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Showing posts with label Intercytex. Show all posts
Showing posts with label Intercytex. Show all posts

Friday, March 27, 2009

Cell Therapy Industry HiLites 2009-03-27


Here's a big thank you shout out to the growing cadre of great readers, subscribers, and participants in the network of cell therapy colleagues I'm proud to be part of whether it is here on this blog or on our LinkedIn Cell Therapy Industry Group. We're proving cell therapy means business! Keep up the outstanding repartee.




In keeping with the biblical proposition that "nothing new is under the sun", a new physician group as been formed to "oppose FDA's position on adult stem cells". The newly formed "American Stem Cell Therapy Association (ASCTA)" this week posted its manifesto online and issued a press release saying the "organization was formed in response to the Food and Drug Administration's (FDA) recent position that the adult stem cells found in everyone's body are drugs, a position the ASCTA opposes." I'm not sure which move the FDA made recently that would make these docs think this is the FDA's recent position. As I wrote on this blog back in September last year, doctors have been trying to tell the FDA that cell therapy is the "practice of medicine" for years and it hasn't worked. Of course, it will come as no surprise to you that central to this new movement of doctors lobbying for the right to treat patients with their own stem cells however they see fit, is Dr. Chris Centeno of Regenexx and other doctors like Dr. Zannos Grekos who are involved with stem cell treatment clinics marketing to US patients for clinics performing their magic outside the USA.


In a classic case of overstating the point, ASCTA member Dr. Frank Falco states, "The FDA's position against someone using their own stem cells is taking it too far." Of course, saying that is the FDA's position, is taking his point too far but subtleties like that don't get people engaged in a revolution!

Enough of that. On to the news & analysis. It wasn't a great week for cell therapy with Osiris stopping its phase III trial for Chron's and all but that had more to do with the difficulties of designing good clinical trials than it did cell therapy.

FINANCIAL

Intercytex Group Plc (AIM: ICX) announced it is in talks which may lead to an offer for the company. In February, the company said it was reviewing options, including a possible sale or merger, after it stopped work on Cyzact, one of its main products, to preserve cash. The company's product Vavelta has reportedly now treated 120 people in a commercial setting and its ICX-SKN skin graft replacement for burns and acute wounds is fully funded by the US Armed Forces Institute of Regenerative Medicine. Inercytex reported revenues of £17,000 for the year.

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Taiwan is angling to be one of the major biotech hubs of Asia by making biotechnology the country's third major industry in the next 10 years. To that end, it has proposed a $1.76 billion dollar VC fund. The Taiwan government's National Development Fund will have a 40 percent stake in the venture, and the private sector will see to the other 60 percent. The economic development plan also calls for the establishment of a biotech incubation center that will introduce new medicines to existing biotech parks. Taiwan has a strong interest in cell therapies and the country's regulatory authority(the BFDA) is investing heavily in establishing a well-defined regulatory framework for cell, gene,and tissue based products. Unlike Singapore's investment in stem cell research, Taiwan appears to be positioning itself to support later-stage commercial entities already working on translation of research into clinical products.

CLINICAL

And here's the big news of the week. Osiris Therapeutics, Inc. (NASDAQ: OSIR) announced it was stopping its phase III clinical trial of Prochymal for the treatment of acute Crohn’s disease (CD).

The good news? It was not for safety concerns. The decision was made after the trial's final scheduled interim analysis showed that one of the two Prochymal dose arms (they don't know which because that has not yet been unblinded) in one of the two trials in the program had crossed a futility boundary (would not achieve statistical significance) according to the study's DSMB.

Osiris’ phase III CD program consisted of 2 trials, and induction trial (S-603) and a maintenance trial (S-610). The Study-603 “Induction” trial was randomized into three arms, one-high dose Prochymal (400M cells for the 1st two infusions and 200M cells for the next two) , one low-dose Prochymal (200M cells in the 1st two infusions and 100M cells in the next two) and placebo. After 28 days of dosing, patients were evaluated by a subjective evaluation for a reduction in the Crohn’s disease activity index (CDAI). Patients with a 100-point drop in CDAI score according to the self-evaluation were then eligible for re-randomization into the longer-term Study-610 “Maintenance” trial. It is this design that management now believes presented an inducement for patients to "over-report" improvements so as to be eligible to participate in the longer, subsequent trial. This is evidenced, they believe, by the fact that 56% of the participants in the in the S-603 program enrolled in the S-610 program when they would have expected the number to be more around 30 - 40%.

The other pieces of good news to salvage out of the day are (a) Genzyme supports the decision, and (b) the trial had already enrolled 210 of its expected 270 patients. Osiris is going to complete the study as if it were a 210-patient study in hopes that there is significant data from the trial that can not only be used in redesigning subsequent trials but also to bolster Prochymal’s overall safety database. Regarding Genzyme's position, this is certainly reason for them to be disappointed but this saves them milestone payouts in the short-term and they are not on the hook for the additional costs that will be incurred because of the decision so as long as they still believe in the fundamentals of the product, they have no reason to pull out of the relationship now.

Randy Mills spent some time in a webcast on Friday explaining the details of what transpired, the decision, what they theorize went wrong or was wrong with the trial, and where they anticipate going from here. He made it very clear a number of times that there is no reason to believe this will have any impact on the Prochymal trial for GvHD. One of the other things he explained was that Osiris never believed this current phase III program for Crohn's was going to be sufficient to support a BLA. They had always anticipated another phase III trial. What Randy didn't say was whether this decision would mean another one or two trials would be required.

Analyst Jason Napodano is on record stating he believes "it could be a year or so before Osiris can re-initiate the Crohn’s program, which will most likely include two separate phase III trials, one induction and one maintenance, but once initiated the program should enroll quickly given management’s experience from just halted program and the inclusion of several additional new centers that did not participate the first time." Despite the setback he believe the news presents a buying opportunity for Osiris shares which were down as much as 22% in Friday's trading.

He believes "Osiris remains financially sound and should exit 2009 with over $100 million on the books" and expects "Prochymal will be on the market in the U.S. by the end of next year for GvHD". They have a target of $25 per share.

In Friday's investor teleconference, Randy stated he expects the company will be reporting top-line data on the Prochymal trial for steroid-refractory GvHD in 3Q 2009 given that enrollment in that trial is already complete and, based on enrollment rates for the acute GvHD trial, he expects to be reporting data from that trial in the same Quarter.

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Neurotech Pharmaceuticals, Inc. announced that the Company's lead product candidate, NT-501, substantially slowed the loss of vision in a Phase 2 clinical trial in subjects with dry age-related macular degeneration involving geographic atrophy. NT-501 is an intraocular implant that consists of human cells that have been genetically modified to secrete ciliary neurotrophic factor (CNTF) which is delivered directly to the back of the eye in a controlled, continuous basis by means of the Company's proprietary Encapsulated Cell Technology platform, thereby bypassing the blood-retinal barrier. The Phase 2 study is a multi-centered, randomized, double-masked, sham-controlled study of 51 subjects with GA. Patients received either a high or low dose NT-501 implant or a sham treatment in one eye only. The high dose of NT-501 stabilized best corrected visual acuity at 12-months, with 96.3% (p=0.078) of treated-patients losing fewer than three lines of vision, or 15 letters, versus 75% of the patients in the sham-treatment group.

What I find interesting about the study is that five devices from this trial have now been explanted 12 months following implantation and all have been found to have uniformly healthy, viable cells that continue to produce therapeutic levels of CNTF. This is reportedly consistent with data from multiple trials of NT-501 in which, to date, 23 devices have been explanted between 12 and 18 months following implantation and all devices have contained healthy, viable CNTF-producing cells.

The clear implication is that the implanted devices would continue to excrete therapeutic levels of CNTF longer than the 1-year threshold for the study. This is proof-of-principle for Neurotech's Encapsulated Cell Technology platform which may well have sundry other applications.

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Will Dendreon's unblinding and announcement of interim analysis data for Provenge back in October be its final bad decision? Four top statisticians say Dendreon may have compromised the integrity of the trial by putting out the release. They say it was unorthodox for Dendreon to even know such a detailed result, much less to publicize it. The danger: The company, patients or doctors might have changed what they were doing once they knew how the study was going. If the final outcome is only marginally statistically significant, it might be tossed, putting Dendreon and its drug back at square one. The statisticians are left scratching their heads at the data release. "I have no idea what their rationale would have been," says Susan Ellenberg, a statistician at the University of Pennsylvania. "I can't rule out the possibility that they did have a reason I'd be comfortable with, but I can't think what it might be."

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Finally there is some news about a US company treating patients in a clinic outside the US in a way that many would say has hallmarks of scientific credibility. Two years ago DaVinci Biosciences, headquartered in Costa Mesa, California, treated 52 acute and chronic spinal cord injury patients in Ecuador with injections of their own bone marrow-derived stem cells. They conducted follow-up studies and have now published the results for the first 8 patients in issue 17(12) of Cell Transplantation. The follow-up report claims that MRIs have revealed "noticeable morphological changes within the spinal cord after administration of autologous bone marrow derived stem cells." There was no tumor formation, increased pain or deterioration of function following administration of the stem cell treatment. The researchers conclude that the therapy proved safe and effective in improving their quality of life. Although there are plenty of stem cells clinics claiming anecdotal evidence (not published in peer-reviewed journals) of the therapeutic effect of such treatments and there have been numerous studies in animals demonstrating the benefits of stem cell treatment for the treatment of spinal cord injury, this may be the first published study of its kind.

COMMERCIAL

In what is now becoming a trend between large pharma and research institutes, the Salk Institute announced a strategic alliance agreement with Sanofi-Aventis establishing the Sanofi-Aventis Regenerative Medicine Program (SARP). Financial terms of the three- to five-year agreement were not revealed.

Saying that the program was without "restrictive preconditions", the announcement was vague on details about the anticipated nature of the collaboration other than it would sponsor "institute-wide discovery grants in promising research areas that address the organizations’ mutual interests" It was also unclear what types of results or products Sanofi expected to get from the program other than "research retreats and "extended working lab visits". The San Diego Business Journal reports that Sanofi-Aventis will have the option to license any discoveries that result from the collaboration. It's not clear to me how this fits with the deal Salk made last year when it partnered with another French pharmaceutical company, Ipsen, in a deal worth $10 million over five years. It's also not clear to me if this is an investment in cell as therapies or more about cells as tools. We can not necessarily infer the former simply from the "Regenerative Medicine" name put to the program.

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Stratatech Corp. announced that it has launched the StrataTest® human skin model. Composed of both an epidermis and a dermis, the StrataTest® human skin model is said to display the physical, chemical and histological characteristics of native human skin. The tissue is supplied in a 24-well format for consumer product testing, drug discovery and toxicity screening.The StrataTest® human skin model, which is intended for research use only, is manufactured using Stratatech’s proprietary NIKS® human keratinocytes. Stratetech believes the product offers a "superior, cost-effective, in vitro testing skin model that it believe enables better prediction of in vivo biological response for consumer product, drug discovery and other toxicity testing applications.”

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Stepping into a space owned primarily by MaxCyte and Lonza's Amaxa BioSystems, Invitrogen, a division of Life Technologies (NASDAQ:LIFE) announced the launch of it's "Neon Transfection Device", a bench-top device for the delivery of DNA, RNA, and proteins into a wide range of mammalian cell types, especially difficult to transfect cells, such as many types of primary and stem cells. The Neon Transfection Device is reportedly well suited for gene and siRNA delivery into stem cells, features a unique transfection chamber that minimizes cell death, has minimal reagent requirement, and works with many different cell types.

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Progenitor Cell Therapy, LLC (PCT) announced that Lisa Doria-Cavuoto will be joining the company as Vice President of Commercial Cell Therapies, effective April 1, 2009. In this role, she will be responsible for managing the day-to-day business operations of PCT's commercial stem cell processing, storage, and clinical distribution service.

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Former GE Healthcare & Thermogenesis executive, Dan Segal, is heading up a newly minted private cord blood bank in Orange County, California called PacificCord.

RESOURCES, EVENTS, & MISCELLANEA

ISCT has released a call for Late Breaking Abstracts in the following categories:
  • Mesenchymal and Tissue Stem Cells
  • Hematopoietic Stem Cells
  • Gene Therapy
  • Immunotherapy and Dendritic Cells
  • Cell and Tissue Evaluation
  • Lab Practices
  • Legal and Regulatory Affairs
  • Translational Process Development
Deadline for Submissions: April 3, 2009. Notification of Abstract Status: April 10, 2009

Click here to submit.

Sign-off...

I spoke this week to an American-trained plastic surgeon now practicing in Asia. In 2006 he paid (presumably handsomely) to attend a symposium hosted by 3 European "professors" on commercial "cell therapy" techniques that are being sold today in select jurisdictions and which could bring longevity and youthfulness to clients everywhere and, I assume, fame and fortune to the doctors brave enough to sell them. One was "live stem cell therapy" using rabbit fetal cells and the other was "fresh/frozen cell therapy" using cells from sheep embryos (or placenta?). He was so impressed he bought into the program, tried it on himself, his family, and then, convinced it was safe, started to sell it to clients. The good doctor I spoke with was using the sheep product, as many others are doing, and administering them not topically but intra-muscularly for "skin rejuvenation".

Long story short, he is now being prosecuted by his Medical Council for providing non-evidenced based medicines. Here's the rub. This all sound quite ghastly to many of us but there is at least one clinic in Switzerland that has been injecting sheep cells into people for over 50 years without any apparent safety issues and to the endless, anecdotal accolades of clients who claim enhanced youthful visages, energy, sex drive, longevity, etc. What's more, there is an internet site where you can buy sheep placenta capsules and even human placenta injectibles. I won't link to any of these sites because I don't want to give them the web traffic but a quick Google search will lead you to multiple clinics and distributors.

I don't envy the position of regulators. As much as a clear and enforceable regulatory framework is critical to the industry, so is a strong and properly financed regulatory authority. Equally important is that we as an industry be vigilant in protecting the quality of our science, our medicines, and our patient's health. We are not grappling with easy issues here. Perhaps the injection of sheep or rabbit fetal cells are the cure-all they are reported to be but what it they're not and we're injecting them into human for non-life-threatening conditions?

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That's the kind of week its been. Feel better about yourself and tell a friend about the Cell Therapy Blog today! :-)


Saturday, February 28, 2009

Cell Therapy Industry HiLites 2009-02-27

I'm pretty excited by how well the blog is being received. This is a small, niche segment of the biotech sector and I only cover the commercial aspects of the segment so the numbers are small but - as you can see from the graph on the right - the number of people checking out the blog is certainly growing exponentially. This month we passed 1200 visit and 2200 views. Thanks for spreading the word...



Apparently this is the week for which we've been waiting for 40 years. Peter Winter reports to the
Burrill Report that the biotechnology industry is now profitable.

The 360 publicly listed companies they track generated $9.4B in revenue in 2008 with a net income of $3B. 67 of these companies companies were profitable with the remainder generating red ink of $6B. The bulk of the income was, of course, generated by the top 3: Genentech, Amgen, Gilead - reporting a combined net income of $8B. 200 of the companies are in fiscal trouble with many having only 6-12 months of cash left. Peter speculates one-third of the companies being tracked today may not exist as-is one year from now - perhaps to the benefit of a stronger sector.

FINANCIAL

The VC panel at the Stem Cell Congress (CHI's Molecular Medicine Tri-Conference) in San Francisco this week was asked whether - if they were given it - they would take $500M to invest over a 5-year term and get out over the next 5 years with the 'usual' VC expectations of return. Only one string: the investments would have to be restricted to regenerative medicine companies (defined widely to include therapeutics, tools, devices, platforms, reagents, etc). Tellingly, they all answered 'no' or that they would take only part of the money. They were all VCs very familiar with the space and even personal cheerleaders for it but they all felt it was too early to find enough companies they could invest that much money in with confidence of giving the requisite returns. I'll be exploring this more in blogs to come.

With that, the only official financial news is not an investment but a loan. Wisconsin Governor Jim Doyle announced that Stratatech Corporation in Madison will receive a $500,000 loan from the Department of Commerce.


Unofficially, executives from SanBio, Inc confirmed for me this week that they have received a small (hopefully precursor) investment from Fujifilm Life Science. Amounts were not disclosed. This reportedly modest financing is intended to get SanBio through its IND approval. The company is actively fundraising.

CLINICAL

Angioblast Systems Inc announced the successful achievement of the key safety milestone in the first low-dose cohort of patients treated with Revascor(tm), the proprietary allogeneic, or "off-the-shelf", universal adult stem cell product for congestive heart failure. Safety data from all 20 congestive heart failure patients enrolled in the multi-centre Phase 2 clinical trial were reviewed by the trial's Data Safety and Monitoring Board (DMSB). No cell-related adverse events occurred in any patient during the 30-day follow-up period and the review was positive. As a result, the DSMB has allowed the company to move forward with recruiting the second 20-patient cohort of patients with congestive heart failure. This group will receive a higher dose of cells.

The placebo-controlled trial of Angioblast's Revascor(tm) cell therapy will randomise up to 60 patients suffering from congestive heart failure to three 20-patient cohorts receiving either a progressively increasing dose of the company's allogeneic adult stem cells or standard of care. The cells are implanted into the damaged heart muscle using the NOGA MyoStar catheter technology system provided through a collaborative agreement with Johnson & Johnson companies, Biologics Delivery Systems and Cordis Cardiology. The outcomes in each patient group following injection of progressively increasing doses of cells will be compared against standard-of-care in terms of both safety and effectiveness at halting or reversing congestive heart failure. The company will provide interim efficacy results for each dose cohort as they become available.

Cytori Therapeutics, Inc. (NASDAQ: CYTX) released a press release entitled "Adipose-Derived Stem and Regenerative Cells Prevent Mortality and Reduce Kidney Damage in Preclinical Study"preclinical results". The opening line of the reiterated that the data reported were "preclinical results". The release also clearly stated the "study was performed using a manual extraction technique" though it did speculate that the "potential application could be made more efficient and cost effective with the use of Cytori's Celution(R) System to isolate clinical grade ADRCs in real time".

StemCellDigest.net, however, was critical of the release in a blog entitled "Now You See It, Now You Don't" - The Latest Cytori Press Release" calling the company one of the most "flamboyant" in the sector and its communications style and treatment of the facts as taking "liberties with unwritten research release protocol that is a bit beyond the pale". They said: "Quickly read, the release seems to suggest that this was a clinical study". Now I understand the comment that Cytori certainly seems aggressive in its communications style but one would have to read this latest press release awfully 'quickly' to believe it was data from a clinical study despite the references to animals (mice?) as 'subjects' - admittedly not a standard practice.

Intercytex Group Plc (AIM: ICX) has products on the market and other products in its phase II pipeline but it has recently trimmed a significant amount of staff to cut back on costs and now in a recent stock exchange statement the company states it is going to abandon its only phase III trial - that of Cyzact® for venous leg ulcers. Indeed "no further work on Cyzact® is planned in any indication" and "in the light of this disappointing result the board has determined to review all strategic options for the company" including "a possible merger or sale of the business".

For the second time this month, we've had a press release with the general theme of: 'we're closing up shop now...hope we contributed to the science'. At the ASCO meeting this week Cell Genesys, Inc. (NASDAQ:CEGE) announced results from further analyses of their prematurely closed VITAL-1 and VITAL-2 clinical trials studying GVAX immunotherapy for prostate cancer. Both trials were shut down earlier this year and the company is being cratered.

VITAL-1 was a Phase 3 clinical trial designed to compare GVAX cancer immunotherapy as a monotherapy to Taxotere chemotherapy plus prednisone in castrate-resistant prostate cancer (CRPC) patients with metastatic disease who were asymptomatic with respect to cancer-related pain. The primary endpoint of the trial was an improvement in survival. In 2007, the VITAL-1 trial completed enrollment with 626 patients at 131 sites in North America and the European Union. In January 2008, Cell Genesys announced that the Independent Data Monitoring Committee (IDMC) had completed a pre-planned interim efficacy analysis for VITAL-1 and recommended that the study continue, providing no further information to the Company other than the recommendation to continue the trial. On August 27, 2008, the Company announced that it had requested the IDMC to conduct a previously unplanned futility analysis of VITAL-1. VITAL-1 was terminated in October 2008 based on the results of a futility analysis conducted at the Company’s request by the study's IDMC which indicated that the trial had less than a 30 percent chance of meeting its predefined primary endpoint of an improvement in overall survival. Based on the results of that analysis, the Company terminated the VITAL-1 trial in October 2008.

The final Kaplan-Meier survival curves for the two treatment arms suggest a late favorable effect of GVAX immunotherapy on patient survival compared to chemotherapy, with the curve for GVAX patients crossing above the chemotherapy curve at approximately the same time median survival was reached in both treatment arms (21 months). Additionally, the data suggest that patients with Halabi predicted survival (HPS) greater than or equal to 18 months may have a more favorable response to the immunotherapy. Treatment with GVAX immunotherapy was generally well-tolerated and had a very favorable side-effect profile compared to Taxotere chemotherapy particularly with respect to a lower frequency of grade 3 or higher toxicity of nine percent versus 43 percent.

VITAL-2 was a Phase 3 trial designed to compare GVAX immunotherapy in combination with Taxotere to Taxotere plus prednisone in CRPC patients with metastatic disease who were symptomatic with respect to cancer-related pain. The primary endpoint of the trial was also improvement in survival. VITAL-2 was initiated in June 2005 and had enrolled 408 patients at 115 clinical trial sites located in North America and the European Union prior to study termination. On August 27, 2008, the Company announced its decision to terminate enrollment and treatment with GVAX immunotherapy in VITAL-2 as recommended by its IDMC which, in a routine safety review meeting held at that time to review both VITAL-1 and VITAL-2, observed an imbalance in deaths between the two treatment arms of the VITAL-2 study.

Updated analyses show no significant toxicities in the GVAX plus Taxotere arm that could explain the imbalance in deaths. Eighty-five percent of deaths were reported as due to prostate cancer in both arms, and there was no trend in the causes of death in the remaining patients. These observations are consistent with the hypothesis that the decision to omit concomitant prednisone in the GVAX immunotherapy treatment arm to avoid the immunosuppressive effects of prednisone may have contributed to an unfavorable outcome compared to the combination of chemotherapy and prednisone. Additionally, it is important to note that further analyses of VITAL-2 have indicated that the imbalance in deaths between the two treatment arms has decreased from 20 deaths as reported at that the time of the IDMC’s initial analysis (August, 2008) to 9 deaths at the time of the final analysis (December, 2008).

COMMERCIAL

Osiris Therapeutics, Inc. (NASDAQ:OSIR) announced its results for the fourth quarter and year ended December 31, 2008. It's list of recent and 2008 highlights is admittedly impressive:
* Formed major strategic alliance with Genzyme Corporation worth up to $1.4 billion for the development and commercialization of Prochymal and Chondrogen in countries outside the United States and Canada.
* Sold the Osteocel business to NuVasive, Inc. in a transaction worth up to $85 million in upfront and milestone payments.
* Awarded Department of Defense contract fully valued at $224.7 million to develop and stockpile Prochymal for acute radiation syndrome (ARS).
* Received approval to initiate Prochymal expanded access program in the US for adult and pediatric patients and in Canada for pediatric patients suffering from life-threatening Graft versus Host Disease (GvHD).
* Completed enrollment in first worldwide Phase III stem cell clinical trial for the treatment of steroid-refractory GvHD.
* Reported positive two-year data from Phase I clinical trial evaluating Prochymal in heart attack patients.
* Completed enrollment of Phase II clinical trial evaluating Prochymal in patients with chronic obstructive pulmonary disease (COPD).
* Reached agreement with the FDA regarding the timing and content of the submission of the first marketing application for a stem cell product.
* Reported cash, short-term investments and receivables of $123.5 million at year-end.

Genzyme Corp.'s chief executive Henri Termeer said the company may spend about $600 million this year to acquire products that treat chronic diseases - likely personalized drugs, highly specialized medicines already tested in humans. He prefers, he says, the idea of buying products rather than entire companies.

Despite being on the verge of closing a multi-million dollar financing, expecting to launch a commercial product next month, and reporting promising findings on the her company's experimental hair regrowth treatment last week at the 4th Annual Stem Cell Summit in New York, Histogen, Inc founder and CEO Gail Naughton has just had to fire all her employees. A patent infringement lawsuit filed last month against Histogen has triggered a funding crisis at the San Diego biomedical startup, which was forced to lay off all 36 of its employees at the end of January. The suit filed by rival SkinMedica of Carlsbad, CA, also prompted a group of angel investors to withdraw their planned $2.4 million investment in Histogen at the end of January. Naughton said the lawsuit was filed to stop the planned March 6 launch of the cosmetic products.

ThermoGenesis, Corp. (NASDAQ:KOOL) announced that the FDA has agreed with its plan to remedy the voluntary recall of certain lots of AXP disposable bagsets that it announced in November. At that time, the Company had indicated that the recall was not the result of any safety issues; the field action was a result of the potential for particulates to be released into the sterile, non-pyrogenic fluid path as a result of a defective component provided by one of the suppliers to the Company. The Company indicated that it was providing customers a blood filter to be used, as necessary, with any bags that had already been processed.

Cordlife Ltd (ASX: CBB) reported its 2008 year end financial results. Cconsolidated revenue and other income for the half-year ended 31 December 2008 increased by 78% to $13,218,000 from $7,439,000 for the half-year ended 31 December 2008. Revenue from cord blood banking services was $11,436,000 for the half-year ended 31 December 2008 as compared to $7,006,000 for the half-year ended 31 December 2007 (an increase of 63%). This substantial growth is due to significant increase in client sign-ups across the Group's existing markets of Singapore and Hong Kong. Several marketing and promotional measures were put in place in the first half of this financial year in our two largest markets. The additional sign ups in Singapore are also due to incentivised schemes from the Singapore government to aid first time parents financially. There was also growth across the Group’s other markets in Australia, as well as Indonesia. India registered its first clients and revenue in the first half of this financial year. Net profit attributable to members for the half-year ended 31 December 2008 was $1,590,000, an increase of 997% over the net profit attributable to members of $145,000 for the half-year ended 31 December 2007.

Cord Blood America, Inc. announced an agreement with Shelter Island Opportunity Fund to restructure its current outstanding debt. With the signing of the agreement, Cord Blood America projects it will become cash flow positive for the first time in its history. The loan originally helped CBAI to acquire a large customer base with the CorCell acquisition. The principals of Shelter Island Opportunity Fund worked with us to restructure our debt, putting us in position to run as a cash flow positive organization. "This is a gesture of true partnering with CBAI, while sharing the stem cell vision to become a globally dominant stem cell storage company", said Matthew Schissler, CBAI Founder and CEO.

BioTime, Inc., (OTCBB:BTIM) announced that its wholly-owned subsidiary Embryome Sciences, Inc. has entered into an agreement with Reproductive Genetics Institute (RGI) of Chicago, Illinois granting Embryome Sciences rights to market new human embryonic stem cell (hES) lines selected by Embryome Sciences from 294 hES lines derived by RGI. Embryome Sciences will initially select 10 RGI hES cell lines, and may add additional cell lines at its option. RGI is a leading fertility center that screens embryos for genetic disorders, such as cystic fibrosis and muscular dystrophy prior to implantation. The RGI hES lines include both normal cells and 88 cell lines identified as carrying a host of inherited genetic disease genes that Embryome Sciences plans to sell as research products to universities and pharmaceutical companies.

NeoStem, Inc. (NYSE Alternext US: NBS) announced it has signed a license agreement to obtain the exclusive worldwide rights to innovative stem cell technology and applications for cosmetic facial and body procedures and skin rejuvenation. This "innovative stem cell skin rejuvenation procedure" is intended to enhance NeoStem's leadership in the anti-aging and regenerative medicine arena - one of their "core pursuits".

Voted one of 2008's Top Ten small companies (<1,000 href="http://www.beaker.com/CompanyProfile.aspx?uid=33e3fa99-db71-45f6-b9c8-165e63e9a633">Tengion, Inc was a Feature Company this month on the Beaker.com. T engion is a clinical stage regenerative medicine company focused on developing neo-organs and neo-tissues derived from a patient's own (autologous) cells. The Company's lead product, the Tengion Neo-Bladder™, is currently in Phase II clinical trials in the United States in pediatric patients with spina bifida, and adult patients with spinal cord injuries.

Cell isolation/collection companies join forces - Gahaga Biosciences has been acquired by Hemacell Perfusion.

RESOURCES & EVENTS

All the articles are available for free download in a special issue of MAL's Tissue Engineering Part A: Technologies for Enhancing Tissue Engineering: Materials and Environments for Guiding Stem Cell Function. Guest Editors are E. Alsberg and J.A. Rowley.

Two prominent supporters of stem-cell research said they had reintroduced a Senate bill that would allow federal financing for human embryonic stem-cell research, in anticipation of President Obama’s support for the work. The advocates, Senators Tom Harkin, left, Democrat of Iowa, and Arlen Specter, Republican of Pennsylvania, said their measure would allow federal financing for research using stem cells taken from human embryos left over from fertility treatments. “It is the same bill that both houses of Congress approved in 2007, but was vetoed by President Bush,” they said. Mr. Obama has promised to overturn Mr. Bush’s policy strictly limiting the use of federal money for such research.

Proposed legislation which would allow companies to grab a share of the $18 million stem cell fund, is pitting the Maryland's biotechnology companies against academic researchers.

Sign off...

In the long-term, one of the take-homes from this week's conference in San Francisco is continued encouragement by the outside players now actively strategizing about how they will participate in the cell therapy industry. This will (a) inject cross-disciplinary intelligence, experience, and maturity into the industry, (b) allow companies in the sector to leverage expertise from outside the sector that can be used to take companies and technologies to the next level of commercial viability, and (c) represent an increasing number of potential M&A partners.

In the short-term, there was nothing to refute the general sense that this is going to be a long and game-changing year for many companies in the sector.

In the meantime, CellTherapyBlog will bring you the good, the bad, and the ugly from the cell therapy and regenerative medicine industry...

Friday, February 6, 2009

Cell Therapy Industry HiLites 2009-02-06

Following on the heels of FDA's approval for Geron's trial, I suppose it's not surprising that TIME magazine put stem cell research as its cover article. But while stem cell research enjoys the glory and any stock even remotely related to cell therapy is enjoying a bullish run, CIRM - one of the efforts responsible for keeping stem cell research alive in the US during the last 8 years - is being threatened by California's crushing debt.




It was an interesting week at the Phacilitate Cell & Gene Therapy Forum last week. In some ways it was a little Dickensian - the best of times; the worst of times. On one hand we had Genzyme-Osiris talking about the biggest deal ever in cell therapy, both Osiris and Dendreon potentially being on the verge of the first cell therapy BLA approval in a decade, and the pharma industry coming out of the closet speaking about their belief in cells as therapies not just tools for discovery or toxicity testing. On the other hand, the fact that money has pulled a disappearing act on many who thought they had it or been freeze-dried in the pockets of those who still do, makes it nervous times for a bulk of the industry. This is a sector that may look drastically different at the end of the year than it did at the beginning and while this will make for tough decisions, may impeded some progress, and generate many a sleepless night... an industry re-org may not be an entirely bad thing.
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This issue is sponsored by folks that sell stuff their customers honestly want to keep a secret.
If you knew what they know, you would know you can change the way you store your cells. You wouldn't be thinking the yield you're getting from your cellular source material and cryopreserved products is just fine - not worth investigating.
You would know that BioLife's solutions (now both the subject of an FDA Master File) could very well improve your product, decreased product failures, and maybe even lower your costs. But then if you knew that, you'd already be a customer!

You probably owe it to your cells to find out what they know.
www.biolifesolutions.com
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I want to take a moment to correct something. In December I said that while I was a little confused by their recent press release, it looked to my like Wuxi-Apptec was getting out of the cell therapy manufacturing business. I took the opportunity at last week's Phacilitate meeting to get some clarification. Indeed, I was wrong. I asked WuXi AppTec, VP, Philadelphia Operations, Garry B. Takle, Ph.D. for clarification. I'm happy to share with you his reponse below:

The recent closure of the recombinant protein and monoclonal antibody manufacturing bioreactor suites in the WuxiAppTec, Philadelphia facility does not affect the continued focus on and expansion of cell therapy manufacturing, cell bank manufacturing and biologics testing programs at the site. WuXiAppTec has taken the strategic position that cell therapy products are likely to provide significant outsourcing revenue in the short and mid term, as these more novel products become firmly established and better accepted.

WuXiAppTec has been in the cell therapy business for more than 3 years and intends to use the experience gained during this period to attract a broader portfolio of cell therapy clients. WuXiAppTec has so far completed 5 cell therapy manufacturing projects, including both allogeneic and autologous cell therapies.

In addition, WuXiAppTec currently performs testing for more than 15 cell therapy clients and manufactures more than 50 cell banks per year. Combined with considerable experience in medical device testing and manufacture, and in the production of tissue-based products at the WuXiAppTec St Paul facility, the WuXiAppTec Philadelphia site provides the GMP/GTP cell expansion expertise to develop and manufacture a wide range of cellular therapies and combination products.


FINANCIAL

Cell therapy company Garnet Biotherapeutics, developing products for scar reduction after surgery or dermatological procedures, announced the close of a $10.4 million round led by SCP Vitalife Partners II, L.P. Garnet will use the proceeds to fund Phase II clinical trials of its proprietary human adult bone marrow-derived cells, as well as manufacturing and development. Safeguard Scientifics, Inc. and Alliance Technology Ventures also participated in the financing.

It is clearly too early to do the 3-count for Bioheart, Inc. (Nasdaq:BHRT) which announced private funding commitments of up to $7 Million. The company has entered into a non-binding letter of intent with Organic Business Alliances, LLC ("Organic") pursuant to which it would invest approximately $1.5 million in Bioheart under its current offering under Regulation D and, subject to Bioheart achieving certain specified milestones, invest up to an additional $5.5 million on terms substantially the same as those of the offering. The investment by Organic is subject to approval of the boards of directors of both Bioheart and Organic and mutually acceptable definitive agreements.

Pluristem Therapeutics Inc. (NasdaqCM:PSTI) (DAX:PJT), a bio-therapeutics company dedicated to the commercialization of non-personalized (allogeneic) cell therapy products for a variety of degenerative, ischemic and autoimmune indications, announced that on January 29, 2009, the Company entered into definitive agreements to sell restricted common stock and warrants for aggregate gross proceeds of $1,200,000.

The company also recently announced that it had received approval (in the form of a declaration) from Biotec Services International Limited, stating that Pluristem's Investigational Medicinal Product (IMP), PLX-PAD, is manufactured in accordance with standards of Good Manufacturing Practice (GMP), equivalent to those applied in the EU. Biotec Services is an international clinical trials supply company providing release services of the IMP into the European Union by a Qualified Person (QP). Upon IND and IMPD clearance by the regulatory authorities, Pluristem plans to initiate clinical trials in Europe and in the U.S.A., administering PLX-PAD to patients afflicted with critical limb ischemia, which has not responded to traditional medical or surgical interventions. They've invested ~$2M building in their facility and team to get them to the point of a successful audit of the manufacturing site by a Qualified Person. <more>

Following the implementation of the Clinical Trials Directive 2001/20/ EC in May 2004, any company wishing to undertake European clinical studies must have a Qualified Person (QP) release supplies of Investigational Medicinal Product (IMP) that have been manufactured outside the EU for use in European clinical studies. The QP conducts audits of manufacturing facilities outside the EU, ensuring that each batch has been manufactured in accordance with current Good Manufacturing Practices (cGMP) guidelines.

Organogenesis, Inc has been awareded a two-year, $7.4 million grant from the Massachusetts Life Sciences Center to support the firm’s expansion in the state. Organogenesis, a Canton, MA-based maker of living cell therapies for damaged tissues, has purchased two buildings in Canton and plans to grow its Massachusetts workforce from 220 today to 500 workers, according to the Life Sciences Center. Apligraf® has been used to treat many thousands of patients and is covered extensively by Medicare, Medicaid and by 350 private payers in the U.S.


According to their recently filed Form 10-Q (Quarterly Report), Aastrom Biosciences (Nasdaq:ASTM)
executed a $15 million common stock purchase program with Fusion Capital Fund II, LLC (Fusion Capital) on October 27, 2008. They have the right, over a 25-month period, to sell shares of common stock to Fusion Capital from time to time in amounts between $60,000 and $2 million, up to an aggregate of $15 million, when they choose to do so, based on the terms of the agreement.

In an accompanying press release, Aastrom outlined a number of recent and anticipated events including the fact the FDA put their dilated cardiomyopathy (DCM) trial on hold Feb 2 for reasons which appear associated with the anesthesia administration.

ThermoGenesis Corp. (NASDAQ: KOOL) has reported second quarter results in whixh the company records the second quarterly sequential increase of 36%. For the quarter ended December 31, 2008, the Company reported revenues of $6.1 million, a 12 percent increase over revenues of $5.5 million in the same period a year ago. Disposable revenues in the quarter were $3.5 million, a 35 percent increase over disposable revenues of $2.6 million in the second quarter of fiscal 2008. Disposable revenues associated with the Company’s core AXP AutoXpress Platform™ (AXP™) and BioArchive® Systems offering increased by 56 percent year-over-year as AXP bag set volume in the quarter was 26,500 versus 20,000 in the second quarter a year ago.

The ThermoGenesis' MarrowXpress (MXP) is now being used to concentrate stem cells from bone marrow in an ongoing Phase II clinical trial being conducted at the University of Naples in Italy to study the effect of bone marrrow derived mononuclear cells on patients with critical limb ischemia (CLI). <more> <analysis>

Millipore Corporation (NYSE: MIL), a provider of technologies, tools and services for the global life science industry, announced that it has entered into a $22M agreement to acquire Guava Technologies, a provider of bench top cell analysis systems. The acquisition follows the distribution and co-development partnership the two companies announced in March 2008. Millipore says that its recently announced deal to acquire Guava Technologies will let it develop new kits for stem cell research. <more>

BioLife Solutions, Inc. (OTC Bulletin Board: BLFS), a leading developer and marketer of proprietary GMP hypothermic storage and cryopreservation media products for cells, tissues, and organs, announced record revenue and new funding to support internal manufacturing scale-up already underway to support increased product demand. The company registered record revenue for the fourth quarter and full year 2008. Preliminary fourth quarter 2008 revenue was $417,818, an increase of 36 percent from the third quarter of 2008, and 40 percent over the fourth quarter of 2007. This includes initial orders from nearly 30 new customers. Preliminary full year 2008 revenue was $1,326,772, an increase of 36 percent over 2007 fiscal year revenue.

Biolife also landed $1.4 million in credit funding from two shareleholders for operations and the completion of construction and validation of a new manufacturing facility.

To complete its triage of announcments, the company announced the launch of its new quarterly newsletter BioPreservation Today. They hope the publication will be a forum for sharing knowledge about optimizing biopreservation protocols and processes, to maximize the yield and function of cells and tissues in research and clinical applications.


Healthcare of Today, Inc ("Healthcare of Today"), announced the $100M acquisition of Regenetech, Inc ("Regenetech"). The Regenetech acquisition is one of a series of major acquisitions made by the holding company recently. Last week Healthcare of Today announced that it had obtained Advanced Developers, a builder of resort-like senior facilities in production in Florida and South Carolina. Prior to that, the organization had entered into an agreement to acquire another $19.4M medical facility in Agoura Hills, California.

Healthcare of Today, formed in May of 2008, is a holding company focused on acquiring and developing companies primarily within the healthcare industry. Through its subsidiaries, Healthcare of Today owns a variety of businesses including: nurse staffing, insurance, pharmaceuticals, residential care facilities for the elderly, assisted living facilities, skilled nursing facilities, senior communities, home healthcare services, senior fitness, real estate brokerage/relocation services, adult daycare, a private chef network, a culinary institute, healthcare information technology, nurse education, and biotechnology.

Regenete
ch® has concentrated its research efforts on development of umbilical cord blood and peripheral blood expansion, increased regeneration of bone for orthopedic uses, and production of biomolecules. Regenetech®’s business purpose is to commercialize adult stem cell expansion technology by developing stem cell and tissue regeneration technology, patenting it quickly and either licensing or establishing joint ventures to commercialize the technology to generate revenue.

Last year Regenetech announced it could achieve a 60-fold increase of adult stem cells through its cellXpansion™ process, namely CD34+38- peripheral blood progenitor cells (adult stem cells). These results were reportedly achieved through the continued development of cell culture conditions in Regenetech’s proprietary and patented Intrifuge™ cellXpansion™ technology. As I recall from listening to a presentation last May, the core technology is essentialy an electro-magnetic field placed around a bioreactor.

The company was founded in April of 2002 as BioCell Innovations. In May of 2002 the company acquired its original patent licensing rights through a novation from NASA. In May of 2002 Regenetech® entered into a Sponsored Research Agreement with M.D. Anderson Cancer Center in Houston, Texas. Regenetech® filed its first patents in August 2002. The company name was changed to Regenetech®, Inc. in November of 2002 in order to begin developing trade name value. Stage 1 research was fully completed in January 2003. Regenetech® licensed its first intellectual property for treatment of Sickle Cell Anemia. In April 2004 Regenetech® Licensed an additional two (2) patents from NASA relating to advanced bioreactor technology.
In April 2004 Regenetech® entered into a Reimbursable Space Act Agreement with NASA to continue development of adult stem cell expansion. In January 2005 Regenetech® confirmed its significantly expanded adult stem cells were free from cancer risks and had no genetic modification. In 2005-2006, Regenetech® expanded its research at NASA and several universities and completed the filing of its first73 patent applicati
ons.

The company's former CEO Dr. David Bonner, who appeared at one point to be steering the business toward involvement with off-shore commercial stem cell transplant clinics, had a parting of ways with the company a year or so. He then opened up Stematix, Inc with some of his former team. Stematix is in business to "support and establish fully operational stem cell banks and therapy clinics around the world."

Intercytex Group plc (LSE: ICX) ("Intercytex" or "the Company"), a developer of regenerative medicine products, has implemented restructuring actions to reduce cash burn. Despite the very positive progress being made on all projects, with the financial markets in their current state, the Company will shortly commence a 30 day consultation period with employee representatives proposing a reduction in headcount at the Company's facilities in Manchester UK and Boston, USA of around 50% from the current level of 76 employees. The reduction in workforce will extend the Company's existing cash resources to fund operations until around the end of 2009. The measures are expected to be implemented with effect from March 2009.

CLINICAL

Advanced Cell Technology, Inc. (OTC:ACTC) provided a corporate update in which it announced that it has accelerated its efforts to file an IND for its retinal pigment epithelium (RPE) cells program for the treatment of diseases of the eye in light of today’s decision by the U.S. Food and Drug Administration to grant clearance for a stem cell company to begin trials for the world's first study of a human embryonic stem cell-based therapy for people. The Company is close to securing the necessary funding which would allow it to make the requisite filings during the summer of this year

Sangamo BioSciences, Inc. (Nasdaq: SGMO) announced today that its collaborators at the University of Pennsylvania (Carl June) have opened a Phase 1 clinical trial to evaluate SB-728-T for the treatment of HIV/AIDS. SB-728-T is produced by specifically modify the patient's own CD4+ T-cells, the principal target of HIV infection, with a one-time exposure of the cells to CCR5-specific ZFNs. This generates a population of T-cells that lack the CCR5 receptor, are resistant to HIV and can be infused back into the patient to provide a reservoir of HIV-resistant functional immune cells and, more importantly, may expand and provide an HIV immune response. specifically modify the patient's own CD4+ T-cells, the principal target of HIV infection, with a one-time exposure of the cells to CCR5-specific ZFNs. This generates a population of T-cells that lack the CCR5 receptor, are resistant to HIV and can be infused back into the patient to provide a reservoir of HIV-resistant functional immune cells and, more importantly, may expand and provide an HIV immune response." The primary objective of the study is to evaluate the safety and tolerability of SB-728-T. In addition to safety monitoring, data will be collected on the expansion and persistence of ZFN-modified cells, CD4+ cell counts and viral load.

According to a online publication in Molecular Therapy, Stratatech Corporation has engineered a skin substitute with potent anti-infective function. The product is a genetically modified version of its StrataGraft® living human skin substitute designed to actively fight costly bacterial infections that routinely develop at the site of burns and other severe skin injuries, such as skin ulcers. Stratatech’s skin-substitute innovation reportedly enables the immediate topical delivery of a potent anti-infective that actively inhibits bacterial growth and promotes regrowth of the patient’s own cells. The anti-infective capacity of Stratatech’s genetically-engineered tissue, which is being developed and commercialized by the company as ExpressGraft™ Enhance skin substitute was generated using a non-viral vector, or carrier. The company believes it is the first time a virus-free approach has been used to genetically modify a living, cell-based tissue substitute

Therakos, Inc. announced that Health Canada has cleared the THERAKOS(TM) CELLEX(TM) Photopheresis System for the palliative (reducing the severity of symptoms) treatment of the skin manifestations (appearance) of cutaneous T-cell lymphoma (CTCL) that are unresponsive to other forms of treatment.

Stem Cell Innovations, Inc. (OTC Pink Sheets: SCLL) appears to be working on a liver assist device to support patients waiting for transplant. The company has not made a formal announcement that I can find and the company's website is woefully out-of-date but the device was described in a paper published in the most recent issue of Current Gastroenterology Reports. Medical News Today was able to get the company to comment for an article they did highlighting the article: "There are currently three times as many patients on the waiting list for liver transplantation as there are organs available and few ways to stabilize them if they enter an acute phase of their disease," said Kelly, CEO of Stem Cell Innovations. This second generation device, based on the PluriCells, "combines the safety of primary hepatocytes (normal liver cells) with the standardization of a cell line," continued Kelly. "We're building on what we learned from our earlier device which utilizes the C3A cells that form the basis of Stem Cell Innovations' ACTIVTox(R) drug discovery products. We are one of the few companies that can approach this problem from both sides: from the stem cell and from the adult liver cell. We are using our PluriCell(TM) system to understand the requirements of the liver stem cell and our ACTIVTox system to understand the requirements of the mature cell."

COMMERCIAL

Privately held SkinMedica of Carlsbad says it has filed a patent infringement lawsuit against new San Diego startup Histogen and Gail Naughton, its founder and CEO. The lawsuit, which was filed in federal court in San Diego, alleges that Histogen and its affiliated Histogen Aesthetics business infringe on two SkinMedica patents related to proprietary conditioned cell media technology. SkinMedica says its complaint asks for unspecified relief for the “misapprorpiration of SkinMedica trade secrets and confidential information by Histogen.”

International Stem Cell Corporation (OTCBB: ISCO) continued its recent publicity campaign with a letter to shareholders outlining recent development and plans for the company and their human parthenogenetic stem cells. The company is thrilled to have had their name dropped in a recent article in the Economist along with corporate pioneers like Geron & ACT.

Neuralstem Inc. (AMEX: CUR) has nailed down a key patent for its core technology, which grows neural stem cells from the brain to replace damaged spinal cord cells. The patent comes in time for Neuralstem’s first clinical trials, planned for this year if the Food and Drug Administration gives them the green light. The Rockville company intends to test the ability and safety of injecting fetal stem cells into the spinal cords of patients suffering from amyotrophic lateral sclerosis, more commonly known as Lou Gehrig’s Disease. Neuralstem filed its request in December to launch its first human clinical trials this spring. It expects to hear the FDA’s decision by the middle of next month, but another competitor’s recent news has raised its hopes.


Bio-Matrix Scientific Group (OTCBB: BMSN) (www.BMSN.us) has entered into a cell processing and storage contract with both NeoCells, Inc. and AdultCells, Inc. (ACI; www.adultcells.com). Pursuant to this Contract, BMSN has agreed to (a) cryogenic banking and processing of umbilical cord blood and adult peripheral blood stem cells of clients from both NCI and ACI and (b) cryogenic banking and processing of menstrual blood and other human stem cells of clients from both NCI and ACI upon BMSN’s approval. Fred Fitzsimmons, CEO of NeoCells, Inc. and AdultCells, Inc., envisions “the developing relationship between BMSN, NCI and ACI leading to the establishment of the premier stem cell cryogenic storage company in the U.S.” he said.

RESOURCES & EVENTS

Ex-FDA regulatory cons
ultant Darin Weber (aka "Regenerative Medicine Guru") now of the Biologics Consulting Group, has posted on his blog a number of useful presentations and articles he did in 2008. It's worth checking out.

You won't find a press release about this anywhere but the only weekly publication dedicated to news in the cell therapy sector, Cell Therapy News (which I founded back in 2001 as an email to colleagues and grew to ~11,000 subscribers) has now been subsumed by the Stem Cell Technologies' marketing department. The publication is no longer accepting outside advertising. Cell Therapy News is a news amalgamation service and does not do original and/or editorial content. The publication's objectivity should not be compromised unless they refuse to include press releases from competitors. Rumor has it this is indeed the case. Disappointing if true.

If you're interested in getting into the mind of
Stem Cell Technologies' owner and founder, Allen C. Eaves, you'll find the rambling interview of him recently posted by Q1 to be an interesting read.

Monya Baker from The Niche, always does such a nice job of collecting primary and divergent sources on a topic. She's done the same on her second post about Geron. If this is a trial, company, or stock in which you are particularly interested, you'll want to check out her collection of articles.

This past week's GEN podcast was "Stem Cell Therapies on the Rise" by Linda Powers, Cofounder and Managing Director of Toucan Capital, which has 16 stem cell or regenerative medicine companies in its portfolio. Linda specifically addresses the issue of how the FDA's decision on Geron's IND might boost the development of stem cell therapies and speculates on what may have influenced the agency's decision to give Geron the go-ahead for a trial at this time. Powers also discusses why all the attention on human embryonic stem cell research has given short shrift to work with human adult stem cells and provides specific examples of the successful application of adult stem cells to treat human diseases. Powers describes what's needed from the financial, political, regulatory, and public acceptance arenas to make stem cell and regenerative medicine part of an expanded armentarium of therapeutic approaches in applied and clinical medicine. She also explains why the establishment of a biomanufacturing industry for the production and processing of stem cells and other living cells could give rise to a new and significant business segment of the American economy.

NIH/NHLBI and PACT have announced a workshop on 23-24 April entitled "Converging Concepts in Cell Therapy". This workshop will be held at the National Institutes of Health (NIH), Natcher Conference Center in Bethesda, Maryland.

University of Minnesota is hosting a professional short course, "Preservation of cells, tissues and gametes" to be held May 18-20, 2009.

Sign-off...

I was very pleased to see a 1.5-page article entitled "Stem cell alliance" in the January 2009 issue of R&D Directions magazine, a very pharma-focused publication related to 'pharmaceutical research and development'. The >$1B deal Genzyme-Osiris deal has caught the attention of many in the pharma sector who heretofore have believed the sector too immature to mean real business.

That ends a hectic two-weeks.
Sometimes conferences and paying work get in the way of blogging. I can't really complain. But that's why this is later than my usual Friday pub date. I have every intent to get back to the weekly schedule on Friday. We've had a good run of new subscribers sign up this week. Welcome ya'll. If you learn anything here we hope it's that cell therapy...means business! :)