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Histogenics Internship, Summer 2017

Finance and Clinical Trials

12/21/2017

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Developing a product in a new area of science is not easy.  It requires that your ideas work, but also that your company can get the money, research and clearance from the government together as well.  Doing clinical trials, for example, takes a long time, and a lot of money - without the backing from the financial sector, the project would never get off the ground. 

​At Histogenics, the financial department at Histogenics communicates with each other branch of the company to create budget plans, as well as contracting and attracting investors, all to make sure the company can continue running. Financial employees learn about what the other departments do and what they need, then use the information to plot out the company’s purchases and operations, accommodate for new employees or facilities, and communicate with investors to ensure the company has the money it needs to meet these demands. They stay informed on the market situation and competitors to Histogenics as well.


The Clinical Trial process involves the physical cartilage implantation surgery as well as the preparation for post op  physical therapy treatment for the patient. The initial step of the surgery is to determine the area of the cartilage that is  unhealthy, and remove its remains. The defect is in turn surrounded by healthy cartilage. The Neocart is then cut according to size and shape of the patient’s defect. To improve efficiency, surgeons first use foil to create a template of the affected area. To operate on the defect, it may be necessary to bend the patient’s knee at a specific angle.  The defected area is  covered in the CT3 bio adhesive on both  top and bottom of the Neocart before using the curing component to solidify the healthy cartilage.. Following the surgery, the patient will spend six weeks in rehabilitation, which is much quicker and easier than the existing cartilage recovery process. I learned that a “quick and easy” surgery is extremely hard.  

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    ​Andrew Carr
    Andrew Dembowski
    Gavin Garland

    We are seniors at SJP who are interested in science. Last summer, we participated in a two-week summer internship at Histogenics in Waltham.  Thanks so much to the Histogenics Company for making their time available to us, and especially chief technology officer Steve Kennedy, whose idea it was to make the experience possible.  Thank you!!

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  • Home
  • Student Research
    • Biodigester Cell
    • Eel Grass Studies
    • Tesla Coil
    • Research Archives >
      • Aquaponics Blog
      • Deep Learning for BCI
      • Wind Energy Research
      • Bioluminesence
      • Essential Oils
  • Lab Visits
    • Lab Visit Archive >
      • Greentown Labs
      • Histogenics
      • MASS CEC
      • MIT Plasma Physics Center
      • Novartis 2017
      • Novartis 2016
      • US GreenBuild - Boston 11/8/17
  • Physics Olympics 18-19
    • Paper Airplanes 17-18
    • Glider Competition 16-17
  • Internships + More
    • Histogenics 2017