Wednesday, May 31, 2006

Scientists Celebrate Stem Cell Business Success

Source: University of Newcastle upon Tyne
Posted: May 30, 2006

A team of British stem cell researchers, based at the University of Newcastle upon Tyne, has formed a partnership with a major American stem cell company which is going to invest £160,000 in their work andl bring them a step closer to developing new patient therapies.

The team will use the funding to advance research using stem cells obtained from babies' umbilical cords.

The team is working towards developing new therapies for patients with a range of liver ailments that could be used in hospitals within five years.

The University researchers are also due to help the American company, called BioE, to test and develop new products to improve the storage of cord blood.

Scientists believe this research could have major implications for treating human disease, and providing human tissues for drug development and testing, eliminating the risk of side effects from new drugs.

Commentary: Hopefully this collaboration will expedite the development of drugs, therapies and treatments for diseaase and conditions

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