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| Statement |
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| The patent is related to our method of use and application, and we believe that this patent will strengthen our position in the aesthetic market for many years to come |
| A device as this would allow medical professionals to identify drug targets and personalized therapeutic responses that could lead to improved patient outcomes by providing a predictive, personalized platform in medicine |
| In various areas of personalized medicine, we expect that this approach could be a groundbreaking improvement over the existing use of animal models for drug development |
| I hope you and your families are safe and doing well |
| This concludes my initial remarks about our core programs that we remain very excited about in terms of their prospects |
| Recently, the CollPlant team managed to successfully grow epithelial cells on the 3D bioprinted scaffolds |
| Our vision is to be the leaders in regenerative medicine, helping people live longer and better through our innovative collagen technology |
| This product candidate, which is in clinical phase now, has the potential to create a paradigm shift in the fillers market, since in addition to tissue filling, it would provide regenerative properties for new skin growth |
| In September, CollPlant proudly announced its participation in the United Nations Global Compact, the world's largest initiative for sustainable and responsible corporate governance |
| Our system being developed is designed to enhance the physiological environment of the human intestine tissue and enable us to provide a predictive personalized platform |
| Revenues increased by $10.5 million compared to $241,000 in the same period last year |
| We all pray that the war which was imposed upon us will end soon and life will get back to normal so that we can continue to contribute to our part to make life better and longer |
| So I think we are progressing very nicely according to the plan |
| The increase is mainly related to the achievement of a milestone with respect to the AbbVie agreement, which triggered a $10 million payment, and in addition, an increase in income from sales of CollPlant's rhCollagen products |
| Consequently, our goal is to create better alternatives and options for the future, such as novel regenerative products for medical aesthetics applications and unlimited supply of spare parts for the human body, including life-saving organs, medical treatment that is tailored for the individual characteristics for each patient, and drugs developed without the need for animal testing |
| Recently, we have made strides in blustering our ESG environmental, social and governance initiatives |
| Last quarter, we announced the achievement of a very important company milestone related to this product candidate, which triggered a $10 million payment to CollPlant in the third quarter |
| CollPlant has the potential to receive additional milestone payments as well as future royalties in accordance to its long-term collaboration with AbbVie for this dermal filler |
| By joining this voluntary leadership platform, CollPlant reaffirms its unwavering dedication to sustainable practices and further blusters its mission to provide sustainable alternatives to existing regenerative and aesthetics, medicine products, and technologies |
| We have historically remained steadfast in the use of our cash and very conservative about utilizing the capital markets |
| As we said previously, according to the agreement with AbbVie, CollPlant is also eligible to receive up to an additional $26 million in milestone payments for the dermal filler product, as well as royalty payments and fees for the manufacture and supply of rhCollagen once the product will be in the commercial phase |
| Good morning, everyone |
| Our collagen, which is produced in genetically engineered tobacco plants, is differentiated from the other types of collagens by its regenerative properties and also because it is xeno tissue free |
| During the third quarter, our cash balances increased upon receiving the payment from AbbVie for achieving the milestone |
| Being able to communicate our planned initiatives was a mandate for us after we conducted a formal analysis of our current operations and identified what we are doing correctly or where we can further improve |
| Thank you |
| Yehiel Tal Good morning, everyone |
| Statement |
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| This is a very serious risk |
| We have previously stated, according to the FDA, patients with breast implants have an increased risk of developing breast implant-associated anaplastic large cell lymphoma |
| GAAP revenues for the third quarter ended September 30, 2023 were $43,000 and included mainly income from sales of our bioink and rhCollagen, a decrease of $66,000 compared to $109,000 in the third quarter ended September 30, 2022 |
| In addition to delaying what could be the initiation of an effective treatment, this option also bears the risk of exposing the patient to unjustified adverse events |
| This is an area where we have an opportunity to disrupt the market in terms of drug discovery and personalized medicine |
| As Eran will expand upon later, we also took the initiative to make the necessary adjustments to the company's budget to accommodate the current challenging market conditions as well as the situation that Israel is in today |
| As of today, we can report that CollPlant 's production plan and main development programs have been minimally affected as a result of the war |
| I know it's tough times out there |
| This is a significant amount of time to remain in therapy with an unknown outcome, which of course is not ideal for the patient |
| Non-GAAP net loss for Q3 2022 was $4 million or $0.75 loss per share compared to a net loss of $3.7 million or $0.34 basic loss per share for Q3 2022 |
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