StemRIM announces that a medical use patent for the "Regeneration- Inducing MedicineTM" development candidate, Redasemtide, indicated for cardiomyopathy, old myocardial infarction, and chronic heart failure associated with them, will soon be registered in China. This patent is intended to expand the indications for Redasemtide, which is currently under
development, and believe that the granting of this patent will ensure the possibility of developing a drug for cardiomyopathy, old myocardial infarction, and chronic heart failure in
China. To date, it have been granted many patents for HMGB1 fragment peptides (including Redasemtide) in Japan, the U.S., Europe, and other countries around the world, including substance patents and medical use patents. The impact on the financial performance for the fiscal year ending July 31, 2024, is insignificant.