Northerner
Admin (Retired)
- Relationship to Diabetes
- Type 1
Nuvilex, Inc. (otcqb:NVLX) announced last week that its executives recently met with the company's "global development partners" at the 2014 BIO International Convention in San Diego. One of the meetings that CEO Ken Waggoner and COO Dr. Gerald Crabtree held was with a representative of the Juvenile Diabetes Research Foundation (JDRF) to discuss Nuvilex's plans for treating diabetes. This, of course, begs the question -- is Nuvilex in line for a partnership to bring its diabetes treatment to market?
Currently the JDRF is funding more than 50 human clinical trials worldwide, and with the number of diabetes cases predicted to climb to 592 million by 2035 if "urgent action" isn't taken, it's easy to understand why so many biopharmaceutical firms are making the disease a priority. According to the International Diabetes Federation, the market for diabetes medicines alone is expected to reach $114 billion by 2018.
http://www.marketwatch.com/story/nu...future-114-billion-diabetes-market-2014-07-07
Currently the JDRF is funding more than 50 human clinical trials worldwide, and with the number of diabetes cases predicted to climb to 592 million by 2035 if "urgent action" isn't taken, it's easy to understand why so many biopharmaceutical firms are making the disease a priority. According to the International Diabetes Federation, the market for diabetes medicines alone is expected to reach $114 billion by 2018.
http://www.marketwatch.com/story/nu...future-114-billion-diabetes-market-2014-07-07