RepliCel Converts Class C Shares to Common Stock

Spotlight Companies |

REPCF, baldness, Georgia, hair, follicle, common stock, class C sharesRepliCel Life Sciences Inc. (REPCF) announced on Thanksgiving that it would convert all 13 million shares of Class C stock into 2.6 million shares of common stock. These common shares are going to be subject to a timed release with 15 percent being released on the first day of each fiscal quarter beginning in January of 2013. All told, this will bring the total shares of common stock in RepliCel up to 43,150,006 shares. The company has been developing a safe and non-invasive cell-based hair regeneration treatment that's effective for both men and women. The conversion of these shares at a 5:1 basis should make the share structure more appealing as the company seeks financing for the development of its Phase IIb clinical trials.

Exciting Research Underway

RepliCel began its first in-man, Phase I/IIa clinical trial in Georgia in December of 2010. The process being tested was developed by German scientists Dr. Rolf Hoffmann and Dr. Kevin McElwee, and it has the potential to function as a baldness cure for both men and women. The procedure involves the removal of a few  healthy hair follicles from the back of the scalp,  isolating dermal sheath cup cells from the  cup of the hair follicle, growing these cells in a culture until millions of new cells are formed, and then injecting the cells into the affected areas. If successful, the procedure could be used to spark the growth of natural hair in patients both male and female, offering one of the first ever effective treatments for female pattern baldness.

Early Research Shows Results

Dr. Hoffman, the chief scientist at RepliCel, has already gotten results when testing the procedure in SCID mice. Now, as they begin clinical trials with people, Hoffman is eager to ensure that the procedure is safe and effective. "For me, this technology means a lot, because then we could say we were the first company that was able to really deliver an effective treatment for hair loss; especially to women," Hoffman said in an interview. "I run a hair clinic and usually 90 percent of the patients here are women, and they are so desperate for a treatment. This technology could change lives tremendously for many, many women, so this would make me very proud. "

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Companies

Symbol Name Price Change % Volume
TPH.DB.F:CA Temple Hotels Inc. 5 year 7% Series F Convertible 90.00 0.00 0.00 0
C Citigroup Inc. 59.06 1.14 1.97 30,517,614
MS Morgan Stanley 42.64 0.13 0.31 16,213,352
JPM JP Morgan Chase 84.07 0.38 0.45 18,996,905
AXP American Express Company 74.29 1.98 2.74 5,801,483
GS The Goldman Sachs Group Inc. 235.56 4.18 1.81 6,595,232
BAC Bank of America Corporation 22.57 0.41 1.85 168,005,152
USB U.S. Bancorp 51.36 0.63 1.24 9,558,952
WFC Wells Fargo & Company 57.28 1.73 3.11 46,616,968

Comments

Emerging Growth

CMX Gold & Silver Corp.

CMX Gold & Silver Corp is an exploration stage company. The Company is engaged in the acquisition, exploration and development of silver and copper/gold properties in the USA.

Private Markets

Wealthfront

Wealthfront is an automated investment service that serves as an alternative to traditional financial advisory services. The company manages a diversified, continually rebalanced portfolio of index funds on their clients’…

Trustify

Trustify provides trust and safety in both the digital and physical worlds through our vast network of on-demand Private Investigators.By removing the large retainers and high hourly rates that traditional…