Serica Technologies Receives ISO Certification, Meets International Standards for Medical Device Man... (h the confidence demonstrated by our inv...)

Serica Technologies Receives ISO Certification, Meets International Standards for Medical Device Manufacturing

Date:11/19/2008

h the confidence demonstrated by our investors, particularly in this challenging economic environment, this additional funding provides Serica with a very strong financial position to execute on our commercialization plan for the SeriACL in Europe, and to continue our clinical program to gain approval in the U.S. market," said Altman.

Serica is also moving forward with expanding its clinical, engineering and scientific teams, as part of the company's strategic growth plan. "We have added significant depth in both R&D and quality affairs, and have expanded our staff in other key areas, in our planned approach to prepare for commercialization," Altman added. "We now have 35 employees, including an exceptional team of research, regulatory, manufacturing and business professionals, with additional hiring planned in 2009."

About Serica's Biomaterials

The body's structural tissue can be destroyed, removed or weakened due to trauma, disease or aging. Serica is developing natural, silk biomaterials designed to act as "scaffolds" to provide support and relief to damaged tissues, in order to promote restored function. The company's ligament grafts for ACL repair, surgical meshes and gels, are comprised of the fiber protein of the B. mori silkworm, which has centuries of human use. In pre-clinical studies, Serica's silk-based products are shown to be bioresorbed at slower rates than other common structural proteins, such as collagen, to enable optimal healing. Its products require no re-hydration or advance preparation for surgical implantation.

Serica is developing products for a wide variety of applications where current materials fail to meet the needs of clinicians and patients, including connective tissue repair of the knee, shoulder, abdomen, breast, neck and face.

About Serica Technologies Inc.

Serica Technologies, Inc., formerly Tissue Regeneration, Inc., i
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Serica Technologies Receives ISO Certification, Meets International Standards for Medical Device Man...(h the confidence demonstrated by our inv...)