Stem cell therapy is one step closer to becoming law in Texas, the latest state to push for passage of a patients’ “Right to Try” legislation. House Bill (HB) 810 is one of three proactive stem cell bills being considered in the Texas Legislature that would make it easier for those suffering with incurable illnesses to have access to stem cell treatments. The bill, which passed the Texas House unanimously, now heads over to the Senate.
Scott Wolf, CEO and Director of Research for Grace Century comments: “This kind of legislation, hopefully will be controlled, but moves the goal post closer for the industry. Personally, I am waiting for Insurance companies to agree to pay for storage of young healthy cells: to me that’s a no brainer for improving health down the road, while saving tons of cash.”
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It has recently been reported on Yahoo! News that MediXall Group, Inc., who are the medical network arm of Grace Century Electronic Medical Records (EMR) portfolio partner Quantum, have announced the launch of Phase 2 in the recruitment of Healthcare Providers. This has been done with the Provider Development Website, which has been designed to speed-up the enlisting of selected physician practices, diagnostic centers and medical services companies to the MediXaid Platform.
MediXall Group Chief Operating Officer, Carl Larsen, stated, “We are excited by the overwhelmingly positive response we are receiving from healthcare practices to join the MediXaid® Provider Network. We believe we have developed a strong marketing and sales program that will both facilitate the rapid development of a strong healthcare provider network in the South Florida are, plus will further serve as a foundation for expanding our reach throughout the State and nationwide.”
Grace Century President and Director of Research Scott Wolf said “Fresh Out of the box, Grace Century and Quantum’s Portfolio firm is moving forward fast. We are so excited for this firm, with Beta testing expected over the summer.”
Read the full article on Yahoo! News by clicking here.
A recent article on ZD Net takes a look at cloud computing / technology and how it the business models to generate revenue from related products have evolved over the years.
Our electronic medical records partner The Quantum Group Inc, have developed an innovative cloud- based system known PWeR, which a shortened version of Personal Wellness Record. Quantum currently employs a subscription model, which interestingly is how most the companies who use cloud technology in other industries – Amazon being a prime example – are structuring their business models.
Scott Wolf, President and Director of Research for Grace Century, commented “this is an interesting article on the subject of cloud technology, and from our perspective is it notable that Quantum have taken a commercial path which is similar to that of cutting-edge industry giants in other technology-based market sectors. The difference between the healthcare sector and other market sectors is that the use of cloud computing and related technology is very much behind in the healthcare sector, and Quantum are one of the very few companies in this sector who have embraced such technology at a best-practice level.”
Read the full article on ZD Net by clicking here.
Provia Labs, Grace Century’s dental stem cell storage system portfolio project, has been features in an article on CNN on how dental cells could represent the next stage in the development of the emerging science of stem cell treatment.
The article, which is a lengthy and comprehensive feature, includes contributions from Dr. Joseph C. Laning, chief technology officer of Provia Laboratories LLC. The piece tries to balance the increasingly rigorous scientific case for the increased potential of stem cells as a method of treating complex disorders like multiple sclerosis (MS) and traumatic brain injury, with some more cautious views from the scientific community.
Scott Wolf, President and Director of Research for Grace Century, commented “The fact that our portfolio project, Provia labs, has made it to CNN, simply serves to highlight the traction that stem cells and their significant future potential for the treatment of many conditions has gained in the medical world. Whilst the article includes the views of some of the more skeptical members of the community, it should be noted that The President of the American Academy of Pediatric Dentistry, Dr. Jade Miller endorses the storage of baby teeth / Wisdom teeth and has done so himself for his family. In addition, the opinion of professional medical bodies is no guarantee of anything as Dr. N (Advisor for Provia) discovered for himself with regard to the National Bone Registry as we reported on our blog article of last May.”
Read the full CNN article by clicking here.
Annual Investment Meeting (AIM) Startup 2017 kicked off in Dubai, under the patronage of his Highness Sheikh Mohammed Bin Rashid al Maktoum, Vice President and Prime Minister of the U.A.E. and Ruler of Dubai. In cooperation with the Ministry of the Economy, and over 3 days, attendees were able to network and listen to presentations with multiple speakers from different niches within finance.
The event is a platform where disruptive Start-ups gather to present their innovative products and services on a truly global stage.
The discussions gave a unique insight to the present and future climate that ‘Early” stage firms might be confronted with. These included many discussions from Building Global companies all the way to the “Do’s and Don’ts” with the interaction of Government agencies. The event was highlighted by providing a platform for 84 young companies, from many countries, to have an opportunity to be in front of interested funding partners.
Grace Century Members Jennifer Doyle, Vice President of Administration and CEO, Scott Wolf attended. Wolf comments “I was thoroughly impressed with the innovations brought to the competition, especially the high concentration of companies from the Emirates. It is a testament to how the country has provided a nurturing infrastructure and why it is home to some many “incubators””.
Presenting to the groups were Start-ups and early stage firms coming from Food & Beverage, Agriculture, Renewable Energy, Healthcare, and Education.
Scott Wolf concludes “Expos like this are not only invaluable to see possible “project flow” for our firm, but to keep on finger on the rapidly changing landscape in this stage of firms and the changing technologies. The fact that it was in our “backyard” of Dubai was an added benefit”.
It has been announced that Grace Century President and Director of Research Scott Wolf has has appointed to the Business Advisory Board of Provia Laboratories LLC, Grace Century’s dental stem cell storage project partner.
Scott has tirelessly worked to help Provia with many important business functions since becoming involved with them in 2014, including contributing to Provia’s overall strategy, new business & market development, and raising of capital. Though the Grace Century members’ network, almost $10 million of funding has been secured for Provia.
Read Provia’s full press release on Scott’s apportionment here.
We recently reported the existing news that our portfolio partner, Provia Laboratories LLC (Provia), had engaged US Capital Partners Inc. (US Capital) as its strategic advisor for a $2M capital raise.
The details of the engagement are now available at http://www.provialabs.com/investor-relations.
Prove are planning to utilise the new financing primarily to grow its sales and marketing function to support new products and services.
A full press release on the engagement is now available by clicking on this link.
Scott Wolf, President and Director of Research for Grace Century, commented “Grace Century is thrilled to have handed over the reins to Provia’ s first Institutional funder U.S. Capital. As a Board advisor, we will continue to assist in all other areas, especially in help Provia expand here in the Middle east and Asia.”
A recent article in Business Insider looks at what Americans are currently paying for their healthcare – and the conclusion is that the average American is paying than ever before.
According to the article, more than 50% of American workers pay up to $1,000 up front for their healthcare plans – and this cost runs into several thousand dollars when it comes to specialist services such as getting an X-ray or MRI.
In addition, these costs can escalate significantly if the procedure takes place in a hospital compared to an imaging centre – the research upon which the report is based, which surveyed over 14,000 locations, states that hospital MRI rates were significantly dearer than a stand-alone imaging center.
Scott Wolf, President and Director of Research for Grace Century said “Costs depending on where you go is the whole logic behind our portfolio projects idea for Medxiall. The Business Insider article explains this clearly”
Read the full article here.
Transporting stem cell cultivation to the earth’s orbit could play a key role in the faster rate of growth of stem cells for clinical use, according to a recent article in the International Business Times
Preliminary research has shown that the microgravity environment of the International Space Station actively increases the growth rate of stem cell, and researchers have now confirmed that human stem cell are being cultivated on the ISS for trials back on earth.
The trial are specifically researching mesenchymal stem cells (found in the bone marrow), hematopoietic stem cells (which can grow into all other blood cells) and leukemia cancer stem cells (responsible for leukemia, or cancer of blood-forming tissues).
Abba Zubair, a researcher at the Mayo Clinic in Jacksonville, Florida who is directly involved in the research said “What is unique about this investigation is that we are not only looking at the biology of the cells and how they grow, but focusing on application, how we can use them to treat patients”.
In a statement, NASA said that the long term goals of the research were to develop a safe and reliable clinical grade stem cell bioreactor in space for commercial use and to understand the biology of stem cells and the progression of cancer stem cells.
Scott Wolf, Director of Research for Grace century commented ”It’s only a matter of time before stem cells are regularly cultivated in this manner, given their massive potential for effective clinical treatment of many diseases”
Read the full article here.
MediXall Group Inc. ( OTCQB : MDXL ) has reported a successful launch of its program to recruit and enlist licensed and certified Diagnostic Centers, medical services, medical product providers and Physician Practices to its Member Network. According to an article on Yahoo! Finance News, the initiative has been a success with, several Medical Centers joining the program.
MediXall Group Founder and Chairman, Mr. Noel J. Guillama, said “An estimated 10 percent of US citizens do not have any health insurance and another estimated 27 percent of the U.S. population have high deductible health care plans.” MediXall’s business plan is based on bringing competitive pricing and availability of medical services directly to the consumer, and the reception from practice managers to the Company’s plans has been reflected in the strong embracement of the member network program.
Guillama added “The online marketplace is a well-established model for utilizing the power of competition to empower the consumer, we are now bringing this model to healthcare, in an era of growing deductibles and escalating healthcare costs,”
Grace Century CEO and Director of Research commented“Medixall begins the construction of its network by enlisting its first group of participants. This is the first incubator of our portfolio company, the Quantum Group, and a meaningful first step of improving healthcare access and choice, while lowering costs””
Read the full story on Yahoo! Finance News here.