RHEACELL
A late-stage cell therapy company focused on severe inflammation-driven diseases
RHEACELL is developing cell therapies based on its proprietary ABCB5+ platform to deliver highly differentiated, allogeneic (off-the-shelf) mesenchymal stromal cell therapies to patients with significant inflammation driven diseases.
RHEACELL's lead program, allo-APZ2-OTS, is a first-in-class intravenous ABCB5+ MSC therapy in late-stage clinical development for Epidermolysis bullosa, a group of rare, inherited disorders characterized by mechanical fragility of the skin and mucosal tissues.
RHEACELL has in-house GMP manufacturing and robust CMC capabilities spanning late-stage clinical development and commercial-scale readiness.
Investment Highlights
A focused late-stage investment case
01
Proprietary ABCB5+ Platform
A differentiated allogeneic MSC platform with immunomodulatory and anti-inflammatory properties.
02
High Unmet Medical Need
Focused on severe inflammation-driven diseases where effective systemic treatment options remain limited.
03
Integrated GMP Manufacturing
In-house GMP production supporting clinical development and commercial readiness.
04
Global Intellectual Property Position
Broad intellectual property protection around the ABCB5+ platform and its therapeutic applications.
05
U.S. & European Development Strategy
RMAT and ODD designations and clinical development activities spanning the U.S. and Europe.
06
Late-Stage Lead Program
Phase III development completed in Epidermolysis bullosa, with BLA preparation underway.
Lead Clinical Program
allo-APZ2-OTS - A systemic approach to Epidermolysis Bullosa (EB)
Proprietary ABCB5+ Platform
A differentiated allogeneic MSC platform with immunomodulatory and anti-inflammatory properties.
High Unmet Medical Need
Focused on severe inflammation-driven diseases where effective systemic treatment options remain limited.
Integrated GMP Manufacturing
In-house GMP production supporting clinical development and commercial readiness.
Global Intellectual Property Position
Broad intellectual property protection around the ABCB5+ platform and its therapeutic applications.
U.S. & European Development Strategy
RMAT and ODD designations and clinical development activities spanning the U.S. and Europe.
Late-Stage Lead Program
Phase III development completed in Epidermolysis bullosa, with BLA preparation underway.
allo-APZ2-OTS is RHEACELL’s lead clinical development program for Epidermolysis bullosa (EB), a group of rare, inherited disorders characterized by mechanical fragility of the skin and mucosal tissues, resulting in blistering, erosions, and impaired wound healing following minimal trauma. In addition to underlying genetic defects affecting dermal–epidermal adhesion, chronic inflammation plays a central role in EB disease progression and contributes significantly to clinical severity.
allo-APZ2-OTS consists of a homogeneous population of allogeneic ABCB5+ mesenchymal stromal cells and is administered intravenously, designed to address both local and systemic inflammatory processes associated with EB.
Lead indication at a glance
The Disease Opportunity
EB is more than a skin disease
Epidermolysis bullosa is a group of rare, debilitating multisystem disorders characterized by chronic wounds, impaired healing and systemic inflammatory complications.
| CHRONIC & RECURRENT WOUNDS Persistent wounds, pain, scarring and impaired healing. |
| SYSTEMIC DISEASE BURDEN Severe EB can affect multiple organ systems and is associated with substantial morbidity and mortality. |
| HIGH UNMET NEED Current treatment approaches predominantly address individual wounds, highlighting the need for a systemic therapeutic approach. |
CHRONIC & RECURRENT WOUNDS
Persistent wounds, pain, scarring and impaired healing.
SYSTEMIC DISEASE BURDEN
Severe EB can affect multiple organ systems and is associated with substantial morbidity and mortality.
HIGH UNMET NEED
Current treatment approaches predominantly address individual wounds, highlighting the need for a systemic therapeutic approach.
CHRONIC & RECURRENT WOUNDS
Persistent wounds, pain, scarring and impaired healing.
SYSTEMIC DISEASE BURDEN
Severe EB can affect multiple organ systems and is associated with substantial morbidity and mortality.
HIGH UNMET NEED
Current treatment approaches predominantly address individual wounds, highlighting the need for a systemic therapeutic approach.
Our Approach
Targeting inflammation systemically
ABCB5+ MSCs are intended to restore immune homeostasis and support wound healing through secretion of IL-1RA. This differentiated approach has been shown to:
- Reduce chronic inflammation
- Modulate the wound microenvironment
- Support tissue repair and wound closure
PHASE III Clinical Program
A global Phase III program in EB
A global, randomized, double-blind, placebo-controlled study including recessive dystrophic EB and junctional EB in pediatric and adult patients.

Overview of our EB Phase III Clinical Trials:
- 85 RDEB and 10 JEB patients enrolled across 17 trial sites in 12 countries spanning Europe, North America, Latin America and Asia
- 880 investigational product administrations completed
- More than 1,100 patient visits conducted, including ongoing safety follow-up visits
Key Facts:
- Global, multicenter study
- Randomized and placebo-controlled
- Includes patients with RDEB and JEB
- Pediatric and adult patients
- Phase III study completed
Safety Profile To Date:
- Total of 211 doses
- No treatment-related SAEs
- Includes RDEB and JEB
- Safety data collected beyond the 6-month double-blinded period (ongoing) continues showing a favorable safety profile
From Development to Comercial Readiness
Built beyond clinical development
RHEACELL has built an integrated manufacturing platform designed to support the development and potential commercialization of ABCB5+ cell therapies.
| In-house GMP Manufacturing GMP cleanroom manufacturing capabilities in Heidelberg, Germany. |
Validated Product & Processes Established manufacturing and quality processes supporting late-stage development. |
| Regulatory & Inspection Readiness Quality systems and manufacturing infrastructure supporting regulatory requirements. |
Scalable Supply Manufacturing capabilities designed to support clinical and potential commercial supply. |
Intellectual Property
A strong intellectual property position
RHEACELL has established a broad intellectual property position around its proprietary ABCB5+ cell platform and therapeutic applications.
Exclusive global rights
Exclusive rights related to the ABCB5+ platform licensed from Boston Children's Hospital and Brigham Women's Hospital.
Broad patent portfolio
Protection covering the platform, compositions of ABCB5+ cells, antibodies, methods of manufacture and treatment.
Long-term protection
Patent coverage supporting the long-term development of the platform and lead program.
Upcoming Milestones
Advancing toward the next stage
Building on the successful competition of our Phase III program, we are advancing allo-APZ2-OTS toward regulatory submission and beyond.
Leadership
Leadership for the next stage of RHEACELL
Dr. Christoph Ganss
Chief Executive Officer
Founder / Vision / Corporate Strategy
Dr. Jasmina Esterlechner
Chief Operating Officer
Operations / GMP Manufacturing / Regulatory & Inspection Readiness
Dr. Cristina Daniele
Director Clinical Development
Late-stage Clinical Development / Phase III Program
Dr. Nabil Uddin
Chief Business Officer
US Strategy / Business & Investor Perspective
Meet the team behind RHEACELL
Dr. Christoph Ganss
Chief Executive Officer
Founder / Vision / Corporate Strategy
Dr. Jasmina Esterlechner
Chief Operating Officer
Operations / GMP Manufacturing / Regulatory & Inspection Readiness
Dr. Cristina Daniele
Director Clinical Development
Late-stage Clinical Development / Phase III Program
Dr. Nabil Uddin
Chief Business Officer
US Strategy / Business & Investor Perspective
Our broader team brings together the scientific, clinical, regulatory, manufacturing and business expertise needed to advance our programs through late-stage development and beyond.
Investor Contact / Footer
Investor Relations
For investor and corporate inquiries, please contact:
Kin Ying Chan
Director Business Development
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