InShare2 Print This Post Numoda Life Sciences Investment Arm Collaborates With Stem Cell Technology Company

Philadephia, PA (PressExposure) July 17, 2012 -- The process, ultrasonic cavitation, requires 60 cc or 2 ounces of fat from subjects to produce hundreds of millions of adult stem cells, much less than the 200 cc that would be removed in a typical liposuction procedure, Dr. Steve Victor of IntelliCell said. Victor said its process significantly reduces research costs over the alternatives currently offered, including sourcing stem cells from bone marrow and enzymatic separation.

IntelliCell plans to license the technology to institutions seeking to use stem cells in their research.

The first indication IntelliCell will pursue is for lower back pain caused by a variety of illnesses, including osteoarthritis. Victor added that its potential applications go far beyond that.

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Numoda CEO Mary Schaheen said the company's clinical trial research technology will be used to collect and manage the research data.

Numoda's life sciences investment arm, Numoda Capital Innovations, is investing an undisclosed amount in IntelliCell, and has invested in life sciences companies for more than two years.

Last year, Numoda collaborated with the Cleveland Clinic's Neurological Institute in a venture to speed effective neurological drugs to market and quickly weed out those that don't work, while reducing drug development costs.

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Press Release Submitted On: July 17, 2012 at 5:27 am
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