发新话题
打印

[讨论] Advanced Cell Technology going broke

Advanced Cell Technology going broke

News reports today say that embryonic-stem cell company Advanced Cell Technology is running out of money and won't be able to keep up its operations past the end of the month. The company is well known for its efforts to clone human embryonic stem cells and also for its efforts use embryonic stem cells to treat blindness.

Here’s the story as first reported in the Boston Globe.

Though often accused of hype, ACT has been considered one of the leaders in bringing embryonic-stem cell derived cells to the clinic. In April this year, it was one of only three companies asked to testify to the FDA about ways to safely test embryonic-stem-cell products in patients. (See my account of the questions raised and an overview from that meeting.)


It’s been a long, tough slog for stem cell companies. Just weeks after the FDA meeting, another forerunner, Geron, announced that the FDA had ruled that the company could not go ahead with a clinical trial to test its cells in spinal cord injury. ( See Embryonic stem-cell trial put on hold.) Last year, another company, ES Cell International in Singapore, announced that it would no longer pursue using ES cells to create therapies (See Funding crunch forces stem cell company to abandon therapies ). Instead, it plans to seek to generate income by using ES cells for drug screening, a strategy being pursued by several other companies (See New tools for drug screening.)

It’s common for novel sorts of therapies on the way to the clinic. Both antibodies and solid-organ transplants took decades working the bugs out of the technology before their use as treatments became commonplace (See The road ahead for regenerative medicine with Harvard’s Ken Chien ). Interestingly, both antibodies and organ transplants were plagued by wayward immune responses; patients died when their bodies tried to fight off the treatments. That’s also a chief concern for cell therapies.

TOP

可怜的ACT公司!可怜的Lanza!

一个创造了许多ES领域领先记录的公司就此作古,实在让人有些心寒!

当然,ACT的关门和iPS不无关系,这是否意味着核移植来源的ES正在面临着其他方式(iPS)所带来的前所未有的冲击呢??

TOP

What got funded: statistics on California’s new stem cell line grants

The California scientists most likely to receive state grants for making new cell lines were those who proposed comparing embryonic stem cell lines and induced pluripotent stem (iPS) cell lines. Overall, thirty-two percent of all grant applications (16 of 50) were funded. Four of the five grants that proposed comparisons got funds. The unfunded grant application crossed into less favored categories, as it also proposed making lines from parthenotes and through nuclear transfer. None of the grant applications that sought to make cell lines using human oocytes were funded. Two proposed cloning through nuclear transfer, one proposed stimulating unfertilized eggs to divide into parthenotes, and one application proposed using both methods.

Success rates for grants proposing the derivation of only ES or only iPS cells were each 33%, but there were twice as many grants for iPS cells. That’s astounding considering that the grant program was announced in October 2007, a month before the first publications that human cells could be successfully reprogrammed.

Four proposals to make pluripotent lines using cells derived from the placenta, testes, or amniotic fluid were rejected. But a proposal to make spermatagonial stem cells, ES cells, and iPS cells was funded and highly praised, with reviewers particularly keen to see a comparison of iPS and spermatagonial stem cells from the same individual.


Three proposals to derive lines from biopsied or unviable embryos were turned down on the basis that the work was technically difficult and that any lines produced would be at best comparable to lines derived from leftover embryos obtained from IVF clinics.

Of the 50 grant applications received, 12 were from for-profit companies (See CIRM press release in February). However, all 16 grants awarded went to academic institutions.

For some of the rejected grant applications, reviewers objected that the proposed lines were not sufficiently distinct from lines that already exist. Overall, the reviewers seemed particularly concerned that every approved grant would result in a cell line that might have clinical applications. This applied not just to the embryonic stem (ES) cell and somatic cell nuclear transfer (SCNT) grants, which aren’t eligible for federal funding, but also to the iPS grants, which are. For example, reviewers doubted that attempts to reprogram neurons would be successful and thought that even if attempts to reprogram cancer cells did work, such cell lines could not be used clinically; consequently, grants proposing these experiments were not funded. For SCNT applications, reviewers worried that researchers couldn’t get enough oocytes.

No joy for SCNT

Perhaps most vocally disappointed was Kenneth Woolcott of Cascade Therapeutics, a company co-founded by Shoukhrat Mitalipov, who successfully cloned embryonic stem cells from monkeys through nuclear transfer. Though Mitalipov works in Oregon, the company was established in California largely in hopes of capturing CIRM grants. One reason the reviewers cited for rejecting the grant was the difficulty of getting enough eggs for experiments, since the ratio of established stem cell lines to oocytes used was around 0.3%. Woolcott says the grant reviewers got the facts wrong because the reported efficiency is 0.67%. (According to their publication, the team needed 304 eggs to make two stem cell lines (0.67%); however, one was genetically abnormal, so the efficiency would be 0.33% if only the normal line was considered). But Woolcott adds that the current efficiency, based on unpublished work, is over 3%, and he discounts reviewers’ concerns that Mitalipov would have trouble getting to San Diego when human eggs were collected. (See Nature Reports coverage of this breakthrough as well as comments from scientists who reviewed the paper. )

Woolcott accused CIRM of moving the goal posts in the middle of the game. “Dr. Trounson [CIRM’s president] said he was concerned about the access to oocytes, and they weren’t going to do any SCNT funding at this time until they worked out the oocyte issue.” (This is covered extensively in the June 30 blog on the California Stem Cell Report.)

Another rejected grant proposing SCNT is most likely from Stemagen, which previously reported cloning a human blastocyst in the peer-reviewed journal Stem Cells.The reviewers were also worried about the access to oocytes in this case, and had additional concerns about the techniques proposed for creating and growing embryos. (See our free blog post which includes description and link to a Nature News story that requires a subscription.)

Also called therapeutic cloning, SCNT involves inserting the nucleus from one cell into an egg from which the nucleus has been removed. Then the egg is stimulated to grow into a blastocyst, which would be destroyed to collect the innermost cells from which embryonic stem cells can be derived. Though harvesting these inner cells is the typical way of creating embryonic stem cells, it hasn’t worked yet for SCNT in humans, a failure blamed on an insufficient number of eggs for the attempts required to generate healthy blastocysts.

The advantage of SCNT would be that the cells would be compatible with the cell donor, and that stem cell lines from people with specific diseases could be studied. Induced pluripotent stem cells promise similar advantages from a skin biopsy, but it's still unclear what the differences between iPS and ES cells are, or whether those differences matter, and researchers are eager to study cell lines produced from both methods side by side.

Egg hunt
That’s likely to fuel the debate over what incentives CIRM can or should offer to encourage women to give their eggs for research. Compensating egg donors is federally barred in the US and particularly forbidden to CIRM grantees.

This shortage has been sufficiently pronounced to merit a news article in Nature when a woman volunteered to offer her eggs to Harvard researchers so they could try to create embryonic stem cells through nuclear transfer.

The recent Nature news article covered it well. If you don’t have a subscription, you can’t read the entire article, but here are relevant paragraphs. I’ll put some more links at the end.

“The US National Academy of Sciences (NAS) guidelines barring compensation were set in part to protect poor people from being exploited by labs that might offer large sums of money — along the lines of rules barring compensation for organ donation. But Alta Charo, a lawyer and bioethicist at the University of Wisconsin Law School in Madison, who liaised with the NAS committee that set donor-compensation guidelines in 2005, says the move was as much political as ethical. In California, supporters of Proposition 71, which allows funding for stem-cell and cloning research in the absence of federal funding, adopted compensation prohibition in part, Charo claims, “to assuage a fringe group of the women's movement” that was aligned against the assisted-reproduction community.
The NAS guidelines followed the lead taken by California and some countries to ensure that stem cells could easily cross state and international borders. The United Kingdom, however, essentially changed the rules two years ago. In 2006, Alison Murdoch of Newcastle University received approval for a plan to allow couples to defray the costs of fertility treatments if they are willing to share some eggs for research purposes. This could create disparity in the quality of care available to people who don’t have the money to undergo fertility treatments, says Charo, but it could also provide access to such treatments for more people. Murdoch has so far collected more than 100 eggs in this fashion.
Wood says that this egg-sharing workaround presents a problem; the eggs being used for research are from older individuals, presumably with fertility problems. Using eggs donated by women aged 20–24, he has reportedly achieved cloning success rates near 25%.
And there are ethical concerns. Marcy Darnovsky of the Center for Genetics and Society in Oakland, California, says that such schemes split the doctor’s duty of care three ways: between donor, fertility patient and researchers. And the focus on compensation, she says, distracts from concerns about risks from this one research avenue when other avenues seem open.”
The promised links:
An overview in the New England Journal of Medicine.

“The New Push for Eggs” by Jesse Reynolds, of the Center for Genetics and Society, which objects to cloning and believes the risks of egg-harvesting procedures are grossly under-reported. He also analyzes results of this round of CIRM grants. See also an earlier article on Egg extraction for stem cell research )

Charis Thompson of the University of California Berkeley says women who provide eggs are providing a service and should get paid. See her article in Regenerative Medicine.

Deborah Spar from Harvard on “The Egg Trade” in the New England Journal of Medicine. , also summarized and analyzed in a post by the bioethics blog that concludes “Spar’s proposals to understand and mitigate the risks of egg donation, insure that all consent to donation is informed, and have a serious debate on whether any women should be allowed to sell eggs are all sensible, but don’t look for any progress anytime soon.”

Some additional statistics
I went through the grant descriptions provided by CIRM to tally these.
For iPS: 24 grant applications, 8 funded.
For ESC: 12 applications, 4 funded. None of the 3 grants proposing SCNT were funded.
For comparing iPS, ES and other lines: 5 applications, 4 funded.
For other sources, including unfertilized eggs: 6 applications, none funded.
For using nonviable embryos or embryo biopsies, 3 applications, none funded.

If anyone wants to see my Excel spreadsheets tallying whether a grant was for ES, iPS, something else, or a combination, let me know and I’ll email it to you. Just let me know if you find a mistake or something interesting.

TOP

SCNT VS. iPS !!!

Who is the winner ?

Look  and get it !

TOP

but it's still unclear what the differences between iPS and ES cells are, or whether those differences matter, and researchers are eager to study cell lines produced from both methods side by side.

very interesting....

TOP

iPS细胞的标准似乎还没有制定出来!

但是它已经成为这个领域无可争辩的明星,ISSCR上个月的会议就“标准”作了大量的讨论,最终还是没有确定。

可喜的是,在这群人之中出现了中国科学家的身影——“Yu Junying"!

TOP

Some additional statistics
I went through the grant descriptions provided by CIRM to tally these.
For iPS: 24 grant applications, 8 funded.
For ESC: 12 applications, 4 funded. None of the 3 grants proposing SCNT were funded.
For comparing iPS, ES and other lines: 5 applications, 4 funded.
For other sources, including unfertilized eggs: 6 applications, none funded.
For using nonviable embryos or embryo biopsies, 3 applications, none funded.

从资助的角度上看,似乎已经开始偏向于iPS了!

回想一下10年前,当人们刚得到hES时的情景吧!

历史总是惊人的相似!

TOP

也许ACT的倒闭也因为政府对ES研究需要破坏胚胎等伦理方面的质疑!

而且,目前全世界卵细胞的来源的确让人"焦虑"!

卵细胞的缺乏,也是促成以核移植技术为主导的ACT公司倒闭的诱因之一!

TOP

The announcement last week of Advanced Cell Technology's imminent closure is evidence that embryonic stem cell technology may be too nascent for fruitful biotech innovation, according to some industry analysts.

For the past 10 years Advanced Cell Technology (ACT) has been a spotlight company for endeavors in embryonic stem cell research and cloning. But in a Securities and Exchange Commission filing last Tuesday (July 15), the company said it was out of money and would likely be closing shop by the end of this month.

So what happened? Investment in embryonic stem cell research was at its peak when states including California and Massachusetts pointedly secured billions of dollars for the research, Stephen Dunn, director of research at Dawson James, told The Scientist. In response to such governmental enthusiasm, investors put money into stem cell companies such as ACT, Osiris, and Bioheart. But with almost no therapeutic advances to show for the cash, the hype has died down. Recent advances in adult stem cells, Dunn added, such as last year's reprogramming studies, have redirected investor focus. "We've had advances in adult stem cells and [FDA] approvals. Where do you think Wall Street money is going to go?" Dunn asked.

One company's troubles don't necessarily spell the end of embryonic stem cell research in biotech, Ren Benjamin, senior biotech analyst at Rodman and Renshaw, told The Scientist. "The reality of the situation is not that [embryonic stem cell] therapies don't work or have potential, but rather there is a relatively long road ahead of us to prove and develop these therapeutics." And companies will have to work harder to secure funding whenever they can, not just when they need it, he added.

But Dunn believes that ACT's recent trouble is not a sign of things to come, but rather a symptom of a current dearth of funding for this type of research. "The science is good," he said. But "there are a lot of hurdles to making a commercial success out of a company" focusing on embryonic stem cells. "They are still in the basic science stage. In reality, from a commercialization standpoint, they are far behind other companies."

ACT declined to comment on the current state of its research programs, but a statement from company CEO William Caldwell sent to The Scientist said: "Yes the company is suffering severely under the prolonged and worsening capital markets. So are GM and other auto manufacturers, most major retailers, airlines, oil services industry and almost all micro cap and emerging growth biotech firms. We are hunkering down to survive an environment which we believe is only going to get worse."

"We are killing ourselves to secure funding" to stay in business, a spokesperson for ACT.

TOP

San Francisco Business Times -- A $225 million venture fund -- the first exclusively aimed at emerging stem cell companies -- looks to line up its lead investors by the end of the year, possibly by the end of September.

Proteus Venture Partners plans to invest in 10 to 15 so-called regenerative medicine companies at $10 million to $20 million per investment, said Jeffrey Karan, senior partner with the Palo Alto firm.

Its investments could range from early-stage research straight out of academia to public companies with clinical trials, from Bay Area startups to international companies, and from embryonic stem cell innovations to cord blood technology, Karan said.

"It depends on the science and the developmental stage of the science," Karan said.

Proteus, led by Anthem Venture Partners founder Greg Bonfiglio, has focused on getting its lead investors since last summer, Karan said.

It's the second such venture for Bonfiglio, whose Anthem plowed $1 million to $5 million each into 20 companies, including Advanced Cell Technology and Corus Pharma, which was acquired by Gilead Sciences. Anthem investors included some from Saudi Arabia.

The fund-raising effort for Proteus comes against the backdrop of a dour market. Venture capital in Bay Area companies totaled $2.17 billion in the second quarter, down more than 9 percent from the year before, according to Dow Jones VentureSource.

There also remain questions whether stem cell therapies can work and can make it to market in the short window typically given by venture investors.

Advanced Cell Technology Inc. -- one of the better known embryonic stem cell companies, with facilities in Alameda and Worcester, Mass. -- said July 15 that its losses from operations, negative cash flows, stockholders' deficit and liabilities are such a burden that its current cash wouldn't last beyond July 31.

Other stem cell companies also have said that they are struggling to keep enough cash on hand to make it from the lab to the bedside, the so-called "valley of death."

But Karan said stem cell company costs rise modestly as products move beyond the preclinical stage and into later-stage trials. Typical biotech company costs, on the other hand, start low and escalate significantly as trials enter their latter stages.

What's more, Proteus looks to spread its fund's cash around, not just focus on embryonic stem cells.

Stem cell investing got new attention last month when Kleiner Perkins Caufield and Byers and Highland Capital backed iZumi Bio Inc. That Mountain View startup is working with the J. David Gladstone Institutes to reprogram adult stem cells -- which researchers believe will offer the same ability as embryonic stem cells to change into any sort of tissue cell -- for cardiovascular treatments.

Karan would not identify the two "highly significant" lead investors that Proteus hopes to snag in the next couple of months or how much they will put in. Proteus, he added, is in discussions with a number of institutional investors and is looking at investors globally.

"To some extent, this reflects the fund's global focus in regenerative medicine as we are seeking to invest in the best companies from around the world, not just in the U.S.," Karan said.

Proteus' venture partners include Fayad Dandashi, who established the first private cord blood bank in Saudi Arabia; Asma Ibrahim Al Asad, a co-founder of the Dubai Cord Blood & Research Centre; Susan Lim, CEO of Stem Cell Technologies in Singapore; and J. Ward Hills, CEO of a biotech consulting firm in the United Kingdom.

Bonfiglio also is a Portola Valley neighbor of Bob Klein, the chairman of the citizens oversight board of the California Institute for Regenerative Medicine. CIRM was formed out of voter approval of Prop. 71, which authorized the sale of $3 billion in state bonds to fund stem cell research.

Bonfiglio also is on the board of VistaGen Therapeutics Inc., a South San Francisco company that is developing a diagnostic screen that could help pharmaceutical companies use stem cells to determine the toxicity of a drug.

TOP

发新话题