In this InvestorIntel interview, Tracy Weslosky talks with Hemostemix Inc.’s (TSXV: HEM | OTCQB: HMTXF) Advisory Board Member Dr. Chris McNorgan, Ph.D. about why Hemostemix’s NCP-01 (Neural Cellular Precursors) technology would be of interest to a company like Neuralink.
With Elon Musk’s brain implant company Neuralink recently receiving FDA approval for human trials, Dr. McNorgan explains how NCP-01 can potentially assist in all phases of the implantation process, including mitigating complications and ensuring proper functionality of the brain implants.
Neurons do not naturally regenerate, causing lifelong problems when damaged. With the potential to regenerate neuronal cells, Dr. McNorgan discusses how Hemostemix’s NCP-01 technology can also help restore brain functionality in patients suffering from progressive dementia.
Dr. McNorgan directs the Computational Cognitive Neuroscience (CCN) laboratory at the University of Buffalo. His research focuses on computational cognitive neuroscience, developing computer models to simulate how the brain functions, and is directly relatable to neural electrode-based implantation.
Dr. McNorgan estimates the current market for assistive technologies related to brain signal interception and decoding is estimated to be around $36.5 billion, but the potential market is much larger once the technology is perfected.
The applications of Hemostemix’s technology extend beyond assistive technologies, including addressing conditions like blindness, hearing loss, and dementia.
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About Hemostemix Inc.
Hemostemix is an autologous stem cell therapy company, founded in 2003. A winner of the World Economic Forum Technology Pioneer Award, the Company has developed, patented, and is scaling a patient’s blood-based stem cell therapeutics platform that includes angiogenic cell precursors, neuronal cell precursors, and cardiomyocyte cell precursors. The Company develops cell therapy products from the patient’s own blood, which is a non-invasive source of therapeutic cells. Its lead product is ACP-01, an autologous cell therapy, which is in FDA Phase II clinical trial for the treatment of vascular diseases, such as cardiovascular disease, peripheral arterial disease, angina pectoris, and ischemia. Its second product is NCP-01, used to help rebuild neuronal pathways in the brain after injury or disease.
To learn more about Hemostemix Inc., click here
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