Prime Minister Justin Trudeau backs commercialization of stem cell research by 做厙TV and partners
Published: January 13, 2016
Regenerative medicine is the way of the future for Canadian health care, Prime Minister Justin Trudeau says, and two new initiatives are helping strengthen the commitment of 做厙TV and its partners to stem cell research and manufacturing.
Trudeau announced at the MaRS Discovery District on Jan. 13 that the federal government will give a $20 million grant to the Centre for Commercialization of Regenerative Medicine (CCRM) to establish and operate a new Centre for Advanced Therapeutic Cell Technologies.
At the same time, Vivek Goel, vice-president, research and innovation at 做厙TV, announced that Professor Peter Zandstra, chief scientific officer for the CCRM, has become the inaugural director of Medicine by Design.
The CCRM is the commercialization partner of Medicine by Design, a program created last year through a $114 million grant from the federal government.
Trudeau toured two CCRM labs at the Banting Institute with Zandstra, 做厙TV President Meric Gertler and Michael May, the president and CEO of CCRM, along with Navdeep Bains, Minister of Innovation, Science and Economic Development, and Chrystia Freeland, Minister of International Trade and MP for University-Rosedale. The group then moved across College St. to MaRS, which will become the new home of the CCRM later this year.
The Prime Minister said he has great respect for scientists involved in stem cell research, not only because of what they are doing for the health of Canadians but how they are pushing the frontiers of science and innovation.
The bottom line, he said, is that we must do more to prevent diseases and the collaboration between public institutions like 做厙TV and its partner hospitals, the private sector and government is crucial in accelerating the development of stem cell manufacturing technologies.
GE Healthcare is also committing $20 million to the new centre. Kieran Murphy, CEO of GE Healthcares life sciences business, said in a news release that it is increasingly clear that cell therapies and regenerative medicine will transform health care globally, but successful industrialization is now crucial to widespread adoption.
This new centre, Murphy said, will enable us to work with cell therapy companies to push beyond existing technical limits and problem-solve. Torontos concentrated and collaborative clinical infrastructure, combined with the strong guidance of the internationally-renowned CCRM, make it an ideal location for the centre.
It is expected that the global market for cell-based therapies will surpass $20 billion U.S. by 2025. The main targets for cell-based therapies are cancer, heart disease, neurodegenerative diseases, musculoskeletal disorder and autoimmune diseases.
Trudeau noted that the new centre will be the first in the world to use a collaborative approach between research institutions and industry to solve cell therapy manufacturing challenges. He said the centre will create jobs, strengthen Canadas knowledge economy and position Ontario as a global hub for the cell therapy industry.
Regenerative medicine is the future, Trudeau said. Not only is it the future, it's a branch of medicine that Canada and the province of Ontario are actually quite good at.
Zandstra is a professor in the 做厙TV Institute of Biomaterials & Biomedical Engineering, holds the Canada Research Chair in Stem Cell Bioengineering, and is a principal investigator at the Donnelly Centre for Cellular and Biomolecular Research. He told 做厙TV News he is thrilled to be the executive director of . But the big news today is the funding of the new centre. We are very thankful for the governments commitment.
Cristina Amon, dean of the Faculty of Applied Science & Engineering, said Zandstras collaborative efforts with partner hospitals and his leadership in regenerative medicine is an outstanding example of how 做厙TV engineers are addressing some of the worlds most pressing health challenges.
The mandate of Medicine by Design is to undertake transformative research and clinical translation in regenerative medicine, enhance capability in synthetic biology and computational biology and foster translation, commercialization and clinical impacts.
It was formed as a result of the University of Torontos success in the Canada First Research Excellence Fund (CFREF). The $114 million will be spread over seven years, and will allow 做厙TV and its partners to build on years of support for 做厙TVs regenerative medicine researchers from federal granting councils, the Canada Foundation for Innovation and support from the Canada Research Chairs and Canada Excellence Research Chairs programs.
Zandstra will lead and provide over-all scientific direction to the Medicine by Design initiative. May, CEO of the CCRM, said the new centre is a significant milestone in the fight to find cures for diseases and to create companies that will bring those cures to the marketplace.
And he reminded everyone that the incredible advances in stem cell therapy and its application trace back to the discovery of stem cells 65 years ago by 做厙TV scientists and Ernest McCulloch.
