−Removed: We are engaged in the health care industry,
−Removed: principally focusing on supplying products and services related to the growing field of regenerative anti-aging medicine (“RAAM”).
−Removed: Our focus is the processing, distribution and supply of biologically processed cellular and tissue-based products developed from
−Removed: internally-based research and development activities and/or from other state-of-the-art RAAM-related products developed by third
−Removed: parties under exclusive and/or favorable supply arrangements and to provide other related services used in the regenerative medicine
−Removed: field (“RAAM Products”).
−Removed: Organicell distributes and supplies the RAAM Products and market RAAM-related services to
−Removed: the health care industry through a doctors and clinics (collectively, the “Providers”).
−Removed: From November 2016 to February 2018, we
−Removed: operated our own laboratory facilities to process and distribute RAAM Products developed through trade secrets acquired in connection
−Removed: with the employment of newly hired executives during November 2016 and March 2017.
−Removed: During this time, we also implemented an in-house
−Removed: sales force and made arrangements with newly identified independent distributors to sell our RAAM Products.
−Removed: In February 2018, we sold or transferred
−Removed: our laboratory facilities and all related assets (“Sale”), including intellectual property rights, to Vera Acquisition
−Removed: LLC, a Utah limited liability company (“Vera”).
−Removed: From the date of the Sale until the Company’s new laboratory
−Removed: facility became operational, as described below, the Company relied on short-term supply agreements with third party manufacturers
−Removed: to provide it with the products it sold and distributed to its customers.
−Removed: Commencing in February 2019, the Company
−Removed: began taking steps to once again operate a placental tissue bank processing laboratory in Miami, Florida for the purpose of performing
−Removed: research and development and the manufacturing and processing of anti-aging and cellular therapy derived products.
−Removed: This new laboratory
−Removed: facility became operational in May 2019 and thereupon, the Company began producing products that are now being sold and distributed
−Removed: to its customers.
−Removed: The Company has actively taken steps to
−Removed: meet compliance with current and anticipated United States Food and Drug Administration (“FDA”) regulations expected
−Removed: to be enforced beginning in May 2021 requiring that the sale of products that fall under Section 351 of the Public Health Services
−Removed: Act pertaining to marketing traditional biologics and human cells, tissues and cellular and tissue based products (“HCT/Ps”)
−Removed: can only be sold pursuant to an approved biologics license application (“BLA”).
−Removed: To date, the Company has obtained approximately
−Removed: 14 Investigation New Drug (“IND”), emergency IND (“eIND”) and/or non-emergency IND (“non-eIND”)
−Removed: approvals from the FDA, including applicable Institutional Review Board (“IRB”) approvals which authorized the Company
−Removed: to commence clinical trials or treatments in connection with the use of the Company’s products and related treatment protocols.
−Removed: The Company is aggressively pursuing efforts to commence and complete the clinical studies as well as obtaining approval to commence
−Removed: additional studies for other specific indications it has identified that the use of its products will provide more favorable and
−Removed: desired health related benefits for patients seeking alternative treatment options than are currently available.
−Removed: COVID-19 Impact To Economy And Business
−Removed: The current outbreak of the novel coronavirus
−Removed: (“COVID-19”) and resulting impact to the United States economic environments began to take hold during March 2020.
−Removed: The adverse public health developments and economic effects of the COVID-19 outbreak in the United States, have adversely affected
−Removed: the demand for our products and services by our customers and from patients of our customers as a result of quarantines, facility
−Removed: closures and social distancing measures put into effect in connection with the COVID-19 outbreak and which currently still continue
−Removed: to have a negative impact to our business and the economy.
−Removed: These restrictions have adversely affected the Company’s sales,
−Removed: results of operations and financial condition.
−Removed: In response to the COVID-19 outbreak, the Company (a) has accelerated its research
−Removed: and development activities, particularly in regards to potential health benefits of the Company’s products in addressing
−Removed: various health concerns associated with COVID-19 and (b) is aggressively seeking to raise additional debt and/or equity financing
−Removed: to support working capital requirements until sale for its products to providers resumes to levels pre COVID-19.
−Removed: There is no assurance as to when the adverse
−Removed: impact to the United States and worldwide economies resulting from the COVID-19 outbreak will be eliminated, if at all, and whether
−Removed: any new or recurring pandemic outbreaks will occur again in the future causing similar or worse devastating impact to the United
−Removed: States and worldwide economies and to our business.
−Removed: Developments During Fiscal 2018 and
−Removed: After the completion of the Sale of our
−Removed: laboratory facilities and all related assets, including intellectual property rights, to Vera in February 2018, the Company remained
−Removed: in the business of selling and distributing regenerative biologic therapies based on amnion placental tissue derived products to
−Removed: doctors and hospitals but was required to depend on third party supply agreements, rather than from products manufactured internally
−Removed: by ANU, for the supply of these advanced biologically processed cellular and tissue based products.
−Removed: Since the Sale was completed, including
−Removed: the departure of several key executives in connection therewith, the Company had difficulty in generating sufficient revenues and,
−Removed: as a result, continued to have a lack of working capital to meet current operating costs, hiring of additional sales personnel,
−Removed: pay past due accounts payable obligations to its vendors, pay past due and/or current salaries to its remaining management or fund
−Removed: potential growth opportunities.
−Removed: On April 23, 2018, the Company and Management
−Removed: and Business Associates, LLC, a Florida limited liability company (“MBA”), executed a Plan and Agreement of Reorganization
−Removed: (“Reorganization”) whereby the Company agreed to issue to MBA an aggregate of 222,425,073 shares of its common stock
−Removed: of the Company, representing at the time 51% of the outstanding shares of common stock of the Company on fully-diluted basis, for
−Removed: $0.001 per share (or an aggregate of $222,425), in consideration for Mr.
−Removed: Manuel Iglesias’
−Removed: agreement to serve as the Company’s
−Removed: Chief Executive Officer and a member of the Board of the Company.
−Removed: Iglesias is the sole Manager of MBA and thus may be
−Removed: deemed to control MBA.
−Removed: The Reorganization was effective as of April 13, 2018 (“Effective Date”).
−Removed: On May 21, 2018, the Company filed a Certificate
−Removed: of Amendment with the Secretary of State of Nevada to change the Company’s name from Biotech Products Services and Research,
−Removed: to Organicell Regenerative Medicine, Inc., effective June 20, 2018 in order to express more clearly the Company’s focus
−Removed: in the stem cell business (the “Name Change”).
−Removed: However, due to the Company’s failing to have the required Exchange
−Removed: Act reports filed with the SEC at the time of the filing, FINRA did not announce or effectuate the Name Change in the marketplace.
−Removed: If the Company intends to proceed with the Name Change, the Company will be required to submit a new Issuer Company-Related Notification
−Removed: Form for approval upon the Company becoming current in its Exchange Act filings.
−Removed: On June 14, 2018, the Company filed a Certificate
−Removed: of Withdrawal with the Secretary of State of Nevada thereby withdrawing and terminating all previously issued designations of the
−Removed: Company’s Series A Preferred Stock and Series B Preferred Stock.
−Removed: On June 1, 2018, the Company submitted an Issuer Company-Related
−Removed: Notification Form (“June 1 Notification Form”) with the Financial Industry Regulatory Agency (“FINRA”)
−Removed: pursuant to Rule 10b-17 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), regarding the Name
−Removed: Change and Reverse Split.
−Removed: During February 2019, the Company began
−Removed: arranging to once again operate a new laboratory facility in Miami, Florida for the purpose of performing research and development,
−Removed: production and manufacturing of anti-aging and cellular therapy products.
−Removed: This new laboratory facility became operational in May
−Removed: 2019 and during the same period, the Company began producing and distributing the products that are being sold and distributed
−Removed: to its customers.
−Removed: The Company believes that this strategy will provide the Company with competitive advantages and greater assurances
−Removed: that it can continue to comply with expected future FDA regulations.
−Removed: On September 24, 2019, due to the Company’s
−Removed: limited success since the Reorganization in stabilizing revenues and the growing urgency for the Company to remain compliant and
−Removed: meet the anticipated new and more stringent regulatory deadlines to be imposed by the FDA in connection with the Company’s
−Removed: products and operations that were previously announced to go into effect in May 2021, the Board determined that it would require
−Removed: the services of a full-time CEO with the requisite expertise and experience to lead the Company as it (a) moves forward with its
−Removed: strategy to expand its research and development efforts and submit IND applications for FDA approval to commence clinical trials
−Removed: for its products to assure that the Company, its operations and its products remain compliant with FDA regulations and (b) implements
−Removed: additional strategies to minimize the potential impact in the future on sales of its products as a result of future changes in
−Removed: FDA regulations and/or restrictions associated with clinical trials that are utilizing the products that are currently being sold
−Removed: by the Company.
−Removed: Accordingly, the Board voted to remove Manuel Iglesias from his position as CEO of the Company.
−Removed: The Board has since
−Removed: appointed Albert Mitrani to serve as the Company’s CEO.
−Removed: In connection with the Company’s
−Removed: ongoing research and development efforts and the Company’s efforts to meet compliance with current and anticipated United
−Removed: States Food and Drug Administration (“FDA”) regulations expected to be enforced beginning in May 2021 requiring that
−Removed: the sale of products that fall under Section 351 of the Public Health Services Act pertaining to marketing traditional biologics
−Removed: and human cells, tissues and cellular and tissue based products (“HCT/Ps”) can only be sold pursuant to an approved
−Removed: biologics license application (“BLA”), the Company has obtained certain Investigation New Drug (“IND”),
−Removed: emergency IND (“eIND”) and/or non-emergency IND (“non-eIND”) approvals from the FDA, including applicable
−Removed: Institutional Review Board (“IRB”) approvals which authorized the Company to commence clinical trials or treatments
−Removed: in connection with the use of the Company’s products and related treatment protocols.
−Removed: The status of the Company’s current
−Removed: IND’s, eIND’s, non-eIND’s submitted and approved for past or planned treatments and/or clinical trials are described
−Removed: Company’s FDA approved
−Removed: phase I/II IND, eIND’s and non-eIND’s:
−Removed: IND # 19881 approved on 04/30/2020 - A Phase I/II Randomized, Double Blinded, Placebo Trial to Evaluate
−Removed: the Safety and Potential Efficacy of Intravenous Infusion of OrganicellTM Flow for the Treatment of Moderate to Severe Acute Respiratory
−Removed: Syndrome (SARS) Related to COVID-19 Infection vs Placebo.
−Removed: IRB was approved by the Institute of Regenerative and Cellular Medicine
−Removed: (“IRCM”) on 06/04/2020 (approval number:
+Added: are a clinical-stage biopharmaceutical company principally focusing on the development of innovative biological therapeutics for
+Added: the treatment of degenerative diseases and to provide other related services.
+Added: Our proprietary products are derived from perinatal
+Added: sources and manufactured to retain the naturally occurring microRNAs, without the addition or combination of any other substance
+Added: or diluent (“RAAM Products”).
+Added: Our RAAM Products and related services are principally used in the health care industry
+Added: administered through doctors and clinics (collectively, the “Providers”).
+Added: November 2016 to February 2018, we operated our own laboratory facilities to process and distribute RAAM Products developed through
+Added: trade secrets acquired in connection with the employment of newly hired executives during November 2016 and March 2017.
+Added: this time, we also implemented an in-house sales force and made arrangements with newly identified independent distributors to
+Added: sell our RAAM Products.
+Added: February 2018, we sold or transferred our laboratory facilities and all related assets (“Sale”), including intellectual
+Added: property rights, to Vera Acquisition LLC, a Utah limited liability company (“Vera”).
+Added: From the date of the Sale until
+Added: the Company’s new laboratory facility became operational, as described below, the Company relied on short-term supply agreements
+Added: with third party manufacturers to provide it with the products it sold and distributed to its customers.
+Added: in February 2019, the Company began taking steps to once again operate a placental tissue bank processing laboratory in Miami,
+Added: Florida for the purpose of performing research and development and the manufacturing and processing of anti-aging and cellular
+Added: therapy derived products.
+Added: This new laboratory facility became operational in May 2019 and thereupon, the Company began producing
+Added: products that are now being sold and distributed to its customers.
+Added: Company’s leading product, Zofin™
+Added: (Organicell TM Flow) is an acellular, biologic therapeutic derived from
+Added: perinatal sources and is manufactured to retain naturally occurring microRNAs, without the addition or combination of any other
+Added: substance or diluent.
+Added: This product contains over 300 growth factors, cytokines, chemokines, and 102 unique microRNAs as well as
+Added: other exosomes/nanoparticles derived from perinatal tissues.
+Added: Company has actively taken steps to meet compliance with current and anticipated United States Food and Drug Administration
+Added: (“FDA”) regulations expected to be effective beginning in May 2021 that will require that the sale of products
+Added: that fall under Section 351 of the Public Health Services Act pertaining to marketing traditional biologics and human cells,
+Added: tissues and cellular and tissue based products (“HCT/Ps”) can only be sold pursuant to an approved biologics
+Added: license application (“BLA”).
+Added: To date, the Company has obtained certain Investigation New Drug
+Added: (“IND”), and emergency IND (“eIND”) approvals from the FDA, including applicable Institutional Review
+Added: Board (“IRB”) approvals which authorized the Company to commence clinical trials or treatments in connection with
+Added: the use of Zofin™
+Added: (Organicell TM Flow) and related treatment protocols.
+Added: The Company is pursuing efforts to
+Added: commence and complete the clinical studies as well as obtaining approval to commence additional studies for other specific
+Added: indications it has identified that the use of its products will provide more favorable and desired health related benefits
+Added: for patients seeking alternative treatment options than are currently available.
+Added: November 2020, the Company formed Livin Again Inc., a wholly owned subsidiary of the Company for the purpose of among other things,
+Added: providing independent education, advertising and marketing services, (“Marketing Services”) to providers that provide
+Added: medical and other healthcare, anti-aging and regenerative services (“Regenerative Services”) including FDA-approved
+Added: IV vitamin and mineral liquid infusions (“IV Drip Therapies”).
+Added: The Company intends to initially market such services
+Added: by coordinating turnkey opportunities for Providers to provide IV Drip Therapies at select properties and locations.
+Added: Impact To Economy And Business Environment
+Added: current outbreak of the novel coronavirus (“COVID-19”) and resulting impact to the United States economic environments
+Added: began to take hold during March 2020.
+Added: The adverse public health developments and economic effects of the COVID-19 outbreak in
+Added: the United States, have adversely affected the demand for our products and services by our customers and from patients of our
+Added: customers as a result of quarantines, facility closures and social distancing measures put into effect in connection with the
+Added: COVID-19 outbreak and which currently still continue to have a negative impact to our business and the economy.
+Added: These restrictions
+Added: have adversely affected the Company’s sales, results of operations and financial condition.
+Added: In response to the COVID-19
+Added: outbreak, the Company (a) has accelerated its research and development activities, particularly in regards to potential health
+Added: benefits of the Company’s products in addressing various health concerns associated with COVID-19 and (b) is seeking to
+Added: raise additional debt and/or equity financing to support working capital requirements until sale for its products to providers
+Added: resumes to levels pre COVID-19.
+Added: is no assurance as to when the adverse impact to the United States and worldwide economies resulting from the COVID-19 outbreak
+Added: will be eliminated, if at all, and whether any new or recurring pandemic outbreaks will occur again in the future causing similar
+Added: or worse devastating impact to the United States and worldwide economies and to our business.
+Added: Compliance Steps
+Added: connection with the Company’s ongoing research and development efforts and the Company’s efforts to meet
+Added: compliance with current and anticipated United States Food and Drug Administration (“FDA”) regulations expected
+Added: to be enforced beginning in May 2021 requiring that the sale of products that fall under Section 351 of the Public Health
+Added: Services Act pertaining to marketing traditional biologics and human cells, tissues and cellular and tissue based products
+Added: (“HCT/Ps”) can only be sold pursuant to an approved biologics license application (“BLA”), the
+Added: Company has obtained certain Investigation New Drug (“IND”) and emergency IND (“eIND”) approvals from the FDA, including applicable Institutional Review Board
+Added: (“IRB”) approvals which authorized the Company to commence clinical trials or treatments in connection with the
+Added: use of the Company’s products and related treatment protocols.
+Added: The status of the Company’s current IND’s
+Added: and eIND’s submitted and approved for past or planned treatments and/or clinical trials are described
+Added: Company’s FDA submitted and/or approved phase I/II IND’s and eIND’s:
+Added: # 19881 approved on 04/30/2020 - A Phase I/II Randomized, Double Blinded, Placebo Trial
+Added: to Evaluate the Safety and Potential Efficacy of Intravenous Infusion of OrganicellTM
+Added: Flow for the Treatment of Moderate to Severe Acute Respiratory Syndrome (SARS) Related
+Added: to COVID-19 Infection vs Placebo.
+Added: IRB was approved by the Institute of Regenerative and
+Added: Cellular Medicine (“IRCM”) on 06/04/2020 (approval number:
IRCM-2020-254).
−Removed: Clinical trial is currently in process.
−Removed: eIND#22370 approved on 05/11/2020 - Treatment for Acute hypoxic respiratory failure with ARDS secondary
+Added: The clinical trial is currently in process.
+Added: A total of nine patients have been enrolled
+Added: to the study thus far.
+Added: approved on 05/11/2020 - Treatment for Acute hypoxic respiratory failure with ARDS secondary
to COVID-19 infection for single patient.
−Removed: eIND#22371 approved on 05/11/2020 - Treatment for Acute hypoxic respiratory secondary to bilateral pneumonia
+Added: approved on 05/11/2020 - Treatment for Acute hypoxic respiratory secondary to bilateral
+Added: pneumonia secondary to COVID-19 with ARDS for single patient.
+Added: approved on 05/29/2020 –
+Added: Treatment for Acute respiratory failure with hypoxia,
secondary to COVID-19 with ARDS for single patient.
−Removed: eIND#22897 approved on 05/29/2020 –
−Removed: Treatment for Acute respiratory
−Removed: failure with hypoxia, secondary to COVID-19 with ARDS for single patient.
−Removed: eIND#25426 approved on 07/24/2020 - Treatment of COVID-19 positive
−Removed: for single patient.
−Removed: eIND#25888 approved on 8/01/2020 - Treatment of post COVID-19 complication for single patient
−Removed: eIND#26560 approved on 8/17/2020 - Treatment of post-COVID-19 complications for single patient.
−Removed: eIND#26561 approved on 8/17/2020 - Treatment of post-COVID-19 complications for single patient.
−Removed: eIND#26676 approved on 8/20/2020 - Treatment of respiratory failure due to COVID-19 infection for single
−Removed: eIND#26700 approved on 8/21/2020 - Treatment for ARDS associated with COVID-19 for single patient.
−Removed: eIND#26776 approved on 8/25/2020 - Treatment of COVID-19 positive for single patient.
−Removed: eIND#26777 approved on 8/25/2020 - Treatment of COVID-19 positive for single patient.
−Removed: eIND#26864 approved on 9/05/2020 - Treatment of COVID-19 positive for single patient.
−Removed: Non-eIND#26821 approved on 9/22/2020 - Treatment of post COVID-19 complications for single patient.
−Removed: Expanded Access to Zofin TM (Organicell TM Flow) approved on 09/24/2020 - Treatment
−Removed: of Patients with COVID-19 Outpatient and Inpatient Population.
−Removed: A Phase II Multicenter, Randomized, Double Blinded, Placebo Trial to Evaluate the Efficacy and
−Removed: Safety of Intramuscular Injections of ZofinTM Comparing with Intravenous Infusions for the Treatment of Post COVID-19 Complications
−Removed: and Severe Sequelae vs Placebo.
−Removed: IND submitted on 09/28/2020.
+Added: approved on 07/24/2020 - Treatment of COVID-19 positive for single patient.
+Added: approved on 8/01/2020 - Treatment of post COVID-19 complication for single patient.
+Added: approved on 8/17/2020 - Treatment of post-COVID-19 complications for single patient.
+Added: approved on 8/17/2020 - Treatment of post-COVID-19 complications for single patient.
+Added: approved on 8/20/2020 - Treatment of respiratory failure due to COVID-19 infection for
+Added: single patient.
+Added: approved on 8/21/2020 - Treatment for ARDS associated with COVID-19 for single patient.
+Added: approved on 8/25/2020 - Treatment of COVID-19 positive for single patient.
+Added: approved on 8/25/2020 - Treatment of COVID-19 positive for single patient.
+Added: approved on 9/05/2020 - Treatment of COVID-19 positive for single patient.
+Added: approved on 9/22/2020 - Treatment of post COVID-19 complications for single patient.
+Added: approved on 10/10/2020 - Treatment for ARDS associated with COVID-19 for single patient.
+Added: approved on 10/14/2020 - Treatment for ARDS associated with COVID-19 for single patient.
+Added: approved on 10/16/2020 - Treatment for ARDS associated with COVID-19 for single patient.
+Added: approved on 12/04/2020 - Treatment of mild to moderate symptoms of COVID-19 for a single
+Added: approved on 12/04/2020 - Treatment of COVID-19 pneumonia and respiratory failure with
+Added: ARDS for a single patient.
+Added: Access to Zofin TM (Organicell TM Flow) approved on 09/24/2020 -
+Added: Treatment of Patients with COVID-19 Outpatient and Inpatient Population.
+Added: Expected to start trial during fiscal year ended October 31, 2021.
+Added: Phase I/II Double Blinded, Placebo Trial to Evaluate the Safety and Potential Efficacy
+Added: of Intravenous Infusion of Zofin™
+Added: (Organicell TM Flow) for the Treatment
+Added: of patients diagnosed with chronic obstructive pulmonary disease (COPD).
+Added: on January 27, 2021.
+Added: Expected to start trial during fiscal year ended October 31, 2021.
+Added: Phase I/II Randomized, Double Blinded, Placebo Trial to Evaluate the Safety and Potential
+Added: Efficacy of Intravenous Infusion of Zofin TM (Organicell TM Flow)
+Added: for the Treatment of Post COVID-19 Complications “Long Haulers”
Pending IND and IRB approval.
−Removed: The Company is aggressively pursuing efforts
−Removed: to commence and complete the above described clinical studies as well as obtaining approval to commence additional studies for
−Removed: other specific indications it has identified that the use of its products will provide more favorable and desired health related
−Removed: benefits for patients seeking alternative treatment options than are currently available.
−Removed: The ability of the Company to succeed
−Removed: in these efforts is subject to among other things, the Company having sufficient available working capital to fund the substantial
−Removed: costs of completing clinical trials, which the Company currently does not have, and ultimately the approval from the FDA.
−Removed: Industry Overview
−Removed: Health Care Industry Overview:
−Removed: The traditional health care industry in
−Removed: the United States is predominantly controlled by the rules of the Centers for Medicare & Medicaid Services (“CMS”)
−Removed: (wwws.cms.gov) and commercial health insurance companies.
+Added: Company is pursuing efforts to commence and complete the above-described clinical studies as well as obtaining approval to commence
+Added: additional studies for other specific indications it has identified that the use of its products will provide more favorable and
+Added: desired health related benefits for patients seeking alternative treatment options than are currently available.
+Added: The ability of
+Added: the Company to succeed in these efforts is subject to among other things, the Company having sufficient available working capital
+Added: to fund the substantial costs of completing clinical trials, which the Company currently does not have, and ultimately, obtaining
+Added: approval from the FDA.
+Added: Care Industry Overview
+Added: traditional health care industry in the United States is predominantly controlled by the rules of the Centers for Medicare &
+Added: Medicaid Services (“CMS”) (wwws.cms.gov) and commercial health insurance companies.
This control limits patients’
−Removed: access to alternative medical therapies,
−Removed: that recent medical literature demonstrates highly beneficial outcomes in the field of anti-aging and regenerative medicine.
−Removed: allopathic medicine of health care provided to patients in the United States relies on government and commercial health insurance
−Removed: for payment of the costs associated with their day-to-day health care.
−Removed: Because of this close relationship, physicians must follow
−Removed: government and commercial insurers guidelines in order to stay in the plans and receive reimbursement.
−Removed: Physicians are restricted
−Removed: in their ability to expand the nature of the treatments provided beyond industry practices because of legal ramifications and/or
−Removed: lack of knowledge concerning protocol of cutting-edge anti-aging and regenerative medical treatments.
−Removed: Despite the above, anecdotal and medical
−Removed: literature has shown an increased demand by patients for access to alternative medical therapies and treatments.
−Removed: Patients are seeking
−Removed: these alternatives to traditional allopathic medicine, due to the adverse events associated with traditional pharmaceuticals, risks
−Removed: associated with surgeries, and that traditional medicine and insurers are not addressing wellness or preventive medicine sufficiently.
−Removed: To address a wide variety of aging issues, safe alternatives to pathologies, including access to other treatments and pharmaceuticals
−Removed: and to achieve beneficial “elective”
−Removed: health treatments, we intend utilize the latest regenerative technologies.
−Removed: alternative pathways to date have had significant restrictions because of regulations imposed by the FDA, other regulatory bodies
−Removed: and insurers due to lack of randomized controlled studies, yet many published case series demonstrate safety and efficacy.
−Removed: and consumers are looking to safe alternatives compared more traditional medicine, including the following:
−Removed: Cellular/ Tissue based therapies
−Removed: o Adipose-derived stromal vascular fraction
−Removed: o Bone marrow-derived stem cell therapies
−Removed: o Peripheral blood derived therapies ( i.e., platelet rich plasma);
−Removed: o Placental-based therapies
−Removed: Technology documented since 1910 for safety and efficacy, tissue processed from human amniotic
−Removed: membrane and fluid, donated by consenting mothers delivering a full-term healthy baby by scheduled Caesarean section, avoiding
−Removed: any ethical or moral concerns, proven safety record, case series documented success in a multitude of systemic and local pathologies
−Removed: o Growth factor, cytokine therapies
−Removed: o Supplements
−Removed: Medical foods
−Removed: o Weight control
−Removed: o Topical lotions and creams for the largest organ the skin
−Removed: Nontraditional medical alternatives
−Removed: o Acupuncture
−Removed: o Naturopathic
−Removed: o Chiropractic
+Added: access to alternative medical therapies, that recent medical literature demonstrates highly beneficial outcomes in the field of
+Added: anti-aging and regenerative medicine.
+Added: Traditional allopathic medicine of health care provided to patients in the United States
+Added: relies on government and commercial health insurance for payment of the costs associated with their day-to-day health care.
+Added: of this close relationship, physicians must follow government and commercial insurers guidelines in order to stay in the plans
+Added: and receive reimbursement.
+Added: Physicians are restricted in their ability to expand the nature of the treatments provided beyond industry
+Added: practices because of legal ramifications and/or lack of knowledge concerning protocol of cutting-edge anti-aging and regenerative
+Added: medical treatments.
+Added: the above, anecdotal and medical literature has shown an increased demand by patients for access to alternative medical therapies
+Added: and treatments.
+Added: Patients are seeking these alternatives to traditional allopathic medicine, due to the adverse events associated
+Added: with traditional pharmaceuticals, risks associated with surgeries, and that traditional medicine and insurers are not addressing
+Added: wellness or preventive medicine sufficiently.
+Added: To address a wide variety of aging issues, safe alternatives to pathologies, including
+Added: access to other treatments and pharmaceuticals and to achieve beneficial “elective”
+Added: health treatments, we intend utilize
+Added: the latest regenerative technologies.
+Added: These alternative pathways to date have had significant restrictions because of regulations
+Added: imposed by the FDA, other regulatory bodies and insurers due to lack of randomized controlled studies, yet many published case
+Added: series demonstrate safety and efficacy.
+Added: Patients and consumers are looking to safe alternatives compared more traditional medicine,
+Added: including the following:
+Added: Tissue based therapies
+Added: ○ Adipose-derived
+Added: stromal vascular fraction
+Added: marrow-derived stem cell therapies
+Added: blood derived therapies ( i.e., platelet rich plasma);
+Added: ○ Placental-based
+Added: documented since 1910 for safety and efficacy, tissue processed from human amniotic membrane
+Added: and fluid, donated by consenting mothers delivering a full-term healthy baby by scheduled
+Added: Caesarean section, avoiding any ethical or moral concerns, proven safety record, case
+Added: series documented success in a multitude of systemic and local pathologies
+Added: factor, cytokine therapies
+Added: ○ Supplements
+Added: lotions and creams for the largest organ the skin
+Added: ● Nontraditional
+Added: medical alternatives
+Added: ○ Acupuncture
+Added: ○ Naturopathic
+Added: ○ Chiropractic
● Self-directed
−Removed: Currently, patients who desire alternative
−Removed: treatments rely on the following options:
−Removed: n Medical Tourism
−Removed: o In United States
−Removed: o Off-shore United States
−Removed: Central and South America
−Removed: n Consulting directly with physicians knowledgeable in providing regenerative medical services
−Removed: n Unlicensed life coaches
−Removed: Business Strategy
+Added: patients who desire alternative treatments rely on the following options:
+Added: United States
+Added: United States
+Added: and South America
+Added: directly with physicians knowledgeable in providing regenerative medical services
Business Strategy :
−Removed: Our current business strategy is to achieve
−Removed: the following goals and milestones:
−Removed: Develop and expand operations
−Removed: to provide for growth of our revenues for the sales and distribution of RAAM related products;
−Removed: o Increase revenues for RAAM related products;
−Removed: Hiring of additional in-house sales personnel
−Removed: Selectively engaging independent distributors
−Removed: Marketing private label products to distributors
−Removed: Increasing market recognition for our Organicell brand from:
−Removed: marketing and participating in industry trade shows
−Removed: o Expand our sales market outside of the United States
−Removed: o Increase the number of RAAM product offerings for various modalities using proprietary processing,
+Added: current business strategy is to achieve the following goals and milestones:
+Added: on current strategy to commence and complete clinical studies as well as obtaining approval
+Added: to commence additional studies for other specific indications that we identify that the
+Added: use of our products will provide more favorable and desired health related benefits for
+Added: patients seeking alternative treatment options than are currently available.
+Added: clinical based studies associated with the use of our products (independently and/or
+Added: in conjunction with Providers and/or Manufacturers) and seek accelerated approval for
+Added: each product application in accordance with the 21st Century Cures Act (“Cures
+Added: Act”) and/or through the granting of an FDA-approved biologics application (BLA)
+Added: to allow products to be lawfully marketed and/or sold in the United States;
+Added: the Company’s maintains compliance with existing and the anticipated changes to
+Added: FDA regulations, including the use and sale of tissue-based products (HCT/Ps) published
+Added: in November 2017 and expected to take effect by May 2021, as well as readiness to respond
+Added: to ongoing future changes to regulations impacting our products;
+Added: to build out our lab facilities to meet expected production and research requirements;
+Added: high profile and industry recognized medical advisors, researchers and/or scientists
+Added: to help identify and develop new and emerging technologies concerning biologics and to
+Added: assure our Products remain cutting edge and competitive to products offered by other
+Added: alternative products and services to (a) offset any potential decline in revenues resulting
+Added: from FDA limitations on the sales and distribution of our existing products currently
+Added: being sold and distributed as a result of our commencement of clinical trials using such
+Added: products and/or future expected FDA restrictions on RAAM products and (b) provide our
+Added: Providers with alternative product and treatment options to remain competitive with the
+Added: market and our Providers to meet the needs and demands of their patients;
+Added: our sales market and network of Providers outside of the United States
+Added: sources of exclusive and superior suppliers of RAAM products;
+Added: strategic relationships to acquire existing Providers and/or suppliers or owners of IP
+Added: associated with additional desired RAAM products;
+Added: and expand operations to provide for growth of our revenues;
+Added: revenues for RAAM related products;
+Added: of additional in-house sales personnel
+Added: ● Selectively
+Added: engaging independent distributors
+Added: private label products to distributors
+Added: market recognition for our Organicell brand from:
+Added: and participating in industry trade shows
+Added: our sales market outside of the United States
+Added: the number of RAAM product offerings for various modalities using proprietary processing,
formulas and administration techniques
−Removed: o Extending our referral network of Providers based on:
−Removed: Superior product offerings
−Removed: Demonstrating a realistic and executable regulatory roadmap to assure Company and product compliance
+Added: additional revenues from IV Drip Therapies to be conducted through Livin Again
+Added: our referral network of Providers based on:
+Added: product offerings
+Added: ● Demonstrating
+Added: a realistic and executable regulatory roadmap to assure Company and product compliance
with current and anticipated FDA regulations
−Removed: Developing and providing educational support to Providers regarding our products and regulatory
−Removed: Execute on current strategy
−Removed: to assure the Company’s ability to maintain compliance with existing and the anticipated changes to FDA regulations regarding
−Removed: the use and sale of our current products published in November 2017 and expected to take effect by May 2021, as well as readiness
−Removed: to respond to ongoing future changes to those regulations:
−Removed: o Perform clinical based studies associated with the use of our products (independently and/or in
−Removed: conjunction with Providers and/or Manufacturers) and seek accelerated approval for each product application in accordance with
−Removed: the 21st Century Cures Act (“Cures Act”) and/or through the granting of an FDA-approved biologics application (BLA)
−Removed: to allow products to be lawfully marketed and/or sold in the United States in accordance with newly established FDA guidelines
−Removed: outlined in November 2017 expected to take effect by May 2021;
−Removed: o Continue to build out our lab facilities to meet expected production and research requirements;
−Removed: o Engage high profile and industry recognized medical advisors and scientists to help identify new
−Removed: and emerging technologies concerning biologics and to assure our Products remain cutting edge and competitive to products offered
−Removed: by other companies;
−Removed: o Identify alternative products and services to (a) offset any potential decline in revenues resulting
−Removed: from FDA limitations on the sales and distribution of our existing products currently being sold and distributed as a result of
−Removed: our commencement of clinical trials using such products and/or future expected FDA restrictions on RAAM products and (b) provide
−Removed: our Providers with alternative product and treatment options to remain competitive with the market and our Providers to meet the
−Removed: needs and demands of their patients;
−Removed: o Expand our sales market and network of Providers outside of the United States
−Removed: o Identify sources of exclusive and superior suppliers of RAAM products;
−Removed: o Identify strategic relationships to acquire existing Providers and/or suppliers or owners of IP
−Removed: associated with additional desired RAAM products;
−Removed: o Engage new researchers that bring additional expertise and capacity to develop ongoing research
−Removed: and development and growth opportunities for additional RAAM-related products.
−Removed: Secure additional working capital;
−Removed: o Fund shortfalls in working capital to fund ongoing expenses and required payments to vendors and
−Removed: creditors until revenues are stabilized;
−Removed: o Fund ongoing costs to pursue clinical trials;
−Removed: o Fund capital expenditures associated with maintaining compliance of our facilities and products;
−Removed: o Fund our strategy to develop and expand our revenues for the sales and distribution of RAAM related
−Removed: products described above;
−Removed: o Hire additional personnel to support our growth and planned expansion;
−Removed: o Enhance our CRM, e-commerce and ERP capabilities to facilitate marketing,
−Removed: sales and distribution functionality and accounting for our operations.
−Removed: Enhance Company Corporate Governance;
−Removed: o Revisit previously announced plans to complete a reverse split, and a reduction in the authorized
+Added: and providing educational support to Providers regarding our products and regulatory
+Added: additional working capital;
+Added: shortfalls in working capital to fund ongoing expenses and required payments to vendors
+Added: and creditors until revenues are stabilized;
+Added: ongoing costs to pursue clinical trials;
+Added: capital expenditures associated with maintaining compliance of our facilities and products;
+Added: our strategy to develop and expand our revenues for the sales and distribution of RAAM
+Added: related products described above;
+Added: additional personnel to support our growth and planned expansion;
+Added: our CRM, e-commerce and ERP capabilities to facilitate marketing, sales and distribution
+Added: functionality and accounting for our operations.
+Added: Company Corporate Governance;
+Added: previously announced plans to complete a reverse split, and a reduction in the authorized
shares outstanding.
−Removed: The Company believes a reverse split will bring value to the issued and outstanding shares of the Company by
−Removed: limiting dilution of operating results by an excessive number of shares overhanging the market;
−Removed: o Appoint additional independent members to the Board of Directors that will provide overall industry
−Removed: expertise and fulfill audit committee and independent director requirements to meet listing requirements for the national stock
−Removed: o Continue to develop and expand the Company’s internal control policies
−Removed: Potential Effects of COVID-19 Pandemic
−Removed: The current outbreak of the novel coronavirus
−Removed: (“COVID-19”) and resulting impact to the United States economic environments began to take hold during March 2020.
−Removed: The adverse public health developments and economic effects of the COVID-19 outbreak in the United States, have adversely affected
−Removed: the demand for our products and services by our customers and from patients of our customers as a result of quarantines, facility
−Removed: closures and social distancing measures put into effect in connection with the COVID-19 outbreak and which currently still continue
−Removed: to have a negative impact to our business and the economy.
−Removed: These restrictions have adversely affected the Company’s sales,
−Removed: results of operations and financial condition.
−Removed: In response to the COVID-19 outbreak, the Company (a) has accelerated its research
−Removed: and development activities, particularly in regards to potential health benefits of the Company’s products in addressing
−Removed: various health concerns associated with COVID-19 and (b) is aggressively seeking to raise additional debt and/or equity financing
−Removed: to support working capital requirements until sale for its products to providers resumes to levels pre COVID-19.
−Removed: There is no assurance as to when the adverse
−Removed: impact to the United States and worldwide economies resulting from the COVID-19 outbreak will be eliminated, if at all, and whether
−Removed: any new or recurring pandemic outbreaks will occur again in the future causing similar or worse devastating impact to the United
−Removed: States and worldwide economies.
−Removed: Market Overview
−Removed: The population of the United States and
−Removed: the developed world is getting older and living longer.
−Removed: According to a United States Consensus Bureau’s report, “An
−Removed: America’s 65-and-over population is projected to nearly double over the next three decades, ballooning
−Removed: from 48 million to 88 million by 2050 and that worldwide, the 65-and-over population will more than double to 1.6 billion by 2050.
+Added: The Company believes a reverse split will bring value to the issued
+Added: and outstanding shares of the Company by limiting dilution of operating results by an
+Added: excessive number of shares overhanging the market;
+Added: additional independent members to the Board of Directors that will provide overall industry
+Added: expertise and fulfill audit committee and independent director requirements to meet listing
+Added: requirements for the national stock exchanges;
+Added: to develop and expand the Company’s internal control policies
+Added: population of the United States and the developed world is getting older and living longer.
+Added: According to a United States Consensus
+Added: Bureau’s report, “An Aging World:
+Added: America’s 65-and-over population is projected to nearly double
+Added: over the next three decades, ballooning from 48 million to 88 million by 2050 and that worldwide, the 65-and-over population will
+Added: more than double to 1.6 billion by 2050.
According to the report, in 2015, 14.9% of the U.S.
−Removed: population was 65 or over and the United States was the 48th oldest country
−Removed: out of 228 countries and areas in the world in 2015.
−Removed: Baby boomers began reaching age 65 in 2011 and by 2050 the older share of
+Added: population was 65 or over and the
+Added: United States was the 48th oldest country out of 228 countries and areas in the world in 2015.
+Added: Baby boomers began reaching age
+Added: 65 in 2011 and by 2050 the older share of the U.S.
population will increase to 22.1%.
−Removed: The world average age of death has increased
−Removed: by 35 years since 1970, with declines in death rates in all age groups, including those aged 60 and older (Source:
−Removed: Institute for
−Removed: Health Metrics and Evaluation, 2013;
+Added: world average age of death has increased by 35 years since 1970, with declines in death rates in all age groups, including those
+Added: aged 60 and older (Source:
+Added: Institute for Health Metrics and Evaluation, 2013;
Mathers et al., 2015).
−Removed: The leading causes of death are shifting, in part because of increasing
−Removed: Between 1990 and 2013, the number of deaths from non-communicable diseases (“NCDs”) has increased by 42%;
−Removed: and the largest increases in the proportion of global deaths took place among the population aged 80 and over.
−Removed: An estimated 42.8%
−Removed: of deaths worldwide occur in the population aged 70 and over, with 22.9% in the population aged 80 and over.
−Removed: Also, according to the Center for Disease
−Removed: Control (“CDC”), “Medical Tourism”
−Removed: (a term commonly used to describe people traveling outside their home
−Removed: country for medical treatment) is a worldwide, multibillion-dollar phenomenon that is expected to grow substantially in the next
−Removed: 5–10 years.
−Removed: Studies have estimated that hundreds of thousands of medical tourists travel from the United States annually
−Removed: and that p atients pursue medical care abroad for a variety of reasons, including a
−Removed: desire to receive a procedure or therapy not available in their country of residence.
+Added: The leading causes of death
+Added: are shifting, in part because of increasing longevity.
+Added: Between 1990 and 2013, the number of deaths from non-communicable diseases
+Added: (“NCDs”) has increased by 42%;
+Added: and the largest increases in the proportion of global deaths took place among the population
+Added: aged 80 and over.
+Added: An estimated 42.8% of deaths worldwide occur in the population aged 70 and over, with 22.9% in the population
+Added: aged 80 and over.
+Added: according to the Center for Disease Control (“CDC”), “Medical Tourism”
+Added: (a term commonly used to describe
+Added: people traveling outside their home country for medical treatment) is a worldwide, multibillion-dollar phenomenon that is expected
+Added: to grow substantially in the next 5–10 years.
+Added: Studies have estimated that hundreds of thousands of medical tourists
+Added: travel from the United States annually and that patients pursue medical care abroad for a variety of reasons, including a desire
+Added: to receive a procedure or therapy not available in their country of residence.
Common categories of procedures that US travelers
2 unchanged sentences
Common destinations include Thailand, Mexico, Singapore, India, Malaysia, Cuba, Brazil, Argentina, and Costa Rica.
−Removed: If we are able to implement our intended
−Removed: business plan, we believe that we will be well situated to address this increased consumer demand for alternative medical treatments.
−Removed: Marketing and Sales
−Removed: Currently, we market our RAAM products
−Removed: and services to a network of Providers through in-house, contracted sales personnel and/or from independent distributors.
−Removed: October 31, 2019, we had two salespeople who marketed our RAAM products and services by using social media outlets, medical conferences
−Removed: and seminars and from development of prior and newly identified Providers and related professional relationships.
−Removed: we had arrangements with several independent distributors that were marketing and distributing our products.
+Added: we are able to implement our intended business plan, we believe that we will be well situated to address this increased consumer
+Added: demand for alternative medical treatments.
+Added: we market our RAAM products and services to a network of Providers through in-house, contracted sales personnel and/or from independent
+Added: distributors.
+Added: As of October 31, 2020, we had four salespeople who marketed our RAAM products and services.
+Added: In addition, we had
+Added: arrangements with several independent distributors that were marketing and distributing our products.
We intend in the future
−Removed: to expand our in-house sales force and independent distributors as our working capital improves, our product line expands and as
−Removed: volumes increase.
−Removed: We also intend to develop and offer ongoing training seminars to provide the best possible information on the
−Removed: latest advances on anti-aging, and regenerative medicine to Providers.
−Removed: Sources and Availability of Raw
−Removed: Materials and the Names of Principal Suppliers
−Removed: From the completion of the Sale in February
−Removed: 2018 through April 2019, we purchased all of our RAAM Products through supply arrangements directly with third-party manufacturers
−Removed: or indirectly from distributors of other third-party manufacturers.
−Removed: Beginning May 2019, we once again began
−Removed: to manufacture our own RAAM Products in our newly developed Miami, Florida laboratory facilities and acquired the required raw
−Removed: materials and supplies for our RAAM research and development and the manufacturing of our RAAM placental-related products from
−Removed: unaffiliated third-party laboratories pursuant Supply Arrangements.
−Removed: In the event any one or more of our current
−Removed: suppliers are unwilling or unable to sell us required raw materials and/or products, for any reason, we may not be able to provide
−Removed: replacement products to our customers, or if other supply arrangements can be made, the replacement products and terms may not
−Removed: be as favorable.
−Removed: Dependence on One or a Few Major
−Removed: During the year ended October 31, 2019,
−Removed: one customer accounted for approximately 12.2% of our revenues.
−Removed: Our RAAM business is not expected to be dependent on any one or
−Removed: more customers, especially as our customer and distribution network expands.
−Removed: We expect that our customer and consumers will be
−Removed: broad based and throughout the United States and worldwide.
−Removed: Patents, Trademarks, Licenses,
−Removed: Franchises, Concessions, Royalty Agreements or Labor Contracts
−Removed: The table below sets forth a summary of
−Removed: our intellectual property rights.
−Removed: Patent Applications:
+Added: to expand our in-house sales force and independent distributors as our working capital improves, our product line expands and
+Added: as volumes increase.
+Added: We also intend to develop and offer ongoing training seminars to provide the best possible information on
+Added: the latest advances on anti-aging, and regenerative medicine to Providers.
+Added: Materials and Sources of Supply
+Added: the completion of the Sale in February 2018 through April 2019, we purchased all of our RAAM Products through supply arrangements
+Added: directly with third-party manufacturers or indirectly from distributors of other third-party manufacturers.
+Added: May 2019, we once again began to manufacture our own RAAM Products in our newly developed Miami, Florida laboratory facilities
+Added: and acquired the required raw materials and supplies for our RAAM research and development and the manufacturing of our RAAM placental-related
+Added: products from unaffiliated third-party laboratories pursuant Supply Arrangements.
+Added: the event any one or more of our current suppliers are unwilling or unable to sell us required raw materials and/or products,
+Added: for any reason, we may not be able to provide replacement products to our customers, or if other supply arrangements can be made,
+Added: the replacement products and terms may not be as favorable.
+Added: RAAM business is not dependent on any one or more customers, especially as our customer and distribution network expands.
+Added: customer base is increasingly broad based and throughout the United States and worldwide.
+Added: table below sets forth a summary of our intellectual property rights.
+Added: Applications:
Organicell TM
1 unchanged sentence
of products and the proprietary techniques used in during processing perinatal fluid.
−Removed: Provisional Patent Application
−Removed: COMPOSITIONS COMPRISING
−Removed: NANOPARTICLES, METHOD OF MAKING AND USES THEREOF
+Added: Provisional Patent Application No.
+Added: COMPOSITIONS COMPRISING NANOPARTICLES, METHOD OF MAKING AND USES THEREOF
April 10, 2020
Maria Ines Mitrani
−Removed: Organicell Regenerative
−Removed: Medicine, Inc.
−Removed: Conversion Filing Deadline :
−Removed: MARIA INES MITRANI (Assignor),
Organicell Regenerative Medicine, Inc.
+Added: Filing Deadline :
April 10, 2021
+Added: MARIA INES MITRANI (Assignor), ORGANICELL REGENERATIVE MEDICINE, INC.
+Added: April 15, 2020
052403 / 0365
Goods/Services :
−Removed: Biologically derived
−Removed: products developed from perinatal tissue material for medical, regenerative and aesthetic purposes
−Removed: Serial Number :
−Removed: Filing Date :
−Removed: July 13, 2020
−Removed: Organicell Regenerative Medicine,
+Added: Radiation sterilized biologically derived products developed from perinatal tissue material in the nature of cultured
+Added: biological tissue and non-cultured biological tissue, for aesthetic purposes, other than for medical or veterinary purposes
+Added: November 19, 2020
+Added: Organicell Regenerative Medicine, Inc.
Pending, awaiting examination
Goods/Services :
−Removed: Biologically derived
−Removed: products developed from perinatal tissue material for medical, regenerative and aesthetic purposes
−Removed: Serial Number :
−Removed: Filing Date :
−Removed: Organicell Regenerative Medicine,
−Removed: Office Action issued August
+Added: Radiation sterilized biologically derived products developed from perinatal tissue material for medical and medical regenerative
+Added: purposes, namely, biological tissue grafts, implants comprising living tissue, surgical implants comprising living tissue,
+Added: and biological implants for cushioning tissues and supporting tissue repair and homeostasis (IC 005)
+Added: November 19, 2020
+Added: Organicell Regenerative Medicine, Inc.
+Added: Pending, awaiting examination
Goods/Services :
−Removed: Non-medicated anti-aging
+Added: Biologically derived nanoparticles, namely, exosomes and extracellular vesicles, developed from perinatal tissue material
+Added: for aesthetic purposes, other than for medical or veterinary purposes (IC 001)
+Added: September 9, 2020
+Added: Organicell Regenerative Medicine, Inc.
+Added: Notice of Allowance issued January 26, 2021
+Added: Goods/Services :
+Added: Biologically derived nanoparticles, namely, exosomes and extracellular vesicles, developed from perinatal tissue for medical
+Added: and medical regenerative purposes, namely, biological tissue grafts, implants comprising living tissue, surgical implants
+Added: comprising living tissue, and biological implants for cushioning tissues and supporting tissue repair and homeostasis
+Added: September 9, 2020
+Added: Organicell Regenerative Medicine, Inc.
+Added: Notice of Allowance issued January 26, 2021
+Added: Goods/Services :
+Added: Biologically derived products developed from perinatal tissue material in the nature of cultured biological tissue and
+Added: non-cultured biological tissue, for aesthetic purposes, other than for medical or veterinary purposes (IC 001);
+Added: derived products developed from perinatal tissue material for medical and medical regenerative purposes, namely, biological
+Added: tissue grafts, implants comprising living tissue, surgical implants comprising living tissue, and biological implants
+Added: for cushioning tissues and supporting tissue repair and homeostasis (IC 005)
+Added: July 13, 2020
+Added: Organicell Regenerative Medicine, Inc.
+Added: Pending, response to Office Action filed October 29, 2020
+Added: Goods/Services:
+Added: Biologically derived products developed from perinatal tissue material in the nature of cultured biological tissue
+Added: and non-cultured biological tissue, for aesthetic purposes, other than for medical or veterinary purposes (IC 001);
+Added: derived products developed from perinatal tissue material for medical and medical regenerative purposes, namely, biological
+Added: tissue grafts, implants comprising living tissue, surgical implants comprising living tissue, and biological implants
+Added: for cushioning tissues and supporting tissue repair and homeostasis (IC 005)
+Added: Organicell Regenerative Medicine, Inc.
+Added: Notice of Allowance issued December 22, 2020
+Added: Goods/Services :
+Added: Non-medicated anti-aging serum;
non-medicated skin serums;
−Removed: all of the aforementioned goods are made in whole or in substantial part of organic ingredients
−Removed: Serial Number :
−Removed: Filing Date :
+Added: all of the aforementioned goods are made in whole or in substantial
+Added: part of organic ingredients (IC 003)
January 23, 2017
−Removed: Organicell Regenerative Medicine,
−Removed: Registration Number:
−Removed: Registration Date:
+Added: Organicell Regenerative Medicine, Inc.
September 19, 2017
1 unchanged sentence
Goods/Services :
−Removed: plasma extracts
−Removed: for medical use, namely, plasma extract containing purified and concentrated exosomes derived from whole human blood
−Removed: Serial Number :
−Removed: Filing Date :
+Added: plasma extracts for medical use, namely, plasma extract containing purified and concentrated exosomes derived from whole
January 24, 2020
−Removed: Organicell Regenerative Medicine,
−Removed: Notice of Allowance issued
−Removed: July 28, 2020
+Added: Organicell Regenerative Medicine, Inc.
+Added: Notice of Allowance issued July 28, 2020 –
+Added: 1 st extension filed and approved
PATIENT PURE X - PPX
Goods/Services :
−Removed: plasma processing
−Removed: services for others, namely, extracting purified and concentrated exosomes based on whole blood harvested from patients for use
−Removed: by hospitals, clinics, or other organizations or persons involved in delivering healthcare services to patients
−Removed: Serial Number :
−Removed: Filing Date :
+Added: plasma processing services for others, namely, extracting purified and concentrated exosomes based on whole blood harvested
+Added: from patients for use by hospitals, clinics, or other organizations or persons involved in delivering healthcare services
January 24, 2020
−Removed: Organicell Regenerative Medicine,
+Added: Organicell Regenerative Medicine, Inc.
Notice of Allowance issued August 18, 2020
−Removed: Registered Copyrights:
−Removed: Domain Names:
www.organicell.com
−Removed: The status of the Company’s
−Removed: current IND’s, eIND’s, non-eIND’s submitted and approved for past or planned treatments and/or clinical trials
−Removed: are described below:
−Removed: Company’s FDA approved
−Removed: phase I/II IND, eIND’s and non-eIND’s:
−Removed: IND # 19881 approved on 04/30/2020 - A Phase I/II Randomized, Double Blinded, Placebo Trial to Evaluate
−Removed: the Safety and Potential Efficacy of Intravenous Infusion of OrganicellTM Flow for the Treatment of Moderate to Severe Acute Respiratory
−Removed: Syndrome (SARS) Related to COVID-19 Infection vs Placebo.
−Removed: IRB was approved by the Institute of Regenerative and Cellular Medicine
−Removed: (“IRCM”) on 06/04/2020 (approval number:
−Removed: IRCM-2020-254).
−Removed: Clinical trial is currently in process.
−Removed: eIND#22370 approved on 05/11/2020 - Treatment for Acute hypoxic respiratory failure with ARDS secondary
−Removed: to COVID-19 infection for single patient.
−Removed: eIND#22371 approved on 05/11/2020 - Treatment for Acute hypoxic respiratory secondary to bilateral pneumonia
−Removed: secondary to COVID-19 with ARDS for single patient.
−Removed: eIND#22897 approved on 05/29/2020 –
−Removed: Treatment for Acute respiratory
−Removed: failure with hypoxia, secondary to COVID-19 with ARDS for single patient.
−Removed: eIND#25426 approved on 07/24/2020 - Treatment of COVID-19 positive
−Removed: for single patient.
−Removed: eIND#25888 approved on 8/01/2020 - Treatment of post COVID-19 complication for single patient.
−Removed: eIND#26560 approved on 8/17/2020 - Treatment of post-COVID-19 complications for single patient.
−Removed: eIND#26561 approved on 8/17/2020 - Treatment of post-COVID-19 complications for single patient.
−Removed: eIND#26676 approved on 8/20/2020 - Treatment of respiratory failure due to COVID-19 infection for single
−Removed: eIND#26700 approved on 8/21/2020 - Treatment for ARDS associated with COVID-19 for single patient.
−Removed: eIND#26776 approved on 8/25/2020 - Treatment of COVID-19 positive for single patient.
−Removed: eIND#26777 approved on 8/25/2020 - Treatment of COVID-19 positive for single patient.
−Removed: eIND#26864 approved on 9/05/2020 - Treatment of COVID-19 positive for single patient.
−Removed: Non-eIND#26821 approved on 9/22/2020 - Treatment of post COVID-19 complications for single patient.
−Removed: Expanded Access to Zofin TM (Organicell TM Flow) approved on 09/24/2020 - Treatment
−Removed: of Patients with COVID-19 Outpatient and Inpatient Population.
−Removed: A Phase II Multicenter, Randomized, Double Blinded, Placebo Trial to Evaluate the Efficacy and
−Removed: Safety of Intramuscular Injections of ZofinTM Comparing with Intravenous Infusions for the Treatment of Post COVID-19 Complications
−Removed: and Severe Sequelae vs Placebo.
−Removed: IND submitted on 09/28/2020.
−Removed: Pending IND and IRB approval.
−Removed: Pursuant to our employment agreements with
−Removed: our executives, all work product that is created, prepared, produced, authored, edited, amended, conceived or reduced to practice
−Removed: by each executive individually or jointly with others during the period of their employment by the Company and relating in any
−Removed: way to the business or contemplated business, research or development of the Company (regardless of when or where the Work Product
−Removed: is prepared or whose equipment or other resources is used in preparing the same), as well as any and all rights in and to copyrights,
−Removed: trade secrets, trademarks (and related goodwill), patents and other intellectual property rights therein arising in any jurisdiction
−Removed: throughout the world and all related rights of priority under international conventions with respect thereto, including all pending
−Removed: and future applications and registrations thereof, and continuations, divisions, continuations-in-part, reissues, extensions and
−Removed: renewals thereof (collectively, "Intellectual Property Rights"), the sole and exclusive property of the Company.
−Removed: of the Work Product consisting of copyrightable subject matter shall be deemed "work made for hire"
−Removed: as defined in 17
−Removed: 101 and such copyrights are therefore owned by the Company or if not applicable, deemed to be irrevocably assigned
−Removed: to the Company, for no additional consideration.
+Added: to our employment agreements with our executives, all work product that is created, prepared, produced, authored, edited, amended,
+Added: conceived or reduced to practice by each executive individually or jointly with others during the period of their employment by
+Added: the Company and relating in any way to the business or contemplated business, research or development of the Company (regardless
+Added: of when or where the Work Product is prepared or whose equipment or other resources is used in preparing the same), as well as
+Added: any and all rights in and to copyrights, trade secrets, trademarks (and related goodwill), patents and other intellectual property
+Added: rights therein arising in any jurisdiction throughout the world and all related rights of priority under international conventions
+Added: with respect thereto, including all pending and future applications and registrations thereof, and continuations, divisions, continuations-in-part,
+Added: reissues, extensions and renewals thereof (collectively, "Intellectual Property Rights"), the sole and exclusive property
+Added: of the Company.
+Added: All of the Work Product consisting of copyrightable subject matter shall be deemed "work made for hire"
+Added: as defined in 17 U.S.C.
+Added: 101 and such copyrights are therefore owned by the Company or if not applicable, deemed to be irrevocably
+Added: assigned to the Company, for no additional consideration.
The Intellectual Property Rights in any “Pre-existing Materials”
−Removed: contained in the Work Product shall be retained by the executive but the executive shall be deemed to have granted to the Company
−Removed: an irrevocable, worldwide, unlimited, royalty-free license to use, publish, reproduce, display, distribute copies of, and prepare
−Removed: derivative works based upon, such Pre-Existing Materials and derivative works thereof.
−Removed: The Company may not assign, transfer and
−Removed: sublicense such rights to others without executive’s consent, other than to a wholly-owned subsidiary of the Company.
−Removed: executive shall provide written notice to the Company’s Chief Executive Officer therein notifying the Company new intellectual
−Removed: property including the Pre-Existing Materials.
−Removed: The regenerative medicine field is highly
−Removed: competitive and subject to rapid technological change and regulation.
−Removed: Companies compete on the basis of product efficacy, pricing,
−Removed: and ease of handling/logistics.
−Removed: A critically important factor for growth in the US market is third-party reimbursement, which is
−Removed: difficult to obtain, and the process can be time-consuming and expensive.
−Removed: We expect that it will take some time before RAAM products
−Removed: will be widely accepted under health insurance coverage.
−Removed: In addition, growth of this industry is expected to expand as additional
−Removed: research and development into the benefits of regenerative products and specific products becomes more widely accepted as a result
−Removed: of FDA mandated or optional clinical trials are performed by industry stakeholders.
−Removed: As stated previously, there is a growing
−Removed: urgency in the industry for companies to meet the anticipated new and more stringent regulatory deadlines to be imposed by the
−Removed: FDA in connection with regulation of RAAM products that were previously announced to go into effect in May 2021.
−Removed: As a result of
−Removed: these concerns, the Company and our competitors are expected to need to pursue research and development efforts and submit IND
−Removed: applications for FDA approval to commence clinical trials for RAAM products being sold to assure that their respective operations
−Removed: and products remain compliant with FDA regulations and there is no adverse impact to future operations.
−Removed: In addition, the Company
−Removed: believes that the ability to demonstrate that products and operations comply with regulations are important factors for companies
−Removed: in the industry to be successful in the future.
−Removed: We intend to perform clinical trials for
−Removed: our RAAM Products for the purpose of obtaining biologics license status from the FDA to provide us with advantages over our competitors,
−Removed: including acceleration for acceptance of our products in traditional insurance plans, compliance with FDA regulations and to provide
−Removed: our customers with superior education and support of the benefits of our products.
−Removed: Initially we are positioning ourselves as a
−Removed: cash-based health care alternative for consumers that can provide higher levels of improvement, that is not available from traditional
−Removed: allopathic medicine at this time.
−Removed: The Company competes in multiple areas
−Removed: of clinical treatment where regenerative biomaterials may be employed to modulate inflammation, enhance healing and reduce scar
−Removed: tissue formation:
+Added: included contained in the Work Product shall be retained by the executive but the executive shall be deemed to have granted to
+Added: the Company an irrevocable, worldwide, unlimited, royalty-free license to use, publish, reproduce, display, distribute copies
+Added: of, and prepare derivative works based upon, such Pre-Existing Materials and derivative works thereof.
+Added: The Company may not assign,
+Added: transfer and sublicense such rights to others without executive’s consent, other than to a wholly owned subsidiary of the
+Added: The executive shall provide written notice to the Company’s Chief Executive Officer therein notifying the Company
+Added: new intellectual property including the Pre-Existing Materials.
+Added: regenerative medicine field is highly competitive and subject to rapid technological change and regulation.
+Added: Companies compete
+Added: on the basis of product efficacy, pricing, and ease of handling/logistics.
+Added: A critically important factor for growth in the US
+Added: market is third-party reimbursement, which is difficult to obtain, and the process can be time-consuming and expensive.
+Added: that it will take some time before RAAM products will be widely accepted under health insurance coverage.
+Added: In addition, growth
+Added: of this industry is expected to expand as additional research and development into the benefits of regenerative products and specific
+Added: products becomes more widely accepted as a result of FDA mandated or optional clinical trials are performed by industry stakeholders.
+Added: stated previously, there is a growing urgency in the industry for companies to meet the anticipated new and more stringent regulatory
+Added: deadlines to be imposed by the FDA in connection with regulation of RAAM products that were previously announced to go into effect
+Added: As a result of these concerns, the Company and our competitors are expected to need to pursue research and development
+Added: efforts and submit IND applications for FDA approval to commence clinical trials for RAAM products being sold to assure that their
+Added: respective operations and products remain compliant with FDA regulations and there is no adverse impact to future operations.
+Added: In addition, the Company believes that the ability to demonstrate that products and operations comply with regulations are important
+Added: factors for companies in the industry to be successful in the future.
+Added: intend to perform clinical trials for our RAAM Products for the purpose of obtaining biologics license status from the FDA to
+Added: provide us with advantages over our competitors, including acceleration for acceptance of our products in traditional insurance
+Added: plans, compliance with FDA regulations and to provide our customers with superior education and support of the benefits of our
+Added: Initially we are positioning ourselves as a cash-based health care alternative for consumers that can provide higher
+Added: levels of improvement, that is not available from traditional allopathic medicine at this time.
+Added: Company competes in multiple areas of clinical treatment where regenerative biomaterials may be employed to modulate inflammation,
+Added: enhance healing and reduce scar tissue formation:
advanced wound care treatment, spine, orthopedic, surgery and sports medicine.
−Removed: The primary competitive products in this
−Removed: space include autologous serums derived from blood, bone marrow, and adipose tissue (Regenexx) and allograft products derived from
−Removed: amniotic fluid or amniotic membrane, umbilical cord blood or umbilical cord tissue matrix, or from culture-expanded perinatal cells.
−Removed: Our competitors are primarily producer-distributor companies which include Predictive Biotech, Kimera Labs, MiMedix Group, Inc.,
−Removed: Invitrx Therapeutics, Liveyon, BioD (“dermaSciences”), and Direct Biologics, as well as a number of distributors who
−Removed: sell white-labeled products from those producer-distributor entities.
−Removed: Additionally, there are a variety of accredited blood, bone,
−Removed: and soft tissue banks that we will be competing against, including Utah Cord Bank and Cord for Life.
−Removed: As stated previously, the demand for RAAM
−Removed: products is very high and expected to grow with the growing baby boomer generation getting older, the increase in patients desiring
−Removed: to seek health care options outside of traditional therapies, the growing trend in the desire of individuals to remain active longer
−Removed: in life and the ongoing rise in health care costs which RAAM products may provide a more efficient and economical alternative for
−Removed: certain conditions.
−Removed: Government Regulation
−Removed: The Company’s operations are subject
−Removed: to FDA regulations in connection with the sales and distribution of its RAAM products.
−Removed: In addition, the Company relies on supply
−Removed: agreements with birth tissue recovery companies, supply manufacturers and/or third party distributors for the supply of RAAM products
−Removed: and/or the Company’s intended objectives to conduct research and development and clinical trials of RAAM products, all of
−Removed: whom are required to comply with FDA regulations.
−Removed: We anticipate these regulations will be heavily enforced and subject to more
−Removed: restrictive regulations by the FDA in the future.
−Removed: A summary of the current FDA regulations is set forth below:
+Added: primary competitive products in this space include autologous serums derived from blood, bone marrow, and adipose tissue (Regenexx)
+Added: and allograft products derived from amniotic fluid or amniotic membrane, umbilical cord blood or umbilical cord tissue matrix,
+Added: or from culture-expanded perinatal cells.
+Added: Our competitors are primarily producer-distributor companies which include Predictive
+Added: Biotech, Kimera Labs, MiMedix Group, Inc., Invitrx Therapeutics, Liveyon, BioD (“dermaSciences”), and Direct Biologics,
+Added: as well as a number of distributors who sell white-labeled products from those producer-distributor entities.
+Added: Additionally, there
+Added: are a variety of accredited blood, bone, and soft tissue banks that we will be competing against, including Utah Cord Bank and
+Added: Cord for Life.
+Added: stated previously, the demand for RAAM products is very high and expected to grow with the growing baby boomer generation getting
+Added: older, the increase in patients desiring to seek health care options outside of traditional therapies, the growing trend in the
+Added: desire of individuals to remain active longer in life and the ongoing rise in health care costs which RAAM products may provide
+Added: a more efficient and economical alternative for certain conditions.
+Added: Company’s operations are subject to FDA regulations in connection with the sales and distribution of its RAAM products.
+Added: In addition, the Company relies on supply agreements with birth tissue recovery companies, supply manufacturers and/or third party
+Added: distributors for the supply of RAAM products and/or the Company’s intended objectives to conduct research and development
+Added: and clinical trials of RAAM products, all of whom are required to comply with FDA regulations.
+Added: We anticipate these regulations
+Added: will be heavily enforced and subject to more restrictive regulations by the FDA in the future.
+Added: A summary of the current FDA regulations
+Added: is set forth below:
Premarket Clearance and Approval Requirements
−Removed: Tissue Products
−Removed: Currently the products that are sold by
−Removed: the Company are derived from human tissue that is purchased by the Company and processed directly in the Company’s laboratory
−Removed: At times when the Company did not manufacture its own products, the products sold were manufactured and processed by
−Removed: third party manufacturers.
−Removed: As discussed below, some tissue-based products are regulated solely under Section 361 of the Public
−Removed: Health Service Act as human cells, tissues and cellular and tissue-based products, or HCT/Ps, which do not require premarket clearance
−Removed: or approval by the FDA.
−Removed: Other tissue products are regulated as biologics and, in order to be lawfully marketed in the United States,
−Removed: require an FDA-approved BLA.
−Removed: The FDA is continually changing and formulating
−Removed: new guidelines for this industry.
−Removed: In addition, the FDA has published some additional draft guidelines related to this industry
−Removed: and the ultimate form of the regulations are not yet known.
−Removed: Products Regulated
−Removed: The FDA has specific regulations governing
−Removed: human cells, tissues and cellular and tissue-based products, or HCT/Ps.
−Removed: An HCT/P is a product containing or consisting of human
−Removed: cells or tissue intended for transplantation into a human patient.
−Removed: HCT/Ps that meet the criteria for regulation solely under Section
−Removed: 361 of the Public Health Service Act (so-called “361 HCT/Ps”) are not subject to approval requirements and they are
−Removed: subject to post-market regulatory requirements.
−Removed: To be a 361 HCT/P, a product generally
−Removed: should meet following criteria:
−Removed: Be minimally manipulated, no structural change, or be mixed with anything;
−Removed: Be intended for homologous use, essentially used for the same purpose that it was used in the donor;
−Removed: Its manufacture must not involve combination with another article, except for water, crystalloids
+Added: the products that are sold by the Company are derived from human tissue that is purchased by the Company and processed directly
+Added: in the Company’s laboratory facilities.
+Added: At times when the Company did not manufacture its own products, the products sold
+Added: were manufactured and processed by third party manufacturers.
+Added: As discussed below, some tissue-based products are regulated solely
+Added: under Section 361 of the Public Health Service Act as human cells, tissues and cellular and tissue-based products, or HCT/Ps,
+Added: which do not require premarket clearance or approval by the FDA.
+Added: Other tissue products are regulated as biologics and, in order
+Added: to be lawfully marketed in the United States, require an FDA-approved BLA.
+Added: FDA is continually changing and formulating new guidelines for this industry.
+Added: In addition, the FDA has published some additional
+Added: draft guidelines related to this industry and the ultimate form of the regulations are not yet known.
+Added: Regulated as HCT/Ps
+Added: FDA has specific regulations governing human cells, tissues and cellular and tissue-based products, or HCT/Ps.
+Added: An HCT/P is a product
+Added: containing or consisting of human cells or tissue intended for transplantation into a human patient.
+Added: HCT/Ps that meet the criteria
+Added: for regulation solely under Section 361 of the Public Health Service Act (so-called “361 HCT/Ps”) are not subject
+Added: to approval requirements and they are subject to post-market regulatory requirements.
+Added: be a 361 HCT/P, a product generally should meet following criteria:
+Added: minimally manipulated, no structural change, or be mixed with anything;
+Added: intended for homologous use, essentially used for the same purpose that it was used in
+Added: manufacture must not involve combination with another article, except for water, crystalloids
or a sterilizing, preserving or storage agent;
−Removed: It must not be dependent upon the metabolic activity of living cells for its primary function.
−Removed: Products Regulated
−Removed: as Biologics- The BLA Pathway
−Removed: The typical steps for obtaining FDA approval
−Removed: of a BLA to market a biologic product in the U.S.
−Removed: Completion of preclinical laboratory tests, animal studies and formulations studies under the FDA’s
+Added: must not be dependent upon the metabolic activity of living cells for its primary function.
+Added: Regulated as Biologics- The BLA Pathway
+Added: typical steps for obtaining FDA approval of a BLA to market a biologic product in the U.S.
+Added: of preclinical laboratory tests, animal studies and formulations studies under the FDA’s
good laboratory practices regulations;
−Removed: Submission to the FDA of an Investigational New Drug Application (“IND”) for human
−Removed: clinical testing, which must become effective before human clinical trials may begin and which must include independent Institutional
−Removed: Review Board (“IRB”) approval at each clinical site before the trials may be initiated;
−Removed: Performance of adequate and well-controlled clinical trials in accordance with Good Clinical Practices
+Added: to the FDA of an Investigational New Drug Application (“IND”) for human clinical
+Added: testing, which must become effective before human clinical trials may begin and which
+Added: must include independent Institutional Review Board (“IRB”) approval at each
+Added: clinical site before the trials may be initiated;
+Added: ● Performance
+Added: of adequate and well-controlled clinical trials in accordance with Good Clinical Practices
to establish the safety and efficacy of the product for each indication;
−Removed: Submission to the FDA of a Biologics License Application for marketing the product, which includes,
−Removed: among other things, reports of the outcomes and full data sets of the clinical trials, and proposed labeling and packaging for
−Removed: Satisfactory completion of an FDA Advisory Committee review;
−Removed: Satisfactory completion of an FDA inspection of the manufacturing facility or facilities at which
−Removed: the product is produced to assess compliance with Current Good Manufacturing Practices (“cGMP”) regulations.
−Removed: Generally, clinical trials are conducted
−Removed: in three phases:
−Removed: Phase I trials typically involve a small number of healthy volunteers and are designed to
−Removed: provide information about the product safety.
−Removed: Phase II trials are conducted in a larger but limited group of patients afflicted with a
−Removed: specific diagnosis in order to determine preliminary efficacy, and to identify possible adverse effects.
−Removed: o Dosage studies are designated as Phase IIA and efficacy studies are designated as Phase IIB.
−Removed: Phase III clinical trials are generally large-scale, multi-center, comparative trials conducted
−Removed: with patients who have a specific condition in order to provide statistically valid proof of efficacy, as well as safety and potency.
−Removed: In some cases, the FDA will require Phase IV , or post-marketing trials, to collect additional
−Removed: data after a product is on the market.
−Removed: The process of obtaining an approved BLA
−Removed: requires the expenditure of substantial time, effort and financial resources and may take years to complete.
−Removed: FDA Post-Market Regulation
−Removed: Tissue processors are required to register
−Removed: as an establishment with the FDA.
−Removed: We intend on becoming a registered establishment, accredited by the American Association of Tissue
−Removed: Banks (“AATB”) for the storage and distribution of tissue products that we purchase directly or indirectly from third
−Removed: party manufacturers.
−Removed: Once we are registered, we will be required to comply with regulations, including those regulations regarding
−Removed: storage, controls, access, labeling, record keeping, security, processes, compliance with established Good Tissue Practices, and
−Removed: documentation associated with the sale of our products by our customers to their patients.
−Removed: Our facilities will be subject to periodic
−Removed: inspections to assess our records and determination of our compliance with the regulations.
−Removed: Products covered by a BLA, 510(k) clearance,
−Removed: or a PMA are subject to numerous additional regulatory requirements, which include, among others, compliance with cGMP, which imposes
−Removed: certain procedural, substantive and record keeping requirements, labeling regulations, the FDA’s general prohibition against
−Removed: promoting products for unapproved or “off-label”
−Removed: uses, and additional adverse event reporting.
−Removed: Other Regulation Specific
−Removed: to Tissue Products
−Removed: The AATB, has issued operating standards
−Removed: for tissue banking, whether manufacturing and/or storing products as a distributor of manufactured products by third parties.
−Removed: with these standards is a requirement in order to become a licensed tissue bank.
+Added: to the FDA of a Biologics License Application for marketing the product, which includes,
+Added: among other things, reports of the outcomes and full data sets of the clinical trials,
+Added: and proposed labeling and packaging for the product;
+Added: ● Satisfactory
+Added: completion of an FDA Advisory Committee review;
+Added: ● Satisfactory
+Added: completion of an FDA inspection of the manufacturing facility or facilities at which
+Added: the product is produced to assess compliance with Current Good Manufacturing Practices
+Added: (“cGMP”) regulations.
+Added: clinical trials are conducted in three phases:
+Added: I trials typically involve a small number of healthy volunteers and are designed
+Added: to provide information about the product safety.
+Added: II trials are conducted in a larger but limited group of patients afflicted with
+Added: a specific diagnosis in order to determine preliminary efficacy, and to identify possible
+Added: adverse effects.
+Added: studies are designated as Phase IIA and efficacy studies are designated as Phase IIB.
+Added: III clinical trials are generally large-scale, multi-center, comparative trials conducted
+Added: with patients who have a specific condition in order to provide statistically valid proof
+Added: of efficacy, as well as safety and potency.
+Added: some cases, the FDA will require Phase IV , or post-marketing trials, to collect
+Added: additional data after a product is on the market.
+Added: process of obtaining an approved BLA requires the expenditure of substantial time, effort and financial resources and may take
+Added: years to complete.
+Added: Post-Market Regulation
+Added: processors are required to register as an establishment with the FDA.
+Added: We intend on becoming a registered establishment, accredited
+Added: by the American Association of Tissue Banks (“AATB”) for the storage and distribution of tissue products that we purchase
+Added: directly or indirectly from third party manufacturers.
+Added: Once we are registered, we will be required to comply with regulations,
+Added: including those regulations regarding storage, controls, access, labeling, record keeping, security, processes, compliance with
+Added: established Good Tissue Practices, and documentation associated with the sale of our products by our customers to their patients.
+Added: Our facilities will be subject to periodic inspections to assess our records and determination of our compliance with the regulations.
+Added: covered by a BLA, 510(k) clearance, or a PMA are subject to numerous additional regulatory requirements, which include, among
+Added: others, compliance with cGMP, which imposes certain procedural, substantive and record keeping requirements, labeling regulations,
+Added: the FDA’s general prohibition against promoting products for unapproved or “off-label”
+Added: uses, and additional
+Added: adverse event reporting.
+Added: Regulation Specific to Tissue Products
+Added: AATB, has issued operating standards for tissue banking, whether manufacturing and/or storing products as a distributor of manufactured
+Added: products by third parties.
+Added: Compliance with these standards is a requirement in order to become a licensed tissue bank.
Century Cures Act
December 2016, President Obama signed the 21st Century Cures Act (the “Act”) into law.
−Removed: The Act includes
−Removed: many provisions that aim to speed up the process of bringing new drugs and devices to market.
+Added: The Act includes many
+Added: provisions that aim to speed up the process of bringing new drugs and devices to market.
One of the Act’s most significant
−Removed: amendments to the Federal Food, Drug and Cosmetic Act will allow the FDA to grant accelerated approval to regenerative medicine
−Removed: products, while also providing the agency with wide discretion on creating new approaches to regenerative medicine.
−Removed: This legislative
−Removed: development is the result of increased pressure from patients and other stakeholders to move regenerative medicine advancements
−Removed: more quickly from the lab into the clinic.
−Removed: Specifically, the new accelerated approval
−Removed: pathway authorized by the Act allows certain regenerative medicine products to be designated as “regenerative advanced therapy”
+Added: amendments to the Federal Food, Drug and Cosmetic Act allows the FDA to grant accelerated approval to regenerative medicine products,
+Added: while also providing the agency with wide discretion on creating new approaches to regenerative medicine.
+Added: This legislative development
+Added: is the result of increased pressure from patients and other stakeholders to move regenerative medicine advancements more quickly
+Added: from the lab into the clinic.
+Added: Specifically,
+Added: the new accelerated approval pathway authorized by the Act allows certain regenerative medicine products to be designated as “regenerative
+Added: advanced therapy”
and become eligible for priority review by FDA.
−Removed: To qualify for this pathway, the product must be aimed at a serious disease and
−Removed: have the potential to deal with currently unmet medical needs.
−Removed: It must also meet the Act’s new definition of a regenerative
−Removed: advanced therapy, which is defined as “cell therapy, therapeutic tissue engineering products, human cell and tissue products,
−Removed: and combination products using any such therapies or products, except for those regulated solely under section 361 of the Public
−Removed: Health Service Act.”
−Removed: This broad definition would seem to encompass the majority of regenerative medicine products known to
−Removed: be currently in the development stages.
−Removed: As with the existing accelerated approval
−Removed: pathway for drugs and biologics, this new regulatory pathway would allow a regenerative medicine product to be approved for marketing
−Removed: based on surrogate or intermediate clinical trial endpoints rather than longer term clinical outcomes.
−Removed: The use of such endpoints
−Removed: can decrease the number, duration, and complexity of clinical trials that are needed to prove a longer-term outcome.
−Removed: Subsequently,
−Removed: a sponsor would have to conduct confirmatory clinical trials to ensure that the surrogate or intermediate endpoint was in fact
−Removed: predictive of patients’
−Removed: clinical response to the product, otherwise the accelerated approval could be withdrawn.
−Removed: The Act also requires the FDA to work with
−Removed: the National Institute of Standards and Technology (“NIST”) and other stakeholders to develop standards and consensus
−Removed: definitions for regenerative medicine products.
−Removed: Such standards are expected to play a large role in advancing this nascent industry
−Removed: by allowing companies to rely on FDA-recognized standards, rather than creating and validating their own as is the case today.
−Removed: The Act attempts to create a research network
−Removed: and a public-private partnership to assist developers in generating definitive evidence about whether their proposed therapies
−Removed: indeed provide clinical benefits that are hoped for.
−Removed: The Act also requires the FDA to track and report the number and type of applications
−Removed: filed for regenerative medicine products, including the number of products approved through the new accelerated approval pathway.
−Removed: The law also includes provisions that require the FDA to publish guidance on how it will design and implement an approval process
−Removed: for regenerative medicine devices.
−Removed: November 2017 FDA Guidelines
−Removed: In November 2017, the FDA released four
−Removed: guidance documents (two final, two draft) in an effort to implement a “comprehensive policy framework”
−Removed: laws and regulations governing regenerative medicine products, including human cells, tissues, and cellular and tissue-based products
−Removed: (“HCT/Ps”).
−Removed: These guidance documents build upon the previous regulatory framework for these products, which was
−Removed: completed in 2005.
−Removed: A guidance document cannot alter a regulation, but can clarify how the FDA intends to enforce the regulation.
−Removed: The Comprehensive regenerative medicine policy framework intends to spur innovation, efficient access to potentially transformative
−Removed: products, while ensuring safety & efficacy.
−Removed: The framework builds upon the FDA’s
−Removed: existing risk-based regulatory approach to more clearly describe what products are regulated as drugs, devices, and/or biological
−Removed: Further, two of the guidance documents propose an efficient, science-based process for helping to ensure the safety and
−Removed: effectiveness of these therapies, while supporting development in this area.
−Removed: The suite of guidance documents also defines a risk-based
−Removed: framework for how the FDA intends to focus its enforcement actions against those products that raise potential significant safety
−Removed: This modern framework is intended to balance the agency’s commitment to safety with mechanisms to drive further
−Removed: advances in regenerative medicine so innovators can bring new, effective therapies to patients as quickly and safely as possible.
+Added: To qualify for this pathway, the product must be aimed
+Added: at a serious disease and have the potential to deal with currently unmet medical needs.
+Added: It must also meet the Act’s new
+Added: definition of a regenerative advanced therapy, which is defined as “cell therapy, therapeutic tissue engineering products,
+Added: human cell and tissue products, and combination products using any such therapies or products, except for those regulated solely
+Added: under section 361 of the Public Health Service Act.”
+Added: This broad definition would seem to encompass the majority of regenerative
+Added: medicine products known to be currently in the development stages.
+Added: with the existing accelerated approval pathway for drugs and biologics, this new regulatory pathway would allow a regenerative
+Added: medicine product to be approved for marketing based on surrogate or intermediate clinical trial endpoints rather than longer term
+Added: clinical outcomes.
+Added: The use of such endpoints can decrease the number, duration, and complexity of clinical trials that are needed
+Added: to prove a longer-term outcome.
+Added: Subsequently, a sponsor would have to conduct confirmatory clinical trials to ensure that the
+Added: surrogate or intermediate endpoint was in fact predictive of patients’
+Added: clinical response to the product, otherwise the accelerated
+Added: approval could be withdrawn.
+Added: Act also requires the FDA to work with the National Institute of Standards and Technology (“NIST”) and other stakeholders
+Added: to develop standards and consensus definitions for regenerative medicine products.
+Added: Such standards are expected to play a large
+Added: role in advancing this nascent industry by allowing companies to rely on FDA-recognized standards, rather than creating and validating
+Added: their own as is the case today.
+Added: Act attempts to create a research network and a public-private partnership to assist developers in generating definitive evidence
+Added: about whether their proposed therapies indeed provide clinical benefits that are hoped for.
+Added: The Act also requires the FDA to track
+Added: and report the number and type of applications filed for regenerative medicine products, including the number of products approved
+Added: through the new accelerated approval pathway.
+Added: The law also includes provisions that require the FDA to publish guidance on how
+Added: it will design and implement an approval process for regenerative medicine devices.
+Added: 2017 FDA Guidelines
+Added: November 2017, the FDA released four guidance documents (two final, two draft) in an effort to implement a “comprehensive
+Added: policy framework”
+Added: for existing laws and regulations governing regenerative medicine products, including human cells, tissues,
+Added: and cellular and tissue-based products (“HCT/Ps”).
+Added: These guidance documents build upon the previous regulatory
+Added: framework for these products, which was completed in 2005.
+Added: A guidance document cannot alter a regulation, but can clarify
+Added: how the FDA intends to enforce the regulation.
+Added: The Comprehensive regenerative medicine policy framework intends to spur innovation,
+Added: efficient access to potentially transformative products, while ensuring safety & efficacy.
+Added: framework builds upon the FDA’s existing risk-based regulatory approach to more clearly describe what products are regulated
+Added: as drugs, devices, and/or biological products.
+Added: Further, two of the guidance documents propose an efficient, science-based process
+Added: for helping to ensure the safety and effectiveness of these therapies, while supporting development in this area.
+Added: guidance documents also defines a risk-based framework for how the FDA intends to focus its enforcement actions against those
+Added: products that raise potential significant safety concerns.
+Added: This modern framework is intended to balance the agency’s commitment
+Added: to safety with mechanisms to drive further advances in regenerative medicine so innovators can bring new, effective therapies
+Added: to patients as quickly and safely as possible.
The policy also delivers on important provisions of the Act.
−Removed: Final Guidance Documents
−Removed: The two final guidance documents clarify
−Removed: the FDA’s interpretation of the risk-based criteria manufacturers use to determine whether a product is subject to the FDA’s
−Removed: premarket review.
−Removed: The first guidance provides greater
−Removed: clarity around when cell and tissue-based products would be exempted from the established regulations if they are removed from
−Removed: and implanted into the same individual within the same surgical procedure and remain in their original form.
−Removed: The second final guidance
−Removed: helps stakeholders better understand how existing regulatory criteria apply to their products by clarifying how the agency interprets
−Removed: the existing regulatory definitions “minimal manipulation”
−Removed: and “homologous use.”
−Removed: As this field advances,
−Removed: the FDA has noted that there are a growing number of regenerative medicine products subject to FDA premarket authorization.
−Removed: guidance documents will help explain how the FDA will provide a risk-based framework for its oversight.
−Removed: The policy framework defines
−Removed: how the FDA intends to take action against unsafe products while facilitating continued innovation of promising technologies.
−Removed: To accomplish this goal, the guidance document
−Removed: has clarified the FDA’s view of “minimal manipulation”
−Removed: and “homologous use.”
−Removed: These are two concepts
−Removed: that are defined in current regulation to establish the legal threshold for when a product is subject to the FDA’s premarket
−Removed: approval requirements.
−Removed: By further clarifying these terms in the final guidance, the FDA is applying a modern framework for its
−Removed: FDA regulations at 21 C.F.R.
−Removed: previous draft guidance documents, and untitled letters establish the agency’s approach to regulating HCT/Ps.
−Removed: are exempt from premarket approval and are subject to regulation solely under section 361 of the Public Health Service Act (“PHS
−Removed: Act”) (so - called “361 HCT/Ps”) whereas others
−Removed: require premarket approval (i.e., as a drug, device, or biologic) (so - called
−Removed: “351 HCT/Ps”).
−Removed: Both 361 HCT/Ps and 351 HCT/Ps are subject to FDA requirements (at Part 1271) for registration
−Removed: and listing, donor-eligibility, current good tissue practices, and other requirements intended to prevent transmission of communicable
+Added: Guidance Documents
+Added: two final guidance documents clarify the FDA’s interpretation of the risk-based criteria manufacturers use to determine
+Added: whether a product is subject to the FDA’s premarket review.
+Added: first guidance provides greater clarity around when cell and tissue-based products would be exempted from the established
+Added: regulations if they are removed from and implanted into the same individual within the same surgical procedure and remain in their
+Added: original form.
+Added: The second final guidance helps stakeholders better understand how existing regulatory criteria apply to their
+Added: products by clarifying how the agency interprets the existing regulatory definitions “minimal manipulation”
+Added: and “homologous
+Added: As this field advances, the FDA has noted that there are a growing number of regenerative medicine products subject
+Added: to FDA premarket authorization.
+Added: These guidance documents will help explain how the FDA will provide a risk-based framework for
+Added: its oversight.
+Added: The policy framework defines how the FDA intends to take action against unsafe products while facilitating continued
+Added: innovation of promising technologies.
+Added: accomplish this goal, the guidance document has clarified the FDA’s view of “minimal manipulation”
+Added: and “homologous
+Added: These are two concepts that are defined in current regulation to establish the legal threshold for when a product
+Added: is subject to the FDA’s premarket approval requirements.
+Added: By further clarifying these terms in the final guidance, the FDA
+Added: is applying a modern framework for its oversight.
+Added: regulations at 21 C.F.R.
+Added: Part 1271, previous draft guidance documents, and untitled letters establish the agency’s approach
+Added: to regulating HCT/Ps.
+Added: Some HCT/Ps are exempt from premarket approval and are subject to regulation solely under section 361 of
+Added: the Public Health Service Act (“PHS Act”) (so-called “361 HCT/Ps”) whereas others require premarket approval
+Added: (i.e., as a drug, device, or biologic) (so-called “351 HCT/Ps”).
+Added: Both 361 HCT/Ps and 351 HCT/Ps are subject
+Added: to FDA requirements (at Part 1271) for registration and listing, donor-eligibility, current good tissue practices, and other requirements
+Added: intended to prevent transmission of communicable diseases.
Those that are the subject of the “same surgical procedure”
exception –
−Removed: are exempt from both
−Removed: premarket approval requirements and the requirements of Part 1271.
−Removed: This regime is outlined in a flow chart, which is one
−Removed: of the few new features of the final guidance documents and is presented below:
−Removed: Enforcement Discretion
−Removed: In order to allow manufacturers of products
−Removed: time to comply with the requirements, the FDA announced that it intended (originally through November 2020) to exercise enforcement
−Removed: discretion for certain products that are subject to the FDA’s premarket review under the existing regulations, but are not
−Removed: currently meeting these requirements.
−Removed: The FDA does not intend to exercise such enforcement discretion for those products that pose
−Removed: a potential significant safety concern.
−Removed: Going forward, the FDA will apply a risk-based approach to enforcement, taking into account
−Removed: how products are being administered as well as the diseases and conditions for which they are being used.
−Removed: This risk-based approach
−Removed: allows product manufacturers time to engage with the FDA, as to determine if they need to submit a marketing authorization application
−Removed: and, if so, submit their application to the FDA for approval.
−Removed: On July 20, 2020, the FDA announced it
−Removed: was extending the enforcement discretion policy an additional six months through May 2021 as a result of the challenges presented
−Removed: by the COVID-19 pandemic.
−Removed: The FDA’s enforcement discretion
−Removed: policy for IND and premarket approval requirements does not apply to products that have been associated with reported safety concerns
−Removed: or have the potential to cause significant safety concerns to patients.
−Removed: The FDA has stepped up its oversight of cellular and related
−Removed: products in recent years and has issued compliance actions, including numerous warning and untitled letters, and pursued litigation
−Removed: for serious violations of the law, including some involving patient harm.
−Removed: Although the FDA has not changed its basic
−Removed: approach to regulating HCT/Ps, the FDA intends to exercise enforcement discretion up through May 2021 with regard to 351 HCT/Ps
−Removed: requiring premarket approval.
−Removed: The guidance states that, in order to “give manufacturers time to determine if they need to
−Removed: submit an IND or marketing application in light of this guidance,”
−Removed: the FDA intends to exercise enforcement discretion (i.e.,
−Removed: the Agency may permit marketing without an approved marketing application) if the HCT/P “is intended for autologous use and
−Removed: its use does not raise reported safety concerns or potential significant safety concerns.”
−Removed: The FDA has indicated it intends to focus
−Removed: enforcement actions on “products with higher risk,”
−Removed: taking into account factors such as non - autologous
−Removed: (allogeneic) use, the route of administration, the site of administration, and whether the product is intended for homologous or
−Removed: non-homologous use.
−Removed: For example, HCT/Ps administered via intravenous injection or infusion, aerosol inhalation, intraocular injection,
−Removed: or injection or infusion into the central nervous system, will be prioritized over HCT/Ps administered by intradermal, subcutaneous,
−Removed: or intra-articular injection.
−Removed: Similarly, HCT/Ps intended for non-homologous use, particularly those intended to treat serious or
−Removed: life-threatening conditions, “are more likely to raise significant safety concerns than HCT/Ps intended for homologous use”.
−Removed: The Company believes that the new regulatory
−Removed: restrictions being implemented by the FDA are intended to assure that all parties involved in the chain of gathering, processing,
−Removed: distributing and/or administrating RAAM related products have met the required standards to assure that the manufacturing, marketing
−Removed: the administration of the RAAM regulated products are not misleading and are performed in a safe and ethical manner and in accordance
−Removed: with the “objective intent”
+Added: are exempt from both premarket approval requirements and the requirements of Part 1271.
+Added: This regime is
+Added: outlined in a flow chart, which is one of the few new features of the final guidance documents and is presented below:
+Added: order to allow manufacturers of products time to comply with the requirements, the FDA announced that it intended (originally
+Added: through November 2020) to exercise enforcement discretion for certain products that are subject to the FDA’s premarket review
+Added: under the existing regulations, but are not currently meeting these requirements.
+Added: The FDA does not intend to exercise such enforcement
+Added: discretion for those products that pose a potential significant safety concern.
+Added: Going forward, the FDA will apply a risk-based
+Added: approach to enforcement, taking into account how products are being administered as well as the diseases and conditions for which
+Added: they are being used.
+Added: This risk-based approach allows product manufacturers time to engage with the FDA, as to determine if they
+Added: need to submit a marketing authorization application and, if so, submit their application to the FDA for approval.
+Added: July 20, 2020, the FDA announced it was extending the enforcement discretion policy an additional six months through May 2021
+Added: as a result of the challenges presented by the COVID-19 pandemic.
+Added: FDA’s enforcement discretion policy for IND and premarket approval requirements does not apply to products that have been
+Added: associated with reported safety concerns or have the potential to cause significant safety concerns to patients.
+Added: The FDA has stepped
+Added: up its oversight of cellular and related products in recent years and has issued compliance actions, including numerous warning
+Added: and untitled letters, and pursued litigation for serious violations of the law, including some involving patient harm.
+Added: the FDA has not changed its basic approach to regulating HCT/Ps, the FDA intends to exercise enforcement discretion up through
+Added: May 2021 with regard to 351 HCT/Ps requiring premarket approval.
+Added: The guidance states that, in order to “give manufacturers
+Added: time to determine if they need to submit an IND or marketing application in light of this guidance,”
+Added: the FDA intends to
+Added: exercise enforcement discretion (i.e., the Agency may permit marketing without an approved marketing application) if the HCT/P
+Added: “is intended for autologous use and its use does not raise reported safety concerns or potential significant safety concerns.”
+Added: FDA has indicated it intends to focus enforcement actions on “products with higher risk,”
+Added: taking into account factors
+Added: such as non-autologous (allogeneic) use, the route of administration, the site of administration, and whether the product is intended
+Added: for homologous or non-homologous use.
+Added: For example, HCT/Ps administered via intravenous injection or infusion, aerosol inhalation,
+Added: intraocular injection, or injection or infusion into the central nervous system, will be prioritized over HCT/Ps administered
+Added: by intradermal, subcutaneous, or intra-articular injection.
+Added: Similarly, HCT/Ps intended for non-homologous use, particularly those
+Added: intended to treat serious or life-threatening conditions, “are more likely to raise significant safety concerns than HCT/Ps
+Added: intended for homologous use”.
+Added: Company believes that the new regulatory restrictions being implemented by the FDA are intended to assure that all parties involved
+Added: in the chain of gathering, processing, distributing and/or administrating RAAM related products have met the required standards
+Added: to assure that the manufacturing, marketing the administration of the RAAM regulated products are not misleading and are performed
+Added: in a safe and ethical manner and in accordance with the “objective intent”
of the manufacturer.
−Removed: New Draft Guidance Documents
−Removed: The two draft guidances provide important
−Removed: information to help spur development and access to innovative regenerative therapies.
−Removed: The first draft guidance, which builds off
−Removed: the regenerative medicine provisions in the Act, addresses how the FDA intends to simplify and streamline its application of the
−Removed: regulatory requirements for devices used in the recovery, isolation, and delivery of regenerative medicine advanced therapies,
−Removed: including combination products.
−Removed: The guidance specifies that devices intended for use with a specific RMAT may, together with the
−Removed: RMAT, be considered to comprise a combination product.
−Removed: The second draft guidance describes the
−Removed: expedited programs that may be available to sponsors of regenerative medicine therapies, including the new Regenerative Medicine
−Removed: Advanced Therapy (“RMAT”) designation created by the 21st Century Cures Act, Priority Review, and Accelerated Approval.
−Removed: In addition, the guidance describes the regenerative medicine therapies that may be eligible for RMAT designation –
−Removed: cell therapies, therapeutic tissue engineering products, human cell and tissue products, and combination products using any such
−Removed: therapies or products, as well as gene therapies that lead to a durable modification of cells or tissues (including genetically
−Removed: modified cells).
−Removed: Fraud, Abuse and False
−Removed: We are directly and indirectly subject
−Removed: to various federal and state laws governing relationships with healthcare providers and pertaining to healthcare fraud and abuse,
−Removed: including anti-kickback laws.
−Removed: In particular, the federal Anti-Kickback Statute prohibits persons from knowingly and
−Removed: willfully soliciting, offering, receiving or providing remuneration, directly or indirectly, in exchange for or to induce either
−Removed: the referral of an individual, or the furnishing, arranging for or recommending a good or service for which payment may be made
−Removed: in whole or part under federal healthcare programs, such as the Medicare and Medicaid programs.
+Added: Draft Guidance Documents
+Added: two draft guidances provide important information to help spur development and access to innovative regenerative therapies.
+Added: first draft guidance, which builds off the regenerative medicine provisions in the Act, addresses how the FDA intends to simplify
+Added: and streamline its application of the regulatory requirements for devices used in the recovery, isolation, and delivery of regenerative
+Added: medicine advanced therapies, including combination products.
+Added: The guidance specifies that devices intended for use with a specific
+Added: RMAT may, together with the RMAT, be considered to comprise a combination product.
+Added: second draft guidance describes the expedited programs that may be available to sponsors of regenerative medicine therapies, including
+Added: the new Regenerative Medicine Advanced Therapy (“RMAT”) designation created by the 21st Century Cures Act, Priority
+Added: Review, and Accelerated Approval.
+Added: In addition, the guidance describes the regenerative medicine therapies that may be eligible
+Added: for RMAT designation –
+Added: including cell therapies, therapeutic tissue engineering products, human cell and tissue products,
+Added: and combination products using any such therapies or products, as well as gene therapies that lead to a durable modification of
+Added: cells or tissues (including genetically modified cells).
+Added: Abuse and False Claims
+Added: are directly and indirectly subject to various federal and state laws governing relationships with healthcare providers and pertaining
+Added: to healthcare fraud and abuse, including anti-kickback laws.
+Added: In particular, the federal Anti-Kickback Statute prohibits
+Added: persons from knowingly and willfully soliciting, offering, receiving or providing remuneration, directly or indirectly, in exchange
+Added: for or to induce either the referral of an individual, or the furnishing, arranging for or recommending a good or service for
+Added: which payment may be made in whole or part under federal healthcare programs, such as the Medicare and Medicaid programs.
(See 42 U.S.C.
−Removed: Penalties for violations include criminal penalties and civil sanctions such as fines, imprisonment and possible exclusion
−Removed: from Medicare, Medicaid and other federal healthcare programs.
−Removed: The Anti-Kickback Statute is broad and prohibits many
−Removed: arrangements and practices that are lawful in businesses outside of the healthcare industry.
−Removed: In implementing the statute,
−Removed: the Office of Inspector General of the U.S.
−Removed: Department of Health and Human Services (“OIG”) has issued a series of
−Removed: regulations, known as the “safe harbors.”
−Removed: These safe harbors set forth provisions that, if all their applicable
−Removed: requirements are met, will assure healthcare providers and other parties that they will not be prosecuted under the Anti-Kickback
−Removed: AdvaMed has established guidelines and
−Removed: protocols for medical device manufacturers in their relationships with healthcare professionals on matters including research and
−Removed: development, product training and education, grants and charitable contributions, support of third-party educational conferences,
−Removed: and consulting arrangements.
−Removed: Adoption of the AdvaMed Code by a medical device manufacturer is voluntary, and while the
−Removed: OIG and other federal and state healthcare regulatory agencies encourage its adoption and may look to the AdvaMed Code, they do
−Removed: not view adoption of the AdvaMed Code as proof of compliance with applicable laws.
−Removed: We have incorporated the principles of
−Removed: the AdvaMed Code in our standard operating procedures, sales force training programs, and relationships with health care professionals.
−Removed: Manufacturing (Processing)
−Removed: From February 2018, when we sold our manufacturing
−Removed: assets to a third party in connection with the Sale through April 2019, we relied upon third party manufacturers and processors.
−Removed: In May 2019, we opened our new placental tissue bank processing laboratory in Miami, Florida and resumed operations of a placental
−Removed: tissue bank processing laboratory in Miami, Florida.
−Removed: During the period that we were not manufacturing
−Removed: our own products, the products we sold to our customers were delivered directly to them by the manufacturer of the products.
−Removed: that we are once again are operating a laboratory facility, we intend on becoming a registered establishment, accredited by the
−Removed: American Association of Tissue Banks (“AATB”) for the storage and distribution of tissue products that we purchase
−Removed: directly or indirectly from third party manufacturers.
−Removed: Our laboratory and distribution facilities
−Removed: are subject to periodic unannounced inspections by regulatory authorities based on the activities we may be engaged, and may undergo
−Removed: compliance inspections conducted by the FDA and corresponding state and foreign agencies based on our operations.
−Removed: seek American Association Blood Banks (“AABB”) or AATB accreditation in connection with the storage of products we
−Removed: intend to distribute.
−Removed: Placental Donation
−Removed: During the times that we operated our laboratory
−Removed: facilities, we purchased placental tissue that was used in our minimally manipulated 361 compliant process to produce allografts
−Removed: to be used in regenerative therapy specialties from several birth tissue recovery companies.
−Removed: During this time, we were able to
−Removed: procure an adequate supply of tissue to meet our anticipated demand.
−Removed: We do not expect there will be any shortages of placental
−Removed: tissue and/or birth tissue supply companies for our future processing requirements.
−Removed: Environmental Laws
−Removed: From the date of the Sale in February 2018
−Removed: through April 2019, we did not process or directly handle biomedical materials.
−Removed: Beginning in May 2019, we operated laboratory facilities
−Removed: that process or directly handled biomedical materials whereby we receive and/or generate wastes that are required to be disposed.
−Removed: We contract with third parties for the transport, treatment, and disposal of the waste that we obtain and at all times plan on
−Removed: being compliant with applicable laws and regulations promulgated by the Resource Conservation and Recovery Act, the U.S.
+Added: Penalties for violations include criminal penalties and civil sanctions such as fines,
+Added: imprisonment and possible exclusion from Medicare, Medicaid and other federal healthcare programs.
+Added: The Anti-Kickback
+Added: Statute is broad and prohibits many arrangements and practices that are lawful in businesses outside of the healthcare industry.
+Added: implementing the statute, the Office of Inspector General of the U.S.
+Added: Department of Health and Human Services (“OIG”)
+Added: has issued a series of regulations, known as the “safe harbors.”
+Added: These safe harbors set forth provisions
+Added: that, if all their applicable requirements are met, will assure healthcare providers and other parties that they will not be prosecuted
+Added: under the Anti-Kickback Statute.
+Added: has established guidelines and protocols for medical device manufacturers in their relationships with healthcare professionals
+Added: on matters including research and development, product training and education, grants and charitable contributions, support of
+Added: third-party educational conferences, and consulting arrangements.
+Added: Adoption of the AdvaMed Code by a medical device
+Added: manufacturer is voluntary, and while the OIG and other federal and state healthcare regulatory agencies encourage its adoption
+Added: and may look to the AdvaMed Code, they do not view adoption of the AdvaMed Code as proof of compliance with applicable laws.
+Added: We have incorporated the principles of the AdvaMed Code in our standard operating procedures, sales force training programs, and
+Added: relationships with health care professionals.
+Added: Manufacturing
+Added: February 2018, when we sold our manufacturing assets to a third party in connection with the Sale through April 2019, we relied
+Added: upon third party manufacturers and processors.
+Added: In May 2019, we opened our new placental tissue bank processing laboratory in Miami,
+Added: Florida and resumed operations of a placental tissue bank processing laboratory in Miami, Florida.
+Added: the period that we were not manufacturing our own products, the products we sold to our customers were delivered directly to them
+Added: by the manufacturer of the products.
+Added: Now that we are once again are operating a laboratory facility, we intend on becoming a registered
+Added: establishment, accredited by the American Association of Tissue Banks (“AATB”) for the storage and distribution of
+Added: tissue products that we purchase directly or indirectly from third party manufacturers.
+Added: laboratory and distribution facilities are subject to periodic unannounced inspections by regulatory authorities based on the
+Added: activities we may be engaged, and may undergo compliance inspections conducted by the FDA and corresponding state and foreign
+Added: agencies based on our operations.
+Added: We intend to seek American Association Blood Banks (“AABB”) or AATB accreditation
+Added: in connection with the storage of products we intend to distribute.
Environmental
−Removed: Protection Agency and similar state agencies.
−Removed: During the period from the Sale through
−Removed: May 2019, we sold products that were purchased from third party manufacturers.
−Removed: All of our shipments prior to December 2018, were
−Removed: delivered directly from the product manufacturers to our customers and accordingly we did not take possession of any product at
−Removed: At October 31, 2019, we had six full-time
−Removed: employees and no part-time employees.
−Removed: We also engaged two other persons as consultants that assisted with various administrative
−Removed: From time to time, the Company engages independent contractors for sales and administration activities.
−Removed: collective bargaining agreements.
−Removed: Corporate History and Change in
−Removed: The Company was incorporated in the state
−Removed: of Nevada on August 9, 2011 as Bespoke Tricycles Inc.
−Removed: for the purpose of designing, manufacturing, and selling vending tricycles
−Removed: for commercial customers.
−Removed: On June 24, 2015, Albert Mitrani, our Chairman, Chief Executive Officer and President, purchased an aggregate
−Removed: of 135,000,000 shares of common stock of Bespoke Tricycles, Inc.
−Removed: from John Goodhew, representing approximately 87.8% of the then
−Removed: issued and outstanding shares of the Company on a fully-diluted basis and constituting a change in control of the Company.
−Removed: transaction was in accordance with the terms and provisions of the stock purchase agreement, dated May 29, 2015 (“Mitrani
−Removed: Purchase Agreement”), by and among the Company, Mr.
−Removed: Mitrani and Mr.
−Removed: The purchase price of $40,000 for the shares
−Removed: was paid by Mr.
−Removed: Mitrani to Mr.
−Removed: Goodhew on June 24, 2016.
−Removed: In connection with the execution and delivery of the Mitrani Purchase
−Removed: Agreement, as of May 29, 2015, Mr.
−Removed: Goodhew resigned as the sole officer of the Company and appointed Albert Mitrani to the Board
−Removed: of Directors and as the sole officer of the Company.
−Removed: Goodhew remained on the Board of Directors of the Company.
−Removed: On August 6, 2015, Mr.
−Removed: Mitrani returned
−Removed: 60,120,000 shares of common stock of the Company to the Company for cancellation.
−Removed: As a result, Mr.
−Removed: Mitrani’s ownership was
−Removed: 74,880,000 shares of common stock of the Company, representing approximately 80% of the 93,600,000 shares of common stock issued
−Removed: and outstanding on such date.
−Removed: On September 1, 2015, the Company filed
−Removed: a Certificate of Amendment with the Secretary of State of Nevada therein changing its name to Biotech Products Services and Research,
−Removed: and increasing the amount of authorized common stock from 90 million (90,000,000) shares to 250 million (250,000,000) shares.
−Removed: The amount authorized “blank check”
−Removed: preferred stock remained 10 million (10,000,000) and the par value of the common
−Removed: stock and preferred stock remained $0.001 per share.
−Removed: On September 17, 2015, the Company completed
−Removed: an eighteen-for-one (18:1) forward split of the Company’s issued and outstanding common stock.
−Removed: Unless otherwise noted, the
−Removed: disclosure in this Annual Report on Form 10-K, including the consolidated audited financial statements contained herein, reflect
−Removed: a retroactive adjustment for the forward stock split.
−Removed: The forward stock split had no effect on the authorized capital stock of
−Removed: On November 1, 2016, the Company filed
−Removed: a Certificate of Designation with the Secretary of State of Nevada therein designating out of the 10,000,000 authorized shares
−Removed: of Preferred Stock, a class of Preferred Stock as “Series A Non-Convertible Preferred Stock”
−Removed: consisting of 100 shares
−Removed: (the “Series A Certificate of Designation “).
−Removed: On March 2, 2017, the Company filed with the Secretary of State of Nevada
−Removed: an amendment to increase the number of shares provided for in the Series A Certificate of Designation from 100 shares to 400 shares.
−Removed: Generally, the outstanding shares of Series A Non-Convertible Preferred Stock shall vote together with the shares of common stock
−Removed: and other voting securities of the Company as a single class and, regardless of the number of shares of Series A Non-Convertible
−Removed: Preferred Stock outstanding, and as long as at least one share of Series A Non-Convertible Preferred Stock is outstanding, such
−Removed: shares shall represent eighty percent (80%) of all votes entitled to be voted at any annual or special meeting of stockholders
−Removed: of the Company or action by written consent of stockholders.
−Removed: Each outstanding share of the Series A Non-Convertible Preferred Stock
−Removed: shall represent its proportionate share of the 80% which is allocated to the outstanding shares of Series A Non-Convertible Preferred
−Removed: On November 1, 2016, the Company filed
−Removed: a Certificate of Designation with the Secretary of State of Nevada therein designating out of the 10,000,000 authorized shares
−Removed: of Preferred Stock, a class of Preferred Stock as “Series B Convertible Preferred Stock”
−Removed: consisting of 1,000,000 shares
−Removed: (“Series B Certificate of Designation”).
−Removed: Each holder of Series B Preferred Stock shall have the right, at such holder’s
−Removed: option, at any time or from time to time from and after the day immediately following the date the Series B Preferred Stock is
−Removed: first issued, to convert each share of Series B Preferred Stock into 20 fully-paid and non-assessable shares of common stock.
−Removed: On June 6, 2017, pursuant to the Nevada
−Removed: Revised Statutes and the Bylaws of the Company, the Board of Directors of the Company and the stockholders holding the Company’s
−Removed: outstanding Series A Preferred Stock, having the voting equivalency of 80% of the outstanding capital stock, approved the filing
−Removed: of an amendment to the Articles of Incorporation of the Company to increase the authorized amount of common stock from 250,000,000
−Removed: to 750,000,000, without changing the par value of the common stock or authorized number and par value of “blank check”
−Removed: Preferred Stock.
−Removed: On June 19, 2017, the Company filed a Definitive 14C with the SEC regarding the corporate action.
−Removed: 2017, the Company filed a Certificate of Amendment to the Company’s Articles of Incorporation with the Secretary of State
−Removed: of Nevada to effectuate the corporate action on July 10, 2017.
−Removed: On April 23, 2018, in connection with the
−Removed: Reorganization, the Company issued MBA an aggregate of 222,425,073 shares of common stock of the Company, representing at the time
−Removed: a 51% fully diluted equity interest in the Company at a price of $0.001 per share (an aggregate value of $222,425).
−Removed: The foregoing
−Removed: issuance resulted in a change in control of the Company.
−Removed: On May 8, 2018, the Company received the
−Removed: written consent of the Board of Directors of the Company (“Board”) and, on May 9, 2018, the written consent of the
−Removed: shareholders holding a majority in interest of the voting power of the Company (86.9%) adopting resolutions which authorized the
−Removed: Company to amend its Articles of Incorporation to change the name of the Company from "Biotech Products Services and Research,
−Removed: to “Organicell Regenerative Medicine, Inc.”
−Removed: The Company filed a Certificate of Amendment with the Nevada
−Removed: Secretary of State and, effective June 20, 2018, the Company’s name has been changed to Organicell Regenerative Medicine,
−Removed: On May 8, 2018, the Board adopted resolutions
−Removed: to (i) amend its Articles of Incorporation to reduce the number of authorized shares of common stock from 750,000,000 to 250,000,000
−Removed: and (ii) reverse split the issued and outstanding shares of the Company’s common stock on a ratio of seventeen (17) current
−Removed: shares for one (1) share of new shares.
−Removed: On May 9, 2018, shareholders holding a majority in interest of the voting power of the
−Removed: Company (86.9%) approved the amendment and the reverse stock split.
−Removed: On June 1, 2018, the Company filed a Company-Related
−Removed: Action Notification with FINRA (“Notification Form”) to provide notice of certain proposed actions by the Company,
−Removed: including the amendment and reverse stock split.
−Removed: However, due to the Company’s failing to have the required Exchange Act
−Removed: reports filed with the SEC at the time of the filing, FINRA did not announce or effectuate the Name Change or Reverse Split in
−Removed: the marketplace.
−Removed: On June 18, 2018, the Company filed a Certificate of Correction with the Secretary of State of Nevada to reverse
−Removed: the amendments related to the Reverse Split.
−Removed: If the Company intends in the future to proceed with the Name Change and/or Reverse
−Removed: Split with FINRA, the Company will be required to submit a new Issuer Company-Related Notification Form for approval upon the Company
−Removed: becoming current in its Exchange Act filings.
−Removed: Should the Company proceed with the Reverse Split, then at such time as FINRA processes
−Removed: the announcement, the Company would then effect the reverse split of its common stock and amend its Articles to reduce its authorized
−Removed: common stock.
−Removed: On June 6, 2018, the Company approved resolutions
−Removed: to cancel and terminate the Series A Preferred Stock designation and filed a certificate of withdrawal with the State of Nevada
−Removed: on June 14, 2018 thereby withdrawing and terminating the designation of the Series A Preferred Stock.
−Removed: As a result of the aforementioned
−Removed: actions, as of June 14, 2018, there were no shares of Series A Preferred Stock authorized or outstanding.
−Removed: On June 6, 2018, the Company approved resolutions
−Removed: to cancel and terminate the Series B Preferred Stock designations and filed a certificate of withdrawal with the State of Nevada
−Removed: on June 14, 2018 thereby withdrawing and terminating the designation of the Series B Preferred Stock.
−Removed: As a result of the aforementioned
−Removed: actions, as of June 14, 2018, there were no shares of Series B Preferred Stock authorized or outstanding.
−Removed: On May 18, 2020 and May 19, 2020, pursuant
−Removed: to the Nevada Revised Statutes and the Bylaws of the Company, the Board of Directors of the Company and the stockholders having
−Removed: the voting equivalency of 50.30% of the outstanding capital stock, respectively, approved the filing of an amendment to the Articles
−Removed: of Incorporation of the Company to increase the authorized amount of common stock from 750,000,000 to 1,500,000,000, without changing
−Removed: the par value of the common stock or authorized number and par value of “blank check”
−Removed: Preferred Stock.
−Removed: On June 2, 2020,
−Removed: the Company filed a Definitive 14C with the SEC regarding the corporate action.
−Removed: On June 24, 2020, the Company filed a Certificate
−Removed: of Amendment to the Company’s Articles of Incorporation with the Secretary of State of Nevada to effectuate the corporate
−Removed: action on June 24, 2020.
+Added: the date of the Sale in February 2018 through April 2019, we did not process or directly handle biomedical materials.
+Added: in May 2019, we operated laboratory facilities that process or directly handled biomedical materials whereby we receive and/or
+Added: generate wastes that are required to be disposed.
+Added: We contract with third parties for the transport, treatment, and disposal of
+Added: the waste that we obtain and at all times plan on being compliant with applicable laws and regulations promulgated by the Resource
+Added: Conservation and Recovery Act, the U.S.
+Added: Environmental Protection Agency and similar state agencies.
+Added: the period from the Sale through May 2019, we sold products that were purchased from third party manufacturers.
+Added: All of our shipments
+Added: prior to December 2018, were delivered directly from the product manufacturers to our customers and accordingly we did not take
+Added: possession of any product at any time.
+Added: October 31, 2020, we had approximately 18 full-time employees and no part-time employees.
+Added: We also engaged two other persons as
+Added: consultants that assisted with various administrative activities.
+Added: From time to time, the Company engages independent contractors
+Added: for sales and administration activities.
+Added: There are no collective bargaining agreements.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.