SOURCE: TheraKine

TheraKine

January 14, 2016 07:50 ET

TheraKine and Cell Care Therapeutics Engage in a License and Development Agreement

SAN FRANCISCO, CA--(Marketwired - Jan 14, 2016) - TheraKine, Ltd., a privately held drug delivery company, and Cell Care Therapeutics, Inc, a privately held stem cell therapeutics company, have entered into a licensing agreement to use TheraKine's injectable sustained release technology to enable Cell Care's stem cell therapies for diseases of the eye that commonly cause blindness.

TheraKine has developed sustained release delivery technology platforms for injectable local delivery of biologic agents and live cells.

Cell Care uses stem cells to treat degenerative and inflammatory diseases of the eye.

"It gives us all confidence to know that the effects of our proprietary regenerative therapies can be extended to many months in order to direct neuro-vascular repair and treat chronic inflammatory and degenerative ocular diseases over a clinically relevant period of time," said Nicolas Sohl, CEO of Cell Care. "We hope that we will soon be in human studies to help prevent otherwise incurable conditions that leave people blind or disabled."

Seth Yakatan, CEO of TheraKine, stated, "It is very exciting being part of the solution to enable many months of therapy with stem cells, using technologies we originally developed for antibodies, especially since stem cells show promise as the future of therapy for many difficult diseases."

The companies did not disclose the terms of the license.

TheraKine Ltd.  
245 33rd Street  
Hermosa Beach, CA 90254  
Office: 310 374 0808  
info@therakine.com  
http://www.therakine.com/   

Cell Care Therapeutics, Inc.
362 Havana Ave.
Long Beach, CA 90814
Office: 562-889-4383
info@cell-care.com  
http://www.cell-care.com/

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