SOURCE: Living Cell Technologies

March 16, 2008 22:26 ET

Living Cell Technologies Issued Fourth US Patent for DiabeCell®

MELBOURNE, AUSTRALIA and AUCKLAND, NEW ZEALAND--(Marketwire - March 16, 2008) - Living Cell Technologies Limited (ASX: LCT) (PINKSHEETS: LVCLY) today announced that a United States patent has been issued for the company's lead product DiabeCell®, currently in development for Type I diabetes.

This is the fourth US patent that has been issued to LCT for its lead product DiabeCell®. This patent covers the use of DiabeCell® in the treatment of Type I diabetes, and includes the technique for preparing encapsulated neonatal porcine pancreatic islets.

Dr Paul Tan, CEO of Living Cell Technologies said, 'The acceptance of the full patent by the US Patent office is a significant addition to our patent portfolio and will assist in the development of insulin producing cell transplantation.'

"Patented processes result from years of painstaking experimentation and validation by LCT. We have seen positive preliminary results in human clinical trials with this technology, and this supports the fact that the commercial implications and value added by this granted patent are noteworthy," Dr Tan continued.

LCT has several families of patents which have been filed worldwide including those for Neurotrophin Cell (LCT's product in pre-clinical development for the treatment of neurodegenerative diseases) as well as those surrounding methods of encapsulating live cells for human therapeutics.

About Living Cell Technologies:

Living Cell is developing cell-based products to treat life threatening human diseases. The Company owns a biocertified pig herd that it uses as a source of cells for treating diabetes and neurological disorders. For patients with Type 1 diabetes, the Company transplants microencapsulated 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. For the treatment of Huntington's disease and other neurological disorders, the company transplants microencapsulated choroid plexus cells that deliver beneficial proteins and neurotrophic factors to the brain. Living Cell's technology enables 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 offers medical-grade porcine-derived products for the repair and replacement of damaged tissues, as well as for research and other purposes.

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