ALAMEDA, Calif. & JERUSALEM--(BUSINESS WIRE)-- BioTime, Inc. (NYSE MKT: BTX) and its subsidiary Cell Cure Neurosciences Ltd. (Cell Cure) today announced that Cell Cure has been awarded a grant for 2012 of 5.04 million Shekels (approximately $1.33 million) from Israels Office of the Chief Scientist (OCS) to help finance the development of OpRegen, a cell-based therapeutic product in development by Cell Cure for the treatment of age-related macular degeneration. Cell Cures plans for the development of OpRegen include filing an application to commence human clinical trials in 2013. We wish to thank the Office of the Chief Scientist for their participation in advancing this important new application of regenerative medicine, said Charles Irving, PhD, Chief Executive of Cell Cure. The dry form of age-related macular degeneration is estimated to afflict over 7.3 million people in the United States alone. We anticipate that OpRegen will make a real difference in the quality of life of the aging population in many industrialized countries, and hence it is a strategic investment for not only Israel, but the world as a whole. Age-related macular degeneration is a severe form of acute vision loss and the leading cause of blindness in an aging population. It … Continue reading
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