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    Home > Active Ingredient News > Drugs Articles > The first company in the world to use stem cells to treat hair loss, the US startup received US$15 million from AbbVie Capital and others

    The first company in the world to use stem cells to treat hair loss, the US startup received US$15 million from AbbVie Capital and others

    • Last Update: 2021-08-05
    • Source: Internet
    • Author: User
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    Recently, the hair loss therapy developer "Stemson Therapeutics" received US$15 million in Series A financing


    The company has done such a survey, as shown below:


    Not only in the United States, but in the world, thousands of men and women suffer from all kinds of hair loss every year, including the hair loss itself and the trauma caused by it


    In 2018, "Stemson Therapeutics" in San Diego, California, was founded and led by CEO Geoff Hamilton and Chief Scientific Officer Dr.


    This investment is led by DCVC Bio, followed by Genoa Ventures, AbbVie Ventures and other investors to support Stemson's research on restoring human hair growth through a new cell regeneration technology that uses patients’ own cells to generate new hair follicles, in order to advance Stemson’s proprietary treatment of hair loss Development of treatment options


    DCVC Bio Co-Managing Partner Dr.


    After the A round of financing, the company raised a total of 22.


    "Almost 30 years have passed since the last hair loss treatment approved by the FDA, but millions of people still suffer physical and mental effects from hair loss each year," said Dr.


    "We are very happy and honored to welcome DCVC Bio and a group of outstanding investors to join the Stemson team.


    By 2028, the hair restoration market is expected to exceed USD 13.


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