13 hours ago
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I missed this use for the bioreactor PSTI has the patent on.
Allo posted the schedule of presentations this weekend by PSTI. One alone caught my eye. It is remarkable, the use of 3D culturing for "screening, toxicology and diagnostics". Are you kidding me? If Pluristem makes this a possibility, this one use alone would be off the hook. A 2008 report by the Lewin Group had the following information about clinical testing in the US alone:
"Based on 2007 data from the Centers for Medicare and Medicaid (CMS) Online Survey,
Certification, and Reporting (OSCAR) database, CDC estimates that approximately 6.8
billion laboratory tests are performed annually in the U.S. Other data from 2007
evaluations indicate the following regarding the extent of the market for laboratory tests.
• Laboratory testing revenues were a projected $52 billion in 2007.
• Clinical pathology comprises 66% of all laboratory tests and $32 billion in
revenue.
• Anatomic pathology and cytology account for 23% of laboratory tests and $11
billion in revenue.
• Molecular and esoteric (e.g., low volume tests such as those for rare diseases)
testing account for 8% of laboratory tests and $4 billion in revenue.
• Drugs of abuse testing accounts for 3% of laboratory tests and $1.5 billion in
revenue.
