Cebu Seen As A Major Market For Stem Cell Treatment

CEBU CITY, Cebu - Banking on the popularity of stem cell therapy to enhance a person's general well-being, a Manila-based aesthetic clinic is bent on capturing a huge market in Cebu with its own product line.

Flawless Face and Body Center (Flawless) Chief Executive Officer Rubby Sy said his company will soon launch its own human stem cell therapy following the success of their stem cell product line, from fruit stem cell introduced in the market last December.

''Stem-cell technology is gaining huge popularity in the Philippines and we see Cebu as a big market for this innovation,'' Sy said in a recent press interview here.

Sy said her company intends to offer human stem cell treatment through intravenous and intra-dermal administration, costing some $25,000 and $6,500, respectively.

He disclosed that Flawless has partnered with a medical institute in Russia for human stem cell supply.

''This partner institution works like a blood bank that conducts stringent screening on human stem cells extracted from Russians aged 20 to 25 years old,'' she said.

Sy is confident that stem cell treatment would be widely accepted here given its medical and beauty benefits. Customers, she said, have accepted the product because of its ''immediate effects.''

For his part, Drew Mendoza, the firm's business manager, said that Flawless' stem cell product line is the only stem cell product approved by the Food and Drugs Administration (FDA) and is the first in the Philippine market.