Stem Cell Therapeutics Corp.

Stem Cell Therapeutics Corp.

October 16, 2006 08:30 ET

Stem Cell Therapeutics Corp. to Present at the 6th Annual Stem Cells & Regenerative Medicine Conference

CALGARY, ALBERTA--(CCNMatthews - Oct. 16, 2006) -

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Stem Cell Therapeutics Corp. (TSX VENTURE:SSS) ("SCT") announced today that Dr. Allen Davidoff, VP Product Development, will be speaking at the 6th Annual Stem Cells & Regenerative Medicine conference being held in Pittsburgh, PA, October 16-17, 2006. In the presentation titled "Capitalizing on Endogenous Stem Cell Populations", Dr. Davidoff will discuss SCT's focus on developing therapeutics that stimulate endogenous adult stem cell populations to replace damaged, lost or diseased tissue.

About NTx™-265: NTx™-265 is a therapeutic regimen of two drugs being developed by SCT for the treatment of stroke. Human chorionic gonadotropin (hCG) is the first drug administered in the regimen, and aims to increase the number of neural stem cells (NSCs) located in the brain of a patient suffering from a recent stroke. Erythropoietin (EPO) is the second drug administered in the regimen, and aims to promote the differentiation of these newly formed NSCs into new neurons. New neurons thus formed are anticipated to provide benefit to the patient through the replacement of the brain cells that were lost or damaged by the stroke.

About Stem Cell Therapeutics Corp.: Stem Cell Therapeutics Corp. (SCT) is a biotechnology company focused on the development and commercialization of drug-based therapies to treat central nervous system diseases. SCT is a leader in the development of therapies that utilize drugs to stimulate a patient's own resident stem cells. The company's programs aim to repair neurological function lost due to disease or injury. Our currently enrolling phase IIa clinical program for NTx™-265 targets the treatment of stroke by repurposing approved and clinically well defined drugs. The company's extensive patent portfolio of owned and licensed intellectual property supports the potential expansion into future clinical programs in numerous neurological diseases.

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Except for historical information, this press release may contain forward-looking statements, which reflect the Company's current expectation regarding future events. These forward-looking statements involve risk and uncertainties, which may cause but are not limited to, changing market conditions, the successful and timely completion of clinical studies, the establishment of corporate alliances, the impact of competitive products and pricing, new product development, uncertainties related to the regulatory approval process and other risks detailed from time to time in the Company's ongoing quarterly and annual reporting.

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