Here are three things to know:
1. Stempeucel will undergo Phase 3 clinical trials in India. It is expected to be available on the market by 2020.
2. The outlicensing deal consists of upfront payment, royalties and regulatory- and sales-based milestone payments. Alkem will gain exclusive marketing rights for Stempeucel for osteoarthritis use in India after the approval process is completed.
3. Allogeneic stem cell therapy dominates the global stem cells market, with a share of almost 63 percent compared to the 37 percent share of the autologous market. The stem cell therapy market is expected to grow rapidly in India.
More articles on biologics:
Osiris names interim CEO welcomes new board member: 3 insights
U.S. Stem Cell reveals the factors driving company growth: 4 insights
Royal Biologics reveals Amnio-Maxx: 4 notes
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.
