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Korea and Drug Administration issued a statement saying, "Cartistem is the world's first approved allogeneic (from a collection of different individuals of the same species) stem cell drug, may provide new treatment opportunities for patients with degenerative arthritis," Medipost says funds from private investors and the government received 27 billion won since 2001 (co-$ 23.8 million) of funds for the development Cartistem, the drug can be injected into the patient's knee surgery. Statement said that since last year, Cartistem ongoing clinical trials in the United States has.
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