Commercializing Stem Cell Therapy Austin
So far, we have to hear about the successful results of these treatments that are being transplanted into the body with living cells to be treated, or removed from the body of the patient. Hematopoietic therapy is the most common form of the cell therapy. Harvested from the donor ‘s body for the host to develop bone marrow, it is a well-known cell-based therapy, with its ability to self-renew and differentiate into many types of cells.I strongly suggest you to visit stem cell therapy austin to learn more about this.
Stem cell-based therapies have the potential to treat numerous disorders, particularly those related to the blood and immune system. A wide variety of such therapies including allogeneic cell therapies, autologous therapies, and mesenchymal therapies have made major breakthroughs in clinical trials to treat multiple medical conditions such as arthritis, spinal cord injury, diabetes and strokes. More recently, we have the boon of induced pluripotent stem cells which have the same characteristic as adult embryonic stem cells which can be cultivated to produce embryonic stem cells. For another main purpose- tissue engineering, those cells are essential.
Cell therapies have achieved scientific and commercial advances over the last few decades to emerge as a novel therapeutic alternative for many cellular dysfunctional illnesses. To be believed, the global stem cell therapy market had reached an average revenue of $410 million by 2009, and the market was expected to double, reaching a total of 100 million people in the United States.
And medical companies and research institutes want to move their clinical applications from bench to bedside due to its various medical benefits.
Although we are open to many controversies and debates, we have sufficient evidence to prove that therapy is indeed an effective therapeutic application for addressing a range of diseases, including cosmetic procedures such as hair regrowth, skin redefinition and so on.
On top of that, the increasing number of cell-based clinical trails hold true to the potential for stem cell efficiencies and their applications. A new report as of June 2010 demonstrated cell therapy capabilities across 2000 (approx.) clinical biomedical research trials.
Although the engineering of embryonic cells is minimal and contentious, a greater chance to grow engineered tissues from iPSC is viable for the medical interventions in serious conditions. And that’s the fundamental reason why the public and community are seeking more clinical trials of stem cell-based treatments and their medical applications.
It is therefore important to commercialize the use of stem cells for the rapid development of biomedical research, and through knowledge to enhance public health. Some important aspects of stem cell therapy commercialisation are as follows.
Commercialization promotes the development of new technology and intellectual property for some stem cell science, through its interest in the therapeutic market.
It aims to stimulate both economic growth and improve public health.
This supports grants or funds to be used in clinical research to produce treatments and goods that are more economically competitive on the market.
It is indeed important that public knowledge is translated.
Despite these growth drivers of stem cell therapy commercialization, it faces many obstacles from different regulatory bodies, hampering its ambitious efforts to develop successful and curative therapies for many incurable illnesses.