ReNeuron and Cell Therapy Catapult collaborate on new cell manufacturing technologies
UK based ReNeuron Group (AIM: RENE.L) and the Cell Therapy Catapult, which is focused on the development of the UK cell therapy industry to increase the nation's health and wealth, have signed an agreement to work together on new cell therapy manufacturing technologies and assays.
The global commercial cell therapy industry was estimated to have an annual turnover of $1 billion in 2011 and is estimated to grow to $5 billion by 2014.
The Cell Therapy Catapult is a center of excellence for regenerative medicine established in 2012 to stimulate innovation in this area. The work is expected to be completed by the end of 2014 and will focus on ReNeuron's lead CTX stem cell line. This cell line is used in ReNeuron’s ReN001 therapy for stroke (currently in Phase I clinical development), and in its ReN009 therapy for critical limb ischemia, shortly to enter clinical development.
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