In recent years, China has made significant progress towards their goal of establishing global leadership in the field of stem cell research and therapies. In addition to their substantial investments in regenerative medicine, the Chinese government has also implemented highly effective recruitment strategies to attract the world's top stem cell researchers; established permissive regulations and focused on the rapid development of prospective life-impacting applications that may potentially lower the country's massive healthcare costs by providing future stem cell therapies to possibly treat or cure a wide range of diseases. A developing country with the largest population in the world, China's estimated total population is 1.3 billion of which women account for about half. SEB believes that the future market opportunity for the C?始le service in China is potentially significant.
"Cryo-Cell is very proud of and encouraged by the milestone achievement of our distinguished partner Dr. Charlie Xiang and his colleagues at S-Evans Biosciences. The recent opening of their new state-of-the-art stem cell laboratory operation and R&D facility will serve to support SEB's aggressive plans to market C?始le in China and to develop future potential therapies based on Cryo-Cell's proprietary menstrual stem cell technology," said Mercedes A. Walton, Cryo-Cell's Chairman and CEO. "In view of the country's growing global prominence in regenerative medicine; their supportive regulatory environment and the substantial investment of resources designated for stem cell R&D from both government and private sectors, Cryo-Cell continues to enthusiastically share SEB's belief that there may possibly be enormous potential for C?始le menstrual stem cell technology in China."
The C?始le service is based on Cryo-Cell's expansive IP technology portfolio and was introduced in November, 2007 as the first and only service that empowers women to collect and cryopreserve menstrual flow containing undifferentiated adult stem cells for future potential utilization by the donor or possibly first-degree relatives in a manner similar to umbilical cord blood stem cells. Based on the continued success of MenSCs in the research setting, Cryo-Cell continues to actively expand global C?始le technology licensing, in addition to building its portfolio of research collaborations with world renowned scientists committed to study this novel stem cell population for a broad range of regenerative therapeutic development.
SOURCE Cryo-Cell International, Inc.