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University of Louisville researchers sign global licensing agreement
Date:10/30/2013

id Dr. James Ramsey, president of UofL. "Dr. Ildstad was among the first faculty members hired utilizing seed funds from the state to help us attract highly talented researchers through the Bucks for Brains program. Regenerex demonstrates the potential for that vision to be realized bringing new jobs to the city, adding to the revenue from the Tax Increment Financing district and providing funding to UofL in support of our academic mission."

The collaboration provides for investments in research, as well as milestones and royalty payments from Regenerex to the University of Louisville in connection with commercialization of the FCRx technology. The therapeutic potential for the technology is wide ranging. The collaboration also involves a sponsored research agreement to support a multi-year collaboration between Regenerex, UofL and the Novartis Institutes for BioMedical Research to pioneer new applications of the technology.

"The 'holy grail' of transplantation is immune tolerance, that is making the body recognize a transplanted organ as 'self' and not reject it as foreign tissue, but without the need for immunosuppressive drugs with their numerous serious side effects," said Dr. David L. Dunn, executive vice president for health affairs at UofL. "Dr. Ildstad and her team may well have solved this puzzle."

Ramsey noted that in addition to the supreme efforts of the research team, it would not have been possible for the work to move forward without the support of the state, the National Institutes of Health, the Department of Defense, Jewish Hospital Foundation, Kentucky Science and Technology Corporation and the National Stem Cell Foundation.

"It is immensely rewarding for our donors to know they helped move potentially life-changing therapies closer to being available for people in need worldwide," said Paula Grisanti, chair of the National Stem Cell Foundation.


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Contact: Gary Mans
gary.mans@louisville.edu
502-852-7504
University of Louisville
Source:Eurekalert  

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