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Rise in the number of approvals partnerships relating to stem cell therapy
The market is anticipated to experience growth driven by an increase in approvals and partnerships related to stem cell therapy. For instance, in March 2021, Vertex Pharmaceuticals obtained FDA fast-track designation for VX-880, a human stem cell-derived therapy intended for patients with Type 1 diabetes. VX-880 represents a pioneering allogeneic, fully differentiated islet cell therapy aimed at regulating glucose levels by reinstating pancreatic islet cell function, including insulin production.
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