Lineage Partners with William Demant Invest to Advance ReSonance™ (ANP1) for Hearing Loss Research
Collaboration Announcement: Lineage Cell Therapeutics has partnered with William Demant Invest to advance the preclinical development of its auditory neuronal cell transplant, ReSonance (ANP1), aimed at treating hearing loss.
Funding Details: William Demant Invest will contribute up to $12 million for research collaboration costs, which will support various preclinical activities including cell manufacturing and regulatory strategy.
Significance of Hearing Loss: The World Health Organization predicts that nearly 2.5 billion people will experience some degree of hearing loss by 2025, highlighting the urgent need for effective treatments like cell-based therapy.
Company Backgrounds: Lineage Cell Therapeutics focuses on developing novel cell therapies for unmet medical needs, while William Demant Invest is an evergreen investor linked to a leading hearing healthcare company, emphasizing their commitment to advancing hearing health solutions.
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