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Stem Cell Therapy in India
Stem cell therapy is gaining pace in India and is now a sizeable commercial industry of significant value. However, as in any health care industry, there are lots of unanswered questions when it comes to clinical applications of stem cells. Even as a patient, it could prove quite difficult to obtain clarifications about the use of stem cells. The recent trend in stem cell therapy has been very erratic, and the major players in the arena mix hope with hype and present a scenario that is usually deceptive to the patients. Some players from the private sector, like International Stemcell Services Limited (ISSL) have proved that the stem cell therapy is a viable option for certain diseases where each condition is approached scientifically and treatment options are given to patients. More companies must find their way into mainstream so that stem cell therapy can be offered to deserving patients and will also become affordable.
Government bodies like the DBT and ICMR are organizing awareness meetings on a common platform, where non scientific individuals are given an opportunity to interface with regulatory authorities, to discuss issues regarding guidelines on stem cell therapy, the do’s and don’ts in stem cell therapy. This is a positive step towards regularizing these issues concerning stem cell therapy, as this will enable serious endeavors from the private sector to make promising headway in the domain. As representatives of a cross section of our society, interested in regenerative medicine:
India is poised on a multi billion dollar industry in stem cell therapy and the focus of the government authorities must be to encourage private players and cut the red tape as much as possible and practice transparency in matters of granting proposals. Innovative indigenous ideas must be put across as this will encourage our students for better participation in this booming industry. Government authorities must exercise its power by bringing young and fresh talent in these promising areas of health and science.
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