Exclusive Interview with Frost & Sullivan Entrepreneurs
In recent years, with the intensification of the global aging process and the increase in the absolute number of elderly people, the incidence of aging-related diseases, including neurodegenerative diseases and cancer, has been increasing year by year.
Neurodegenerative diseases are a state of brain and spinal cord neuron loss, mainly including 11 major categories of diseases such as Alzheimer's disease, Parkinson's disease, Huntington's disease, amyotrophic lateral sclerosis, progressive bulbar palsy, and spinal muscular atrophy, which pose a serious threat to human health and quality of life. According to WHO data, there are nearly 10 million new cases of dementia each year, with 60% to 70% being Alzheimer's patients; the prevalence of Parkinson's disease has doubled in the past 25 years, and according to global data from 2019, about 8.5 million people suffer from Parkinson's disease, resulting in 329,000 deaths.
Cancer has become one of the most lethal "killers" after cardiovascular diseases. The number of cases and deaths from lung cancer, breast cancer, colorectal cancer, gastric cancer, liver cancer, and other diseases is increasing year by year, and the age of affected populations is also getting younger. According to data from the World Health Organization (WHO), in 2020, 10 million deaths worldwide were caused by cancer, and about 400,000 children suffer from cancer each year.
The treatment of both cancer and neurodegenerative diseases requires new therapeutic technologies, with cell therapy considered a highly promising approach. Guangzhou Ruizhen Regenerative Medicine Technology Co., Ltd. (hereinafter referred to as 'Ruizhen Regenerative Medicine') was established in 2019, dedicated to developing general-purpose ready-to-use cell therapy products derived from induced pluripotent stem cells (iPSCs) for the treatment of tumors and neurological diseases. Ruizhen Regenerative Medicine has received multiple rounds of financing, possesses a R&D platform and underlying technology for iPSC core technologies, and its main core business is iPSC-derived cell therapy for neurodegenerative diseases and tumors.
How do non-human primate models help us further understand neurodegenerative diseases? What are the treatment methods for neurodegenerative diseases? What challenges do regenerative cell therapies such as iPSC pose in treating neurodegenerative diseases?
The Life Sciences division of Frost & Sullivan (hereinafter referred to as 'Frost & Sullivan') has invited Professor Li Xiaojang, co-founder and chief scientist of Rui Zhen Regenerative Medicine, to discuss relevant issues with us. Combining years of animal model research and regenerative therapy experience at Rui Zhen Regenerative Medicine, Professor Li is here to provide industry insights and share the latest industry progress for those interested in the stem cell regenerative therapy industry in the fields of cancer and neurodegenerative diseases.
Exclusive Interview GuestPROFILE
Professor Li Xiaojang
Co-founder and Chief Scientist of Rui Zhen Regenerative Medicine

Professor at the Guangdong-Hong Kong-Macao Central Nervous Regeneration Research Institute of Jinan University, Director of the Key Laboratory of Non-human Primate Models in Guangdong Province, National High-Level Talent Introduction Program Recipient, National Distinguished Expert Appointed by the Organization Department of the CPC Central Committee, Changjiang Lecture Professor of the Ministry of Education, and Leading Medical Talent in Guangdong Province
Ph.D. from Oregon Health & Science University and Postdoctoral Fellow at Johns Hopkins University; since 1996, has worked at Emory University in the United States and was promoted to tenured full professor in 2005; from 2007 to 2019, served as an outstanding chair professor at Emory University.
Professor Li Xiaojang mainly uses animal models to study major brain diseases. During his research in the United States, he has long used transgenic mouse models to study the pathological mechanisms of neurodegenerative diseases. In 2008, he was the first in the world to establish a non-human primate model of Huntington's disease using transgenic methods (Yang et al., Nature 2008). After returning to China, Professor Li Xiaojang dedicated himself to tackling key research on genetically modified large animal models. Since 2015, he has prepared the world's first transgenic monkey model of Parkinson's disease and functional gene knockout models of Duchenne muscular dystrophy, autism, and Parkinson's disease using CRISPR/Cas9 technology. In 2018, he established the world's first large animal gene knock-in pig (Huntington's disease) model in Guangzhou (Yan et al., Cell, 2018). Using these innovative models, Professor Li Xiaojang's research team has revealed more deeply into the pathogenesis of brain diseases.
01
Non-human primate models more accurately reflect changes in human brain diseases
@Frost & Sullivan Life Sciences Business Unit, Wang Peng
What is the significance of establishing effective animal models for studying human diseases? How do primate models help us gain a deeper understanding of human brain diseases?
@Professor Li Xiaojang
Animal models are of great significance for the study of human diseases. Many diseases cannot be directly traced to their causes in humans, and animal models can help us understand more profoundly how diseases occur and progress. With the development and introduction of gene editing technology, we can obtain more stable and mature animal models for studying disease pathology. Mouse models are the most widely used animal models, with advantages such as rapid reproduction and lower costs. Many important disease discoveries have been based on mouse models.
In the field of research on human brain-related diseases, non-primate large animal models have unique advantages. For a long time, I have also been using mouse models to study human brain diseases. However, mouse and some other animal models cannot simulate the characteristics of neuronal cell death in patient brain tissue. It was not until 2008 that we observed this characteristic in transgenic monkey models. Therefore, when studying human brain-related diseases, we need to conduct research using animal models closer to the human brain to better explore the real situation during human brain lesions. Currently, many drugs for brain diseases are based on mouse experiments, but these drugs often do not exert a similar effect in mouse models after entering clinical use. This is closely related to the differences between mouse models and the real human brain.
Animal models are an important way for humans to understand and recognize pathological changes in diseases. By establishing non-primate animal models that are closer to the human brain, they play an irreplaceable role in our understanding of diseases and the search for effective therapeutic drugs.
@Frost & Sullivan Life Sciences Business Unit Wang Peng
The establishment of primate models has a profound impact on human research and understanding of major brain diseases. Your company's team has established a variety of primate models for brain diseases. What progress have been made in the field of disease research through these models?
@Professor Li Xiaojang
By establishing primate models to understand and study human brain diseases, we have made some good progress so far.
Let's take Parkinson's disease research as an example. Many major theories about Parkinson's disease originate from in vitro experiments. One type of Parkinson's disease is a typical genetic form called early-onset Parkinson's disease, which can be caused by mutations in two single genes (PINK1 and Parkin genes). The corresponding PINK1 protein is a serine/threonine kinase, while Parkin is an E3 ubiquitin ligase. Homozygous mutations in these two genes can lead to Parkinson's disease. Previous studies suggested that these two genes act on the same pathway. Many in vitro studies have confirmed that if mitochondria are damaged, PINK1 dephosphorylates PRAK, thereby clearing mitochondria and protecting nerve cells. This is the famous mitochondrial autophagy theory in the field. However, this hypothesis cannot be verified in mouse and Drosophila models because knocking out the corresponding genes does not cause death of the corresponding nerve cells in these two animal models.
However, as our research deepened, we found that knocking out these two genes could reproduce corresponding disease symptoms in non-human primate models. In monkey models, it was discovered that knocking out the PINK1 and Parkin genes could lead to neuronal cell death characteristics similar to those seen in human brains. Therefore, these genes may only play their corresponding roles in higher animals and are specific—meaning that they are expressed and function only in human brain tissue and cannot exert the same effects in mice and fruit flies. This proves that when studying human brain diseases, we need to use more human-like animal models to better represent the special pathological changes of the human brain.
02
Progress is ongoing, and stem cell therapy holds great promise for treating neurodegenerative diseases
@Frost & Sullivan Life Sciences Business Unit Wang Peng
Neurodegenerative diseases are one of the major brain disorders that plague humanity now and in the future, and their impact on human society will be further exacerbated with the global aging process. What are the current methods used for diagnosing and treating neurodegenerative diseases? What are the important new advancements?
@Professor Li Xiaojang
With the absolute increase in population and the intensification of global aging, the number of people affected by neurodegenerative diseases will continue to grow in the future. Fortunately, in recent years, with technological progress, we have made further advancements in the field of diagnosis and treatment of neurodegenerative diseases. Taking representative examples such as Alzheimer's disease and Parkinson's disease as examples.
With the deepening research on Alzheimer's disease, it has been found that there are two important characteristics: one is the presence of neurotoxic β-amyloid (αβ) deposits in the brain, and the second characteristic is the formation of neurofibrillary tangles (NFTs) in Tau proteinopathies. After confirming these two main pathological features, they are of great help in disease diagnosis. Currently, effective diagnosis can be made by combining brain imaging with the patient's symptoms. Furthermore, can we predict whether Alzheimer's disease will occur at an earlier stage? This involves research on biomarkers, which refer to biochemical indicators that can mark changes or potential changes in systems, organs, tissues, cells, and subcellular structures or functions, occurring before symptoms appear. Before the onset of symptoms in Alzheimer's disease, can we predict whether the disease will develop by observing biomarkers in blood or cerebrospinal fluid? Recently, the research team led by Professor Yu Jintai, in collaboration with Professor Feng Jianfeng's team, found that based on plasma proteomics data from large population cohorts and artificial intelligence algorithms, the risk of developing dementia diseases including Alzheimer's disease, new-onset all-cause dementia, and new-onset vascular dementia can be predicted using plasma protein GFAP, with a prediction time that can be advanced by 15 years. In the field of neurodegenerative disease diagnosis, it is believed that there will be new breakthroughs in the coming years.
In the treatment of neurodegenerative diseases, cell therapy has also made good progress. Immunotherapy for Alzheimer's disease has also made significant strides; by targeting antibodies against αβ amyloid deposits, it can alleviate cognitive decline in 35% of patients and reduce the risk of progression to the next stage by 39%.
The typical feature of Parkinson's disease is the death of dopaminergic neurons in the substantia nigra and striatum, leading to reduced dopamine release. Cell therapy, which aims to regenerate dopaminergic neurons in the substantia nigra and striatum, may effectively alleviate symptoms in patients. Currently, a stem cell therapy composed of dopaminergic neurons produced by pluripotent stem cells (Bemdaneprocel, BRT-DA01) has begun clinical trials. This stem cell therapy involves surgically implanting differentiated neuron cells into the brains of Parkinson's patients, potentially reshaping the neural network damaged by the disease, and is expected to restore motor and non-motor functions. The phase I clinical study has reached its primary endpoint, with good patient tolerance, and plans are underway for phase II clinical trials. Rui Zhen Regenerative Medicine also has many arrangements in this area for treating neurodegenerative diseases through stem cell therapy. Currently, several therapies are actively being explored.Among them, the Parkinson's disease pipeline iDA001, which is progressing at the fastest pace, has successfully completed the pharmacodynamic validation in primates and preliminary CMC exploration.
In the treatment of Huntington's disease, gene therapy has also made good progress. Last year we published inNature Biomedical EngineeringA study published in a journal has confirmed that by repairing mutant genes in large animal models of Huntington's disease using gene-editing technology and replacing them with normal genes, the neurological toxicity and symptoms of the pig model can be improved. This supports the further use of gene therapy for the treatment of genetic diseases in neurodegenerative disorders.
@Frost & Sullivan Life Sciences Business Unit, Wang Peng
Regenerative medicine (stem cell therapy) is an effective treatment for neurodegenerative diseases. What challenges are currently facing it?
@Professor Li Xiaojang
Stem cell therapy still faces many challenges in the treatment of neurodegenerative diseases.
The first problem is regeneration, which remains a controversial topic in current research. If cells in the human brain can regenerate, what are the regeneration rate and efficiency? If the regeneration rate is only 1%, can it be used for treatment? Additionally, how long does it take for regenerated cells to be generated in the brain during treatment?
The second aspect is immunogenicity; foreign cells are rejected by the body's own cells, triggering an immune response to eliminate them. As a result, the transplanted stem cells cannot exert the therapeutic effects they were intended to. Currently, attempts are being made to use iPSC cells for regeneration and reduce immunogenicity for treatment;
The third is stem cell tumorigenicity.Although the oncogenic risk can be controlled within a very low range with the help of current product design and CMC quality inspection processes, long-term safety still requires more clinical samples and longer time for verification.;
Finally, there is the issue of drug efficacy, which refers to how stem cell drugs are delivered to the treatment site. There have been some studies on delivery methods, but these methods still need further exploration in the treatment of brain diseases. Fortunately, many patients currently have a high acceptance rate for stem cell therapy, which will further promote the clinical progress of stem cell therapy.
@Frost & Sullivan Life Sciences Business Unit, Wang Peng
The journey from scientific research to clinical application and then to the market launch of a pharmaceutical product involves numerous challenges. Could you share your experience from laboratory to commercialization? As well as Rui Zhen's technical layout and platform advantages in regenerative medicine?
@Professor Li Xiaojang
The purpose of engaging in basic research is to advance related fields and ultimately apply the findings to clinical practice, helping patients with neurodegenerative diseases receive treatment. Our team has previously been mainly engaged in basic research, and joining Rui Zhen Regenerative Medicine is also an opportunity for us to establish non-human primate models that can better promote translational research and achieve strong collaborations.
Rui Zhen Regenerative Medicine has currently established a comprehensive range of technologies including iPSC reprogramming and cell bank, immune and neural cell differentiation preparation techniques, as well as gene modification to construct engineered iPS cell lines, covering the entire process of iPSC cell therapy. The dopamine precursor cell differentiation preparation technology independently developed by Rui Zhen Regenerative Medicine has been authorized and is the first domestic enterprise to obtain relevant patent authorization. This product has completed pharmacodynamic verification studies in a primate Parkinson's disease model with ideal therapeutic effects, and an IIT clinical research project cooperation is currently underway. In addition, Rui Zhen focuses on the preparation of high-purity iNK derived from iPSC and the development of multi-module NK-enhanced iPSC products. It has established a high-purity differentiation technology for iNK and completed the first domestic animal experiment on engineered iNK. ADCC-enhanced iNK has shown strong tumor clearance and recurrence inhibition effects, which will provide a new treatment direction for tumor therapy.
Therefore,If basic research in universities and research institutes can collaborate effectively with Rui Zhen's reliable translational experience in regenerative medicine,There is hope for a complete chain from basic research to clinical translation, thereby promoting the launch of more drugs for the treatment of neurodegenerative diseases and cancer.
@Frost & Sullivan Life Sciences Business Unit Wang Peng
Rui Zhen Regenerative Medicine's technology platform covers the entire process of iPSC cell therapy and has developed cell therapies for neurodegenerative diseases and cancer tumor immune cell products. Can you introduce Rui Zhen Regenerative Medicine's product portfolio in related fields? iPSC has also conducted research on other diseases in global clinical trials, including the treatment of some rare diseases such as Huntington's disease. Does the company have any research progress in these disease areas?
@Professor Li Xiaojang
In the field of neurodegenerative diseases, Rui Zhen Regenerative Medicine holds the only authorized patent in China for the differentiation and preparation of dopamine cells highly relevant to Parkinson's disease treatment. In the field of immune cell therapy, Rui Zhen Regenerative Medicine has established patents for iPSC-NK cell differentiation and various gene-edited enhanced iPSCs, covering two key directions: cell differentiation and preparation, as well as functional enhancement in tumor immune cell therapy. It has become the first company in China to publish experimental results demonstrating strong tumor-killing effects of engineered NK cells derived from iPSCs in animal models.
Currently, Rui Zhen Regenerative Medicine has multiple clinical pipelines in progress, including two lines targeting neurodegenerative and oncology treatments: iDA001 and iNK001. It is also advancing product pipelines for Huntington's disease, stroke, and amyotrophic lateral sclerosis (ALS), which are currently in the reserve pipeline planning phase.
@Frost & Sullivan Life Sciences Business Unit Wang Peng
Whether it is neurodegenerative diseases or cancer immunotherapy, there are currently an increasing number of related research companies and clinical pipelines globally. How does Rui Zhen Regenerative Medicine continue to innovate and grow while maintaining a leading edge in the industry? What are the company's future development plans?
@Professor Li Xiaojang
Currently, globally, many companies and research institutions are dedicated to the development of iPSC cell therapy. There are mainly two key aspects: First, the quality and performance of iPSC cells prepared in different regions vary, depending on the experience and research capabilities of companies and research institutions. Rui Zhen Regenerative Medicine has very rich experience in cell culture, regeneration, and gene editing to differentiate iPSC cells into the desired cells; secondly, it is the therapeutic effect of iPSC cells, that is, whether iPSC cells can achieve the result of treating neuronal cell death in the brain. Currently, many studies use mouse models, which do not exhibit the characteristic of neuronal cell death, making it difficult to evaluate therapeutic effects. Rui Zhen Regenerative Medicine combines non-human primate models to effectively assess treatment outcomes, and then combines this with its previous rich experience to achieve a better clinical treatment result from in vitro to in vivo, through large model verification, and finally to achieve good clinical outcomes in clinical practice, further promoting the company's development.
In the future, on one hand, we will establish more, more precise, and more useful non-human primate models. A problem currently faced by these large animal models is that they have a relatively long breeding cycle; mice have a reproductive cycle of over twenty days, while monkeys can reach over one hundred sixty days. This is a challenge that limits the company's research and development efforts. We are currently experimenting with gene editing at specific brain regions in adult large animal models to create very typical characteristics of neuronal cell death, which will help us with our research on neurons. We can observe whether local stem cell therapy in the brain can restore dead cells and thus assess the therapeutic effect. By further integrating animal models with stem cell therapy, we aim to explore more diverse and suitable new research paths.
About Frost & Sullivan's Life Sciences Practice
The Life Sciences Practice of Frost & Sullivan has professional analytical capabilities and extensive project experience in the field of life sciences. Leveraging Frost & Sullivan's global think tank resources and the cross-industry business development platform in Greater China, the Life Sciences Practice has unique core advantages in investment and financing services for the life science industry. The Life Sciences Practice has a wide range of corporate clients in China, has established a vast client network over the past 20 years, and has accumulated extensive project experience in various sub-sectors of life sciences.
Project types include Knowledge Center projects (in-depth content, promotional activities), Pre-IPO projects (DCF valuation, business plan services), IPO listing projects (industry consulting, clinical audit, fundraising writing), market research, market value management, and strategic consulting. We also cooperate with well-known domestic and international information platforms and investment and financing institutions to provide one-stop solutions for enterprises in specialized sub-fields such as pharmaceuticals and medical devices, attracting widespread attention from investors.

