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Court Determines that University of Pittsburgh and Artecel Have Sole Rights to Adipose-Derived Stem Cell Patent
Date:6/19/2008

y notice and without the knowledge of Drs. Katz and Llull, the California Court, Pittsburgh or Artecel. The PTO initially issued the decision sought by UC. However, after reviewing the situation, the PTO revoked its decision and restored Drs. Katz and Llull as inventors. In August 2007, the Court granted Pittsburgh Summary Judgment on the key issue that Pittsburgh's inventors, Drs. Katz and Llull, were properly named inventors on the patent. The Court's decision reserved for trial only the question of whether Dr. Hedrick and the other UC scientists were properly named as additional inventors or not. On June 9, 2008, the Court issued its decision on this last key issue in favor of Artecel's licensor Pittsburgh, and against Dr. Hedrick and the other UC scientists.

"We are extremely pleased that the Court has ruled comprehensively in favor of the Pittsburgh inventors' position," said Linda Powers, Chairperson of Artecel's Board. "The work by Drs. Katz and Llull opened up the important category of adipose-derived adult stem cells, and they deserve to receive proper inventorship recognition. We are also happy to have the inventorship issue clearly resolved so that confusing business reports and public announcements by other parties can cease, and the development of useful medical treatments from these cells can proceed more smoothly from here."

About ARTECEL. Artecel is a privately held biotech company developing cell banking of adipose stem cells, therapeutics using adipose stem cells (for example, for soft tissue and cosmetic applications), and research tools for drug discovery and toxicity testing. Artecel is owned by Toucan Capital, an investment fund based in Bethesda, Maryland. Toucan is the leading US investor in stem cells and regenerative medicine. For more information about Artecel, please visit the company's website at http://www.artecel.com.


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