Business Daily from THE HINDU group of publications Tuesday, Jan 30, 2007 ePaper |
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Industry & Economy
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Health States - Karnataka Five-city debate to finalise stem cell norms Our Bureau
The domestic market is estimated at $540 million (around Rs 2430 crore) and growing at 15 per cent yearly
An independent regulator for stem cells is also being considered on the lines of the UK Human Fertilisation and Embryology Authority, he said. Indian Council of Medical Research and the Department of Biotechnology have put together the tentative guidelines being applied now. The plan is to have the formal guidelines ready for adoption by June this year, Dr Balasubramanian said. The debate for scientific feedback will be held in New Delhi, Mumbai, Bangalore, Hyderabad and Chennai or Pune.
MULTI-CENTRE TRIALS
Currently, 15 centres in the country, including private sector players like Manipal Health Systems and Reliance Life Sciences, are involved in different kinds of stem cell research. A formal set of norms will standardise and streamline these activities, said Dr Balasubramanian, who is the Director of Research, L.V.Prasad Eye Institute at Hyderabad, and Dr Alok Srivastava, Project Director, Centre for Stem Cell Research, Vellore, earlier told a news conference here on Monday. They were speaking at the opening of the first international scientific meet on stem cells organised by SCRFI. The Vellore centre at the Christian Medical College has just been sanctioned the first DBT grant of Rs 20-25 crore. It will be the nodal centre to monitor the first multi-centre trials for myocardial infarction using umbilical cord blood stem cells that are to begin soon, Dr Srivastava told Business Line. The trials, the first under DBT vigil, will be conducted at CMC, two army hospitals, PGI Chandigarh, and the Sanjay Gandhi PG Institute, Lucknow, and will be the largest, with a patient base of 300, Dr Srivastava said.
Qualified personnel
According to them, development of qualified personnel for stem cell related activities was another area of concern. Dr Satish Totey, Director of Manipal institute of Regenerative Medicine and Secretary of SCRFI, said stem cells have been used to restore cases of spinal cord injury, myocardial infarction (heart attack), leg ischemia, diabetes, Parkinson's disease and cure blindness. Still in infancy, the domestic market is estimated at $540 million (around Rs 2430 crore) and growing at 15 per cent yearly. India and China are believed to become key players. A Frost & Sullivan study puts the global market for stem cell therapies at $20 billion by 2010, with adult stem cell therapy dominating over embryonic and cord blood cells. Over 350 scientists from public and private stem cell labs and pharma industry are attending the four-day conference.
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