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Satellos Bioscience Inc. (MSCLF) to present at 2024 Bloom Burton & Co. Healthcare Investor Conference. CEO Frank Gleeson to provide corporate presentation on small molecule therapeutic approaches for muscle diseases.
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End-of-Day
-4.88%
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Satellos Bioscience Inc. (TSX: MSCL, OTCQB: MSCLF) reported significant progress in transitioning from a discovery-stage to a preclinical company in 2023, aiming to advance its lead drug candidate, SAT-3247, into first-in-human studies in 2024. The company engaged a CRO for Phase 1 clinical trial design, initiated GLP toxicity studies, and GMP manufacturing for SAT-3247. Positive preclinical data presented at a conference showcased SAT-3247's potential to regenerate muscle tissue, with AAK1 identified as the molecular drug target. Satellos also secured Orphan Drug Designation for SAT-3153 and submitted similar applications for SAT-3247. A $55 million equity offering in 2023 bolstered the company's capital markets strategy, leading to a graduation to the Toronto Stock Exchange in 2024. The leadership team was expanded, and the company reported a cash balance of $39.6 million as of December 31, 2023, providing runway through 2025 for SAT-3247 development.
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End-of-Day
2.7%
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Satellos Bioscience Inc. (MSCLF) announces CEO's participation in investor conferences to discuss new small molecule therapeutic approaches for muscle diseases.
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-13.64%
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Satellos Bioscience Inc. (MSCLF) will attend the Leerink Partners Global Biopharma Conference 2024 to host investor meetings, focusing on new small molecule therapeutic approaches for muscle diseases.
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-0.04%
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Satellos Bioscience Inc. announces positive preclinical data showing SAT-3247 can improve skeletal muscle function in multiple mouse models of muscle degeneration, demonstrating potential for treating diseases like Duchenne muscular dystrophy and facioscapulohumeral muscular dystrophy.
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End-of-Day
2.24%
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Satellos Bioscience Inc. announced a late-breaking oral and poster presentation at the 2024 Muscular Dystrophy Association Conference. The presentations focus on small molecule therapeutic approaches targeting muscle diseases, including Duchenne. Dr. Phil Lambert, the Chief Scientific Officer, will present SAT-3247, an oral inhibitor targeting AAK1 for muscle regeneration. The Company aims to improve muscle treatment through innovative therapies.
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36.1%
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Satellos Bioscience Inc. (MSCLF) announced the commencement of trading on the Toronto Stock Exchange under the symbol 'MSCL'. The uplisting reflects the company's progress from preclinical to clinical-stage development. Shareholders do not need to take any action for the listing.
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Satellos Bioscience Inc. announces positive preliminary data for SAT-3247 in treating degenerative muscle diseases. The company is set to start clinical trials for Duchenne muscular dystrophy in mid-2024.
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End-of-Day
5.93%
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Satellos Bioscience Inc. announced the departure of their Chief Medical Officer, Alan K. Jacobs, and the engagement of Jordan Dubow, M.D., as the new Chief Medical Advisor. Dr. Dubow will lead the clinical trial strategy for the Company’s lead program in Duchenne muscular dystrophy. The CEO thanked Dr. Jacobs for his contributions and expressed excitement about working with Dr. Dubow. Satellos is a public biotech company developing small molecule therapeutic approaches for muscle diseases.
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Satellos Bioscience Inc. has received conditional approval from the Toronto Stock Exchange to graduate from the TSX Venture Exchange and to list its common shares on the TSX. The company aims to expand its reach to a broader range of global investors and is progressing its lead small molecule drug candidate for Duchenne muscular dystrophy through IND-enabling studies and GMP manufacturing, with clinical trials set to begin in mid-2024.
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SATELLOS BIOSCIENCE INC
OTC:MSCLF
MSCLF Rankings
MSCLF Stock Data
42.02M
88.57M
17.56%
0.89%
Biological Product (except Diagnostic) Manufacturing
Manufacturing
United States of America
Toronto