Oct. 09--The Philippines will soon have its first stem cell bank.
Dr. Jiwu Wang, chief executive officer of Allele Biotechnology, visited the Philippines to present the latest stem cell technology from the United States. He said that the technology is different from the stem cell therapies being offered by various clinics. Dr. Wang added that his company's stem cell technology cures various types of diseases.
Dr. Wang on Monday paid a courtesy call on Health Secretary Enrique Ona and Dr. Cynthia Rosuman. He told the two officials that Allele Biotechnology plans to bring their stem cell technology to the Philippines in cooperation with the Subic Heart Center, located in Zambales province.
According to Wang, their stem cell technology is far more advanced than the other stem cell therapies.
He explained that his company, through this advanced technology, is capable of reproducing different tissues of the human body. The patient's own skin cell will be reproduced to be an embryonic stem cell, which will be banked in the Subic hospital.
The Subic Heart Center, where the country's first stem cell bank will be located, is chaired by Solita Monsod. Other people behind the Subic Heart Center are Atty. Felipe Gozon of GMA 7, Jose Araullo, former founding chair of Punongbayan-Araullo Auditing firm; and Dr. Mildred Vitangcol.
Allele Biotechnology and Pharmaceuticals Inc. is a San Diego-based company that was established in 1999 by Dr. Wang and his colleagues. It is a researchbased company specializing in the fields of RNAi, stem cells, viral expression, camelid antibodies and fluorescent proteins.
The Manila Times College owns the Subic Heart Center located inside the Subic Bay Metropolitan Authority.
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