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Stem Cell Innovations and ALS Association announce collaboration
Houston TX- USA and Calabasas Hills- CA- USA - December 11-
2006 - Stem Cell Innovations- Inc. (SCLL.OB) and The ALS
Association- a non-profit health organization dedicated to finding
a cure for amyotrophic lateral sclerosis (ALS)- announced today a
two-year discovery alliance. Stem Cell Innovations (SCI) will
develop human motor neuron models based on its proprietary
PluriCell(TM) technology that can be used for high-throughput
screening. Subsequently- the cell models will be used by alliance
partner Galapagos to discover novel drug targets for ALS. Under the
terms of the agreement- SCI will receive 400-000 Euros ($512-000)
from The ALS Association- upon completion of certain milestones. In
addition- SCI has the option to further develop certain
cell-therapy applications based on results identified in the
program.
"The human motor neuron cultures derived from our PluriCellswill form the basis of this exciting alliance-" said Stem CellInnovations CEO Dr. James Kelly. "We are very pleased to becollaborating with The ALS Association and Galapagos on thisdiscovery project."
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