3D Systems Joins CollPlant In Regenerative Medicine Efforts
Zacks Investment Research | Jan 13, 2020 09:13PM ET
3D Systems (NYSE:DDD) recently partnered with CollPlant Biotechnologies (NASDAQ:CLGN) to jointly develop tissue and scaffold bioprinting processes for third party companies, aiming to expedite the advancements in the biomedical industries.
Per the venture, both companies will leverage 3D Systems' printers, CollPlant's BioInks and new formulations of rhCollagen-based BioInks jointly developed by the companies to create their own products as well as products for third party customers.
The Emerging Market of Regenerative Medicine
Regenerative therapies are gaining strong momentum owing to two major factors — unmet patient needs and the potential of cell-based therapies to address those needs. However, regenerative medicine applications require a comprehensive solution to produce tissues and scaffolds, a need that is still largely unaddressed. The companies aim to bridge this gap by developing state-of-the-art 3D bioprinters and BioInks to produce tissues and scaffolds.
Per MarketsandMarkets, the 3D bioprinting market is Original post
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