Houston, TX (PRWEB) October 23, 2009 — Stematix Inc., announced today it has signed an exclusive royalty-bearing license agreement, for the Latin American territory, to use an innovative process that rapidly grows a patients own adult stem cells to treat a variety of musculoskeletal diseases.
Stematix which is establishing international therapy clinics in public-private partnerships to provide near-term and approved stem cell treatments for hundreds of millions of patients that could potentially benefit.
Through its and its partners’ industry know-how and experience, Stematix has developed a suite of commercial products and solutions to help the stem cell research community and also global partners establish world-class stem cell therapy, banks and therapy clinics in a cost-effective and timely manner.
The licensed procedure has been developed by Regenerative Sciences, LLC, a Colorado-based company focused on developing a medical procedure for the treatment of chronic orthopedic conditions. Known under the name Regenexx™, the innovative outpatient procedure takes stem cells from an individual’s bone marrow, isolates mesenchymal stem cells (which can grow into bone, tendon, muscle, ligament and cartilage), cultures them in a solution containing unique elements from the individual’s own blood, and generates millions of stem cells over two to three weeks. These cells are then re-injected into the person’s joints or bones in an office procedure to assist in tissue healing and restoration of bone and cartilage. The Regenexx Procedure has helped many patients avoid more risky and costly surgical intervention.