Stem cell supplier for vets secures funding boost | Midlands Deals News | Insider Media

2022-08-20 09:14:37 By : Ms. Amy Cao

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A supplier of stem cell treatments for animals has secured grant funding to support the research of new veterinary therapy products and expand its operations.

Cell Therapy Sciences Ltd (CTSL), based at the Venture Centre at the University of Warwick Science Park, has developed stem cell treatments which vets around the country use to treat osteoarthritis and musculoskeletal injuries such as tendon injuries in dogs, cats and horses.

The company sought funding to purchase a cryo-storage machine called MVE Fusion Freezer, which can keep samples at liquid nitrogen temperature.

It applied for a grant through the Coventry and Warwickshire Innovation Programme, a European Regional Development Fund-backed scheme.

Dr Joanna Miller, managing director, said: "The new machine will be a game-changer for us, both from a business and environmental standpoint.

"Many firms reliant on cryo-storage do not have much space to store precious samples. Thanks to the new machine, we will be able to provide this storage for them, which will give us a new revenue stream alongside our stem cell work.

"And with all the emissions associated with the use of liquid nitrogen, not being reliant on it any more will save an estimated four tonnes of CO2 equivalent every year, which is absolutely fantastic.

"It will give our business more scope for growth while continuing to give a fantastic service to our clients."

Jane Talbot, centre manager at the Venture Centre, added: "CTSL has already helped vets across the length and breadth of the UK give stem cell treatments to animals, and we're delighted this new machine will enable Jo and the team to bolster their income and reduce their emissions.

"We're always looking to help tenants access new grants and provide business advice to help them succeed, so it's fantastic to see how CTSL have taken advantage of this.

"We're looking forward to seeing CTSL grow once the new machine is here, and we will continue to advise and help them every step of the way."

Adam Beech, Digital Staff Writer T: 0161 907 9752 E: adam.beech@newsco.com

Tracey Bull, Regional Sales Director T: 0121 214 6560 E: tracey.bull@newsco.com

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