SOURCE: Living Cell Technologies

May 07, 2008 21:57 ET

Living Cell Technologies Diabetes Treatment Featured on Channel Ten News

MELBOURNE, AUSTRALIA and AUCKLAND, NEW ZEALAND--(Marketwire - May 7, 2008) - Living Cell Technologies Limited (ASX: LCT) (PINKSHEETS: LVCLY) today announced that Australian television Channel Ten News will feature the Company's world first islet cell treatment being developed for insulin dependent diabetes on its news segment between 5:00pm - 6:00pm this evening.

The news segment will include Professor Bob Elliott, LCT's Medical Director, recounting LCT's therapeutic approach of using encapsulated porcine insulin producing cells, DiabeCell®, and an interview with Michael Helyer, the world's first patient to be implanted with a prototype of DiabeCell®. Ten years following his treatment, porcine insulin was detected in Mr Helyer's blood after an oral glucose dose, indicating that the cells were still alive and functioning.

LCT has further developed DiabeCell® as a new way of delivering insulin for people not able to produce insulin themselves. The news program will highlight the remarkable observation that with the new DiabeCell®, a patient suffering from type 1 diabetes for 15 years and enrolled in a continuing Phase I/IIa clinical trial of DiabeCell®, has been able to stop insulin injections for 5 months after a first dose, which was given without any immunosuppressive drugs -- something not previously possible. Promising interim results from this ongoing Phase I/IIa clinical trial were announced by the Company on March 31, 2008 at the International Diabetes Federation (IDF) Congress in Wellington, New Zealand, and the NZBio Conference in Auckland, New Zealand.

A web link to the program will be accessible on the Living Cell Technology website from tomorrow afternoon (

About Living Cell Technologies:

Living Cell is developing cell-based products to treat life threatening human diseases. The Company owns a bio-certified pig herd that it uses as a source of cells for treating diabetes and neurological disorders. For patients with type 1 diabetes, the Company implants micro-encapsulated islet cells so that near-normal blood glucose levels may be achieved without the need for administration of insulin or at significantly reduced levels. The company entered clinical trials for its diabetes product in 2007. The Company is developing treatments for Huntington's disease and other neurological disorders that involve implantation of micro-encapsulated choroid plexus cells to deliver beneficial proteins and neurotrophic factors to the brain. Living Cell's technology has the potential for allowing healthy living cells to be injected into patients to replace or repair damaged tissue without requiring the use of immunosuppressive drugs to prevent rejection. Living Cell also is developing medical-grade porcine-derived products for the repair and replacement of damaged tissues, as well as for research and other purposes. The changes in this paragraph reflect that the company only is developing or might develop certain products, and is not manufacturing or selling any products other than DiabeCell.

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