05:12:00 EDT Tue 01 Jul 2025
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Hemostemix Inc (2)
Symbol HEM
Shares Issued 146,947,176
Close 2025-06-27 C$ 0.135
Market Cap C$ 19,837,869
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Hemostemix appoints Lawrence commercialization officer

2025-06-27 17:43 ET - News Release

Mr. Thomas Smeenk reports

CROOM LAWRENCE JOINS HEMOSTEMIX WITH REVENUE SHARE AGREEMENT AND VESCELL.HEALTH LAUNCH

Croom Lawrence has joined Hemostemix Inc. as its chief commercialization officer and has partnered to offer MCI Screen through Hemostemix.

MCI Screen is a Food and Drug Administration-approved and insurer-reimbursed advanced cognitive test for vascular dementia. Clinically, ACP-01 has been observed to reverse vascular dementia for more than 10 years in one patient (Mrs L.).

About Croom Lawrence

Mr. Lawrence is a seasoned biopharmaceutical executive with over 25 years of experience driving commercialization strategies across regenerative medicine, cell therapy, advanced biologics and diagnostics. He has launched multiple breakthrough therapies, built and led high performing global marketing and sales teams, and secured strategic partnerships with top-tier pharma and health care providers. His deep understanding of market access, reimbursement and regulatory navigation positions him as a key asset to Hemostemix. By leveraging Mr. Croom's expertise, Hemostemix can accelerate the global adoption of ACP-01, expand its clinical and commercial footprint, and build sustainable revenue channels that align with the company's mission to restore health and save lives.

"I am very pleased to welcome Croom Lawrence as our chief commercialization officer. Croom brings a rare blend of strategic insight and executional excellence, honed through decades of leadership in biotech commercialization. His track record in building global markets, negotiating complex partnerships and accelerating the path from bench to bedside is unmatched. With Croom leading our commercialization efforts, Hemostemix is poised to unlock the full value of ACP-01 and transform patient care worldwide. The revenue share agreement with MCI Screen generates immediate significant revenue synergies," said Thomas Smeenk, president, chief executive officer and co-founder of the company.

Revenue sharing

Hemostemix and Acurist.AI (Mr. Lawrence) have agreed to share revenue from each cognitive assessment such that 57 per cent of revenue is allocated to Acurist.AI and 43 per cent of revenue is allocated to Hemostemix from each patient examination, globally, assessed for an ACP-01 treatment.

Acurist.AI adds to Hemostemix's ability to screen for vascular dementia

Powered by a normative database of two million data points, Acurist.AI's advanced cognitive test is 97.3 per cent accurate in detecting memory and cognitive impairments. Physicians who assess patients according to Hemostemix's inclusion and exclusion criteria will use the memory performance index scores and other diagnostics to determine if they meet the phase 1 vascular dementia inclusion criteria.

A new path forward for patients and families

"This is a highly accurate assessment that is completed in a 10- to 12-minutes video call," stated Mr. Smeenk. "This partnership brings together Hemostemix's regenerative medicine with Acurist.AI's insurer-reimbursed, cutting-edge diagnostics. It provides the physicians assessing patients for vascular dementia, including assessments for the phase 1 trial, with a highly accurate early detection of cognitive impairment. With additional assessment, physicians will understand if the impairment is vascular dementia and treatable with ACP-01."

Mr. Lawrence, co-founder of Acurist.AI, added: "Our goal is to change lives through upfront precision cognitive testing, followed by targeted treatment. This combination holds the promise to significantly reduce the massive cost of long-term memory care as we scale."

Hemostemix's original trademark for ACP-01 was VesCell. In a word, VesCelldescribes angiogensis as the formation of new neocirculation.

About Hemostemix Inc.

Hemostemix is an autologous stem cell therapy platform company, founded in 2003. A winner of the World Economic Forum technology pioneer award, the company has developed, has patented, and is scaling and selling autologous (patient's own) blood-based stem cell therapy, ACP-01. Hemostemix has completed seven clinical studies of 318 subjects and published its results in nine peer-reviewed publications. ACP-01 is safe, clinically relevant and statistically significant as a treatment for peripheral arterial disease, chronic limb threatening ischemia, non-ischemic dilated cardiomyopathy, ischemic cardiomyopathy, congestive heart failure and angina. Hemostemix completed its phase 2 clinical trial for chronic limb threatening ischemia and published its results in the Journal of Biomedical Research & Environmental Science. As compared with a five-year mortality rate of 60 per cent in the CLTI patient population, UBC and University of Toronto reported to the 41st meeting of vascular surgeons: 0 per cent mortality, cessation of pain and wound healing in 83 per cent of patients followed for up to 4.5 years as a midpoint result.

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