RE: University of Manchester16 Sep 2020 21:44
We finally got our RNS at 4PM although it's not showing on LSE just yet.
16 September 2020
FastForward Innovations Ltd ("FastForward" or, "FFWD")
Investee Company Update: Juvenescence Limited
FastForward Innovations Ltd, the AIM quoted company focusing on making investments in fast growing and industry leading businesses, is pleased to note the following announcement released yesterday concerning investee company Juvenescence Limited ('Juvenescence'). FastForward has a circa 0.63% interest in the issued stock of Juvenescence.
The announcement is set out below without material changes or adjustments.
Juvenescence Announces Licensing Agreement with Evgen Pharma plc
DOUGLAS, Isle of Man--(BUSINESS WIRE)--Juvenescence Limited ("Juvenescence"), a life sciences company focused on modifying aging and increasing human healthspan, announced today a partnership with Evgen Pharma plc to license its sulforaphane stabilization technology for use in several non-pharmaceutical applications led by its JuvLife division. JuvLife will deploy Evgen's Sulforadex® stabilization technology to create and manufacture a nutritional health supplement containing a defined and stable dose of sulforaphane, derived from natural sources.
Juvenescence is based on a new understanding of the underlying biological causes of aging, creating evidence-based and science-backed therapies. It is focused on increasing how long people live in health by preventing the diseases of aging in the first place. JuvLife, one of several divisions within Juvenescence, is committed to be the trusted source of scientifically proven, branded health supplements and medical foods that help increase human healthspan and overall quality of life. The Juvenescence team includes highly experienced drug developers, entrepreneurs, marketers, and investors with a significant history of success in the pharmaceutical and consumer health sectors.
Colin Watts, Chief Executive Officer of JuvLife, said: "We are pleased to reach an agreement with Evgen to leverage their scientific technology and expertise to create a differentiated and innovative new product for the global consumer nutritional health market. Sulforaphane is a well-studied natural metabolite derived from cruciferous vegetables that has been shown to activate NRF2 and act as a powerful inducer of the native antioxidant response, helping the body scavenge toxic metabolites and reducing markers of inflammation. In this agreement, we are licensing Evgen's proprietary technology for the natural extraction and stabilisation of sulforaphane in a potent and cost-advantaged form that we believe is superior to all other sources currently commercially available