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Subsidiary will seek to acquire assets and businesses in the stem cell and regenerative medicine fields
ES Cell International Pte Ltd.(ESI), a Singaporecompany that developed the first human embryonic stem cells generated under conditions designed to be compliant with current good manufacturing practices (cGMP). ESI holds significant intellectual property assets in the stem cell field, including a patent cross license with Geron Corporation(NASDAQ: GERN) providing a non-exclusive, worldwide cross license to certain patent rights owned by Geronand ESI covering the differentiation of neural cells from human embryonic stem cells. Cell Cure Neurosciences Ltd., a majority-owned subsidiary of BioTimethat is developing therapeutic products derived from stem cells for the treatment of retinal and neural degenerative diseases. Cell Cure's lead product is OpRegen™, a retinal cell product for use in the treatment of age-related macular degeneration. Glycosan BioSystems, Inc., the developer of HyStem® hydrogel products, from which BioTimeis developing Renevia™ as a biocompatible, implantable hyaluronan and collagen-based matrix for cell delivery in human clinical applications. As an injectable product, Renevia™ may address an immediate need in cosmetic and reconstructive surgeries and other procedures by improving the process of transplanting adipose-derived cells, mesenchymal stem cells, or other adult stem cells. Cell Targeting, Inc., the developer of peptide-based technologies that may facilitate directing human cells derived from embryonic stem and induced pluripotent stem cells to sites in the body where the cells can exert a therapeutic effect. These technologies are being used by BioTime’s subsidiary OncoCyte Corporationfor its research and development related to genetically modified human embryonic stem cell-derived vascular progenitors designed to target and destroy malignant tumors. Xennex, Inc., the holder of exclusive worldwide rights to market GeneCards®, the leading human gene database, which was acquired by BioTime’s subsidiary LifeMap Sciences, Inc.GeneCards® provides concise genomic, transcriptomic, genetic, proteomic, functional, and disease-related information on all known and predicted human genes. In addition, LifeMap is currently developing two additional databases: LifeMap, a database for stem cell biology, and MalaCards, a disease database. Together, this integrated database suite will provide state-of-the-art information and research products for the medical research community.
“Global advances on multiple fronts of stem cell biology have established the foundation for an integrative business approach to consolidate and translate these discoveries into products that may revolutionize clinical medicine,” said
“The breadth of Dr. Okarma’s experience in the field of cell-based therapeutics is simply spectacular,” said
Dr. Okarma has had a distinguished career as a physician and an innovator and executive in the biotechnology industry. Dr. Okarma served as Geron’s President, Chief Executive Officer, and as a member of its board of directors from
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