Japan formally adopted ground-breaking new and revised legislation governing the regulation of cell and tissue therapies in November 2014 and the feedback on the new framework has been positive.
The global regenerative medicine market, with an estimated value of $1bn in 2012, is expected to explode to $380bn in 2050. Japan is forecast to account for one-seventh of this market and the introduction of the new regulation, which significantly cuts the time it takes to gain marketing approval for these product, make it an even more attractive space – so much so that big Japanese players like
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