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News & Press: WI Bio News

Diagnostic tests make inroads in market

Sunday, January 29, 2012   (0 Comments)
Posted by: Milwaukee Journal Sentinel
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By Kathleen Gallagher of the Journal Sentinel

When thalidomide came to market in the 1950s as a morning sickness treatment, no one imagined the many cases of birth defects that would result from use of the drug.

More than 50 years later, a small Madison-based stem cell company is selling a research product that could have prevented what some have called one of the biggest medical tragedies of modern times.

Stemina Biomarker Discovery Inc. uses a proprietary stem cell technology that allows it to predict with a high degree of accuracy whether a drug or a compound is going to be toxic.

"If thalidomide would have gone through Stemina's screening, it would have been so easy for them to say 'this isn't going to work,' " said Tom Shannon, principal at private investment group Shamrock Partners and an investor in Stemina. "But instead, they used rat models that resulted in terrible outcomes for thousands, if not tens of thousands of children."
Stemina, founded in 2006, has the potential to have a big impact on the identification of toxicity not just in drugs that are being developed, but also in agricultural products, cosmetics and other areas, said Shannon, who previously headed Prodesse Inc., a Waukesha biotech company bought by Gen-Probe Inc. of San Diego in late 2009.

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