(NEW YORK – April 16, 2015) Icahn School of Medicine at Mount Sinai (ISSMM) will be able to further develop new blood treatments for chemotherapy-resistant blood cancer and other genetic blood disorders thanks to an $8.8 million grant from the New York State Stem Cell Science Program (NYSTEM). The grant will advance on-going development of a process to increase the number of stem cells collected in cord blood collections. The funding will also enhance collaborations with biotechnology firms NeoStem, Inc. and AllCells, LLC, leaders in cellular therapy.
Blood stem cell transplantation has proven to be the only potential therapy available for most patients with blood cancers. To obtain blood stem cells for transplant, doctors use cord blood collections which contain only limited numbers of stem cells. Mount Sinai researchers have developed a method to increase the number of collected stem cells 35-fold. The grant will move this research ahead to clinical trials.