Re: MSB - Mesoblast
Now up 80% since I posted less than 2 months ago , this companys applications could indeeed become one of Australias greatest exports , each application is in a multi billion $ market ....here is yesterdays announcement................ Stem cells trial helps broken bonesBy Jeff Turnbull
August 06, 2008 02:22pm
A 36-YEAR-old man who suffered a badly broken leg that wouldn't heal is walking again without crutches after the successful trial of stem cells to repair non-healing bones.
A year after Anthony Giancola suffered a compound fracture of the leg in a motorcycle accident on New Year's Eve 2005, he was still unable to walk freely.
"I was 'egg shell walking' where I could only put light pressure on the ground," Mr Giancola said.
But within two weeks of being implanted with his own bone marrow stem cells from his pelvis in December 2006, the fracture was improving and he was able to attend a friend's wedding without crutches.
"There was no pain whatsoever and within two weeks I felt good," Mr Giancola said.
He was one of 10 patients with long bone leg injuries who took part in the trials at the Royal Melbourne Hospital.
Orthopaedic surgeon Richard de Steiger today said the success of the trials surprised him and paved the way for people who might otherwise undergo joint replacements to have stem cell implants instead.
"It paves the way for exciting new research for stem cell therapy we can do in Australia," Dr de Steiger said.
He said waiting lists could be cut with patients previously needing elective surgery becoming outpatients under the stem cell procedure, and recovering in half the time.
It could also help people in the early stages of arthritis, Dr de Steiger said.
Eight of the 10 trial patients had complete unions in their fractures, including one man whose fracture had not knitted properly since his accident almost four years ago.
Dr de Steiger said the completion of the trials was still three to five years away.
Biotech group Mesoblast Ltd has the worldwide licence to commercialise the adult stem cell technology for orthopaedic applications including the repair of bone fractures and the regeneration of cartilage at knee joints. ...........................Cheers Vin