Collaboration with Orgenesis
MIDA is partnering with Orgenesis Inc, (NASDAQ: ORGS), a leading global biotech company focused on cell and gene therapies, to establish point of care (“POCare”) centers at hospitals and other medical institutions in Western Europe.
The current development in cell therapy offers incredible potential for many previously incurable diseases. However, the highly personalized nature of these treatments creates both logistic and economic challenges to the health care system. As a result the access to such advanced treatments has up to now been very limited. In order to address these challenges, Orgenesis and MIDA Biotech have started a collaboration to set up POCare centers in Western Europe with the goal to significantly enhance the accessibility by lowering the processing and delivery costs and eliminating the logistical and administrative challenges related to centralized production of therapies.