Monday, June 4, 2012
Cell Ltd. closed on a $10 million inside round last month to strengthen
its hand in partnering discussions for StemEx ahead of this year's Phase III
data readout for hematological malignancies. The money also will be used to run
a Phase I/II study in sickle cell disease of a next-generation cord blood
product based on the company's expansion technology.
Roughly 60,000 patients with
leukemia or lymphoma are eligible for bone marrow transplantation in the U.S.
and Europe each year, but only 25,000 can find a fully matched donor. The
alternative is transplantation with umbilical cord blood (UCB), which is more
readily available but has a lower success rate and longer recovery time.