Posted On: 09/28/2014 9:13:03 AM
Post# of 30015
It's no coincidence that AMBS did this:
SAN FRANCISCO, GENEVA and MIAMI, Aug. 15, 2014 (GLOBE NEWSWIRE) -- Amarantus Bioscience Holdings, Inc. (OTCQB:AMBS), a biotechnology company focused on the discovery and development of novel diagnostics and therapeutics related to endoplasmic reticulum stress, cell cycle dysregulation, neurodegeneration and apoptosis, announced that it exercised its exclusive option to license intellectual property related to MANF's utility in treating retinal disorders from the University of Miami's Bascom Palmer Eye Institute, and has entered into an exclusive license for said intellectual property. Under the terms of the agreement, the Company has been granted a perpetual, exclusive worldwide license to intellectual property, covering the use of MANF for the treatment of retinal disorders, including Retinitis pigmentosa.
The license agreement covers the use of the MANF-Family of proteins (MANF and CDNF) for retinal diseases including age-related macular degeneration, glaucoma, inherited retinal disorders (including Retinitis pigmentosa), sporadic retinal disorders, other degenerative retinal disorders, and retinal injuries. The Company owns composition of matter patents and various composition and method of use patent applications for MANF and derivative sequences for protein therapeutic, gene therapy and certain cell therapy applications worldwide.
"With interim toxicology data now in hand, and with multiple data sets forthcoming in the third and fourth quarter for the MANF ophthalmology program focused initially on Retinitis pigmentosa, we believe now is the ideal time to exercise our option and move forward under the auspices of a full license agreement," said Gerald E. Commissiong, President & CEO of Amarantus. "Research groups around the globe have begun to investigate MANF's utility across a variety of ophthalmological areas, and this license from one of the world's preeminent ophthalmological institutes positions Amarantus as the sole commercial outlet for current and future inventions."
It would be a pretty good guess that we'll be getting some news on that front within the next month or so :
"With interim toxicology data now in hand, and with multiple data sets forthcoming in the third and fourth quarter for the MANF ophthalmology program focused initially on Retinitis pigmentosa, we believe now is the ideal time to exercise our option and move forward under the auspices of a full license agreement," said Gerald E. Commissiong, President & CEO of Amarantus. "Research groups around the globe have begun to investigate MANF's utility across a variety of ophthalmological areas, and this license from one of the world's preeminent ophthalmological institutes positions Amarantus as the sole commercial outlet for current and future inventions."
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