PALM BEACH, Florida, March 28, 2017 /PRNewswire/ --
The Global Regenerative Medicine Market is expected to observe the highest growth coming from the Tissue Engineering segment. By technology type, biomaterial segment currently holds the largest market share of global regenerative medicine market. However, Tissue Engineering segment is anticipated to be the fastest growing segment over the forecast period. In terms of value, the tissue engineering segment market is expected to expand at an outstanding CAGR of 17.5% over the forecast period of 2015-2019, to reach a market value of about US$ 1,070 Mn by 2019. Biotech companies in the news this week with developments of note or market performances include: RepliCel Life Sciences Inc. (OTC: REPCF)(TSXV: RP.V), Impax Laboratories, Inc. (NASDAQ: IPXL), Idera Pharmaceuticals, Inc. (NASDAQ: IDRA), Aevi Genomic Medicine, Inc. (NASDAQ: GNMX), U.S. Stem Cell, Inc. (OTC: USRM)
RepliCel Life Sciences Inc. (OTCQB: REPCF)(TSX-V: RP) is pleased to report compelling safety and clinical data from its phase 1/2 tendon repair study investigating the use of RepliCel's type 1 collagen-expressing, hair follicle-derived fibroblasts (RCT-01) as a treatment for Achilles tendinosis. The clinical trial met its goal of establishing a complete safety profile at 6 months and showed no serious adverse events related to the study treatment or injection procedure.
Additionally, each of the treated participants, all of whom suffered chronic tendon pain and loss of function over an extended period of time with no recovery from standard treatments, showed numerous clinically important improvements by various measures including tendon composition, blood supply, physical function and pain sensation. Read this in its entirety and more news for RepliCel Life Sciences at: http://marketnewsupdates.com/news/repcf.html
"Chronic tendinosis is a state of tendon degeneration that is very difficult to reverse as is borne out by the many therapies and modalities that are used to try and treat it," stated Dr. Ross Davidson, an orthopedic surgeon, former clinical professor at the Department of Orthopaedics at the University of British Columbia, and past head physician and orthopaedic consultant for the Vancouver Canucks (of the National Hockey League (NHL)). "This study shows exciting clinical improvements in patients with clinically diagnosed chronic Achilles tendinosis who were unresponsive to standard treatments, and who had suffered for many months (in some cases, years) with frequent pain and loss of function. Not only did the study show several clinically important improvements in pain and function scores, but several ultrasound measures clearly demonstrate a marked improvement in tendon structure; something rarely seen in patients with this condition," said Davidson.
In other biomedicine/biotech news and developments:
Impax Laboratories, Inc. (NASDAQ: IPXL) closed up over 37% on Monday at $12.70 trading over 12.2 Million shares by the market close. Impax Laboratories, Inc. yesterday announced that its Board of Directors has appointed Paul M. Bisaro as Impax's President and Chief Executive Officer and a member of the Company's Board, effective March 27, 2017. Mr. Bisaro will succeed J. Kevin Buchi, who has served as Interim President and Chief Executive Officer since December of 2016. With 25 years of generic and branded pharmaceutical experience, Mr. Bisaro, 56, is an accomplished global business leader who brings a successful record of leading operational execution and corporate transformation, resulting in company growth.
Idera Pharmaceuticals, Inc. (NASDAQ: IDRA) closed up on MOnday at $2.55 trading over 5 Million shares by the market close. Idera Pharmaceuticals, Inc., a clinical-stage biopharmaceutical company, focuses on the discovery, development, and commercialization of oligonucleotide therapeutics for oncology and rare diseases in the United States.
Aevi Genomic Medicine, Inc. (NASDAQ: GNMX) closed up over 15% on MOnday at $1.85 trading over 2.2 Million shares by the market close. Aevi Genomic Medicine, Inc. last week announced top-line results from the SAGA trial of AEVI-001 (oral non-stimulant) in adolescents with mGluR mutation positive (mGluR+) ADHD. AEVI-001 represents a novel paradigm of genomic diagnosis and treatment in neuropsychiatric disorders. The mGluR predictive biomarker enabled study of AEVI-001 in an adolescent ADHD sub-population with genetic mutations that disrupt the mGluR network and result in glutamate imbalance.
U.S. Stem Cell, Inc. (OTCQB: USRM) closed up over 25% on MOnday trading over 35.5 Million shares by the market close. U.S. Stem Cell announced earlier this month the following results from operations for the year ending December 31, 2016. "U.S. Stem Cell, Inc. continues to increase revenue, decrease liabilities, and decrease operating expenses," said Mike Tomás, President and CEO of U.S. Stem Cell, Inc. "As a world leader in stem cell research and development for degenerative conditions, we are excited about the industry's future and dedicated to making a positive impact in our patients' lives." Working with physician partners to offer over 30 protocols to patients, U.S. Stem Cell, Inc. is increasing business opportunities by expanding its services, treatments, and therapies both inside and outside the United States. Read the news in its entirety at finance.yahoo.com/news/u-stem-cell-releases-positive-210000866.html
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