1. Latest News
  2. Submit Press Release
  1. PR Home
  2. Latest News
  3. Feeds
  4. Alerts
  5. Submit Free Press Release
  6. Journalist Account
  7. PRNewswire Distribution

GEN Reports on Growth of Tissue Engineering Revenues

More than half (52%) of the companies comprising the tissue engineering (TE) and stem cell industries are revenue-generating, compared to about 21% four years ago, reports Genetic Engineering & Biotechnology News (GEN).

 
 
GEN
GEN
PRLog - Jul. 10, 2012 - NEW ROCHELLE, N.Y. -- Contact: John Sterling, Ph. 914-740-2196, jsterling@genengnews.com

GEN Reports on Growth of Tissue Engineering Revenues

New Rochelle, NY—More than half (52%) of the companies comprising the tissue engineering (TE) and stem cell industries are revenue-generating, compared to about 21% four years ago, reports Genetic Engineering & Biotechnology News (GEN) (http://www.genengnews.com). Of those companies, 31% have commercial products and 21% are service-based; another 30% have products in clinical trials, according to the current issue of GEN (http://www.genengnews.com/gen-articles/b-tissue-engineering-b-revenues-rise/4155).

The GEN article is based on interviews with leading tissue engineering researchers and on the findings of a landmark paper (“Progress in the Tissue Engineering and Stem Cell Industry, Are we there yet”), (http://online.liebertpub.com/doi/full/10.1089/ten.teb.201...) which appears in Tissue Engineering: Part B, Volume 18, Number 3, 2012, published by Mary Ann Liebert, Inc.

“Like many other biotechnologies, tissue engineering has experienced an up and down history,” said John Sterling, Editor in Chief of GEN. “But with numerous technical advances moving the field forward combined now with rising revenues, this segment of bioresearch is really taking off.”

The industry itself is beginning to attain profitability, with sales revenues reaching $3.5 billion and industry spending approaching $3.6 billion. The 2012 analysis by a group led by Robert Langer, Sc.D., one of the authors of the paper in the Liebert journal, reported a nearly threefold increase in commercial sales for TE and stem cell products and services compared to the previous four-year period. Furthermore, the number of companies selling products or offering services increased more than twofold to 106.

The GEN article also notes that Tissue Engineering has formed an industry council for the purpose of helping to guide the evolution of the industry and to create strategic initiatives aimed at overcoming some of the R&D, manufacturing, and regulatory challenges facing the industry.

Among the companies interviewed for the GEN article are Organogenesis, Cytograft Tissue Engineering, Scintellix, and Humacyte.

For a copy of the July issue of GEN, please call (914) 740-2146, or email: pbartell@genengnews.com

Genetic Engineering and Biotechnology News (http://www.genengnews.com), which is published 21 times a year by Mary Ann Liebert, Inc. (http://www.liebertpub.com), is the most widely read biotechnology news magazine worldwide. It includes articles on Drug Discovery, Bioprocessing, OMICS, Biobusiness, and Translational Medicine.

Photo:
http://www.prlog.org/11920739/1

--- End ---

Click to Share

Contact Email:
***@liebertpub.com Email Verified
Source:Mary Ann Liebert, Inc., publishers
Phone:914-740-2100
Zip:10801
City/Town:New Rochelle - New York - United States
Industry:Biotech, Business
Tags:gen, biotechnology, tissue engineering, stem cells
Shortcut:prlog.org/11920739
Disclaimer:   Issuers of the press releases are solely responsible for the content of their press releases. PRLog can't be held liable for the content posted by others.   Report Abuse

Latest Press Releases By “

More...

Trending News...



  1. SiteMap
  2. Privacy Policy
  3. Terms of Service
  4. Copyright Notice
  5. About
  6. Advertise
Like PRLog?
9K2K1K
Click to Share