Biotech funding in a cold climate
This article was originally published in Scrip
Yesterday was the 92nd anniversary of the signing of the armistice that brought the hostilities of the First World War formally to an end. Coincidentally, it also marked the re-emergence of the UK-based regenerative medicine company Intercytex, which announced that its lead product, the cell therapy Vavelta, is to be evaluated by the US military to help treat injured soldiers.
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The health care industry has come a long way in the past 35 years, although in some areas very little has changed. Recently retired In Vivo editor Peter Charlish has seen most of the major developments, and in his final feature, he looks back at some of the big stories in a reporting career that began in the early 1980s.
Less invasive transcatheter techniques will increasingly displace older, riskier open-heart procedures in the treatment of heart valve disease, according to a new Meddevicetracker report. By 2021, transcatheter systems will account for 76% of the global market for heart valve disease treatment products, with the US retaining its current dominant position in this sector.
The market for minimally invasive weight loss devices will reach more than $290 million by 2021, according to a new report from Informa’s Meddevicetracker. Issues relating to laparoscopic adjustable gastric banding systems will result in a greater emphasis being placed on intragastric balloons, which will grow at twice the segment average.