Novelstem International Corp (PK:NSTM)
Business Focus: Bio Therapeutic Drugs
| Sector: Healthcare | Industry: Biotechnology & Medical Research |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 2255 Glades Rd, Ste 237 W BOCA RATON FL 33431 |
| Tel: | 1-967-9872082 |
| Website: | https://www.novelstem.com |
| IR: | See website |
| Key People | ||
| Jan H. Loeb Executive Chairman of the Board, Chief Executive Officer, President | Christine Jenkins Chief Financial Officer, Vice President, Secretary | |
| Business Overview |
| NovelStem International Corp. is a development-stage biotechnology holding company focused on stem cell-based technology. The Company's primary assets are NewStem Ltd (NewStem) and NetCo Partners (NetCo). NewStem focuses on the development and commercialization of diagnostic technology that can predict patients' anti-cancer drug resistance, allowing for targeted cancer treatments and the potential to reduce resistance to chemotherapy. NewStem is principally focused on utilizing proprietary human Pluripotent Stem Cells (hPSCs) and Haploid human Pluripotent Stem Cells (HhPSCs) in the development of diagnostic and therapeutic products in oncology. Its NewStem Software Diagnostic Device (NSDD) is a bioinformatics-based software medical device platform that provides oncologists with information regarding the presence of mutations in tumors, which may confer patient resistance to certain anti-cancer drugs. NetCo is a media business interest which owns Net Force, a book publishing franchise. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Novelstem International Corp revenues remained flat at $12K. Net loss increased from $766K to $4.2M. Revenues reflect market conditions. Higher net loss reflects contract expenses increase from $310K (income) to $2.9M (expense), Gain on dilution of equity method invest decrease of 91% to $36K (earnings). |
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