Mar 9 2010
RepRegen™,
the ‘smart biomaterials’ company previously known as BioCeramic
Therapeutics, announced today that data from an in vitro study
has demonstrated that its patented Strontium-based bioactive
glass platform promotes osteoblast cell activity and proliferation. If in
vivo studies, which are currently underway, demonstrate similar
results, then RepRegen believes its platform has the potential to
significantly improve the repair and regeneration of hard-tissue, such
as bone. The in vitro study was presented yesterday in a science
session during the 56th Annual Meeting of the Orthopaedic Research
Society (ORS) by Matthew O’Donnell, Ph.D., R&D Manager for RepRegen.
“RepRegen’s business model is quite different from many medical
technology companies that rely exclusively on just one product”
The Company’s hard-tissue
platform is based on ‘smart’ bioceramics designed to be used,
initially, by orthopaedic product manufacturers and surgeons. A major
RepRegen materials science innovation is the use of Strontium, which
boosts the performance of the bioceramics. The in vitro study
demonstrated that Strontium has “a clear positive effect on bone cell
activity and mineralisation.” Strontium can be added to bioactive glass
in place of, and in combination with, Calcium, thereby improving
biological properties but “with minimal alteration of the physical
properties of the glass.”
“The addition of Strontium boosts the performance of our hard-tissue
platform,” explained Molly
Stevens, Ph.D., RepRegen’s Chief Scientific Officer. Dr. Stevens
also is Professor of Biomedical Materials and Regenerative Medicine and
Research Director for Biomedical Material Sciences at the Institute of
Biomedical Engineering and the Department of Materials, Imperial College
London. “Replacing broken or worn-out body parts are not new ideas, of
course. But our ‘smart’ biomaterials are designed to enhance the
cellular growth properties of tissue and also catalyze better and faster
healing,” added Dr. Stevens, who joined Imperial College London in 2004
after postdoctoral training in the field of tissue engineering with
Professor Robert Langer in the Chemical Engineering Department of the
Massachusetts Institute of Technology (MIT).
Bioceramics have been helping improve the quality of life for millions
of people over the past several decades. Now, London-based RepRegen, a
spin-out from the Imperial Innovations incubator at Imperial College
London, has developed ‘smart’ bioceramic materials with Strontium. This
invention has enabled the Company to develop novel products designed
with performance characteristics that yield competitive advantages.
“The first market to be targeted by RepRegen is orthopaedic. The global
market for the orthopaedic biomaterials sector was $4 billion in 2006
and is expected to more than double by 2012 to $8.8 billion. Of
particular interest to us is the fact that this sector, while huge, is
also fragmented, thus offering RepRegen many sales and out-licensing
opportunities based on various applications of our ‘smart biomaterials’
platforms,” said Ian
Brown, RepRegen’s CEO.
“RepRegen’s business model is quite different from many medical
technology companies that rely exclusively on just one product,” said
RepRegen’s Chairman, Dr.
Stephen Rietiker. “Companies like RepRegen that are fortunate
enough to have numerous product opportunities—in fact, RepRegen has two
platforms, one focused on hard-tissue such as bone and the other on
soft-tissue such as cartilage—have a choice between out-licensing or
sale of their technologies on the one hand, and taking a product to
market themselves on the other. Of course, some choose both options,
which is RepRegen’s strategy. This is an attractive business model,
similar to the drug discovery sector of Big Pharma, where early revenues
serve as commercial validation of product opportunities.”