Xconomy: NY Stem Cell Foundation Grows, Eyes Forming Big Apple Bio Incubator
Summary
NY Stem Cell Foundation Grows, Eyes Forming Big Apple Bio Incubator (Page 2 of 2) announced plans to redevelop a 14-story city-owned building on the lower east side of Manhattan into a bioscience research center with more than 100,000 square feet of lab space.The federal funding wasn’t there for stem cell research in the mid 2000s, however, and rather than try to appeal to voters the way the California Institute for Regenerative Medicine (CIRM) did via Proposition 71 to land $3 billion in bonds, Solomon used something New York has in spades—philanthropic money.But it’s not nimble, it’s not entrepreneurial, and it’s not going to take big risks.” Solomon says, for instance, that the NYSCF plowed ahead with some ideas that many senior folks in biotech and pharma thought were “crazy to do”—like a method of using stem cells to prevent mitochondrial diseases, work done in tandem with Columbia University scientists that was published in Nature in 2012 (see this profile in the New York Times for more).The organization also does a lot of work into neurodegenerative diseases like ALS, Parkinson’s, autism, and schizophrenia, as well as autoimmune disorders (multiple sclerosis), diabetes, and bone and tissue repair.Solomon mentioned in-house efforts to use stem cells to create “personalized bones,” or help address the overactive immune response in disorders like type 1 diabetes.
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