I tend to be very skeptical/pessimistic about this kind of news, but hey, you've got to have some kind of hope out there. Anyway, I got this in an email the other day and thought I'd share it here.
"February 12, 2008 � Melbourne, Australia and Auckland, New Zealand - Living Cell Technologies Limited (ASX:LCT; OTC: LVCLY.PK) today announced that the Company's positive preliminary clinical results will be presented at the upcoming 7th International Diabetes Federation (IDF) Western Pacific Region Congress.
LCT's Medical Director, Professor Bob Elliott, has been invited to update a group of international diabetes experts on the successful implant of DiabeCell�, the encapsulated porcine, insulin producing cells for the treatment of type 1 diabetes. The LCT presentation is scheduled for March 31, 2008 in Wellington, New Zealand.
LCT's lead product, DiabeCell� is presently in Phase I/IIa clinical trials. As previously reported on October 9 and October 22, 2007, the early results of the Russian clinical trial exceeded expectations in the first group of patients, where they were given the lowest dose of DiabeCell�. The clinical trial commenced in June 2007 and the first patient has now completed 6 months follow-up, maintaining clinical benefit with no evidence of immune rejection. The prolonged survival and effect of LCT's DiabeCell� have been attained without the need for immunosuppressive or anti-rejection drugs.
Professor Elliott is to summarize the available follow-up data on all patients implanted with DiabeCell� at the upcoming IDF congress.
LCT's Chief Executive Officer, Dr Paul Tan stated, "This international forum will provide an excellent opportunity to report the positive results from the ongoing trial, including the added benefits f a re-implant with a second dose."
"February 12, 2008 � Melbourne, Australia and Auckland, New Zealand - Living Cell Technologies Limited (ASX:LCT; OTC: LVCLY.PK) today announced that the US based Children with Diabetes Foundation (CWDF), has offered its support in raising funds for LCT's DiabeCell� clinical trials for people with type 1 diabetes. The foundation has established a fund which allows supporters of diabetes research to contribute tax deductible donations towards the trials.
In the past CWDF has contributed approximately US$ 250,000 towards Professor Elliott's research and LCT's development work. The foundation has also invested in LCT and holds 330,117 shares.
Sonia Cooper, President of CWDF said from Denver, Colorado, "The foundation views LCT's treatment for type 1 diabetes as extremely promising, and the clinical trials being conducted as the next positive step towards getting this treatment to patients. We are establishing a fund for those who want to support research in type 1 diabetes that is well advanced and in human clinical trials. Donations to CDWF are fully tax deductible . This means that 100% of the donations are for LCT's international human DiabeCell� clinical trials."
Dr Paul Tan, Chief Executive Officer of LCT added, "LCT is delighted to have support from a foundation known for its dedication to children with diabetes and active support for clinically relevant research. The DiabeCell� clinical trials are attracting a lot of international support as demonstrated by LCT's recent capital raise, as well as this current initiative. Overall, the Company is now well positioned to make significant progress in the clinical trials during 2008."
Children with Diabetes Foundation is a US�based not-for-profit organization which was formed to assist people living with diabetes, and to support the work of scientists and physicians world-wide searching for a cure. CWDF acts as the venture capitalist of diabetes research, by helping new, clinically relevant, innovative research get off the ground. To comply with United States Internal Revenue Service regulations, CWDF is a 501 (c) 3 organization and donations are deductible from Unites States income tax. The US Federal Tax ID for CWDF is 31-158740. Information on how donations may be made is available at
Welcome to the Children With Diabetes Foundation.
DiabeCell� is a porcine pancreatic cell product for the treatment of insulin-dependent diabetes.
The islet cell efficiently secretes insulin, which is defective or absent in patients with type 1 diabetes. The cells are introduced into the abdomen of the patient in a simple procedure under light anaesthesia. Treatment with DiabeCell� does not require the use of immunosuppressant drugs.
LCT's DiabeCell� trials are progressing well with four patients already enrolled in Russia. The company is expecting approval from the New Zealand Minister of Health for the commencement of clinical trials in New Zealand this year."
Kind of repetitive, I know. It came to me in a series of three emails. I wanted to be sure to leave nothing out so I just included everything. Sounds good! Hopefully we'll be hearing more in the future!!