Now that Eyestem is here, Can India now be care free about Dry AMD ?

Dry AMD is the largest cause of incurable blindness in people above 60 and affects roughly 170 million people worldwide.The investment will allow Eyestem to progress treatment for Dry Age-related Macular Degeneration into clinical trials.

Macular degeneration is one of the leading causes of loss of vision all over the world.

Indian data reveals a prevalence rate of AMD Age-related macular degeneration (AMD) ranging from 1.2 % to 4.7 %.

Dry AMD is the largest cause of incurable blindness in people above 60 and affects roughly 170 million people worldwide.

Eyestem, a Bengaluru-based cell therapy company, Researched and moved one step closer in finding a treatment for Dry AMD and announced successful animal experiments for its flagship product. 

Eyestem has raised $6.4 million (Rs 51 crore) in a Series A round led by three pharma majors: Biological E Limited (BE), Alkem, NATCO, and Kemwell Biopharma promoters Anurag and Karan Bagaria.

Eyecyte-RPE, the company’s patented flagship product, is an experimental treatment for Dry Age-related Macular Degeneration (Dry AMD) and the company has other products in the pipeline for the treatment of incurable diseases affecting humanity. EyeCyte-RPE replaces damaged retinal pigment epithelium cells and is designed to restore sight for patients in early stages of Macular Degeneration or arrest loss of vision for those in later stages. The product is allogenic, administered by a surgical procedure and is patented in India and abroad. The company intends to file for a first in human trial for the product within a year in consultation with CDSCO and US FDA. 

Endiya Partners and Kotak Private Equity, both existing investors, also participated in this round, valuing Eyestem at $46.4 million (Rs 371 crore) post-money.

Eyestem was founded in 2016 by an experienced team of clinical research, regenerative medicine, and ophthalmology experts. It is advised by a board of directors and has established collaborations with other leaders in related scientific disciplines in India, the United Kingdom, Japan, and the United States. Long-term goals include developing a scalable cell therapy platform to treat incurable diseases and democratizing global access to these newer technologies.

Eyestem is eager to help people who are suffering from Dry Age-related macular degeneration and retinitis pigmentosa, a key genetic cause of blindness in kids. Eyestem has the sole purpose of being able to create cell therapy products at scale for diseases that devastate a large number of people in India and around the world.

Will Eyestem be able to bring a revolution in treating Dry AMD through cell therapy ?

Tags : #Eyestem #seriesaAround #DryAge-relatedMacularDegeneration #clinicaltrials #banglore #india #pharma #natco #medicircle #smitakumar

About the Author

Shweta Yadav

I strive to provide you with the most current and up-to-date healthcare news and articles in all main areas. Within the Medicircle umbrella, a wide range of themes and categories concerning health.

Related Stories

Loading Please wait...


Trending Now

Seminar on RERA: Concerns in Real Estate heldDecember 09, 2023
Commonwealth youth leaders want action, not just rhetoric at COP28December 09, 2023
South India’s biggest Gaushala, Satyam Shivam Sundaram Gau Nivas to conduct Annakut Celebrations on Sunday on the eve of its 23rd AnniversaryDecember 08, 2023
Center for Diagnostics and Telemedicine Introduces Groundbreaking Service – Preliminary Clinical and Technical Testing for Medical SoftwareDecember 08, 2023
FTCCI to hold a Seminar on RERA: Concerns in Real EstateDecember 08, 2023
Adoption of Public Health Strategies and Early Detection Key for Cancer Mitigation: ExpertsDecember 08, 2023
Are online spaces safe for women?December 08, 2023
Prescribing Equality: Tackling Gender Disparities in India's Healthcare LeadershipDecember 07, 2023
Digitalizing Health: Generative AI's Impact Amplified by AWS Cloud in IndiaDecember 07, 2023
Eyes on the Future: Dr. Agarwal's Group Channels Rs 100 Crore for Cutting-edge Eye Hospitals Across KeralaDecember 06, 2023
Organ Transplant Scandal: Apollo Hospital Faces Government InquiryDecember 06, 2023
Breaking Barriers in Cancer Treatment: Max Healthcare's CAR-T Therapy PartnershipDecember 06, 2023
Exploring the Link Between Covid-19 Vaccination and Sudden Cardiac Arrests: ICMR StudyNovember 22, 2023
Powering the Future: China's Biodegradable Wireless System for Bioelectronic InnovationNovember 22, 2023
IMS BHU Pioneers Advanced Cardiac Care: Unveiling Cutting-Edge Technologies for Precise DiagnosisNovember 18, 2023
Inito's $6 Million Boost: Transforming Women's Health with AI-Backed Fertility MonitoringNovember 18, 2023
Madras High Court Advocates for Equality: PG Medical Students to Receive Incentive Marks for COVID-19 DutyNovember 18, 2023
Next-Gen Healthcare: CarePods and AI Redefine the Patient ExperienceNovember 17, 2023
Air Quality Crisis: Alarming Rise in Premature Births Linked to Air Quality in Begusarai, BiharNovember 17, 2023
Limerick Contest-2023: A Celebration of Wit and PoetryNovember 17, 2023