Oldsmar, Fla., July 22, /PRNewswire-FirstCall/ -- Cryo-Cell International, Inc. (OTC Bulletin Board: CCEL), one of the largest and most established leaders in stem cell innovation today announced a research and development collaboration agreement with nationally recognized wound specialist, Dr. Robert J. Snyder and the Snyder Wound Research Institute LLC in Tamarac, FL. The partnership will allow Dr. Snyder to conduct research studies using Cryo-Cell's proprietary C'elle menstrual stem cell (MenSC) technology. The goal of these collaborative efforts will be to identify and develop potential future therapeutic applications for chronic wound healing.
Chronic wounds such as a leg ulcer from a vein problem, a foot wound in a person with diabetes, or a bed sore, are wounds that have a biological or physiological reason for not healing. It is estimated that approximately 5.7 million patients in the U.S. currently suffer from chronic wounds at an estimated cost of $20 billion annually, representing a significant burden to the U.S. health care system including patients, practitioners and insurance carriers.
There are various types of chronic wounds and each has its own causes and treatments. There are, for example, approximately 20 million patients in this country with diabetes. It is estimated that approximately fifteen percent of these patients will develop an open sore, most commonly on the bottom of the foot, referred to as a diabetic foot ulcer. These wounds are particularly difficult to heal, impair the patient's quality of life and can lead to serious complications, such as amputations and higher mortality.
This collaborative partnership will support an exciting new area of research and development that will investigate the potential benefits of new ways to utilize menstrual blood stem cells in advanced therapeutic applications for wound m
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