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New deals in Spain and Greece help stem cell specialist expand.

THE international expansion plans of a Daresbury-based stem cell technology firm have been boosted with two more overseas agency deals.

Its partnership deals with Sevibe Cells, in Barcelona, and Procell, in Athens, follow a similar deal last November with a partner in Jordan.

The Daresbury Science & Innovation Park-based firm harvests stem cells from baby milk teeth that can be used later to tackle possible disorders such as Parkinsons and Alzheimer's that run in donors' families by growing new nerve tissue from the cells.

Sevibe and Procell will collect milk teeth and forward them to BioEden for storage.

Jim Curtis, BioEden managing director, said: "The significance of these new European relationships is emphasised by the value of the markets.

"More than 15% of live births collect stem cells from umbilical cord blood in Spain and Greece.

"In the UK, the figure remains at well below 1%."

"The market potential is huge, with children losing their teeth naturally every day."
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Title Annotation:Business
Publication:Daily Post (Liverpool, England)
Date:Jan 11, 2010
Words:158
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