Industry perceptions of barriers to commercialization of regenerative medicine products in the UK.
OBJECTIVE
Regenerative medicine is an emerging field with the potential to provide widespread improvement in healthcare and patient wellbeing via the delivery of therapies that can restore, regenerate or repair damaged tissue. As an industry, it could significantly contribute to economic growth if products are successfully commercialized. However, to date, relatively few products have reached the market owing to a variety of barriers, including a lack of funding and regulatory hurdles. The present study analyzes industry perceptions of the barriers to commercialization that currently impede the success of the regenerative medicine industry in the UK.


METHODS
The analysis is based on 20 interviews with leading industrialists in the field.


RESULTS
The study revealed that scientific research in regenerative medicine is thriving in the UK. Unfortunately, lack of access to capital, regulatory hurdles, lack of clinical evidence leading to problems with reimbursement, as well as the culture of the NHS do not provide a good environment for the commercialization of regenerative medicine products.


CONCLUSIONS
Policy interventions, including increased translational government funding, a change in NHS and NICE organization and policies, and regulatory clarity, would likely improve the general outcomes for the regenerative medicine industry in the UK.
Plagnol
Anke C
AC
Faculty of Politics, Psychology, Sociology & International Studies, University of Cambridge, Cambridge, CB2 3RQ, UK.
Rowley
Emma
E
Martin
Paul
P
Livesey
Finbarr
F
D003132:Commerce; D007407:Interviews as Topic; D044968:Regenerative Medicine / Q000191:economics* / Q000331:legislation & jurisprudence*; D006113:United Kingdom