PROT Proteonomix Inc (CE)

Proteonomix, Inc. (OTCBB: PROT), a biotechnology company focused on developing therapeutics based upon the use of human cells and their derivatives, announced it will begin a clinical study of its UMK 121 on patients with End Stage Liver Disease with the University of Miami.

Proteonomix, similar to NuVasive (NASDAQ: NUVA), Osiris Therapeutics (NASDAQ: OSIR) and Pluristem Therapeutics (NASDAQ: PSTI), is positioned in the growing stem cell and regenerative medicine markets, which is estimated to reach $8.5 billion by 2016.

Proteonomix also has a focus on regenerative medicine. Regenerative medicine is touted as the next-generation technology to revolutionize the medical system of the future. At present, a lot of regenerative medicine technologies are in the developmental stage and approaching commercialization stage. The market was estimated at USD 7.2 billion last year and is poised for rapid development in the forthcoming years.

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