Navigation Links
Hadasit Bio-Holdings Ltd. Portfolio Company - Cell Cure Neurosciences Ltd. Received Additional Government Support
Date:5/23/2013

JERUSALEM, May 23, 2013 /PRNewswire/ -- Hadasit Bio-Holdings Ltd. (TASE: HDST, OTC: HADSY), a publicly traded portfolio of biotech companies, based on intellectual property developed and owned by Hadassah University Hospital, Israel's foremost medical research center, today announced that its portfolio company, Cell Cure Neurosciences Ltd., received significant funding from the Israeli Ministry of Industry and Commerce, Office of the Chief Scientist (OCS) to support product development and advance clinical trials. Cell Cure's development budget totaling NIS 11.5 million (over $3 million USD) was approved for a grant of close to 50% financial support.

CEO of Hadasit Bio-Holdings, Ophir Shahaf , stated, "We are very pleased with the recent grant approvals. This substantial government support, particularly at a time of cut backs in government spending, is a vote of confidence and an expression of faith. The OCS conducted a rigorous evaluation of Cell Cure's scientific, managerial and potential. The financial support will fund up to 60% of certain aspects of the company's activities. Cell Cure is at the forefront of the regenerative medicine field with stem cell therapies posing as the promising future of medicine, attracting worldwide scientific reviews and substantial investments. Using the unique cell lines, directed differentiation process and controlled growth developed by the company, it can cause the cells to differentiate into various cells - cells that could literally replace the damaged cells in the human body in a wide range of diseases."

Mr. Shahaf continued, "In the coming year, we intend to initiate clinical trials in Israel and the U.S. to evaluate the safety and efficacy of Cell Cure's treatment for dry-AMD, OpRegen®. Age-related macular degeneration (AMD), is an eye disease that causes retinal degeneration and is the leading cause of blindness in the adult population of the western world, and yet there is no FDA approved treatment to date. Stem cell therapy may be a solution for a variety of diseases, but Cell Cure is focusing initially on AMD as it addresses an unmet medical need as well as a preferable regulatory route for this highly innovative treatment.  We believe that this external, non-dilutive funding to further advance our portfolio company's research and development as well as future collaborations with strategic partners in the pharmaceutical industry will continue to build value for the shareholders of Hadasit Bio-Holdings Ltd."

The OCS grant awarded to Cell Cure was previously announced by BioTime (NYSE MKT: BTX) on May 13, 2013.

For more information on Cell Cure please visit: www.cellcureneurosciences.com

For more information about Hadasit Bio-Holdings please visit: www.hbl.co.il

Investor Contact:
KCSA Strategic Communications
Phil Carlson / Josh Dver
212.896.1233 / 1239
pcarlson@kcsa.com / jdver@kcsa.com 


'/>"/>
SOURCE Hadasit Bio-Holdings Ltd.
Copyright©2012 PR Newswire.
All rights reserved

Related medicine technology :

1. Hadasit Bio-Holdings Portfolio Companies Receive Funding to Support Clinical Trial Preparations and Obtain Regulatory Approvals in U.S. and Europe
2. Hadasit Bio-Holdings Flagship Portfolio Company Enlivex Awarded Orphan Drug Status for ApoCell Treatment by the FDA
3. Omeros Adds Four More Unlocked Orphan GPCRs to its Portfolio
4. Pernix Therapeutics Introduces Omeclamox-Pak®, First Product in Gastroenterology Portfolio
5. NeuroSigma Subsidiary Acquires Thin-Film Nitinol Fabrication Patent Portfolio
6. Eisai Oncology to Present New Research on Product Portfolio and Pipeline at ASCO Annual Meeting
7. Philips demonstrates innovations in nuclear medicine imaging with a comprehensive portfolio of NM applications for IntelliSpace Portal
8. iBio Announces Important Expansion of its Intellectual Property Portfolio: Allowance of Patent for Anthrax Vaccines and Further Application of Modulator Platform
9. QIAGEN Unveils Initiative to Create Next-Generation Sequencing Portfolio for use in Clinical Research and Molecular Diagnostics
10. RoundTable Healthcare Partners Portfolio Company, Renaissance Acquisition Holdings, LLC Acquires DPT Laboratories
11. Kimberly-Clark Health Care Receives FDA Clearance For KIMGUARD ONE-STEP Sterilization Wrap Portfolio With One-Year Maintenance Of Package Integrity And Amsco V-PRO maX (Flexible Cycle)
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/10/2017)... 2017  NDS received FDA 510(k) clearance in May 2017 for ... stand specifically designed for endoscopy environments. An innovative secondary monitor solution, ... solution to support the improvement of patient outcomes, procedural efficiency, and ... ... ...
(Date:10/7/2017)... , Oct. 6, 2017   Provista, ... more than $100 billion in purchasing power, today announced ... and information. The Newsroom is the online ... industry trends, infographics, expert bios, news releases, slideshows and ... access to a wealth of resources at their fingertips, ...
(Date:10/4/2017)... Oct. 4, 2017  South Korean-based healthcare product Development ... aide "cprCUBE" on Kickstarter. The device will educate the ... arrests with better efficiency compared to the dated and ... feedback on efficacy of the compression for a more ... a goal to raise $5,000. ...
Breaking Medicine Technology:
(Date:10/12/2017)... ... October 12, 2017 , ... CitiDent and San ... using cutting-edge Oventus O2Vent technology. As many as 18 million Americans are ... cessation in breathing. Oral appliances can offer significant relief to about 75 percent ...
(Date:10/12/2017)... , ... October 12, 2017 , ... ... to meet the demand of today’s consumer and regulatory authorities worldwide. From Children’s ... experts and tested to meet the highest standard. , These products are ...
(Date:10/12/2017)... (PRWEB) , ... October 12, 2017 , ... The American ... Excellence to Carol Friedman, PhD, FACMI, during the Opening Session of AMIA’s Annual Symposium ... 8. , In honor of Morris F. Collen, a pioneer in the field of ...
(Date:10/12/2017)... Maryland (PRWEB) , ... October 12, 2017 , ... ... magnetic drug delivery system that we intend to develop to enable prevention of ... can lead to severe hearing loss, especially in pediatric patients. For cisplatin, hearing ...
(Date:10/12/2017)... ... October 12, 2017 , ... HMP , a leader in healthcare events ... Magazine Eddie Digital Award for ‘Best B-to-B Healthcare Website.’ Winners were announced during the ... The annual award competition recognizes editorial and design excellence across a range of sectors. ...
Breaking Medicine News(10 mins):