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News on Follica (Hair Multiplication & Stem Cells Treatment)

posted by roger_that, MARYLAND, 02.06.2016, 20:46
(edited by roger_that on 02.06.2016, 21:19)

Why are we still rehashing misunderstandings here that have been discussed and clarified before a hundred times?

It was NOT Cotsarelis who launched Follica. He transferred part of his interest in the "discovery" elaborated in his wounding paper to Follica, which was launched by Daphne Zohar as part of PureTech Ventures. Follica was an entity quickly set up as a vehicle for his "wounding" concept, but it is not his company.

Dr. Cotsarelis is (or was) a shareholder, and I believe a member of their medical advisory board, but he didn't launch the company and does not run it. (Although, to be sure, the company sometimes does press releases and other announcements which vaguely suggest and imply that it is somehow "his" company, by somehow associating him with the day-to-day operations of the company. I believe that when they do that, it is purely for public relations reasons.)

I'm sure he made some money up-front, on the initial transaction with Follica, as well as still potentially standing to make more money if the continuing research ever does lead to a marketable treatment -- but that is VERY far from sure. To be honest, I don't think that Dr. Cotsarelis believes that Follica will come up with anything marketable at this point. Basically, he's already made something on the initial deal 10+ years ago, so at this point, he probably doesn't really have any more "skin in the game". He'd be a fool to sit around waiting for them. I'd guess he has absolutely nothing to lose if they fail (if shares worth 0 now are worth 0 in five years or when the company folds, he's not really out anything), and as we know he's busy researching a VERY long list of other hair regrowth ideas.

And yes, it is about some 1/10,000 freak event -- or even less common than that, maybe 1/100,000 or something like that. The whole scientific model of Follica is NOT to commercialize some procedure which simply dermabrades or wounds the scalp. If it were that alone, they would never get anywhere. The whole model is based on finding some putative compound that COMBINED with wounding, would yield a lot of hair. Got that?

And still, to this day, after more than 10 years from Follica's founding, there is still no public evidence they've found that compound. The one public trial of wounding in conjunction with some compound (in Germany) reportedly "failed".

Bottom line -- if "wounding" really could grow thousands of terminal hairs on a bald scalp -- alone or combined with some exogenous compound -- we'd all know it by now.

roger_that is located in MARYLAND and he is available to meet: YES
email to arrange a meeting.

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