Prime Minister Justin Trudeau backs commercialization of stem cell research by ��TV and partners

sgupta — Wed, 13 Jan 2016 14:30:39 +0000

Prime Minister Justin Trudeau backs commercialization of stem cell research by ��TV and partners sgupta Wed, 01/13/2016 - 09:30

Cutline

Professor Peter Zandstra, seen here with Prime Minister Justin Trudeau, ��TV President Meric Gertler and Minister of International Trade Chrystia Freeland, is the new executive director of Medicine By Design (all photos by Johnny Guatto)

Tyler Irving

Alan Christie with files from Tyler Irving

Alan Christie

Author legacy

Alan Christie, with files from Tyler Irving

Research & Innovation

Stem Cells

Medicine by Design

IBBME

Health

Faculty of Applied Science & Engineering

CCRM

Read more about Medicine by Design

Trudeau toured two CCRM labs at the Banting Institute with Zandstra, ��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 ��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 Healthcare’s 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. Toronto’s 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 Canada’s 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 ��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 ��TV News he is thrilled to be the executive director of Medicine by Design. “But the big news today is the funding of the new centre. We are very thankful” for the government’s commitment.

Cristina Amon, dean of the Faculty of Applied Science & Engineering, said Zandstra’s “collaborative efforts with partner hospitals and his leadership in regenerative medicine is an outstanding example of how ��TV engineers are addressing some of the world’s 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 Toronto’s success in the Canada First Research Excellence Fund (CFREF). The $114 million will be spread over seven years, and will allow ��TV and its partners to build on years of support for ��TV’s 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 ��TV scientists James Till and Ernest McCulloch.

See more photos from the tour

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Alan Christie with files from Tyler Irving

Prime Minister Justin Trudeau backs commercialization of stem cell research by ����TV and partners

Read more about Medicine by Design

See more photos from the tour

Prime Minister Justin Trudeau backs commercialization of stem cell research by ��TV and partners