Stem cell cluster
Athens/Houston – Greece is planning to establish state-of-the-art clinics for stem cell therapy with associated stem cell banks. In mid-August, GloCal Investment Ventures Enterprise (G.I.V.E.) – a venture capital fund backed by the Greek governement’s TANEO fund and managed by GloCal Systems Management (GSM) – announced that it had begun negotiations with US-based adult stem cell specialist Stematix Inc. (Houston). Stematix offers fast-tracking from bone marrow to other allogeneic (cross-patient) adult stem cell treatments that make use of umbilical cord blood and placental cells. The plan to establish fully-operational adult stem cell banks and therapy clinics in Greece as a new venture emerged after a US-Greek meeting in July of 2008.