CollPlant, a regenerative medicine company utilizing its proprietary plant-based rhCollagen (recombinant human collagen) technology for tissue repair products, announced that it has achieved a significant milestone with the receipt of the CE Mark for VergenixSTR, a soft tissue repair matrix for the treatment of tendinopathy. Sales in Europe are expected to commence in the coming months.

Yehiel Tal, chief executive officer of CollPlant, "The CE Mark for VergenixSTR denotes an additional and key milestone achieved by CollPlant. In the past few months, we have shown that treatment with our product provides for substantially superior results when compared to published steroid treatment results, the current standard of care for tendinopathy. We are presently in dialogue with potential distributers for product marketing in Europe and expect initial sales within the coming months. Of note, this is the second CE Mark the company received this year, with the first granted at the beginning of the year, to its VergenixFG product, indicated for the treatment of chronic and surgical wounds. These accomplishments advance the company's strategic plan to position plant-bad human collagen technology, and its medical byproducts, as the gold standard in regenerative medicine."

VergenixSTR primarily made of cross linked rhCollagen intended to be combined with platelet-rich plasma (PRP), a concentrated blood plasma derived from the patient's own blood, that contains high levels of platelets, which are critical to the healing process. Platelets contain growth factors are responsible for stimulating tissue generation and repair, including soft tissue repair, bone regeneration, development of new blood vessels, and stimulation of the healing process. Upon administration, CollPlant's VergenixSTR serves as a scaffold to support cell adhesion and proliferation involved in the tendon healing while maintaining growth factor containing PRP in the vicinity of the injury. After injection into the affected area, the product forms a viscous gel matrix, holding the platelet concentrate in place. The matrix formed then has the ability to release growth factors in a controlled manner and with controlled biodegradation time, thereby enabling tissue repair.