SAN DIEGO, CA--(Marketwired - Jul 18, 2013) - Medistem, Inc. (PINKSHEETS: MEDS), today announced that it entered into an agreement granting Cytori Therapeutics, Inc. (NASDAQ: CYTX) a license and the exclusive rights to use Medistem's U.S. Patent No. 8,241,621, "Stem Cell Mediated Treg Activation" in the United States. The licensed patent pertains to Cytori's Adipose-Derived Regenerative Cell (ADRC) based platform for the treatment of autoimmune diseases. "We are delighted to have formalized a licensing agreement with an adult stem cell leader like Cytori and look forward to working with them in the future," said Alan J. Lewis, Ph.D., CEO of Medistem. "We are pleased to have licensed this patent from Medistem because it strengthens our patent portfolio in the area of immune disease," said Marc H. Hedrick, President of Cytori Therapeutics. About Medistem, Inc. Medistem, Inc., is focused on the development of the Endometrial Regenerative Cell (ERC), a universal donor adult stem cell product. ERCs possess specialized abilities to stimulate new blood vessel growth and can differentiate into lung, liver, heart, brain, bone, cartilage, fat and pancreatic tissue. These unique properties have applications for treatment of critical limb ischemia (CLI), congestive heart failure (CHF), neurodegenerative diseases, liver failure, kidney failure, … Continue reading
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