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Mesenchymal Stem Cells Explained | iPS Cells & Regenerative Medicine

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TECHNOLOGY EXPLAINER

Mesenchymal Stem Cells (MSCs)
— more products are approved, but “why they work” is still unsettled

Mesenchymal stem cells are cells taken from bone marrow, fat, umbilical cord and other tissues and expanded by letting them attach to a culture dish. Products have been approved in Japan, the US, Europe and South Korea. Yet the prescribing information for a product approved in the US in December 2024 describes the mechanism of action as “unclear, but possibly related to immunomodulatory effects”. This article sorts out the definition, origins, culture difficulties, approval status and the debate over mechanism of action, from the viewpoint of materials and manufacturing.

Built from primary sources: statements of the International Society for Cell & Gene Therapy (ISCT), FDA prescribing information, the PMDA list of approved products, the EMA, South Korea's MFDS, and peer-reviewed papers / Last updated October 2026

MSCs spread across and adhere to the bottom of a culture dish on the left; a magnified MSC with small released molecules and vesicles on the right
AI-generated concept image of MSC culture and secretion. At left, MSCs adhere to and spread across the bottom of a culture dish; at right, a magnified cell releases materials and vesicles. This is not a micrograph or product image, and it does not establish how secreted material works in patients or prove a clinical benefit.
What this article covers
  1. What mesenchymal stem cells are, in three points
  2. Tissue of origin: how bone marrow, fat and umbilical cord differ
  3. Defining “MSC”: the ISCT minimal criteria and the debate over the name
  4. Culture and passaging: cells change the more they are expanded
  5. A materials engineer's view (1): choices of medium, substrate and freezing get into the cells' properties
  6. Approved products: Japan, the US, Europe and South Korea
  7. Our calculation: cells and DMSO in one dose of an approved product
  8. Why they work is not settled: three views
  9. A materials engineer's view (2): assay systems, and options that do not use cells
  10. iPS cell-derived MSCs
  11. Open problems, and what this article could not confirm
  12. Glossary / References / Claim-to-source audit
How claims are labelled in this article

Sourced = stated in published material or a paper (link given)
Our calculation = a value this article derived from assumptions it states
Not yet confirmed = a research-stage matter, an application under review or an outlook, with no confirmed track record
Structural arrangements and interpretations from a materials or process standpoint are marked separately as Commentary.

A note on medical content

This article is an explanation of materials technology and manufacturing technology. It does not evaluate the efficacy or safety of any treatment, recommend any product or treatment, and is not medical advice. Product names, approval dates and trial results are quoted only where they appear in regulators' documents or papers, and there is no intention to compare products with one another.

1. What mesenchymal stem cells are, in three points

Mesenchymal stem cells (MSCs) are “a group of cells with similar properties, taken from tissues such as bone marrow or fat and expanded by letting them attach to the surface of a culture dish”. In research they are also called “mesenchymal stromal cells”, and there is no single agreed name (Section 3).

  • Where they are taken from: bone marrow, adipose tissue and umbilical cord blood are the typical sources. The source tissue changes how readily the cells expand and their tendency to differentiateSourced
  • How they are defined: in 2006 the International Society for Cell & Gene Therapy (ISCT) proposed three minimal criteria: “adhere to plastic”, “carry defined surface markers” and “differentiate into bone, fat and cartilage cells”Sourced
  • What is difficult: the cells change the more they are expanded, their function can fall after freezing and thawing, and how they act in the body has not been settledSourced
The single most important line in this article

Being approved and understanding the mechanism of action are two different things. The prescribing information for Ryoncil, approved in the US in December 2024, describes the mechanism of action as “unclear, but possibly related to immunomodulatory effects”Sourced. For a materials engineer this means that “which quality attributes must be controlled to keep the effect” cannot be written down as a settled specification (our commentary).

2. Tissue of origin: how bone marrow, fat and umbilical cord differ

MSCs were first found in bone marrow, but they are now isolated from many tissues, including adipose tissue, umbilical cord blood and synovium. In 2006, Kern and colleagues compared MSCs obtained from bone marrow (BM), umbilical cord blood (UCB) and adipose tissue (AT) from the same standpointSourced.

MSC differences by tissue of origin (Kern et al. comparison, product sources) Note: the comparison comes from a single 2006 study; results can change with conditions. Bone marrow (BM) Adipose tissue (AT) Cord blood (UCB) Isolation success: 100% Isolation success: 100% Isolation success: 63% Colony frequency: intermediate Colony frequency: highest Colony frequency: lowest Culture time: shortest Culture time: intermediate Culture time: longest Proliferation: lowest Proliferation: intermediate Proliferation: highest Adipogenic differentiation: yes Adipogenic differentiation: yes Adipogenic differentiation: no Source of approved products (examples) Source of approved products (examples) Source of approved products (examples) Ryoncil, Temcell HS, Stemirac Alofisel, Allostem Sheet (Cord-derived: see Section 6) Note: comparison items follow the abstract of Kern et al. (2006) [Ref. 3]. "Intermediate" is this article's wording. Note: product sources follow the FDA label [Ref. 6] and the PMDA list of approved products [Refs. 9 to 14].
Fig. 1 Concept diagram (vector drawing). The comparison items follow the abstract of Kern et al. (2006) [Ref. 3]. Where “intermediate” is written, the abstract states only the two ends (highest and lowest), and this article filled in the middle from the ranking of the three tissues. The approved products are examples of sources, not a complete list.

The abstract of Kern and colleagues states that bone marrow collection is invasive and that the number and differentiation capacity of MSCs can fall with age, that fat has the highest frequency of MSCs, and that cord blood shows high proliferative capacitySourced. Even with the same “MSC”, where the cells are taken from is a design choice that affects their number, how readily they expand and their tendency to differentiate (our commentary).

The source also bears on how the cells behave when put into blood. Moll and colleagues point out that MSC products differ in the amount of tissue factor (TF), which has a strong pro-coagulant effect, and can trigger the “instant blood-mediated inflammatory reaction (IBMIR)” that occurs on contact with blood [Ref. 5]Sourced. The summary is that the safety of intravenous bone-marrow MSCs has been studied, but whether the same holds for newer products derived from fat or perinatal tissues is not knownSourced.

3. Defining “MSC”: the ISCT minimal criteria and the debate over the name

If each researcher isolates, cultures and evaluates cells differently, results cannot be compared. In 2006 the Mesenchymal and Tissue Stem Cell Committee of the ISCT proposed minimal criteria for defining human MSCsSourced.

ISCT minimal criteria for MSCs (2006) and the 2019 statement on naming A proposal that cells meeting all three conditions be called human MSCs. Condition 1: adherence Condition 2: surface markers Condition 3: differentiation Adheres to plastic under standard culture conditions Expressed: CD105, CD73, CD90 Not expressed: CD45, CD34, CD14 or CD11b, CD79α or CD19, HLA-DR Differentiates in vitro into osteoblasts, adipocytes and chondroblasts 2019 statement: keep "MSC", name the tissue source, match function assays to the intended mode of action Call a cell a "stem cell" only where there is rigorous evidence of stemness both in vitro and in vivo Note: the three conditions follow Dominici et al. (2006) [Ref. 1], and the 2019 statement follows Viswanathan et al. [Ref. 2] (abstracts).
Fig. 2 Concept diagram (vector drawing). The three conditions follow the abstract of Dominici et al. (2006) [Ref. 1] and the statement on naming follows the abstract of Viswanathan et al. (2019) [Ref. 2]. The exact cut-off values for positive and negative surface markers (what percentage) are not given here, because this article did not check the original text.

The 2006 proposal itself says that it “will need revising as new knowledge emerges”Sourced. Indeed, in 2019 the ISCT MSC committee issued a statement on naming. While supporting the abbreviation “MSC”, it recommended (i) giving the tissue of origin alongside it, (ii) using the term in the sense of “stromal” rather than “stem” cells unless rigorous evidence can be shown, and (iii) demonstrating the cells not by general properties but by a set of functional assays matched to the intended therapeutic mode of actionSourced.

On the name, Caplan proposed in 2017 renaming MSCs “Medicinal Signaling Cells”. His argument is that MSCs gather at sites of injury and act like “a drug factory on the spot”, secreting factors that promote immunomodulation and tissue repair, while it is the patient's own tissue stem cells that build new tissueSourced. Whether that view is right is taken up in Section 8.

What to notice as a materials engineer: the first line of the definition is a “material property”

The first of the ISCT minimal criteria is “adhere to plastic under standard culture conditions”Sourced. So part of the definition of an MSC depends on a material property, the surface of the culture vessel. It can be read that differences in surface treatment (such as hydrophilisation), the stiffness of the substrate and the presence of a coating could themselves become the selection conditions for “cells that attach and grow” (our commentary). For makers of cell culture vessels and substrates, the MSC is a cell that “touches materials by definition”.

4. Culture and passaging: cells change the more they are expanded

Few MSCs can be taken from the body, so for treatment and for research alike expansion in culture is the premise. But the expansion process itself moves the cells' properties.

The flow of an MSC product and the problems reported at each step (our arrangement) Note: the problem at each step was reported in a separate study. Collection Marrow, fat, etc. Adherent culture Repeated passaging Expansion Serum or substitute Cryopreservation Solution with DMSO Thaw, administer Meets the blood Marrow collection is invasive; with age, MSC numbers and differentiation capacity can fall At 7 to 12 passages (43 to 77 days): abnormal shape and growth arrest Changes build up from passage 1 In a bone marrow MSC comparison, platelet lysate grew faster and reached clinical- scale numbers within 2 passages Freeze-thawed cells had weaker immunomodulation and stronger complement activation than fresh cells Tissue factor levels differ by product; on contact with blood they may cause IBMIR (as pointed out by Moll et al.) Note: sources: collection, Kern [Ref. 3]; passaging, Wagner [Ref. 22]; medium, Bieback [Ref. 23]; freezing, Moll 2014 [Ref. 24]; contact with blood, Moll 2019 [Ref. 5]. Note: the five-step layout is this article's arrangement and does not show the real number or order of manufacturing steps.
Fig. 3 Concept diagram (vector drawing). The problems at each step follow the abstracts of Kern et al. [Ref. 3], Wagner et al. [Ref. 22], Bieback et al. [Ref. 23] and Moll et al. [Refs. 24 and 5]. The division into five steps is this article's arrangement; the studies used cells of different origins and conditions, so the figure does not show causation across steps.

Passaging: ageing starts from the first passage

Wagner and colleagues reported in 2008 that when human MSCs are kept in culture, abnormal shape, cell enlargement and falling surface-marker expression appear within 43 to 77 days (7 to 12 passages), and growth finally stopsSourced. Adipogenic differentiation capacity fell, and the tendency to differentiate into bone rose. They conclude that changes in gene expression are not a late-stage phenomenon but build up continuously with each passage, beginning at the first passageSourced.

So it is not only cells just before growth arrest that are a problem: “which passage the cells are from” is part of quality (our commentary).

Medium: from serum to substitutes

For clinical-scale manufacture, human serum and platelet-derived components have been considered in place of animal-derived fetal bovine serum (FBS). In 2009 Bieback and colleagues compared FBS, human serum, platelet releasate and pooled human platelet lysate (pHPL) for bone marrow MSCs, and reported that pHPL sped up proliferation most and reached clinically relevant numbers within the first two passagesSourced. Surface markers, differentiation capacity and immunosuppressive activity were similar whichever medium the cells were grown in. No spontaneous cell transformation was seen under any conditionSourced.

Freezing: the price of making it ahead

Allogeneic MSC products are envisaged as “made ahead”, frozen and thawed when needed. In 2014, Moll and colleagues reported that freeze-thawed MSCs had weaker immunomodulatory and haemocompatibility properties, and stronger complement activation, than cells taken from continuous cultureSourced. When exposed to serum for one hour, thawed cells were lysed twice as efficiently. They also describe, as an observation in a small number of patients, a response rate of 100% in the group given fresh, low-passage cells and 50% in the group given frozen, high-passage cells. This was a small comparison and reported as a trendSourced.

The reports so far show that even MSCs meeting the ISCT criteria differ in properties by passage, medium, freezing and source. In 2018 Galipeau and colleagues argued, from an analysis of the biological and pharmacological gaps between preclinical and clinical work and of the failures of advanced clinical trials, that a rational path to approval needs to be consideredSourced.

5. A materials engineer's view (1): choices of medium, substrate and freezing get into the cells' properties

What to notice as a materials engineer: a change of material becomes a “change in the cells' properties”

Reading the reports of Section 4 from the materials side shows the following points of contact (our commentary).

  • The culture surface: the first line of the definition is “adheres to plastic” (Section 3). Surface treatment and substrate stiffness are conditions that bear on the selection of cells that attach and grow. That substrate stiffness changes the direction of MSC differentiation was covered in this series' article on hydrogels
  • Medium components: moving from serum to platelet lysate sped up proliferationSourced. On the other hand, the FDA prescribing information states that Ryoncil is manufactured using reagents of human, porcine and bovine origin and that hypersensitivity to trace amounts of porcine and bovine proteins is possibleSourced. How far the origin of raw materials can be restricted shows up directly in the product's precautions
  • Cryopreservation solution and container: Ryoncil is a formulation of 70% electrolyte infusion solution (Plasma-Lyte A), 20% human serum albumin solution (25%) and 10% DMSO (all by volume), stored in the vapour phase of liquid nitrogen at or below −135°C, and it must be given within 5 hours of the start of thawingSourced. DMSO is named in the prescribing information as one cause of hypersensitivity. The composition of the cryopreservation solution, the material and cold resistance of the vial, and the uniformity of thawing are all matters of materials
  • Parts in the administration route: the prescribing information instructs the use of an infusion pump and a blood filter with a pore size of 40 to 260 µmSourced. The material and surface of the flow path the cells pass through are part of the conditions under which blood and cells meet

In short, it can be read that changing the materials of the medium, container, storage solution or flow path can come under review as “a change to the cell product”. This point is covered in more detail in this series' articles on GMP and on QbD and CMC.

6. Approved products: Japan, the US, Europe and South Korea

Products with MSCs as the active ingredient have been approved by regulators in several countries and regions. The kinds and dates of approval given here are those that could be confirmed in the regulators' documents.

Timing of MSC product approvals (as far as this article could confirm) Note: dots are placed roughly by month and year of approval. This is not a complete list. 2010 2012 2014 2016 2018 2020 2022 2024 2026 KoreaMFDS JapanMHLW EuropeEC/EMA USFDA Cellgram (July 2011) Cupistem (January 2012) Cartistem (2012, as stated in a review) Neuronata-R (2014, as stated in a review) Temcell HS (September 2015) Stemirac (December 2018, conditional and time-limited) Alofisel (September 2021) Akuugo (July 2024, conditional and time-limited) Allostem Sheet, Seibiscus (April to May 2026) Alofisel approved (March 2018) Alofisel approval withdrawn (December 2024) Ryoncil (December 2024) Note: Japan follows the PMDA lists of approved products [Refs. 9 to 14], the US the FDA [Refs. 6 to 8], and Europe the EMA [Ref. 16]. Note: Korea: MFDS pages [Refs. 18, 19] and a review [Ref. 21]. Pale dots: review only, original unchecked. Note: the open circle is the date of withdrawal. Positions are approximate and do not rank products.
Fig. 4 Concept diagram (vector drawing). Approvals in Japan, the US and Europe follow regulators' documents [Refs. 6 to 14 and 16]; the years for Korea's Cellgram and Cupistem follow the MFDS pages [Refs. 18 and 19]. Korea's Cartistem (2012) and Neuronata-R (2014) are as stated in a review [Ref. 21] and were not confirmed against the MFDS original. The positions of the dots are approximate and do not indicate the superiority or importance of any product.
Region / regulatorProduct (cells)Indication (as stated by the regulator)Kind and date of approval
US FDARyoncil (remestemcel-L-rknd)
Allogeneic bone marrow-derived MSCs
Steroid-refractory acute graft-versus-host disease (SR-aGVHD) in children aged 2 months and overApproved 18 December 2024. Orphan, Fast Track and priority review designations. The FDA described it as the first MSC therapy approved by the FDASourced
JapanTemcell HS Inj.
Allogeneic bone marrow-derived MSCs
Acute GVHD after haematopoietic stem cell transplantationApproved 18 September 2015 (orphan regenerative medicine product)Sourced
JapanStemirac Inj.
Autologous bone marrow-derived MSCs
Improvement of neurological symptoms and functional impairment associated with spinal cord injury (traumatic, limited to patients with ASIA impairment scale A, B or C)Conditional and time-limited approval on 28 December 2018 (SAKIGAKE designation). The approval period is 7 years, and an application for full approval was made on 14 November 2025. A full approval has not been confirmed within the scope of this articleSourcedNot yet confirmed
JapanAlofisel Inj.
Allogeneic adipose-derived MSCs
Complex perianal fistulas associated with Crohn's diseaseApproved 27 September 2021 (orphan regenerative medicine product)Sourced
JapanAkuugo Inj. for intracerebral implantation (vandefitemcel)
Allogeneic bone marrow-derived MSCs into which a plasmid vector encoding the intracellular domain of Notch-1 has been introduced
Improvement of chronic-phase motor paralysis associated with traumatic brain injuryConditional and time-limited approval on 31 July 2024 (orphan and SAKIGAKE designations). In a partial change on 8 December 2025, the approval condition that the product not be shipped until a partial-change approval based on the results of a quality comparability assessment was judged to have been “addressed” and was deletedSourced
JapanAllostem Sheet (nivadostrocel)
A sheet of allogeneic adipose-derived MSCs
Refractory, recurrent erosions and ulcers in epidermolysis bullosa (dystrophic, junctional and simplex types; severe generalised forms)Approved 3 April 2026 (orphan regenerative medicine product)Sourced
JapanSeibiscus Inj.
Autologous synovium-derived MSCs
Administration to the site of a meniscus injury sutured under arthroscopy (meniscus injury for which meniscectomy is indicated)Approved 8 May 2026Sourced
Europe EC/EMAAlofisel (darvadstrocel)
Allogeneic adipose-derived MSCs
Complex perianal fistulas associated with Crohn's disease in adultsApproved 23 March 2018. On 13 December 2024, at the request of the marketing authorisation holder (Takeda), the authorisation was withdrawn and sales in the EU ended permanentlySourced
Korea MFDSCellgram (autologous bone marrow-derived MSCs)
Cupistem (autologous adipose-derived MSCs)
Cellgram: acute myocardial infarction. Cupistem: fistulas in Crohn's diseaseCellgram in July 2011 and Cupistem in January 2012 (company statements on pages of the MFDS English site)Sourced
Korea MFDSCartistem (allogeneic cord blood-derived MSCs)
Neuronata-R (autologous bone marrow-derived MSCs)
Cartistem: knee cartilage defects. Neuronata-R: amyotrophic lateral sclerosisA review gives 2012 and 2014 respectively. Not confirmed against the MFDS originalNot yet confirmed

Japan: PMDA lists of approved products [Refs. 9 to 14]; US: FDA [Refs. 6 to 8]; Europe: EMA [Ref. 16]; Korea: MFDS pages [Refs. 18 to 20] and a review [Ref. 21]. The table gives representative examples and is not a complete list of approved products.

Ryoncil: what the prescribing information says

The efficacy of Ryoncil was evaluated in a multicentre, single-arm trial in children with SR-aGVHD (MSB-GVHD001, NCT02336230)Sourced. According to the prescribing information, of 55 enrolled, 54 received treatment, and the overall response rate at day 28 was 70% (38 patients, 95% confidence interval 56.4 to 82.0), with complete response in 30% (16 patients) and partial response in 41% (22 patients)Sourced. It was a single-arm trial without a control group, and the results cannot be compared directly with those of other treatments or products (a note by this article). At the time of approval the FDA described the mechanism of action as “unclear, but possibly related to immunomodulatory effects”Sourced.

What Alofisel in Europe showed

Alofisel was approved in Europe in 2018 and in Japan in 2021Sourced. Takeda then announced in October 2023 that the confirmatory phase 3 trial ADMIRE-CD II did not meet its primary endpointSourced. Sales in Europe ended in December 2024. It is an example of an approved product whose results can diverge in a later trial (our commentary).

7. Our calculation: cells and DMSO in one dose of an approved product

Using figures from the Ryoncil prescribing information, we do a calculation to get a feel for the scale of manufacturing and logistics. It does not show a treatment dose; it is purely an arithmetic example.

Our calculation

We assume a child weighing 20 kg and apply the dose in the prescribing information (2×10⁶ cells/kg, twice a week for 4 weeks, 8 doses in all)Our calculation.

  • Cells per dose: 2×10⁶ × 20 = 4×10⁷ cells
  • Amount per vial: the prescribing information states about 25×10⁶ cells. So 4×10⁷ ÷ 2.5×10⁷ = 1.6 vials' worth. Because the remainder cannot be reused (the label says not to store a partly used vial), we assume that 2 vials are thawed per dose
  • For 8 doses: cells given are 4×10⁷ × 8 = 3.2×10⁸ cells. Vials thawed are 2 × 8 = 16 (nominally 4.0×10⁸ cells). The share used is 3.2 ÷ 4.0 = 80%
  • Amount of DMSO: the formulation is 10% DMSO (by volume) and the vial volume is 3.8 mL (as stated under “Description” in the prescribing information). Per vial that is 3.8 × 0.10 = 0.38 mL. For 16 vials, 0.38 × 16 = about 6.1 mL (before dilution in the infusion fluid)

Assumptions and limits: the 20 kg body weight is an assumption of this article. The prescribing information also gives a different description of the same vial as a “6 mL cryovial”, so the volume is expressed differently in different editions and places. Actual numbers of vials and their use depend on the prescribing information and the treating institution, and this calculation is only to get the order of magnitude.

Cells, vials and DMSO for 8 doses at an assumed 20 kg (our calculation) An arithmetic example applying the dose and formulation figures in the Ryoncil label 4×10⁷ cells Cells given per dose 2×10⁶ cells/kg × 20 kg 16 vials Vials thawed over 8 doses 2 per dose × 8 doses 80% Share of cells used 3.2×10⁸ ÷ 4.0×10⁸ About 6.1 mL DMSO in 16 vials 0.38 mL × 16 vials Cells given are 3.2×10⁸, but the nominal amount frozen and shipped is 4.0×10⁸ Because the remainder cannot be used up, more frozen cells are carried than are given Note: dose (2×10⁶ cells/kg, 8 doses), ~25×10⁶ cells/vial, 3.8 mL and 10% DMSO (v/v) are from the Ryoncil label [Ref. 6]. Note: 20 kg, 2 vials thawed per dose and no reuse of remainder are our assumptions; 4×10⁷, 16 vials, 80% and 6.1 mL are our results. Note: not a treatment dose or vial count. Actual use depends on the label and the treating institution.
Fig. 5 Drawing that includes our calculation (vector drawing). The dose and formulation figures are as stated in the Ryoncil prescribing information [Ref. 6]. The 4×10⁷ cells, 16 vials, 80% and about 6.1 mL were calculated by this article and are not published values. The 20 kg body weight, and thawing 2 vials per dose without using the remainder, are assumptions of this article.

8. Why they work is not settled: three views

From the name “stem cell”, one tends to imagine that MSCs turn into the cells of a tissue in the body and replace damaged parts. This view, however, is becoming less mainstream. The present debate can be sorted into three broad views.

Three views on the MSC mechanism of action (our arrangement) Note: the views are not mutually exclusive, and several may operate depending on disease and conditions. View 1: engraft and replace View 2: secretions do the work View 3: dead cells do the work Administered cells settle in tissue and turn into other cells Factors and vesicles released at the injury site move the patient's cells Cells that break down after dosing are taken up by recipient cells Reported findings Reported findings Reported findings After IV infusion in mice, live cells were found only in the lungs, up to 24 hours, and were not found in other organs Particles of 50 to 100 nm released by MSCs (judged to be exosomes) reduced infarct size in mouse myocardial ischaemia-reperfusion In GVHD mice, MSCs had to be killed by the recipient's cytotoxic cells for immunosuppression. In patients, more responses with high cytotoxic activity Source: Eggenhofer et al. (2012) Mouse. Observing the fate of cells Source: Lai et al. (2010) Human ES cell-derived MSCs, mouse Source: Galleu et al. (2017) Mice and observation of GVHD patients Even in the label of an approved product, the mechanism of action is described as "unclear" Ryoncil label [Ref. 6]: possibly related to immunomodulatory effects
Fig. 6 Concept diagram (vector drawing). The basis for each view follows the abstracts of Eggenhofer et al. [Ref. 26], Lai et al. [Ref. 28] and Galleu et al. [Ref. 27]. Sorting them into three is this article's own arrangement, not a classification agreed among researchers. All rest on experiments in mice and similar systems or on observations in small numbers of patients, and do not show that the mechanism in humans has been settled.

View 1: engraft and replace — poorly supported by experiments

In 2012 Eggenhofer and colleagues gave 500,000 MSCs expressing red fluorescent protein into the tail vein of mice and examined the organs from 5 minutes to 72 hours later. They report that most of the radiolabel was in the lungs 1 hour after administration and in the liver at 24 hours. Live MSCs were in the lungs up to 24 hours and then disappeared, and were never found in other organs at any time pointSourced. The authors conclude that intravenously given MSCs are short-lived and cannot pass beyond the lungs, so that long-term immunomodulatory and regenerative effects must be mediated through other cellsSourced. The FDA's Ryoncil prescribing information also states that no pharmacokinetic studies were performedSourced.

View 2: secretions do the work — the basis for “cell-free” products

As in Section 3, Caplan takes the position that MSCs secrete factors at injury sites that promote immunomodulation and tissue repairSourced. In 2010, Lai and colleagues purified vesicles 50 to 100 nm in diameter (carrying exosome-associated proteins) from the culture supernatant of human embryonic stem cell-derived MSCs and reported that these purified exosomes reduced infarct size in mouse myocardial ischaemia-reperfusion injurySourced. In a 2017 review, Phinney and colleagues state that the contents of MSC-derived exosomes vary with the MSCs' tissue of origin, activity and surrounding cells, and that whether cell-free therapy is realistic depends, as with cell products, on controlling quality, reproducibility and potencySourced. The manufacture and regulation of exosomes themselves will be covered in this series' article on exosomes.

View 3: dead cells do the work — perhaps “the cells that arrive are the ones that work” is wrong

In 2017, Galleu and colleagues reported in a mouse GVHD model that MSCs were killed (apoptosis) by the recipient's cytotoxic cells, and that this process was needed for the start of immunosuppression. In GVHD patients too, they say only those with high cytotoxic activity against MSCs responded, and those with low activity did notSourced. They state that giving apoptotic MSCs made in vitro could substitute for the recipient's cytotoxic activity, and that production of IDO by the cells that engulfed them was needed for immunosuppressionSourced. If this view is right, conditions on the recipient's side, rather than “the number of cells that arrive alive” or “viability after thawing”, decide the result (our commentary).

A caution here

The basis for the three views is experiments in mice and observations in small numbers of patients. Which is the main mechanism in human treatment has not been settled within the scope of this articleNot yet confirmed. It may also differ with the disease and the route of administration.

9. A materials engineer's view (2): assay systems, and options that do not use cells

What to notice as a materials engineer: “what to measure as quality” has not been decided

In pharmaceutical manufacture, specifications tied to efficacy, such as the content and purity of the active ingredient, are set. But as Section 8 shows, what makes MSCs work has not been settled. The ISCT's 2019 statement likewise says that the set of functional assays is not generally fixed but should be chosen to match the intended therapeutic mode of actionSourced (our reading).

  • The assay system is itself part of the product: test methods that serve as proxies for potency are needed, such as co-culture systems that measure immunosuppression and systems that measure haemocompatibility (tissue factor, complement). Where the standardisation of reference cells, media and containers has not advanced, there is a point of contact for companies in analysis, measurement and reference materials
  • Manufacturing conditions move the “effect”: properties change with passage number, medium and whether the cells have been frozen (Section 4), so fixing the conditions and controlling changes become the centre of the specification
  • An option without cells: if secretions (exosomes and so on) are the main actors, there is a route of making the vesicles, not the cells, the product. In that case, however, a different set of materials and analytical problems appears: separation, purification and quantification (see the exosome article)

10. iPS cell-derived MSCs

MSCs taken from donors vary from donor to donor and can be expanded by passaging only a limited number of times. Because iPS cells can be expanded without limit, there is the idea that MSCs made from iPS cells could provide a large quantity of a uniform product from the same starting point. Jung and colleagues, in a 2012 review, set out this idea and the issues to be overcome before clinical useSourced.

In 2020, Bloor and colleagues reported the results of a phase 1 trial (NCT02923375) in which iPS cell-derived MSCs (CYP-001) were given to patients with steroid-resistant acute GVHDSourced.

  • Design: a multicentre, open-label, dose-escalation, single-arm trial. 16 were enrolled and one withdrew before dosing, so 15 were analysed. Given intravenously on day 0 and day 7, at 1×10⁶ or 2×10⁶ cells/kgSourced
  • Primary objective: safety and tolerability. CYP-001 was “safe and well tolerated”, and there were no serious adverse events assessed as related to itSourced
  • Secondary assessments: overall response, complete response and overall survival at day 100 were 86.7%, 53.3% and 86.7% respectivelySourced

This was a phase 1 trial of about 15 people without a control group, and these are secondary-endpoint figures. They cannot be compared with the results of other products or treatments and do not show efficacy (a note by this article). The authors state that “no clinical trial of iPS cell-derived cells had been completed until now”Sourced.

For how iPS cells themselves are made, their quality and the thinking about banks, see this series' articles on iPS cells and on autologous and allogeneic approaches. Within the scope of this article, no iPS cell-derived MSC product approved by a regulator could be confirmed (checked on the FDA list of approved products [Ref. 8] and the PMDA list of approved products for fiscal 2026 [Ref. 14])Not yet confirmed.

11. Open problems, and what this article could not confirm

(1) The mechanism of action is not settled

As Section 8 shows, even the FDA prescribing information describes the mechanism of action as “unclear”Sourced. Turning mechanism-based potency testing into specifications is a task for the future.

(2) The design of the trials behind approval

The efficacy of Ryoncil was evaluated in a single-arm trialSourced. Japan's Stemirac is at the stage where an application for full approval has been filed within the period of its conditional and time-limited approval, and the outcome is not settledNot yet confirmed. There are also cases like Alofisel, where the result of a confirmatory trial differed from the outlook at approvalSourced.

(3) Properties change with passage, medium, freezing and source

As in Section 4. The effect of changes in manufacturing conditions on quality needs to be confirmed product by product (our commentary).

(4) What this article could not confirm

  • The specific cut-off values for positive and negative surface markers in the ISCT minimal criteria (the original text was not checked)
  • Confirmation of the approval years of Korea's Cartistem and Neuronata-R in the MFDS originals, and confirmation of the Prochymal approvals in Canada and New Zealand in regulators' documents
  • Whether Stemirac will receive full approval (the outcome after the application of November 2025)
  • Details of how each MSC product is manufactured (medium, number of passages, whether bioreactors are used). Not given, because the published information for each product is limited
  • Sales and market size of approved products (not covered, since the policy is not to use market research firms' estimates)
Summary of this article
  • The definition of an MSC is three conditions: “adheres to plastic”, “three surface markers” and “differentiation into three lineages” (2006), and a 2019 statement calls for naming the tissue of origin and for functional assessmentSourced
  • Tissue of origin changes isolation success, ease of expansion and the tendency to differentiate. A comparison of bone marrow, fat and cord blood has been reportedSourced
  • Passaging, medium and freezing change the cells' properties. Growth stops at 43 to 77 days (7 to 12 passages), and weaker immunomodulatory properties after freeze-thawing have been reportedSourced
  • Products are approved in Japan, the US, Europe and South Korea. The US product Ryoncil was approved on 18 December 2024, and sales of Alofisel in Europe ended in December 2024Sourced
  • The Ryoncil prescribing information describes the mechanism of action as “unclear”. The engraftment, secretion and dead-cell views are debatedSourced
  • For 8 doses at an assumed 20 kg, 16 vials are thawed and 80% of the cells are used: that is the scale involvedOur calculation

12. Glossary

Mesenchymal stem cell (MSC)
A cell population isolated from bone marrow, fat and other tissues that grows attached to a culture dish. Also called mesenchymal stromal cells.
ISCT
The International Society for Cell & Gene Therapy. It proposed the minimal criteria for MSCs.
CD105, CD73, CD90
Surface markers that MSCs are said to express.
Passage
Moving expanded cells to a new vessel and continuing culture. The number of passages expresses the “age” of the cells.
Replicative senescence
The phenomenon in which cells stop growing after repeated divisions.
pHPL
Pooled human platelet lysate. A component added to the medium in place of FBS.
DMSO
Dimethyl sulfoxide. A cryoprotectant used in cell freezing solutions.
Tissue factor (TF)
A factor that starts blood coagulation. When present on a cell surface it promotes clotting on contact with blood.
IBMIR
Instant blood-mediated inflammatory reaction. A reaction of the complement and coagulation systems to cells that meet blood.
GVHD
Graft-versus-host disease. A condition in which transplanted cells attack the recipient's tissues.
Paracrine
Action of a substance released by a cell on other cells nearby.
Exosome
A membrane vesicle, tens to a little over a hundred nm in diameter, released by cells. A kind of extracellular vesicle.
Conditional and time-limited approval
A Japanese system for regenerative medicine products. If efficacy can be presumed in a limited number of cases, the product is approved early with conditions and a time limit, and verified after launch.
Single-arm trial
A trial design with no comparison control group, evaluating only the group that received the treatment.

13. References (primary sources)

  1. Dominici M et al. (ISCT) “Minimal criteria for defining multipotent mesenchymal stromal cells”, Cytotherapy 8:315 (2006) — doi.org
  2. Viswanathan S et al. (ISCT) “Mesenchymal stem versus stromal cells: ISCT MSC committee position statement on nomenclature”, Cytotherapy 21:1019 (2019) — doi.org
  3. Kern S et al. “Comparative analysis of mesenchymal stem cells from bone marrow, umbilical cord blood, or adipose tissue”, Stem Cells 24:1294 (2006) — doi.org
  4. Caplan AI “Mesenchymal Stem Cells: Time to Change the Name!”, Stem Cells Transl Med 6:1445 (2017) (PMC) — pmc.ncbi.nlm.nih.gov
  5. Moll G et al. “Intravascular Mesenchymal Stromal/Stem Cell Therapy Product Diversification: Time for New Clinical Guidelines”, Trends Mol Med 25:149 (2019) — doi.org
  6. US FDA “RYONCIL Prescribing Information” — fda.gov
  7. US FDA “FDA Approves First Mesenchymal Stromal Cell Therapy to Treat Steroid-refractory Acute Graft-versus-host Disease”, 18 December 2024 — fda.gov
  8. US FDA “Approved Cellular and Gene Therapy Products” (updated 17 September 2026) — fda.gov
  9. Pharmaceuticals and Medical Devices Agency (PMDA) “List of products approved in fiscal 2015 (regenerative medical products)” (in Japanese; PDF) — pmda.go.jp
  10. Pharmaceuticals and Medical Devices Agency (PMDA) “List of products approved in fiscal 2018 (regenerative medical products)” (in Japanese; PDF) — pmda.go.jp
  11. Pharmaceuticals and Medical Devices Agency (PMDA) “List of products approved in fiscal 2021 (regenerative medical products)” (in Japanese; PDF) — pmda.go.jp
  12. Pharmaceuticals and Medical Devices Agency (PMDA) “List of products approved in fiscal 2024 (regenerative medical products)” (in Japanese; PDF) — pmda.go.jp
  13. Pharmaceuticals and Medical Devices Agency (PMDA) “List of products approved in fiscal 2025 (regenerative medical products)” (in Japanese; PDF) — pmda.go.jp
  14. Pharmaceuticals and Medical Devices Agency (PMDA) “List of products approved in fiscal 2026 (regenerative medical products)” (in Japanese; PDF) — pmda.go.jp
  15. Nipro Corporation “Application for full approval of Stemirac Inj.” (in Japanese), November 2025 — kyodonewsprwire.jp
  16. European Medicines Agency (EMA) “Alofisel” EPAR page — ema.europa.eu
  17. Takeda “Takeda Announces Topline Results of Phase 3 ADMIRE CD II Trial of Alofisel”, October 2023 — takeda.com
  18. Ministry of Food and Drug Safety (MFDS), Korea English site, “Biological Products (Cell therapy products) Pharmicell Co., Ltd.” (Cellgram) — mfds.go.kr
  19. Ministry of Food and Drug Safety (MFDS), Korea English site, “Biological Products (Cell therapy products) ANTEROGEN” (Cupistem) — mfds.go.kr
  20. Ministry of Food and Drug Safety (MFDS), Korea English site, “Biological Products (Cell therapy products) Corestem, Inc.” (Neuronata-R) — mfds.go.kr
  21. Wright A, Arthaud-Day ML, Weiss ML “Therapeutic Use of Mesenchymal Stromal Cells: The Need for Inclusive Characterization Guidelines to Accommodate All Tissue Sources and Species”, Front Cell Dev Biol 9:632717 (2021) (PMC) — pmc.ncbi.nlm.nih.gov
  22. Wagner W et al. “Replicative senescence of mesenchymal stem cells: a continuous and organized process”, PLoS One 3:e2213 (2008) — doi.org
  23. Bieback K et al. “Human alternatives to fetal bovine serum for the expansion of mesenchymal stromal cells from bone marrow”, Stem Cells 27:2331 (2009) — doi.org
  24. Moll G et al. “Do cryopreserved mesenchymal stromal cells display impaired immunomodulatory and therapeutic properties?”, Stem Cells 32:2430 (2014) — doi.org
  25. Galipeau J, Sensébé L “Mesenchymal Stromal Cells: Clinical Challenges and Therapeutic Opportunities”, Cell Stem Cell 22:824 (2018) (PMC) — pmc.ncbi.nlm.nih.gov
  26. Eggenhofer E et al. “Mesenchymal stem cells are short-lived and do not migrate beyond the lungs after intravenous infusion”, Front Immunol 3:297 (2012) (PMC) — pmc.ncbi.nlm.nih.gov
  27. Galleu A et al. “Apoptosis in mesenchymal stromal cells induces in vivo recipient-mediated immunomodulation”, Sci Transl Med 9:eaam7828 (2017) — doi.org
  28. Lai RC et al. “Exosome secreted by MSC reduces myocardial ischemia/reperfusion injury”, Stem Cell Res 4:214 (2010) — doi.org
  29. Phinney DG, Pittenger MF “Concise Review: MSC-Derived Exosomes for Cell-Free Therapy”, Stem Cells 35:851 (2017) — doi.org
  30. Bloor AJC et al. “Production, safety and efficacy of iPSC-derived mesenchymal stromal cells in acute steroid-resistant graft versus host disease: a phase I, multicenter, open-label, dose-escalation study”, Nat Med 26:1720 (2020) — doi.org
  31. Jung Y, Bauer G, Nolta JA “Concise review: Induced pluripotent stem cell-derived mesenchymal stem cells: progress toward safe clinical products”, Stem Cells 30:42 (2012) (PMC) — pmc.ncbi.nlm.nih.gov
  32. ClinicalTrials.gov “NCT02336230: A Prospective Study of Remestemcel-L ...” — clinicaltrials.gov
  33. ClinicalTrials.gov “NCT02923375: A Study of CYP-001 for the Treatment of Steroid-Resistant Acute Graft Versus Host Disease” — clinicaltrials.gov

14. Claim-to-source audit

Claim in the textBasisLabel
That the minimal criteria for MSCs are three conditions: adherence to plastic under standard culture conditions; expression of CD105, CD73 and CD90 and non-expression of CD45, CD34, CD14 or CD11b, CD79α or CD19, and HLA-DR; and in vitro differentiation into osteoblasts, adipocytes and chondroblasts. That this was a 2006 proposalReference 1 https://doi.org/10.1080/14653240600855905Sourced
That the 2019 statement of the ISCT MSC committee supports the abbreviation MSC while recommending naming the tissue of origin, using the term in the sense of stromal rather than stem cells unless rigorous evidence exists, and a set of functional assays matched to the therapeutic mode of actionReference 2 https://doi.org/10.1016/j.jcyt.2019.08.002Sourced
The comparison of MSCs from bone marrow, cord blood and adipose tissue (isolation success 100% for marrow and fat and 63% for cord blood; colony frequency highest in fat and lowest in cord blood; culture time longest and proliferation highest in cord blood, shortest and lowest in marrow; no adipogenic differentiation in cord blood). That bone marrow collection is invasive and numbers and differentiation capacity can fall with ageReference 3 https://doi.org/10.1634/stemcells.2005-0342Sourced
That Caplan proposed renaming MSCs “Medicinal Signaling Cells”, holding that MSCs gather at injury sites and secrete immunomodulatory and trophic factors, while it is the patient's own tissue-specific stem cells that build new tissueReference 4 https://pmc.ncbi.nlm.nih.gov/articles/PMC5689741/Sourced
That the amount of tissue factor differs between MSC products and can cause IBMIR. That the safety of intravenous bone marrow MSCs has been studied, but whether it applies to products derived from fat or perinatal tissues is unknownReference 5 https://doi.org/10.1016/j.molmed.2018.12.006Sourced
That human MSCs reach abnormal shape, enlargement, falling surface-marker expression and growth arrest at 43 to 77 days (7 to 12 passages); the fall in adipogenic capacity and rise in the tendency toward bone; and that the changes proceed continuously from the first passageReference 22 https://doi.org/10.1371/journal.pone.0002213Sourced
That in bone marrow MSC culture pooled platelet lysate accelerated growth most and reached clinical numbers in the first 2 passages; that surface markers, differentiation and immunosuppression were similar in every medium; and that no spontaneous transformation was seenReference 23 https://doi.org/10.1002/stem.139Sourced
That freeze-thawed MSCs have weaker immunomodulatory and haemocompatibility properties and stronger complement activation than cells from continuous culture; that lysis after 1 hour of serum exposure was twice as efficient; and the trend in a small number of patients of a 100% response rate for fresh, low-passage cells and 50% for frozen, high-passage cellsReference 24 https://doi.org/10.1002/stem.1729Sourced
That there are biological and pharmacological gaps between preclinical and clinical work, and that advanced clinical trials fell short of expectationsReference 25 https://pmc.ncbi.nlm.nih.gov/articles/PMC6434696/Sourced
That Ryoncil is indicated for SR-aGVHD in children aged 2 months and over, using allogeneic bone marrow-derived MSCs. The dose of 2×10⁶ cells/kg twice a week for 4 weeks, 8 doses in all. The vial of about 25×10⁶ cells (both 3.8 mL and 6 mL are stated). The formulation of 70% Plasma-Lyte A, 20% human serum albumin solution (25%) and 10% DMSO (by volume). Dry shipper and vapour phase of liquid nitrogen at or below −135°C. Administration within 5 hours of the start of thawing, a 40 to 260 µm blood filter and an infusion pump. Hypersensitivity to DMSO and to porcine and bovine proteins as a contraindication. Manufacture using reagents of human, porcine and bovine origin. The mechanism of action as “unclear, but possibly related to immunomodulatory effects”. No pharmacokinetic studies. Not storing a partly used vialReference 6 https://www.fda.gov/media/184603/downloadSourced
That the MSB-GVHD001 trial (NCT02336230) was multicentre, prospective and single-arm, with 55 enrolled and 54 treated, an overall response rate at day 28 of 70% (38 patients, 95% confidence interval 56.4 to 82.0), complete response 30% (16 patients) and partial response 41% (22 patients)Reference 6 https://www.fda.gov/media/184603/download and Reference 32 https://clinicaltrials.gov/study/NCT02336230Sourced
That the FDA approval of Ryoncil was on 18 December 2024, with orphan, Fast Track and priority review designations, and that the FDA described it as the first MSC therapy approved by the FDAReference 7 https://www.fda.gov/news-events/press-announcements/fda-approves-first-mesenchymal-stromal-cell-therapy-treat-steroid-refractory-acute-graft-versus-hostSourced
That Ryoncil is listed on the FDA list of approved cellular and gene therapy products (updated 17 September 2026)Reference 8 https://www.fda.gov/vaccines-blood-biologics/cellular-gene-therapy-products/approved-cellular-and-gene-therapy-productsSourced
That Temcell HS Inj. was approved on 18 September 2015 (orphan), is made from allogeneic bone marrow-derived MSCs and is for acute GVHD after haematopoietic stem cell transplantationReference 9 https://www.pmda.go.jp/files/000228179.pdfSourced
That Stemirac Inj. received conditional and time-limited approval on 28 December 2018 (SAKIGAKE designation), uses autologous bone marrow-derived MSCs, and is for spinal cord injury (traumatic, ASIA A, B or C)Reference 10 https://www.pmda.go.jp/files/000231456.pdfSourced
That Alofisel Inj. was approved on 27 September 2021 (orphan), uses allogeneic adipose-derived MSCs, and is for complex perianal fistulas associated with Crohn's diseaseReference 11 https://www.pmda.go.jp/files/000246141.pdfSourced
That Akuugo Inj. for intracerebral implantation received conditional and time-limited approval on 31 July 2024 (orphan and SAKIGAKE designations), is allogeneic bone marrow-derived MSCs with a plasmid vector for the Notch-1 intracellular domain introduced, and is for chronic-phase motor paralysis associated with traumatic brain injuryReference 12 https://www.pmda.go.jp/files/000274840.pdfSourced
That in the partial change of 8 December 2025 for Akuugo, the approval condition on quality comparability was judged to have been addressed and was deletedReference 13 https://www.pmda.go.jp/files/000280052.pdfSourced
That Allostem Sheet (nivadostrocel; approved 3 April 2026, orphan) is a sheet of allogeneic adipose-derived MSCs for epidermolysis bullosa. That Seibiscus Inj. (approved 8 May 2026) uses autologous synovium-derived MSCs for meniscus injuryReference 14 https://www.pmda.go.jp/files/000282058.pdfSourced
That an application for full approval of Stemirac was filed on 14 November 2025, that the approval period is 7 years, and that a comparative survey of post-marketing results was carried outReference 15 https://kyodonewsprwire.jp/release/202511139038Sourced
That Alofisel was approved on 23 March 2018, and that on 13 December 2024 the authorisation was withdrawn at the request of the marketing authorisation holder and sales in the EU ended permanentlyReference 16 https://www.ema.europa.eu/en/medicines/human/EPAR/alofiselSourced
That Takeda announced in October 2023 that the ADMIRE-CD II trial did not meet its primary endpoint. That Alofisel is approved in Europe, Israel, Switzerland, Serbia, the UK and JapanReference 17 https://www.takeda.com/newsroom/newsreleases/2023/Takeda-Announces-Topline-Results-of-Phase-3-ADMIRE-CD-II-Trial-of-Alofisel-darvadstrocel-in-Complex-Crohns-Perianal-Fistulas/Sourced
That the company statements on the MFDS English site give approval of Cellgram (autologous bone marrow-derived MSCs) in July 2011 and Cupistem (autologous adipose-derived MSCs) in January 2012. That Neuronata-R is autologous bone marrow-derived MSCs intended for ALSReference 18 https://mfds.go.kr/eng/brd/m_30/view.do?seq=70957; Reference 19 https://mfds.go.kr/eng/brd/m_30/view.do?seq=71337; Reference 20 https://mfds.go.kr/eng/brd/m_30/view.do?seq=70956Sourced
That a table in a review lists Cartistem (allogeneic cord blood-derived MSCs, knee cartilage defects, 2012), Neuronata-R (2014) and Prochymal (Canada and New Zealand, 2012). That the review table's statement of the source of Cupistem (bone marrow) differs from the MFDS page (fat) and was not adoptedReference 21 https://pmc.ncbi.nlm.nih.gov/articles/PMC7921162/Not yet confirmed
That in mice given MSCs intravenously, most of the radiolabel was in the lungs at 1 hour and in the liver at 24 hours, and that live MSCs were found in the lungs up to 24 hours and in no other organReference 26 https://pmc.ncbi.nlm.nih.gov/articles/PMC3458305/Sourced
That in a mouse GVHD model, MSCs being killed by the recipient's cytotoxic cells was needed for the start of immunosuppression; that only GVHD patients with high cytotoxic activity responded; and that giving apoptotic MSCs in vitro could substitute, with IDO production by the cells that engulfed them requiredReference 27 https://doi.org/10.1126/scitranslmed.aam7828Sourced
That vesicles of 50 to 100 nm (exosomes) purified from the culture supernatant of human ES cell-derived MSCs reduced infarct size in mouse myocardial ischaemia-reperfusion injuryReference 28 https://doi.org/10.1016/j.scr.2009.12.003Sourced
That the contents of MSC-derived exosomes vary with the MSCs' tissue of origin, activity and surrounding cells, and that control of quality, reproducibility and potency is important for cell-free therapyReference 29 https://doi.org/10.1002/stem.2575Sourced
That the phase 1 trial of iPS cell-derived MSCs (CYP-001) (NCT02923375) enrolled 16 and analysed 15, gave 1×10⁶ or 2×10⁶ cells/kg on days 0 and 7, had safety and tolerability as its primary objective with no related serious adverse events, had overall response, complete response and overall survival at day 100 of 86.7%, 53.3% and 86.7%, and was described as the first completed clinical trial of iPS cell-derived cellsReference 30 https://doi.org/10.1038/s41591-020-1050-x and Reference 33 https://clinicaltrials.gov/study/NCT02923375Sourced
The summary of the idea of iPS cell-derived MSCs and the issues before clinical useReference 31 https://pmc.ncbi.nlm.nih.gov/articles/PMC3784250/Sourced
At an assumed 20 kg child: 4×10⁷ cells per dose, 3.2×10⁸ cells over 8 doses, 16 vials with 2 thawed per dose, a usage share of 80%, and about 6.1 mL of DMSO (0.38 mL × 16). The conversion of 1.6 vials' worthOur calculation. The 20 kg body weight, thawing 2 vials per dose and not reusing the remainder are assumptions of this article. The vial volume of 3.8 mL was adopted. It does not show a treatment dose or number of vialsOur calculation
Whether Stemirac will receive full approval; the specific cut-off values for surface markers in the ISCT minimal criteria; confirmation of the approval years of Korea's Cartistem and Neuronata-R in MFDS originals; confirmation of the Prochymal approvals in Canada and New Zealand in regulators' documents; details of how each product is manufacturedPrimary information could not be confirmed within the scope of this article, so these are not stated or are treated as not yet confirmedNot yet confirmed
Which of the three views of the mechanism of action (engraft and replace, secretions do the work, dead cells do the work) is the main one in human treatmentConditions differ between studies and this has not been settled within the scope of this article. The sorting into three is this article'sNot yet confirmed
Whether any product approved as an iPS cell-derived MSC existsChecked by this article: product names and nonproprietary names on the FDA list of approved products and the PMDA list of approved products for fiscal 2026 were checked, and no iPS cell-derived MSC product was found. Lists from other regulators and other years were not covered exhaustivelyNot yet confirmed
The reading that the first line of the MSC definition depends on the surface of the culture vessel. The reading that changing the materials of medium, container, storage solution or flow path can come under review as a change to the cell product. The points of contact with assay systems and reference materials. Arranging the manufacturing process in five steps. Sorting the mechanism into three. Setting out the kinds of approval (standard and conditional and time-limited approval) side by sideThis article's own framing and commentary based on published content. Not views expressed by the authors or institutionsCommentary
That Figs. 1, 2, 3, 4, 5 and 6 are explanatory drawings (Fig. 5 includes our calculation), and that the hero image is an AI-generated imageA note by this articleCommentary

Last updated 1 October 2026. Sources are limited to primary material (regulators' documents, peer-reviewed papers, society statements and companies' official announcements). No estimates of market size or share are used. Because the article includes structural readings and interpretations from a materials-design standpoint, those are marked as Commentary and kept separate from sourced fact. The specific cut-off values of the ISCT minimal criteria, confirmation of the approval years of some Korean products against the originals, whether Stemirac will receive full approval, settlement of the mechanism of action, and whether any iPS cell-derived MSC product is approved could not be confirmed in published primary sources, and are not stated or are treated as not yet confirmed. All figures are for explanation. Figs. 1, 2, 3, 4 and 6 are concept diagrams (vector drawings), Fig. 5 is a drawing that includes our calculation (vector drawing), and the hero image is an AI-generated image; none of them shows real cells, a microscope image or an actual product. This article explains technology. It is not medical advice and does not recommend any product.

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