Healios Aims to Ready Stem-Cell Therapy for Eyesight By 2020

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Healios K.K., which is using Nobel Prize-winning technology to develop a treatment for an eye disease that causes vision loss, aims to begin testing it in patients in 2017 and start selling in Japan in five years.

The Tokyo-based biotechnology company has sufficient funds to cover development costs after raising about 7.3 billion yen ($59 million) from its initial public offering earlier this week, Chief Executive Officer Hardy Kagimoto said in an interview.