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Fundraisings and IPOs

Date: 2013-07-31

Type of information: Grant

Company: Videregen Cell (UK)Therapy Catapult (UK) NHS Blood and Transplant (UK) Royal Free London NHS Foundation Trust (UK) University College London (UK)

Investors: Technology Strategy Board (UK)

Amount: £2million (€2.3 million)

Funding type: award

Planned used:

The consortium will use the funds to progress a promising clinical prototype through a rigorous development process and early clinical trials for the treatment of severe structural airway disease (SSAD). SSAD is associated with significant airway obstruction leading to high levels of morbidity and a 50% mortality rate if not treated successfully. Current treatment involves surgery which has a high incidence of failure and lack of efficacy. In contrast, this tracheal replacement approach, which involves repopulating an acellular trachea \'scaffold\' with the patient\'s own stem cells and epithelial cells, has the potential to be a one-off treatment without the need for a lifetime of anti-rejection drugs thereafter.

Others:

* On July 31, 2013,  a tracheal replacement project, led by Videregen Ltd and involving a team of UK experts, has been awarded almost £2m by the UK Technology Strategy Board under its Regenerative Medicine and Cell Therapy competition. As well as Videregen as the commercial partner, the consortium includes the Cell Therapy Catapult as clinical trial sponsor (plus for regulatory pathway expertise), NHS Blood and Transplant (for tissue sourcing and scaffold processing), the Royal Free London NHS Foundation Trust and UCL (University College London; for clinical tissue engineering and the lead clinical investigator). Other organisations, such as UCL Business, the technology transfer arm of UCL, will be supporting the consortium. Key activities for the team include optimising process development and GMP manufacturing, liaising with the regulatory agencies, conduct of clinical trials and generation of health economic data.

Therapeutic area: Regenerative medicine - Respiratory diseases

Is general: Yes