- CEO
- David I. Scheer
- Full Time Employees
- 25
- Sector
- Healthcare
- Industry
- Biotechnology
- Address
- 3929 Westpoint Boulevard Winston-Salem United States of America
- IPO Date
- Nov 23, 2022
- Business
- Tengion, Inc. was a pioneering entity in the regenerative medicine sector, dedicated to the discovery, development, production, and commercialization of advanced neo-organs and cellular products. The company's innovative approach involved utilizing living cells, sometimes combined with synthetic or natural materials, for implantation or injection into the body. The goal of these therapies was to foster engraftment, regeneration, or replacement of damaged tissues or organs. Among its key initiatives was the Neo-Kidney Augment, an experimental treatment designed to improve renal function in individuals with advanced chronic kidney disease, aiming to defer or eliminate the need for dialysis. Another significant candidate, the Neo-Urinary Conduit, which had reached Phase I clinical trials, sought to offer an alternative to traditional bowel tissue reconstruction for bladder cancer patients requiring a urinary diversion after bladder removal. The company also held a licensing arrangement with Children's Medical Center Corporation (CMCC) for specific patent and intellectual property rights concerning tissue engineering advancements. Established in 2003, Tengion, Inc. was based in Winston-Salem, North Carolina, and ultimately ceased operations, filing for voluntary Chapter 7 liquidation on December 29, 2014, in the U.S. Bankruptcy Court for the District of Delaware.