LONDON, ONTARIO--(Marketwire - Mar 25, 2013) - Sernova Corp. ("Sernova" or the "Company") (TSX VENTURE:SVA) a clinical stage company today announced that it has been awarded a third non-refundable financial contribution of up to $254,000 from the National Research Council of Canada (NRC) Industrial Research Assistance Program (IRAP) for the optimization of its Sertolin technology within its Cell Pouch for the treatment of chronic diseases. This award brings the total contribution of IRAP to Sernova's Research and Development programs of over $1.0M since July 2009. Sernova's proprietary Sertolin technology protects therapeutic cell types, such as insulin producing islets from immune system attack locally within the Cell Pouch. Sernova believes its Sertolin technology has the potential to reduce or eliminate the need for expensive lifelong daily antirejection drug cocktails that make subjects susceptible to serious infections. The new IRAP financial contribution is being used for a key series of studies to optimize the long-term safety and efficacy of Sertolin with insulin-producing islets in the Cell Pouch. Data derived from this research will be used in a regulatory package for potential future testing in human clinical trials. "We are quite pleased to receive NRC-IRAP support once again," said Dr. Philip Toleikis President … Continue reading
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