RK's questions to CollPlant Biotechnologies (CLGN) leadership • Q4 2024
Question
The analyst inquired about the timeline for updates and potential milestone payments from the AbbVie collaboration, as well as the market potential and expected revenue flow from the expanded distribution of the Vergenix product.
Answer
The company stated that the timeline for the AbbVie program is determined by AbbVie, and they cannot estimate future milestone payments. Regarding Vergenix, the product targets the tendinopathy market, and the company is establishing distribution networks in Europe and Asia, hoping to see sales in the next year after securing regulatory approvals.