Diabetes and Parkinson's reach new breakthroughs through Living Cell Technologies
Written by Alyssa Clark
Thriving in the Australian market since 2004, Living Cell Technologies has proved to not quite be fully understood yet in the American marketplace, and thus could make an outstanding investment opportunity for North American investors in 2014. Dedicating most of its work to unraveling the terrible pains of both Diabetes and Parkinson’s disease, this up-and-coming biotechnology company has yet to reach its peak— and your wallet is going to want to be there when it does.
Living Cell Technology currently has a market value of approximately $27 million, and is hard at work developing two of its new therapeutic drugs Diabecell and Ntcell (Diabecell treats Type 1 Diabetes and Ntcell is a regenerative therapy treatment for Parkinson’s disease, working to stimulate nerve regeneration and protects from cell death). With the markets for both of these drugs seeming to be exponential in the United States alone, this company has yet to fully put down roots in the states and capitalize on the highly-populated markets in our pharmaceutical industry. Not only in the U.S., but the global market for both of these illnesses is extremely large and is forcing customers to exceed normal limitations in order to obtain these much-anticipated drugs.
Last year, shares for Ntcell picked up drastically after it had been tried and approved to be inserted directly into the patient’s brain in an Auckland hospital. This trial was then approved by the Data Safety monitoring board and an additional three patients were given the procedure, with the Board’s full support. Ntcell has been steadily chugging along in the Auckland market, riding silently underneath the American pharma radar. The same is to be said for the equally as effective Diabecell which has been deemed safe and fit for reducing the amount of insulin a patient needs on a daily basis. This drug reduces the incidence of “unaware hypoglycemia”, without increasing HbA1c.
Both of Living Cell Technology’s drugs could solve this current demand for respective market cures, the question remains: why haven’t these drugs taken off in the U.S. yet?
The global Parkinson’s drug market alone is set to reach $34 billion by the year of 2016— which has opportunity written all over it for pharma giants like Novo Nordisk and Pfizer. Currently the world’s largest insulin producer, Novo has recently projected that the oral Diabetes drug market will be worth an estimated $18 billion by 2020. With the numbers and stakes to gain set this high, it’s no wonder why pharma giants are scrambling to climb over each other in an attempt to get their hands on this “easy” profit market as soon as possible. The bottom line of this insight: the successful development and distribution of an effective drug could and will provide substantial gains for shareholders and investors.
Skin Analytics wins NHSX award for AI skin cancer tool
An artificial intelligence-driven tool that identifies skin cancers has received an award from NHSX, the NHS England and Department of Health and Social Care's initiative to bring technology into the UK's national health system.
NHSX has granted the Artificial Intelligence in Health and Care Award to DERM, an AI solution that can identify 11 types of skin lesion.
Developed by Skin Analytics, DERM analyses images of skin lesions using algorithms. Within primary care, Skin Analytics will be used as an additional tool to help doctors with their decision making.
In secondary care, it enables AI telehealth hubs to support dermatologists with triage, directing patients to the right next step. This will help speed up diagnosis, and patients with benign skin lesions can be identified earlier, redirecting them away from dermatology departments that are at full capacity due to the COVID-19 backlog.
Cancer Research has called the impact of the pandemic on cancer services "devastating", with a 42% drop in the number of people starting cancer treatment after screening.
DERM is already in use at University Hospitals Birmingham and Mid and South Essex Health & Care Partnership, where it has led to a significant reduction in unnecessary referrals to hospital.
Now NHSX have granted it the Phase 4 AI in Health and Care Award, making DERM available to clinicians across the country. Overall this award makes £140 million available over four years to accelerate the use of artificial intelligence technologies which meet the aims of the NHS Long Term Plan.
Dr Lucy Thomas, Consultant Dermatologist at Chelsea & Westminster Hospital, said: “Skin Analytics’ receipt of this award is great news for the NHS and dermatology departments. It will allow us to gather real-world data to demonstrate the benefits of AI on patient pathways and workforce challenges.
"Like many services, dermatology has severe backlogs due to the COVID-19 pandemic. This award couldn't have come at a better time to aid recovery and give us more time with the patients most in need of our help.”