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Global Induced Pluripotent Stem Cells Market Forecast 2017-2021
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In 2013, clinical trials were initiated in Japan for investigating safety and efficiency of iPSC for restoring vision in patients suffering from wet age-related macular degeneration. Various government and private organizations also have invested heavily in research and development of iPSCs as a therapeutic alternative. In 2017 Plasticell secured funding of over US$ 1 Million for development of efficient manufacturing process for RBC derived from iPSCs. Although profound incubation would require for commercials products to hit the market, it is expected that the new technological innovations and increasing synergy in biotechnology research would shorter this lag for the products to reach the market. Stem cell banks have been setup for supporting widespread research on induced pluripotent stem cells. European Bank for induced pluripotent Stem Cells (EBiSC) operates for addressing the increasing demand for research grade iPSC lines, data and services. The not-for-profit bank is a public-private partnership project coordinated by Pfizer and managed by Roslin Cells Siences Ltd. and supported by the Innovative Medicines Initiative (IMI) and European Federation of Pharmaceutical Industries and Associations (EFPIA). Other iPSC banks include RIKEN BioResource Center in Japan and INGESTEM in France. Companies such as Axiogenesis, Axol Bioscience, and ReproCELL are specialized in product development and hold expertise in iPSCs. Such increasing government support and increasing application of iPSCs in more disease segments would boost the overall induced pluripotent stem cells market globally.
Cellular Dynamics International (CDI), Cynata Therapeutics, RIKEN, and Astellas (earlier Ocata Therapeutics) are some of the leading players in the induced pluripotent stem cells market. CDI stands out as the largest producer of iPSCs globally under brands iCell and MyCell. The company has thus supported various drug discovery, targeted drug delivery, toxicity testing, disease prediction, and other cellular research. CDI currently operates as a subsidiary of FUJIFILM Holdings Corporation post its acquisition in 2015.
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