The trial was approved by the FDA and was getting ready to launch when Covid hit. This shut it down, then the trial sponsor, StemCyte, backed out. Wise then found new sources of umbilical cord blood, and submitted a new IND to the FDA. Because we are using a new sources of cells, must prove the cells are safe. This means conducting an animal study that will cost over a million. About 5 years ago, Wise started a company to collect umbilical cord blood to use for sci and other disorders. Mononuclear Therapeutics is the new sponsor f the trial. Wise will use the profits to fund trials. He is working hard to raise the 20+
million for the trial.
million for the trial.
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