The Dial-A-Dump founder has shrugged off doubts about stem cell therapy and is investing heavily to get the treatments more widely approved.
fortune on not worrying unduly about the opinions of others, and so it is with his bankrolling of a controversial treatment for everything from autism to rheumatoid arthritis.– has invested around $50 million in Arugula Sciences, a Texas biotech trialling injections of cells from human umbilical cords to treat knee osteoarthritis.However, in talking about his investments for the first time Malouf reveals his ambitions go far beyond fixing dodgy knees in America.
The autistic son of a family friend, for example, can now shower himself, swim and play the piano after several cell injections in Panama – three things Malouf says he could not do before.She also reported less fatigue, as have several other Malouf associates who’ve had cell injections seeking pain relief or just general youthfulness. However, the entrepreneur admitted he himself had noticed little difference after four doses of umbilical cord cells since 2019.
“ is part of a billion-dollar stem cell tourism industry peddling hope to people who may feel let down by mainstream medicine.” “The knockers can say what they like, but more countries like Japan are grabbing on to what these treatments can do, and Riordan and his doctors have arguably got a system that can supply cells to the world,” he says.
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