Carmell Corp. Rebrands, Announces Growth Initiatives And Management Changes

(RTTNews) - Carmell Corporation (CTCX) Monday announced that it has rebranded as Longevity Health Holdings, Inc., reflecting its focus on longevity and healthy aging.

Starting March 10, the company's common stock and warrants will trade under the new symbols XAGE and XAGEW. The rebranding includes a new corporate logo, while product branding remains unchanged.

The recent acquisition of Elevai Skincare in January 2025 contributed to a 34 percent sales increase in the first two months of the year compared to 2024. Despite investments in expanding the salesforce and retaining manufacturing staff, Elevai's burn rate decreased by over 50 percent through cost-saving measures.

For fiscal year 2025, the company projects revenue between $3 million and $4 million from its current product pipeline. New product launches expected in the second quarter of 2025 include a hair growth serum, soap less facial cleanser, undereye crème, and VSA toning moisturizer.

The company also appointed Patrick Sturgeon as Vice Chairman. Sturgeon, a founding team member since its 2021 IPO, previously served as CFO from 2021 to 2023 and has been a board director since July 2023.

CTCX is currently trading at $0.1973, up 1.39 percent or $0.0027 on the Nasdaq.