Novo will pay Aspect US$75-million upfront to fund research and development and take an undisclosed stake in the startup
, to combine a complex mix of cutting-edge technologies to develop novel treatments for human health problems.
“We have looked at all the device companies out there; there are many,” said Jacob Sten Petersen, vice-president of Novo’s cell therapy division. Their goal was to develop technology that could create tissues, and they worked with a fourth co-founder, medical researcher Sam Wadsworth, now chief scientific officer. Encouraged by the university’s entrepreneurship program, the two PhD students dropped out to focus on building the company .
Using computer-aided design software, Aspect virtually plots out implants composed of living cells and tissue-like hydrogel polymers. The synthetic materials are designed to act as both a port to the body’s circulatory system and a shield for the embedded cells to protect against the immune system.
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