Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 31 n° 275

Biotech Company Detraxi Is Developing a Solution to Eliminate Global Blood Shortages

Posted by fidest press agency su martedì, 23 luglio 2019

The demand for blood in China exceeds supply, with blood products only satisfying 50% of the total demand. According to The World Health Organisation, 0.92% of China’s population are donating blood, which falls below the rate of 1% to 3% that is needed to meet demand. The annual clinical blood demand growth rate is 10-15%.Blood collection doubled between 2011 and 2016 to 7000 tons. In 2018, 18.4 million units of blood were allocated across China. 15.8 million units were allocated locally within the same Province as collection. But managing blood supplies is hugely complex. Refrigerated blood only remains viable for between 35 and 42 days.Biotechnology is currently undergoing exponential technological progression and improving by a factor of 10 every year in terms cost-benefit. This is driving new biotech solutions that have not been available before. The global biotech market is expected to reach US$741.7 billion by 2026. Synthetic biotech is expected to exceed more than US$12.5 billion by 2024 with a CAGR of 20%, according to MarketWatch.
However, the development of new biotechnologies requires a very high appetite for risk and lots of patience. Detraxi is backed by London and Hong Kong-based technology billionaire Tej Kohli. Kohli believes that biotechnologies such as Detraxi will offer solutions to some of the world’s greatest public health challenges.

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