Industry: Health Care – Biotechnology: Pharmaceutical Preparations
Stock Symbol: MSLE – NASDAQ
Animal Usage: Animal Testing
Satellos Bioscience Inc. is on the Cruelty Free Investing use of animals list because they conduct pre-clinical studies of their drugs on animals to assess a product’s safety profile.
Supporting Evidence:
The company stated in the following press release that they use animals for drug testing.
“As Satellos’ first results in a large animal study, we are pleased that these findings continue to validate the improvement in muscle repair and regeneration that we have consistently seen in the mdx mouse model.” Read the following article
Satellos Bioscience Inc., a clinical-stage drug development company, focuses on restoring natural muscle repair and regeneration in degenerative muscle diseases in Canada, the United States, and Australia. The company has a license agreement the with Ottawa Hospital Research Institute (OHRI); and an option agreement with the University of British Columbia. Satellos Bioscience Inc. was founded in 2018 and is headquartered in Toronto, Canada.
Company Website: https://www.satellos.com