Stemson Therapeutics Shuts Down

We reached out to Stemson Therapeutics for confirmation and have received the news that, yes, Stemson Therapeutics has shut down. Here is a quote from Geoff Hamiton,  CEO. “I can confirm that we have shut down. It is a very disappointing outcome. I will say that pursuing a truly curative approach to hair loss with a true tissue regeneration therapy is still frontier science. While it offers the promise to be curative and durable, it is a significant challenge to develop such a solution involving living cellular medicines. It requires huge investment and dedication to the mission. There simply was no appetite or dedication in the biotech investment community during this historically bad biotech industry downturn to support Stemson with the major funding we needed to get the solution through the final stage of development and into the first clinical trial. We would love to see this technical approach picked back up in the future, as we firmly believe it will lead to a new breakthrough solution. But now was simply not our time to get the large investment needed.”