The Abu Dhabi Stem Cells Centre (ADSCC) has signed an agreement with Israeli research company Pluristem Therapeutics to study and develop regenerative medicines, including those that can be used to fight the Covid-19 pandemic.
Under the accord, the companies will exchange results, share samples and transfer knowledge related to cell therapies for a broad range of medical conditions including the coronavirus, state news agency Wam reported on Monday.
"Pluristem have proven themselves to be formidable players in the stem cells field and we look forward to working together with great excitement," Yendry Ventura, general manager of ADSCC, said.
The pact was signed by the representatives from both companies during a ceremony held through videoconference on Monday.
Regenerative medicine develops products to replace or regenerate human cells, tissues and organs to restore normal functions. It allows scientists to grow tissue under controlled conditions in a laboratory and safely implant it in the human body when it is unable to heal itself.
Founded in March last year, ADSCC has been a driving force behind medical research in the country, including playing a key role in the ongoing fight against the Covid-19.
In June, it announced the results of a trial of its treatment for Covid-19 patients, branded UAECell19.
The centre's work has involved taking stem cells from a patient’s blood and returning them, via a nebuliser, as a fine mist to the lungs.
This helps to regenerate lung cells and improve the body's immune response by preventing an overreaction to the infection that can damage healthy cells.
“We see life science and regenerative medicine as a bridge for building peace, prosperity and wellbeing in our region and for the entire world,” Yaki Yanai, chief executive and president of Pluristem, said.
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Global state-owned investor ranking by size
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China
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Japan
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Norway
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Hydrogen: Market potential
Hydrogen has an estimated $11 trillion market potential, according to Bank of America Securities and is expected to generate $2.5tn in direct revenues and $11tn of indirect infrastructure by 2050 as its production increases six-fold.
"We believe we are reaching the point of harnessing the element that comprises 90 per cent of the universe, effectively and economically,” the bank said in a recent report.
Falling costs of renewable energy and electrolysers used in green hydrogen production is one of the main catalysts for the increasingly bullish sentiment over the element.
The cost of electrolysers used in green hydrogen production has halved over the last five years and will fall to 60 to 90 per cent by the end of the decade, acceding to Haim Israel, equity strategist at Merrill Lynch. A global focus on decarbonisation and sustainability is also a big driver in its development.
