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Vet-Stem Signs License Agreement With Affiliate in Australia for Veterinary Stem Cells
Date:11/8/2010

SAN DIEGO, Nov. 8, 2010 /PRNewswire/ -- Vet-Stem, Inc. announced that a sub-license agreement with Australian Veterinary Stem Cells LTD (AVSC) has been completed which secures Vet-Stem's third affiliate to deliver its cutting-edge stem cell services to veterinarians for treating horses, dog and cats.  AVSC is now authorized by Vet-Stem to deliver these stem cell services in Australia, New Zealand and Singapore.  

Vet-Stem holds the exclusive worldwide rights to the University of California and University of Pittsburgh (via Artecel, Inc.) patent portfolios of over 55 issued patents covering the use of stem cells derived from fat tissue.

As the first and largest company in the world to offer fat-derived stem cell services for veterinary use, Vet-Stem has rapidly developed the market, treating over 6,500 horses and dogs.  The company has moved to solidify its global leadership role by developing licensees with strong experience in key areas of the world.  The first license was issued to the Central Veterinary Research Laboratory in Dubai with rights for 13 Middle East Countries.  The second license was issued to Chemaphor, a public company in Canada, with laboratories in Prince Edward Island, adjacent to the Atlantic Veterinary College.   This third license solidifies the distribution network by adding the Australia/New Zealand markets, with promise for opening up Asia via the Singapore connections for AVSC.

AVSC is closely affiliated with global stem cell leader, Monash University (Melborne, Australia), and the renowned laboratory of Dr. Richard Boyd.  Boyd is a global expert in adult stem cells and has been working with stem cells from fat tissue for many years.  His scientific guidance will help AVSC rapidly enter the veterinary markets in their assigned territories.

"Intellectual property rights can be confusing in a rapidly developing market with evolving technology," said Bob Harman, DVM, MP
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SOURCE Vet-Stem, Inc.
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