Amgen makes 1st investment in regenerative medicine — 5 insights

Amgen is investing in Fortuna Fix, a Canadian stem cell company, according to Endpoints News.

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Here are five insights:

 

1. Amgen is leading the $25 million financing round.

 

2. The startup, Fortuna Fix, is striving to develop novel techniques for re-growing damaged neural tissue.

3. Fortuna Fix has re-engineered multipotent stem cells into neural stem cells.

 

4. The idea is providers can inject these cells into patients multiple times, creating a treatment processes for tissue regeneration.

 

5. This investment reflects Amgen’s first in the regenerative medicine space.

 

More articles on biologics:
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Stanford creates gel for neural stem cell regeneration: 6 things to know
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