Word: colman
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Dates: during 2000-2009
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...million for research in the field over the next three years. Money also comes from university grants and offshore organizations like the U.S.-based Juvenile Diabetes Research Foundation. The diabetes group has helped fund biotech start-up ES Cell International (ESI), home to Briton--and now Singapore resident--Alan Colman, who was part of the British team that cloned Dolly the sheep in 1996. ESI manufactures its own embryonic-stem-cell lines and is working on shaping those cells into insulin-producing pancreatic tissue and cardiac muscle, which could be given to patients suffering from diabetes or heart disease...
...think Singapore punches well above its weight in this area," says Colman. "That's why I'm here." Another reason is Singapore's liberal regulations, which allow stem cells to be cultured from embryos up to 14 days old, although reproductive cloning is strictly illegal...
Vital Dent's founder, Ernesto Colman Mena, believes he will get people in the door by emphasizing convenience, reasonable prices and new technology, including the latest in dental implants. "That's what works in Spain," Colman says through a translator. In 2005 Vital Dent was second in Spain only to Burger King in attracting franchise investment, according to Franchisa, an industry consulting firm. And he hopes a similar strategy will appeal to Americans looking for an alternative to the old-fashioned neighborhood dentist. "The United States market offers a great opportunity," says Colman...
...care: 67% of dental practices in the U.S. are still run as traditional solo practices, according to Roger Levin, an industry management consultant in Owings Mills, Md. But Vital Dent will have to overcome more than just convention to find its way in the U.S. The new implant procedures Colman touts are not exclusive to the company. Vital Dent's prices, although below those of high-end dentists, are not much lower than the typical rates in most major cities (and like many traditional dentists, Vital Dent doesn't participate directly in insurance plans). According to a 2005 year...
...franchisees are Europeans who also own franchises back home, but Colman hopes to expand his U.S. franchise base to 40 offices by the end of 2006. He's betting that Americans' endless appetite for convenience will have them lining up for dentistry that's quick and easy. Painless? He's working...