Cryo-Cell International Affiliate Earns Patent for Processing Umbilical Cord Blood for Therapeutic Use in Treating Neurodegenerative Diseases and Spinal Cord and Brain Injuries
The Valuable Cells Can be Used to Treat Parkinson's Disease, Huntington's Disease, Multiple Sclerosis, Alzheimer's Disease and Injuries to the Brain and Spinal Cord
OLDSMAR, Fla., March 15, 2013 (GLOBE NEWSWIRE) -- A patent issued to Saneron CCEL Therapeutics, Inc. and the University of South Florida may facilitate increased use of cord blood stem cells in medical therapies, according to Linda Kelley, Ph.D., chief scientific officer with Cryo-Cell International (OTCQB:CCEL). Cryo-Cell is a major investor in Saneron CCEL Therapeutics, a Tampa, Fla.-based research firm with rights to 20 patents related to their cellular therapy technology.
A human umbilical cord is a rich source of hematopoietic stem cells that can differentiate and give rise to all blood cell types. The patent was awarded for a method of retrieval, incubation and transplantation of cells derived from umbilical cord blood, which can be used to treat neurodegenerative diseases such as Parkinson's disease, Huntington's disease, multiple sclerosis and Alzheimer's as well as spinal cord and brain injuries. The patented method has the potential to treat heart attacks and cardiovascular diseases as well.
"This patent means that cord blood stem cells can now be used to treat neurological conditions for which there are few alternatives. Too often these valuable cells are disposed of as medical waste," Dr. Kelley explained.
"Umbilical cord blood stem cells provide an advantage over stem cells derived from bone marrow because they are easier to obtain," said Nicole Kuzmin-Nichols, Saneron president and COO.
"A single cord blood sample provides enough hematopoietic stem cells to provide short and long-term engraftment with a low incidence of graft-versus-host disease," said Dr. Alison E. Willing, professor, Center of Excellence for Aging and Brain Repair, Department of Neurosurgery, University of South Florida and an inventor on the patent. "
"Our partnership with Saneron CCEL and the firm's many talented researchers sets Cryo-Cell apart from most stem cell banks which focus on storage. We believe that, through our interest in Saneron, Cryo-Cell holds more patents related to cord blood banking than any other cord blood bank. We are on the forefront of regenerative medicine," said David Portnoy, Cryo-Cell chairman and co-CEO.
About Cryo-Cell International
Cryo-Cell International, Inc. is the world's first private cord blood bank to separate and store stem cells. Founded in 1989, Cryo-Cell began storing cord blood stem cells in 1992. Through its partnership with Saneron CCEL Therapeutics, it is affiliated with over 20 patents related to cord blood stem cells. More than 500,000 parents from 87 countries trust Cryo-Cell to preserve their family members' stem cells. Cryo-Cell's mission is to provide clients with state-of-the-art stem cell cryopreservation services and support the advancement of regenerative medicine. Cryo-Cell operates in a facility that is compliant with Good Manufacturing Practice and Good Tissue Practice (cGMP/cGTP), and is ISO 9001:2008 certified and accredited by the American Association of Blood Banks. Cryo-Cell is a publicly traded company, OTC: CCEL. For more information, visit www.cryo-cell.com.
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About Saneron CCEL Therapeutics, Inc.
Saneron CCEL Therapeutics, Inc. is a biotechnology R&D company focused on neurological and cardiac cell therapy for the early intervention and treatment of several devastating or deadly diseases which lack adequate treatment options. Saneron, a University of South Florida spin-out company, is located at the Tampa Bay Technology Incubator. Saneron is committed to providing readily available, noncontroversial stem cells for cellular therapies and has patented and patent-pending technology relating to its platform technology of umbilical cord blood and Sertoli cells.
CONTACT: Christine Duffy email@example.com (813) 749-2120
Released March 15, 2013