Arteriocyte announced today that the company will receive $800,000 for their Cellular Therapy for Battlefield Wounds project from the 2008 Defense Appropriations bill the President signed into law November 13, 2007. U.S. Representative Stephanie Tubbs Jones and Senator Sherrod Brown championed the effort to secure the funding.
Wound healing and cardiovascular care are top priorities within the military because tissue damage occurs in an estimated 80% of combat casualties. The Arteriocyte Cellular Therapy for Battlefield Wounds project responds to this need by utilizing a patient’s own stem cells to improve blood flow in damaged tissues and accelerate healing.
“This project will help improve the medical care and surgical outcomes for our soldiers on the front lines of the Iraq War,” Representative Stephanie Tubbs Jones said. “Arteriocyte’s advanced cellular therapy program for re-establishing normal blood flow to damaged tissues represents a major improvement in the care of soldiers and patients in our health care system with tissue injuries.”
“Arteriocyte’s advancements in this vital area of research and development are not only important for the health of our soldiers, they are also important to the health of our economy,” said Senator Sherrod Brown. “As a leading biotech employer in Northeast Ohio, I am pleased to support Arteriocyte and other leading life-sciences companies in their efforts to advance medical innovation that will foster economic growth for Ohio.”
Arteriocyte was launched 4 years ago based on technology developed at Case Western Reserve University and University Hospital’s Case Medical Center through the National Center for Regenerative Medicine and in collaboration with four leading universities, including Johns Hopkins University, Stanford, and the University of Minnesota.
Illustration: Sgt. Auralie Suarez and Pvt. Brett Mansink take cover during a firefight with guerilla forces in the Al Doura section of Baghdad on the 7th of March. The soldiers are from Company C, 5th Battalion, 20th Infantry Regiment, 3rd Brigade Combat Team, 2nd Infantry Division. –Wikipedia.
News & Observer (11/29/07)
Business Wire (11/29/07)
FDA News (11/30/07)