06 July 1999 17:36 [Source: ICIS news]
LONDON (CNI)--Oxford BioMedica said Tuesday it has teamed up with Swiss company Modex Therapeutics to develop cell-based therapies that can be implanted into the body, the first of which will be a treatment for insulin dependent diabetes.
Modex will use the UK company's LentiVector gene delivery technology to develop the therapies in combination with its own proprietary encapsulated cell systems.
The therapeutic implants for diabetes will contain glucose responsive, insulin-producing beta cell lines, and could replace daily injections, Oxford BioMedica said. It estimates the global market for diabetes medications at over $2bn (Euro1.96bn) and expects it to grow at an annual rate of about 9%.
Modex is a private venture-funded biotechnology company which specialises in encapsulated cell-based therapies that can be implanted into the body to treat chronic disorders.
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