Bhattacharya | Personnel Moves – October 29, 2018
Royal Philips (NYSE:PHG) said today that its board of directors is backing the re-appointment of Frans van Houten as its president and CEO and Abhijit Bhattacharya as chief financial officer and board member. CEO van Houten has been at the head of Philips since 2011, while Bhattacharya joined the company in 2015, Amsterdam-based Philips said. During […]
RenovaCare blows the whistle on alleged ‘predatory’ trading
RenovaCare (OTC:RCAR) said today that it’s blowing the whistle on alleged “predatory trading practices” on the part of firms that it thinks are in cahoots with short-seller Streetsweeper. Pittsburgh and Berlin-based RenovaCare said it notified regulators at the Financial Industry Regulatory Authority about a video showing the alleged predatory trades by FINRA members. “RenovaCare has informed investigatory agents […]
RenovaCare touts win in patent spat with Avita Medical
RenovaCare today touted a win in a patent spat with Avita Medical (ASX:AVH) after the US Patent Office dismissed a challenge to RenovaCare’s patents and denied a trial that Avita was seeking. RenovaCare said that the USPTO specifically noted that Avita’s arguments “were based on old claims and technologies which had already been considered and rejected,” […]
RenovaCare strikes back at shortseller Streetsweeper
RenovaCare late yesterday issued a response to shortseller Streetsweeper after the group released a scathing review of the company that was skeptical of it’s ability to hold its market valuation. The Gainesville, Fla.-based company strongly rejected the firm’s assessment, saying that Streetsweeper is known for spreading “short and distort” commentaries on companies it targets for short […]
RenovaCare touts data from 44-patient SkinGun burn treatment retrospective analysis
RenovaCare today released results from a retrospective analysis of 44 patients with severe second-degree wide-area burn injuries who were treated with the technology underlying the company’s SkinGun and CellMist system. Results from the analysis were published in the peer-reviewed journal Burns, the company said. “Treated patients presented with a variety of burn wound etiologies and a […]
RenovaCare raises $2m on path to improve burn, wound care with its “SkinGun”
RenovaCare said this week it raised $2.3 million in a new direct offering to support its “SkinGun,” which CEO Thomas Bold thinks could be a significant boon to the burn and wound care industry. This summer, CEO Bold spoke to MassDevice.com about the company’s SkinGun and CellMist technologies and what he thinks they can do […]
Avita Medical seeks IP review of Renovacare patent
Avita Medical (ASX:AVH) said yesterday it filed an Inter Partes review petition against a patent held by RenovaCare. The company said it filed the IPR challenge with the US Patent Trial and Appeal Board for US Patent No. 9,610,430 owned by Renovacare. “We believe we have presented a very strong rationale to the PTAB as to why […]
The stem cell ‘skin gun’ that’s aiming to disrupt wound care
RenovaCare’s SkinGun uses a patient’s own stem cells to heal their wounds faster and more efficiently than a traditional skin graft. Pennsylvania state police officer Matthew Uram suffered severe second-degree burns to his face, right arm and leg after a friend’s bonfire got out of control. Uram was facing months of painful skin grafts, the […]
