On Aug. 16, analyst Douglas Loe with Echelon Wealth Partners commented on RepliCel Life Sciences Inc.'s (RP:TSX.V; REPCF:OTCQB) participation in the ThawSTAR Early Adopter Program, "a cell processing system developed by private CA-based firm Medcision that works with companies in cell therapy processing, for which one of the challenges to sustaining cell viability is managing freeze-thaw cycles." He noted that RepliCel will "specifically use Medcision's ThawSTAR AT2 Automated Cell Thawing Systems (the firm has several models & accessories) for upcoming Phase II trials using RP’s non-bulbar dermal sheath fibroblast therapy RCS-01, aimed at the treatment of skin rejuvenation (the Phase I trial will be completed this month; interim results reported back in Apr/17)."
Loe reacted to the news by writing, "The news while positive logistically to RCS-01 development risk does not impact our model or valuation."
Looking ahead, the analyst wrote, "in the medium term, we are looking for an update on status of RepliCel's CE Mark application for its dermal injector RCI-02, as well as on timeline to commencing aforementioned Phase II clinical trials testing RCS-01 and other hair follicle-derived cell therapies targeting androgenetic alopecia (RCH-01) and tendinopathy (RCT-01), for which early Phase I/II testing was separately encouraging as also reported earlier in F2017."
Echelon has a Speculative Buy rating on RepliCel and a target price of $3.50. Shares of the company are currently trading at around $0.46.
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