Latest news

LCT's Quarterly Newsletter

27 July, 2010 - - - LCT's July 2010 Newsletter

Click here to download this release in PDF format.
 

LCT reports consistent benefit in DIABECELL®

13 July, 2010 - Company Announcement

 

LCT today reported further positive results from the New Zealand Phase II clinical trial of DIABECELL® , with all eight insulin dependent diabetes patients having now received the implants of encapsulated porcine islets.  In the first cohort of patients with unstable diabetes, all have shown the benefit of reduction or elimination of episodes of low blood glucose levels that are often life-threatening.  The dramatic results to date showing DIABECELL®'s ability to ameliorate this serious complication of diabetes, known as hypoglycaemic unawareness, are a key indicator of benefit to patients.

Click here to download this release in PDF format.
 

LCT Presentation at American Diabetes Association

28 June, 2010 - Confirms DIABECELL initial Phase I/IIa trial objectives met LCT today announced that its DIABECELL® Phase I/IIa clinical data was presented at the 70th Scientific Session of the American Diabetes Association (ADA) on June 27 in Orlando, Florida by Professor Boris Draznin, Director, Adult Diabetes Program, University of Colorado Denver, School of Medicine. 

Click here to download this release in PDF format.
 

LCT Options Expiring 30th June 2010 to be Underwritten

22 June, 2010 - $2.0 million working capital secured

22 June 2010: Sydney, Australia & Auckland, New Zealand. Living Cell Technologies Limited (ASX: LCT; OTCQX: LVCLY), a global company pioneering the development of cell implants to treat diabetes, today announced the underwriting of 9.5m unlisted options which will add a minimum of $2.0 million to the Company’s cash reserves.

A total of 10,568,655 options held by long time supporters of LCT, including staff and directors, are exercisable at 21 cents each on or before 30th June 2010. 9,523,810 of these expiring options are being underwritten by Taylor Collison Limited, who may also place any of the remaining unexercised options under the same terms.

The funds will be used to advance the Company’s platform technologies, principally the Phase II human clinical trial program for DIABECELL® - LCT’s lead product for insulin dependent Type 1 diabetes.

LCT Chairman Dr David Brookes said: "The Company will benefit from these additional funds to continue its breakthrough programmes that are progressing development of treatments for life-threatening diseases."

Click here to download this release in PDF format.
 

LCT works with NZ Government on Animal Derived Biologics

10 June, 2010 - LCT works with NZ Government on Animal Derived Biologics 10 June 2010: Sydney, Australia and Auckland, New Zealand - Cell implant company Living Cell Technologies Limited (ASX: LCT; OTCQX: LVCLY) today announced it has started working from this week on an animal-derived therapeutics project with the New Zealand government\\\'s investment promotion agency, Investment New Zealand (a division of New Zealand Trade & Enterprise).
 

Click here to download this release in PDF format.
 

LCT receives grant from Juvenile Diabetes Research Foundation International

27 April, 2010 - -

Living Cell Technologies Limited

Company Announcement

LCT Receives Grant from JDRF

Living Cell Technologies Receives Grant from Juvenile Diabetes Research Foundation International for DIABECELL® NZ Clinical Trial

•·         US$500,000 towards current New Zealand Phase II Clinical Trial of DIABECELL®

   •·        Support for Phase II Clinical Trial to Test Safety and Efficacy of Cell Replacement Therapy in Type 1 Diabetes Patients

27 April 2010: Sydney, Australia & Auckland, New Zealand. Living Cell Technologies Limited (ASX: LCT; OTCQX: LVCLY), a global company pioneering the development of a cell implant to treat diabetes, has received a grant of US$500,000 for its on-going Phase II clinical trial of DIABECELL® in New Zealand from the Juvenile Diabetes Research Foundation International (JDRF), a world leader in setting the agenda for diabetes research and the largest charitable funder and advocate for research in type 1 diabetes.

 

Click here to download this release in PDF format.
 

LCTs' Paper Selected for "Best Publications of 2009" by Journal of Neural Engineering

13 April, 2010 - - Living Cell Technologies Limited

Company Announcement

Living Cell Technologies' Paper Selected for "Best Publications of 2009" by Journal of Neural Engineering

13 April 2010: Sydney, Australia & Auckland, New Zealand. Living Cell Technologies Limited (ASX: LCT; OTCQX: LVCLY), a global company pioneering the development of cell implants, is pleased to announce that its publication on the use of encapsulated choroid plexus cells has been highlighted as one of the best articles published by the Journal of Neural Engineering in 2009. It is included in a collection that the publisher has made accessible free to read until 31 December 2010 at http://herald.iop.org/jnehighlights/m320/zea/319831/link/3322.

Click here to download this release in PDF format.
 

Report from LCT’s Russian Phase I/IIa Diabetes Trial

07 April, 2010 - -

Living Cell Technologies Limited

Company Announcement

Report from LCT's Russian Phase I/IIa Diabetes Trial

Living Cell Technologies Confirms Safety and Proof of Principle of Efficacy in its Penultimate Data Analysis from its Russian Human Phase I/IIa Trial with DIABECELL® in Diabetics

• DIABECELL®  Successfully Meets End Points for Safety and Tolerability; Shows Proof of Principle of Efficacy in Humans with Insulin-dependent (Type 1) Diabetes

• Results Accepted for Oral Presentation at Scientific Meeting of American Diabetes Association

7 April 2010: Sydney, Australia & Auckland, New Zealand. Living Cell Technologies Limited (ASX: LCT; OTCQX: LVCLY) a global company pioneering the development of a cell implant to treat diabetes, today provided a penultimate update regarding the three-year follow up of its Phase I/IIa clinical trial in Russia of its DIABECELL® treatment in insulin-dependent diabetics. The data analysis has confirmed that the trial has successfully met its end points of demonstrating safety and tolerability. In addition, the groundbreaking treatment has shown proof of principle of efficacy in humans with insulin-dependent (Type 1) diabetes. These results have been accepted for oral presentation at the scientific meeting of the American Diabetes Association in June. These positive data, taken together with positive progress in LCT's Phase II trial in New Zealand, provide encouragement to progress DIABECELL® further towards commercialisation.

Click here to download this release in PDF format.
 

LCT Phase II Diabetes Trial Success: Approval to Progress

30 March, 2010 - - Living Cell Technologies Limited
Company Announcement

LCT Phase II Diabetes Trial Success:  Approval to Progress

  • Positive Assessment from NZ Data Safety Monitoring Board and Approval to Progress to next stage of Phase II Diabetes trial with higher dose
  • Encouraging data from first four patients on DIABECELL® including elimination of hypoglycaemic unawareness in the first patient treated with no need for immunosuppressant drugs

30 March 2010: Sydney, Australia & Auckland, New Zealand. Living Cell Technologies Limited (ASX: LCT; OTCQX: LVCLY), a global company pioneering the development of a cell implant to treat diabetes, today announced that it has received approval to advance to the next phase of its New Zealand Phase II human clinical trial with its groundbreaking DIABECELL®. The approval follows a positive assessment from the New Zealand Data Safety and Monitoring Board of the first four patients to receive its DIABACELL® implants.

Click here to download this release in PDF format.
 

LCT 's Quarterly Newsletter

25 March, 2010 - -

LCT's March 2010 Newsletter

Click here to download this release in PDF format.
 

LCT is holding an investor meeting in Auckland on Thursday, 8 April

12 March, 2010 - - LCT is holding an investor meeting in Auckland on Thursday, 8 April.  If any shareholders are in Auckland at that time and would like to attend, please RSVP to Helen Cherry info@lctglobal.com or 09 270 7943, by Monday, 22nd March 2010.

LIVING CELL TECHNOLOGIES LTD

INVESTOR MEETING

Chairman Dr David Brookes invites you to cocktails to meet Directors and discuss the company's progress.

Click here to download this release in PDF format.
 

LCTs encapsulation device granted registration in Russia

10 March, 2010 - -

Living Cell Technologies Limited

Company Announcement

Living Cell Technologies' encapsulation device granted registration in Russia

10 March 2010: Sydney, Australia, Auckland, New Zealand - Cell implant company Living Cell Technologies Limited (ASX: LCT; OTCQX: LVCLY) today announced that its subsidiary LCT Biomedical Limited has received registration of the encapsulation device as a delivery system in Russia.

Click here to download this release in PDF format.
 

LCT LTD half yearly report period ended 31 December 2009

25 February, 2010 - - Living Cell Technologies Limited

COMPANY ANNOUNCEMENT

Living Cell Technologies half yearly report period ended 31 December 2009
25 February 2010 - Sydney, Australia, Auckland, New Zealand - Living Cell Technologies Limited (ASX: LCT; OTCQX: LVCLY)
today announced the half yearly report for the six months ended 31 December 2009.  The report is attached.

Click here to download this release in PDF format.
 

LCT Awarded NZ$4.04 Million New Zealand Government Grant to advance DIABECELL®

12 February, 2010 - -

Living Cell Technologies Limited

Company Announcement

Living Cell Technologies
Awarded NZ$4.04 Million New Zealand Government Grant to advance DIABECELL® for type 1 diabetes

  • LCT to receive NZ$4.04 million over two years
  • The grant supports development costs to upscale production of DIABECELL® and  conduct the NZ clinical trial

12 February 2010: Sydney, Australia, Auckland, New Zealand - Cell implant company Living Cell Technologies Limited (ASX: LCT; OTCQX: LVCLY) today announced that it has been awarded a grant of NZ$4.04 million from the New Zealand government's Foundation for Research Science & Technology.

Click here to download this release in PDF format.
 

LCT Receives 10% of US Based Wound Healing Company in Supply and Licence Agreement

10 February, 2010 - - Living Cell Technologies Limited

Company Announcement

Living Cell Technologies Receives 10% of US Based Wound Healing Company in Supply and Licence Agreement

9 February 2010: Sydney, Australia, Auckland, New Zealand - Cell implant company Living Cell Technologies Limited (ASX: LCT; OTCQX: LVCLY) today announced that it has received 10% ownership of CytoSolv Inc. in exchange for restricted supply of choroid plexus cell clusters from its designated pathogen free pig herd and granting CytoSolv a non-exclusive, non-transferable licence to use its broad choroid plexus patents solely for the purpose of wound healing.

Click here to download this release in PDF format.
 

LCT alerted to issue of fake share certificates

27 January, 2010 - -

Living Cell Technologies alerted to issue of fake share certificates

27, January 2010: Sydney, Australia, Auckland, New Zealand, Living Cell Technologies Ltd. (ASX: LCT; OTCQX: LVCLY) has been made aware of several cases of fraudulent sale of shares in the company and the issue of fake LCT share certificates. To date the Company is only aware of four fraudulent sales in the United Kingdom.

Click here to download this release in PDF format.
 

LCT Granted European Patent for Neurological Disease Product NTCELL

20 January, 2010 - - Living Cell Technologies Granted European Patent for Neurological Disease Product NTCELL

  • NTCELL targets neurological diseases such as Parkinson's disease, Alzheimer's disease, Multiple Sclerosis and Huntington's disease and Stroke
  • Patent based on technology of implanting encapsulated porcine choroid plexus cells
  • Journal of Neural Engineering publishes LCT's latest data on therapeutic benefit of choroid plexus cell implants

20 January 2010: Sydney, Australia, Auckland, New Zealand - Living Cell Technologies Limited (ASX: LCT; OTCQX: LVCLY) today announced that it has been granted a European patent for the use of its product NTCELL in the treatment of degenerative neurological conditions such as Parkinson's disease, Alzheimer's disease, Multiple Sclerosis (MS), Huntington's disease and Stroke.

Click here to download this release in PDF format.
 

LCT signs new research collaboration and option agreement to licence its encapsulation technology

21 December, 2009 - -

Living Cell Technologies Limited
Company Announcement

Living Cell Technologies signs new research collaboration and option agreement to licence its encapsulation technology

21 December 2009: Sydney, Australia, Auckland, New Zealand - Living Cell Technologies Limited (ASX: LCT; OTCQX: LVCLY) today announced that it has extended the research collaboration with Centocor Research & Development Inc. and granted an exclusive two year option to take up a world-wide licence for LCT's encapsulation technology which is to be made available only for human cell lines for a specific, but undisclosed, field of use.

Click here to download this release in PDF format.
 

LCT extends SPP closing date until 17 December 2009

14 December, 2009 - - Living Cell Technologies Limited

Company Announcement

LCT extends SPP closing date until 17 December 2009
11 December 2009: Sydney, Australia, Auckland, New Zealand - Living Cell Technologies Limited (ASX: LCT; OTCQX: LVCLY) To allow shareholders the opportunity to review their entitlement following the recent developments, LCT has decided to extend the Share Purchase Plan closing date by 4 business days from 11 December to Thursday 17 December 2009.

For enquiries about the SPP please call 61 3 9415 4000.

Or contact
Mr John Cowan
Finance & Administration Manager
Tel: +64 9 276 2690
jcowan@lctglobal.com

Click here to download this release in PDF format.
 

LCT Considers Australian Trials Following Lifting of Animal Cell Transplant Ban

10 December, 2009 - -

Living Cell Technologies Considers Australian Trials Following Lifting of Animal Cell Transplant Ban

10 December 2009 Sydney, Australia, Auckland, New Zealand -  Living Cell Technologies Limited (ASX: LCT; OTCQX: LVCLY) today announced that it hopes to expand it's clinical trial program into Australia, following the decision by National Health and Medical Research Council (NHMRC) to lift the five year moratorium on xenotransplantation in Australia.

Click here to download this release in PDF format.
 

LCT December 2009 Newsletter

07 December, 2009 - - LCT December 2009 Newsletter

 

Click here to download this release in PDF format.
 

First Patient In LCT NZ Trial Drops Insulin Dose Without Ill Effects

04 December, 2009 - -

Living Cell Technologies Limited                                              
COMPANY ANNOUNCEMENT

  • In response to overwhelming public queries, clinician investigator reports progress on Living Cell Technologies' (LCT's) Diabetes Trial in New Zealand
  • First patient has no ill effects and reduces daily insulin dose at early follow up

First Patient In Living Cell Technologies' New Zealand DIABECELL® Trial Drops Insulin Dose Without Ill Effects

4 December 2009: Sydney, Australia, Auckland, New Zealand - Living Cell Technologies Limited (ASX: LCT; OTCQX: LVCLY) is pleased to draw attention to the report that the first patient to receive an implant of DIABECELL® in New Zealand is progressing well. Dr John Baker, Endocrinologist and Principal Investigator at the Centre for Clinical Research and Effective Practice (CCRep), Middlemore Hospital, reported today that the patient with type 1 diabetes, who received LCT's encapsulated insulin producing porcine cells on 6 October, has reduced his insulin dose and suffered no ill effects to date.

Click here to download this release in PDF format.
 

LCT's Quarterly Newsletter

25 November, 2009 - - THE LIVING CELL - A Quarterly Newsletter from LCT

Click here to download this release in PDF format.
 

Chairman’s (Dr David Brookes) Address to the 2009 LCT AGM

24 November, 2009 - -

Living Cell Technologies Limited

COMPANY ANNOUNCEMENT:
Chairman's (Dr David Brookes) Address to the 2009 LCT AGM

19th November - Sydney

 Welcome to the 2009 Annual General Meeting, my first as Chairman.

LCT continues to evolve on many levels and progress towards commercialisation, with the highlight being the recent commencement of our world leading New Zealand trial of DIABECELL®.

Developing non-drug based replacement therapies for chronic medical conditions remains the philosophical goal. These treatments have the potential to improve and simplify patient outcomes and, in doing so, reward investors.

Click here to download this release in PDF format.
 

Living Cell Technologies Announces Share Purchase Plan

24 November, 2009 - - Living Cell Technologies Announces Share Purchase Plan

16 November 2009: Sydney, Australia, Auckland, New Zealand - Living Cell Technologies Limited (ASX: LCT; OTCQX: LVCLY) announced today a Share Purchase Plan (SPP) that would remain open until 11 December 2009.

Click here to download this release in PDF format.
 

Appendix 4C Quarterly Cash Flow report to 30 September 2009

30 October, 2009 - -

30 October 2009 – Sydney, Australia, Auckland, New Zealand– Living Cell Technologies Limited (ASX: LCT; OTCQX: LVCLY) today announced the quarterly cash flow report for the quarter ended 30 September 2009.

Click here to download this release in PDF format.
 

Living Cell Technologies Updates Progress with Diabetes Clinical Trial.

27 October, 2009 - - Living Cell Technologies Updates Progress with Diabetes Clinical Trial.

27 October 2009 – Sydney, Australia, Auckland, New Zealand– Living Cell Technologies Limited (ASX: LCT; OTCQX: LVCLY) today reported that the PhaseI/IIa clinical trial in Russia has continued to show positive results with low and medium doses of DIABECELL®, the company’s encapsulated pig insulin producing cells for type 1 diabetes. The study has prompted improvements to the product and the implant procedure which are now incorporated into the Phase II trial recently started in New Zealand.

Click here to download this release in PDF format.
 

LCT Investor Update

27 October, 2009 - Taylor Collison, Sydney

Professor Bob Elliott, Medical Director: Porcine Islets in Humans.

Dr Paul Tan, CEO: Commercializing DIABECELL®

Dr David Brookes, Chairman: LCT Company Assets & Value

Click here to download this release in PDF format.
 

LCT Annual Report 2009

19 October, 2009 - - LCT Annual Report 2009

Click here to download this release in PDF format.
 

LCT Reports Successful First Implant Of DIABECELL® In New Zealand

07 October, 2009 - -

Living Cell Technologies Reports Successful First Implant Of DIABECELL® In New Zealand

7 October 2009: Sydney, Australia, Auckland, New Zealand - Living Cell Technologies Limited (ASX: LCT; OTCQX: LVCLY) today announced that DIABECELL® was successfully implanted yesterday in the first patient with type 1 diabetes in Auckland, New Zealand.
DIABECELL®, LCT's encapsulated porcine cells that produce insulin, was implanted by a laparoscopic procedure into the abdomen of a 47 year old man who has had type 1 diabetes for 20 years.

Click here to download this release in PDF format.
 

LCT appoints two new directors and a new chairman

30 September, 2009 - - Living Cell Technologies appoints two new directors and a new chairman

23 September 2009: Sydney, Australia, Auckland, New Zealand- Living Cell Technologies Limited (ASX: LCT; OTCQX: LVCLY) today announced the appointment of Mr Bob Finder and Mr David McAuliffe as independent directors and the election of Dr David Brookes as chairman.

 

Click here to download this release in PDF format.
 

LCT highlights its internationally leading technology

01 September, 2009 - -

Living Cell Technologies highlights its internationally leading technology at a meeting on Stem Cells and Cell Programming

2 September 2009: Sydney, Australia, Auckland, New Zealand- Living Cell Technologies Limited (ASX: LCT; OTCQX: LVCLY) is presenting highlights of its neonatal pig cell technologies at an international meeting on Stem Cells and Cellular Programming on Thursday, 3 September in Queenstown, New Zealand.

Dr Paul Tan, LCT CEO, who is delivering the invited lecture says: "Immature cells contained in the pancreas of piglets are capable of growing rapidly and maturing into long lived insulin producing cells. Unlike stem cells they do not develop into tumours."

Click here to download this release in PDF format.
 

Obituary: LCT Founding Director David Collinson

10 August, 2009 - - Living Cell Technologies Limited                                              

Obituary: LCT Founding Director David Collinson

10 August 2009: Sydney, Australia, Auckland, New Zealand- Living Cell Technologies Limited (ASX: LCT; OTCQX: LVCLY) today announced with regret that David Collinson, founder and director of LCT died at his home on Friday 7 August 2009.

Click here to download this release in PDF format.
 

LCT's Quarterly Newsletter

06 August, 2009 - -

THE LIVING CELL - A Quarterly Newsletter from LCT

Click here to download this release in PDF format.
 

LCT Raises A$4.2m From A Placement Of Shares To Fund Clinical Trials Of DIABECELL®

30 July, 2009 - - Living Cell Technologies Raises A$4.2m From A Placement Of Shares To Fund Clinical Trials Of DIABECELL® 

30 July 2009: Sydney, Australia, Auckland, New Zealand - Living Cell Technologies Limited (ASX: LCT; OTCQX: LVCLY) announced that it has closed a private placement of share capital raising A$4.2m. The placement provides for the issue of up to 25.5m ordinary shares at A$0.165 with a 2 for 5 option attached (10.2m options), exercisable at any time until 31 December 2010 at A$0.24 per share. The $0.165 issue price is a 14.37% discount for the 5 day volume weighted average price to 27 July 2009.

 

Click here to download this release in PDF format.
 

LCT Enrols Patients Into New Zealand Diabetes Clinical Trial

22 July, 2009 - -

Living Cell Technologies Enrols Patients Into New Zealand Diabetes Clinical Trial  

22 July 2009: Sydney, Australia, Auckland, New Zealand- Living Cell Technologies Limited (ASX: LCT; OTCQX: LVCLY) today announced that the trial of its encapsulated pig islet cell product for insulin dependent diabetes, DIABECELL®, has commenced following authorization by the New Zealand Minister of Health and acceptance of the clinical trial protocol by the Regional Ethics Committee.

Click here to download this release in PDF format.
 

Encapsulated Choroid Plexus Cells May Be Used To Treat Hearing Loss

08 July, 2009 - - Living Cell Technologies' Encapsulated Choroid Plexus Cells May Be Used To Treat Hearing Loss

8 July 2009: Sydney, Australia, Auckland, New Zealand- Living Cell Technologies Limited (ASX: LCT; OTCQX: LVCLY) today reports that its encapsulated choroid plexus cells (NeurotrophinCell, NTCell) were shown to protect nerve cells in the inner ear from degeneration in studies done with the Bionic Ear Institute (BEI), Melbourne, Australia.

Click here to download this release in PDF format.
 

DIABECELL® Commercialization Program In Russia With New Subsidiary

06 July, 2009 - -

Living Cell Technologies Commences DIABECELL® Commercialization Program In Russia With New Subsidiary

6 July 2009: Sydney, Australia, Auckland, New Zealand- Living Cell Technologies Limited (ASX: LCT; OTCQX: LVCLY) today announced the formation of a subsidiary, LCT Biomedical Limited (Russia), to facilitate the commercial development of DIABECELL®, its lead product for the treatment of type 1 diabetes.

Click here to download this release in PDF format.
 

New Pig Breeding Facility for New Zealand Diabetes Clinical Trial

02 July, 2009 - - Living Cell Technologies Opens New Pig Breeding Facility for New Zealand Diabetes Clinical Trial

2 July 2009:   Sydney, Australia, Auckland, New Zealand - Living Cell Technologies Limited (ASX: LCT; OTCQX: LVCLY) announced that its new designated pathogen free pig breeding facility in Invercargill, Southland, New Zealand was formally opened by the Mayor of Invercargill, Mr. Tim Shadbolt

Click here to download this release in PDF format.
 

Teleconference/Webcast: Investor Briefing

29 June, 2009 -

      

Teleconference/Webcast: Investor Briefing

 

June 29, 2009 - Sydney, Australia, Auckland, New Zealand- Living Cell Technologies Limited (ASX: LCT; OTCQX: LVCLY) will host a company update teleconference on Tuesday 30 June at 11:00am Australian Eastern Standard Time.

 

Click here to download this release in PDF format.
 

Diabetes Clinical Trial Authorized by New Zealand Government

24 June, 2009 - -

Living Cell Technologies' Diabetes Clinical Trial Authorised by New Zealand Government.

24 June 2009: Sydney, Australia, Auckland, New Zealand- Living Cell Technologies Limited (ASX: LCT; OTCQX: LVCLY) today announced that the New Zealand Minister of Health, the Honourable Tony Ryall, has authorized LCT's New Zealand Phase I/IIa clinical trial of DIABECELL® for insulin dependent diabetes.

Click here to download this release in PDF format.
 

MEDIA ARTICLE ABSTRACT

21 June, 2009 - -

 

Media Article Abstract

Journalist Owen Hembry from The New Zealand Herald reports on the fact that human trials of a diabetes treatment using implanted pig cells could start within weeks after a preliminary decision by the Government.  The former Labour Government in October gave Living Cell Technology permission, subject to a review, to restart human trials on pig cell transplants which were halted in New Zealand in 1997.

To access the full article please visit: http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10579629

 

MEDIA ARTICLE ABSTRACT

21 June, 2009 - -  

Media Article Abstract

Journalist Martin Johnston from The New Zealand Herald continues to report on the success of LCT's Russian trial in which two people are now free of insulin injections. Mr Johnston's story also discusses how Mr David Collinson's  financial investment and ability to promote LCT's concept of transplanting, into human diabetics, coated insulin-produced cells from pigs, and how to enthuse others enough to contribute their own capital.

The company now  awaits only the approval of the Minister of Health, Tony Ryall, before starting a trial at Middlemore Hospital in South Auckland.

Living Cell is also developing pig-cell treatments for Parkinson's and many more diseases could be treated in this way.

To access the full article visit: http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=10579568

 

 

Living Cell Technologies' Accepts Proposed Revised Conditions for Diabetes Clinical Trial in New Zea

19 June, 2009 - -

Living Cell Technologies' Accepts Proposed Revised Conditions for Diabetes Clinical Trial in New Zealand

19 June 2009: Sydney, Australia,  Auckland, New Zealand - Living Cell Technologies Limited (ASX: LCT; OTCQX: LVCLY) today announced the Company has accepted a preliminary decision from the New Zealand Minister of Health, the Honourable Tony Ryall, to issue a new conditional authorization for its New Zealand Phase I/IIa clinical trial of DIABECELL for insulin dependent diabetes

Click here to download this release in PDF format.
 

Living Cell Technologies' Diabetes Product from Pigs Part of New Agricultural Biotechnology

02 June, 2009 - - Living Cell Technologies' Diabetes Product from Pigs Part of New Agricultural Biotechnology According To UK Report - 2 June 2009 - Sydney, Australia, Auckland, New Zealand- Living Cell Technologies Limited (ASX: LCT; OTCQX: LVCLY)

For further information on this story please click on PDF attached

Click here to download this release in PDF format.
 

MEDIA ARTICLE ABSTRACT

02 June, 2009 - -

MEDIA ARTICLE ABSTRACT

Journalist Martin Johntson from the New Zealand  Herald  reported on LCT's Russian trial on 31 May 2009.  He reports that Six Russian diabetics who have had New Zealand pig cells transplanted into their bellies have gained a new optimism for life from the success of the pioneering treatment.

"Their comments turn attention on whether Health Minister Tony Ryall will permit a long-anticipated clinical trial in eight adults with type 1 diabetes at Middlemore Hospital in South Auckland," he reports.

To access the full article visit http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=10575752

 

 

Encapsulated Porcine Cells Regulatory Affairs Professionals Society Horizons Meeting

21 May, 2009 - - Regulatory Affairs Professionals Society Horizons Conference

1-3 April 2009

LCT presented at the Regulatory Affairs Professionals Society (RAPS) Horizons Conference held in San Francisco, USA between 1-3 April.

 

Click here to download this release in PDF format.
 

Cell-Based therapy for Type 1 Diabetes

21 May, 2009 - -

ISCT San Diego

3-6 May 2009

LCT presented at the International Society for Cellular Therapy 2009 Annual Meeting 3-6 May 2009 in San Diego, USA.

 

Click here to download this release in PDF format.
 

Reports Insulin Independence in Two Patients Following Implants of DIABECELL

05 May, 2009 - - Living Cell Technologies Reports Insulin Independence in Two Patients Following Recent Implants of DIABECELL® in Diabetes Clinical Trial

5 May 2009 - Sydney, Australia, Auckland, New Zealand- Living Cell Technologies Limited (ASX: LCT; OTCQX: LVCLY) today reported that following the latest implants of DIABECELL®, two recipients with long standing insulin dependent diabetes currently do not require insulin injections.

DIABECELL® is LCT's encapsulated insulin-producing porcine pancreatic islet cells.

To date, seven patients with insulin dependent diabetes have received between one and three implants of DIABECELL® without remarkable adverse events in LCT's on-going Phase I/IIa clinical trial.

LCT Medical Director, Professor Bob Elliott, who is in San Diego, USA, delivering a plenary lecture on DIABECELL® at the Annual Meeting of the International Society for Cell Therapy, said, "Having two patients going off their insulin injections gives me tremendous confidence that we have a treatment which can return people with diabetes to a normal life.

All patients followed-up show improvement of diabetes control with better glycated haemoglobin (%HbA1c) levels.  I am extremely pleased to see all blood glucose levels in their seven-point recordings to be in the normal range, even with a lower daily dose of insulin."

LCT CEO, Dr Paul Tan added, "The dose escalation and the tightening of the quality specifications of DIABECELL® for the last two implants have led to a very satisfying outcome with the recipients becoming insulin independent and we look forward to an equally positive outcome for future patients. LCT expects DIABECELL® to be established as a product of exceptional commercial value". 

Progress Report of DIABECELL® Phase I/IIa Clinical Trial

· The trial is an open labelled Phase I/IIa investigation to obtain data on the safety and preliminary efficacy of DIABECELL®, encapsulated neonatal porcine pancreatic islets, without the use of immunosuppressive drugs.

· The trial started in Moscow in 2007 and is intended to enrol a total of 10 patients with type 1 diabetes who have given informed consent for their participation. The trial is being monitored by Geny Research Group Inc, a U.S.-based contract research organization.

· To date, seven insulin dependent diabetes patients have been implanted:

· The trial was designed for Patients #1 - #5 to receive two implants of DIABECELL® at the dose of 5,000 Islet Equivalents per kg body weight (IEQ/kg) at least 6 months apart and for Patients #6 - #10 to receive one implant of 10,000 IEQ/kg.

· Based on clinical assessment, amendments to the protocol were requested by the investigators to optimise the treatment in this dose-finding study. Patients #3, #4 and #5 received implants of 5,000 and 10,000 IEQ/kg. Patient #2 received a third implant of 10,000 IEQ/kg.

· As summarised in the following Table, patients have been followed up from a minimum of 18 weeks to 96 weeks. Patient #6 failed to attend follow up after 20 weeks and attempts to resume follow-up continue.

· There were no remarkable adverse events following implants of either dose. Repeat implants have been safe to date.

· All patients show improved blood glucose control as reflected by a decrease in their glycated haemoglobin (%HbA1c) level after the implant, apart from Patient #6.

· All blood glucose levels in the seven-point recordings at last follow-up were in the normal range for patients #1, #2, #3, #4, #7. The mean glucose level in all patients is within the range of 5.8 to 8.2 mMol/L. At last follow up, Patient #6 recorded a mean blood glucose of 9.4 mMol/L.

· Two patients, #2 and #7, have both shown an excellent response and do not require exogenously administered insulin.

 Patient #2 is a 37 year old female with a 15-year history of insulin dependent diabetes.  This patient has received two implants of 5,000 IEQ/kg and in February 2009 a third implant of 10,000 IEQ/kg. Prior to the first implant this patient required an average daily insulin dose of 22 units/day.  This patient's HbA1c level prior to implant was 8.2% and is currently 7.1%, her current mean blood glucose level is normal at 6.8 mMol/L.
 Patient #7 is a 63 year old male with a 5-year history of insulin dependent diabetes.  He received one implant at the dose of 10,000 IEQ/kg in January 2009. Prior to implant this patient required an average daily insulin dose of 37 units/day.  This patient's HbA1c level prior to implant was 8.3% and is currently 4.8%, his current mean blood glucose level is normal at 6.6 mMol/L

· As previously reported, capsules containing viable cells have been retrieved from second implants and porcine insulin has been detected in blood of patients following glucose tolerance test

• The body weight of all patients during the study varied by less than 5% of their pre-implant weight.

Table: Preliminary Efficacy Response Data

Patient No.

No. of Implants

Follow-up (Weeks)

Insulin Dose (Units/day)

% Dose Reduction

HbA1c (%)

Current Mean Glucose (mMol/L)

Pre-Implant

Current

Pre-Implant

Current

1

2

96

113

76

33

7.1

6.1

6.9

2

3

84

22

0

100

8.2

7.1

6.8

3

2

72

60

53

12

10.0

7.4

7.3

4

2

60

30

27

10

7.6

6.5

5.8

5

2

30

68

48

29

9.8

7.2

8.2

6*

1

20*

41

57*

-

8.5

8.5*

9.4*

7

1

18

37

0

100

8.3

4.8

6.6

* Patient lost to follow-up (data* at 20 weeks follow-up)

Summary: The Phase I/II dose escalation trial to date has implanted seven insulin dependent diabetes patients with one to three implants of DIABECELL® without remarkable adverse events. Preliminary efficacy data show normalised blood glucose levels and improved HbA1c with reduction of daily insulin dose. Two recipients have discontinued insulin injections.

 


Presentation by Professor Bob Elliott
Title: Practical, Methodological, Regulatory Aspects of Islet Cell Implants - DIABECELL®.
International Society for Cell Therapy 15th Annual Meeting
5th May 2009 at 1:30 -3:00 pm US Pacific Time
Sheraton, San Diego, CA, USA

 

Click here to download this release in PDF format.
 

Living Cell Technologies Director Steps Down

04 May, 2009 - -

Living Cell Technologies Director Steps Down

1 May 2009 - Sydney, Australia, Auckland, New Zealand- Living Cell Technologies Limited (ASX: LCT; OTCQX: LVCLY) today announced that Robert Caspari, MD, has stepped down as a director.

Dr Caspari was appointed to the Board of Directors by major shareholder NaviGroup Management Limited in January 2008. He is presently full-time Chief Operating Officer/Chief Medical Officer with Aspen BioPharma, Colorado, USA.

Click here to download this release in PDF format.
 

Living Cell Technologies' New Zealand Pigs Free of Viruses

27 April, 2009 - -  

Living Cell Technologies’ New Zealand Pigs Free of Viruses

27 April 2009 – Sydney, Australia, Auckland, New Zealand– Living Cell Technologies Limited (ASX: LCT; OTCQX: LVCLY) today emphasized that its pig cell product, DIABECELL®  presently in Phase I/IIa clinical trial for the treatment of insulin dependent diabetes, is free of pig viruses, bacteria and parasites. In the wake of recent reports of a new strain of influenza virus in Mexico and the United States, LCT referred to Professor Roger Morris, emeritus professor of New Zealand’s Massey University, and an international expert on pig infections, who said that swine influenza is not endemic in New Zealand.

The appearance of pig-avian-human viruses is a consequence of human co-existence with pigs and birds in nature. Viral infections from pigs to humans have never arisen from pig tissue implanted into humans. New Zealand’s geographical isolation, historical biosecurity and strict animal quarantine practice have kept the country free from a number of pig pathogens including swine influenza. LCT’s pig herd is derived from the Sub-Antarctic Auckland Islands and bred in bird-proof pathogen free facilities.

LCT Medical Director, Professor Bob Elliott said, “As swine influenza infection has not been endemic in New Zealand, there has been no opportunity for pig, bird and human viruses to recombine as has occurred naturally elsewhere. LCT’s pig cell treatment uses cells from pigs bred from our own facilities in New Zealand. The complete isolation of our herd in a containment facility means that even if swine influenza did happen in other New Zealand pigs it is very unlikely to occur in this herd.   

Professor Elliott continued, “Those who have received pig cell implants without immunosuppressive drugs have a normal immune system and are not at any additional risk and should follow the same travel precautions and advice that public health authorities have for healthy citizens”.

 

-Ends-

 


 

 

Living Cell Technologies Publishes Expert Opinion on Bioartificial Pancreas for Diabetes

21 April, 2009 - -

Living Cell Technologies Publishes Expert Opinion on Bioartificial Pancreas for Diabetes

21  April 2009 – Sydney, Australia, Auckland, New Zealand– Living Cell Technologies Limited (ASX: LCT; OTCQX: LVCLY) indicated that its review on the state of the art of using encapsulated porcine cells for the treatment of insulin dependent diabetes has been published in a recent issue of the science journal, Expert Opinion on Biological Therapies.

The scientific review is an update summarising how recent advances overcome technical hurdles to deliver insulin producing pig cells to people with diabetes in a way that evades rejection by the immune system without using toxic immune suppressive drugs.

LCT CEO, Dr Paul Tan said: “LCT’s Medical Director Professor Bob Elliott and Dr Christopher Thanos, previously an employee of LCT and now an independent consultant to LCT and a Visiting Scholar at Brown University, Rhode Island, USA, are recognized experts in this field.”

The review presents an overview of the long held goal of a bioartificial pancreas that is made up of cells that produce insulin for people who are not able to make their own insulin. Such cells have come from pigs because of the shortage of human donors.

In the past 5 years, the scientific community has developed criteria to critically select donor animals in clean breeding facilities and which are screened against various viruses.

The authors described the many attempts to implant these pig cells in protective spheres, sheets, cylinders, rods, discs or other structures and often with immunosuppressive drugs that prevent T cells of the body’s immune system from rejecting the implanted cells.

 

The paper tracks implants of pig islets dating to the first attempt in Sweden in 1994 with immune suppression to more recent implants in New Zealand without using immunosuppressive drugs.

Their review concludes “With advances in biomaterial design, source tissue selection and the evolution of critical cell processing techniques, contemporary encapsulated porcine islet therapies offer a new level of clinical promise.

LCT’s lead product, DIABECELL® comprising encapsulated neonatal porcine pancreatic islets, is presently in Phase I/IIa human clinical trial without immune suppression.

Reference: CG Thanos, RB Elliott. Encapsulated porcine islet transplantation: an evolving therapy for the treatment of type 1 diabetes. Expert Opinion on Biological Therapies. 2009; 9 (1): 29 -44. [The full article is available from www.expertopin.com upon subscription]

 

Click here to download this release in MSWord format.
 

Working with the Ministry of Health on New Zealand clinical trial of DIABECELL®

17 April, 2009 - COMPANY ANNOUNCEMENT align="left">17 April 2009 - Sydney, Australia, Auckland, New Zealand- Living Cell Technologies Limited (ASX: LCT; OTCQX: LVCLY) On 21 October 2008 the New Zealand Minister of Health authorised an application from the company to conduct a clinical trial of DIABECELL® in New Zealand. As stated at the time, the approval was subject to conditions designed to safeguard the health and safety of the trial's participants and the wider public. One of these conditions was completion of an international peer review to advise the Minister on the adequacy of LCT's application and the risk management and safety procedures in the protocol and to make recommendations on whether any changes are required to the conditions of approval placed on the study in order to adequately manage any outstanding risk of patient harm.

The peer reviewer has asked for further information about the safety of the proposed trial. LCT has provided a response for consideration by the peer reviewer and understands that the review of the additional data provided will be completed by early May.

LCT is continuing to monitor the seven patients in the on-going trial in Russia and is planning further implants. Product quality specifications have been narrowed and indications from the last implant reported early this month, where the patient has gone off insulin altogether, are very promising.

The new pig breeding facility is expected to be completed in the next four to six weeks. When fully commissioned, the new facility advances LCT's capability to supply pig cells for the next two years of the Company's clinical program and supports LCT's leading position in this field.

Click here to download this release in PDF format.

 

Living Cell Technologies Welcomes Report On Safety of Pig Cell Transplants

08 April, 2009 - -

COMPANY ANNOUNCEMENT

Living Cell Technologies Welcomes Report On Safety of Pig Cell Transplants

April 8, 2009 - Sydney, Australia and Auckland, New Zealand- Living Cell Technologies Limited (ASX: LCT; OTCQX: LVCLY) says that the safety of using pig cells as a method of treatment has been supported by leading international virologists in an independent scientific paper. The report published recently in the science journal Xenotransplantation indicated that even large doses of pig retroviruses injected into monkeys did not cause infection or disease.

LCT's product comprising encapsulated insulin-producing pig cells, DIABECELL®, is in clinical trial for the treatment of type 1 diabetes without the use of immunosuppressive drugs.

LCT medical director, Professor Bob Elliott, said: "This report goes a long way to eliminating concerns that endogenous retroviruses from pig cells would infect people who receive pig cell transplants.

Large amounts of live viruses and viruses modified to infect human cells in culture were injected into monkeys and baboons without causing disease. The animals were given three different immunosuppressive drugs to weaken their immune system and exposure to significant amounts of these viruses still did not result in retroviral infection as no proviral DNA was found integrated in recipient cells or organs after 11 months.

DIABECELL® is given without immunosuppressive drugs so that our patients retain a healthy immune system. LCT's pigs do not secrete infectious virus and are tested regularly to be free of other viruses, bacteria and parasites."

Dr Paul Tan, LCT CEO, said: "The report is consistent with LCT's experience with providing pig cell implants for 18 patients under previous regulations. LCT reported no evidence of pig transmitted infections up to nine years following the implants.

The risk of pig retroviral infection has always been theoretical as it has never occurred. This new report shows that infection does not occur even in monkeys made susceptible to infection."

The paper published in the most recent issue of Xenotransplantation describes a study with rhesus monkeys, pig-tailed monkeys and baboons that were given the immunosuppressant drugs cyclosporine A, methylprednisolone and the rapamycin derivative to induce a state of chronic immunosuppression. Before inoculation with porcine endogenous retroviruses (PERV), complement activation was blocked with C1 esterase inhibitor. The authors concluded that "neither the inoculation of cell-free nor cell-associated PERV using a virus already adapted to primate cells results in an infection; this is despite the fact that peripheral blood mononuclear cells of the same animals are infectible in vitro."

References:

Specke V, Plesker R, Wood J, Coulibaly C, Suling K, Patience C, Kurth R, Schuurman HJ, Denner J. No in vivo infection of triple immunosuppressed non-human primates after inoculation with high titres of porcine endogenous retroviruses. Xenotransplantation 2009 Jan;16 (1): 34-44.

 

Garkavenko O, Croxson MC, Irgang M, Karlas A, Denner J and Elliott RB. Monitoring for presence of potential xenotic viruses in recipients of pig islet xenotransplantation. Journal of Clinical Microbiology 2004; 42: 5353- 5356

 

Click here to download this release in PDF format.
 

LCT Clinical Update

06 April, 2009 - Living Cell Technologies gains additional benefit from Diabecell with modified diabetes clinical trial protocol   Living Cell Technologies Ltd                                          

  

COMPANY ANNOUNCEMENT

  

Living Cell Technologies Gains Additional Benefit From DIABECELL® With Modified Diabetes Clinical Trial Protocol

 

April 6, 2009 - Sydney, Australia, Auckland, New Zealand- Living Cell Technologies Limited (ASX: LCT; OTCQX: LVCLY) reports insulin independence in a patient with insulin dependent type 1 diabetes who received DIABECELL®, its encapsulated insulin-producing porcine cells, as part of an on-going Phase I/IIa clinical trial. The patient is a 37 year old woman who was on daily insulin injections for 15 years and now maintains good blood glucose control without insulin injections. Live porcine cells in intact capsules have been biopsied from the site of implants in the abdomen and porcine insulin was detected in the patient's blood.

 

LCT Medical Director, Professor Bob Elliott said, "Patients who have received the initial doses of the implants have clearly shown benefit."

 

Professor Elliott explained, "Early in the study, one patient attained insulin independence for eight weeks following the lowest dose of 5,000 islet equivalents (IEQ per kg body weight). She was given another implant at the lowest dose six months after the first. Subsequently, she required half the daily pre-implant insulin dose to maintain satisfactory blood glucose levels for the following year. A third implant of 8,000 IEQ per kg was administered and she again did not need insulin injections to maintain normal blood glucose levels."

 

Dr Paul Tan, LCT Chief Executive Officer, said, "These encapsulated cells offer not only an alternative but a physiological replacement therapy to provide new hope and improved lifestyles for people with diabetes.

 

At this early stage of clinical trials, results show that insulin independence is potentially achievable at least in some patients and that repeat implants are safe. LCT has narrowed product quality release specifications and responses to higher doses at first implants in future patients will clarify when and if repeat doses are necessary."

 

DIABECELL® is LCT's encapsulated porcine insulin-producing cell product designed for the treatment of type 1 diabetes without the use of immunosuppressive drugs.

 

A total of seven patients have received DIABECELL® implants in the safety and dose finding study. Patients were administered low or medium dose implants (5,000 to 10,000 islet equivalents (IEQs) per kg body weight) and some have had a repeat implant at least six months after the first. There have been no remarkable adverse events attributed to repeat implants.  

 

Interim results from the trial conducted in Moscow has shown good blood glucose control as reflected by a reduction in glycated hemoglogin (% HbA1c) levels following the implants with reduction in daily insulin doses of varying magnitude for the implant doses administered to date.

 

Click here to download this release in PDF format.
 

LCT quarterly newsletter

15 March, 2009 - March issue

We start 2009 in a world that is changing dramatically.  In this climate, LCT has to make sure that we have a business strategy that will take DIABECELL® to clinical and commercial success.

Click here to download this release in PDF format.
 

Half yearly report

02 March, 2009 - Living Cell Technologies half yearly report for the period ended 31 December 2008 Sydney, Australia, Auckland, New Zealand - Living Cell Technologies Limited (ASX:LCT, OTCQX: LVCLY) today announced the half yearly report for the six months ended 31 December 2008.

Click here to download this release in PDF format.
 

Clinical Update

11 February, 2009 - Living Cell Technologies Reports Interim Results Showing Sustained Benefit With DIABECELL® Implants for Insulin Dependent Diabetes February 11, 2009 - Sydney, Australia, Auckland, New Zealand- Living Cell Technologies Limited (ASX: LCT; OTCQX: LVCLY)

reports positive interim results from the long term follow-up of insulin dependent diabetes patients in the Phase I/IIa clinical trial of its lead product, DIABECELL®.

Click here to download this release in PDF format.
 

Quarterly Report

30 January, 2009 - Quarterly cash flow report for the period ended 31 December 2008 Sydney, Australia, Auckland, New Zealand - Living Cell Technologies Limited (ASX: LCT; OTCQX: LVCLY) today announced the quarterly cash flow report for the quarter ended 31 December 2008. 

The cash balance at the end of the quarter was $7,235,292 compared to $8,670,253 at the end of the quarter to 30 September 2008.

Click here to download this release in MSWord format.
 

Living Cell Technologies Conserves Funds with Leaner Management

23 December, 2008 - December 23, 2008 - Sydney, Australia, Auckland, New Zealand - Living Cell Technologies (ASX: LCT, OTCQX: LVCLY)

today announced that Dr Robert Caspari is standing down as Chief Executive Officer of the Company but remains on the Board of Directors.

Click here to download this release in PDF format.
 

LCT announces collaboration with Centocor Research & Development

18 December, 2008 - Living Cell Technologies Announces collaboration with Centocor Research & Development, Inc. December 18, 2008 - Sydney, Australia, Auckland, New Zealand and Boulder, Colorado, US - Living Cell Technologies Limited (ASX: LCT, OTCQX LVCLY) Today announced that the Company has commenced a research agreement with Centocor Research & Development, Inc. (Centocor). Through this agreement, Centocor will have access to LCT's proprietary encapsulation technology.

Click here to download this release in PDF format.
 

LCT`s NeurotrophinCell effective in Parkinson`s disease

11 December, 2008 - 12 November, 2008 - Preclinical Studies Suggest that Living Cell Technologies' NeurotrophinCell is Effective in Parkinson's Disease

Today reported that its pipeline product, NeurotrophinCell (NtCell), encapsulated brain choroid plexus cells, may be beneficial in Parkinson's disease.

Click here to download this release in PDF format.
 

Living Cell Technologies Reports on 12-Month Clinical Effects of DiabeCell® at Annual

06 November, 2008 - Sydney, Australia, Auckland, New Zealand and Boulder, USA - Living Cell Technologies Limited (ASX: LCT; OTCQX: LVCLY) today updated shareholders at their Annual General Meeting in Adelaide, Australia on the Phase I/IIa clinical trial of DiabeCell®, LCT's lead product candidate for the treatment of insulin dependent (Type 1) diabetes.

Click here to download this release in MSWord format.
 

Living Cell Technologies Expands Breeding Capability with New Production Facility

23 October, 2008 - Melbourne, Australia, Auckland, New Zealand and Boulder, USA - Living Cell Technologies Limited (ASX:LCT; OTCQX:LVCLY)

today announced that it will expand its breeding capabilities with the construction of a new Designated Pathogen Free Facility (DPF) facility for the breeding of LCT's unique pig herd. Building consent has been granted for the facility, which will be built in Invercargill in New Zealand's South Island, and is expected to be operational in the first quarter of 2009.

Click here to download this release in MSWord format.
 

Living Cell Technologies Receives Health Minister's Approval to Start Leading Edge Live Cell Therapy

21 October, 2008 - Living Cell Technologies today announced that New Zealand Health Minister, the Honorable David Cunliffe, has approved an application from the company to conduct in New Zealand a Phase I/IIa clinical trial of DiabeCell®, LCT's lead product candidate for the treatment of insulin dependent (Type 1) diabetes.

Click here to download this release in PDF format.
 

NOTICE OF ANNUAL GENERAL MEETING

07 October, 2008 - Living Cell Technology gives notice of their Annual General Meeting

to be held at to be held at 1.00 pm on Thursday 6 November 2008 at Stamford Plaza Hotel, Clare Room, 150 North Terrace, Adelaide SA

Click here to download this release in PDF format.
 

Annual Report

07 October, 2008 - Living Cell Technology's 2008 Annual Report Living Cell Technologies (LCT) is a global company focused on developing cell-based therapy products to treat life threatening human diseases. The Company has offices in Australia, New Zealand and the USA and is listed on the Australian Stock Exchange as well as the international OTCQX.

Click here to download this release in PDF format.
 

Preliminary Final Report for the year ended 30 June, 2008

28 August, 2008 - -

Preliminary Final Report for the year ended 30 June, 2008  August 29, 2008 - Melbourne, Australia and Auckland, New Zealand - Living CellTechnologies Limited (ASX:LCT; OTCQX: LVCLY)today announced the Preliminary Final Rule 4.3A, the report is attached.

report (Appendix 4E) on the results for the year ended 30 June, 2008. In accordance with Listing

This financial year has been one of significant progress for LCT, having raised substantial capital and making remarkable inroads with the development of its lead cell therapy product DiabeCell® in clinical trials for the treatment of Type 1 diabetes. Early stage results received from the trial have already indicated clinical benefit at the lowest dose, helping to raise investor confidence.

Over the last 12 months, the company has focused on developing a global presence. Listing on the International OTCQX in New York, working with the Barbara Davis Centre for Diabetes in Denver, Colorado and appointing a US-based CEO, Dr. Robert Caspari, have enabled the company to establish a stronger international position.

Financial Results

The net loss for the financial year to 30 June 2008 was $6,974,037 compared to $5,987,322 in the prior year, a 16.5% increase in the annual loss. The net operating cash flows for the company during the year to 30 June 2008 totalled ($5,794,875) a 4.7% increase on the ($5,536,560) last financial year.

The end of year cash balance increased by 340%, up from $2,449,768 last year to $10,767,335 as at 30 June 2008. Cash from shares issued generated $14,998,445 during the year, prior to transaction costs of $699,642. The convertible note that was on the balance sheet in the prior year was converted to equity by the noteholders during the year, in accordance with the terms of the convertible note. The combined effect of now having a significantly higher cash balance and the convertible note no longer on the balance sheet results in a significantly improved working capital position for the company. This year's working capital was $10,306,026 compared to $151,639 last year, an increase of $10,154,387.

Revenue for the year was $1,354,904, an increase of $410,120 or 43.4%. Most of this increase was from a $181,659 improvement in Interest Income (from funds on deposit amounting to $292,031) as well as an increase of $194,824 in Government Grants, which totalled $1,010,521 for the year.

Key Announcements & Milestones Achieved

Since last year LCT has issued a number of significant announcements, including:

- Receipt of a total of approx AU$15.5m in capital placements;

- Confirmation of positive preliminary and six month interim results in the Phase I/IIa

DiabeCell® clinical trial;

- Receipt of approval to expand DiabeCell® clinical trial following positive preliminary data;

- Presentation of LCT's encapsulation technology at international conferences;

- Issued fourth US patent for lead product, DiabeCell®;

- Hosted diabetes seminar for world leaders in cell therapy;

- Gained further international support from US-based Children with Diabetes Foundation (CWDF)

- Began working with the Barbara Davis Centre for Diabetes in Denver;

- Increased US investment support through listing on the International OTCQX;

- Strengthened US presence through appointment of US-based CEO, Robert Caspari

Click here to download this release in PDF format.
 

Search our site

DIABECELL®

Natural neo-natal porcine islets encapsulated in an alginate gel and transplanted for the treatment of insulin-dependent diabetes.

More Information

NTCell

A choroid plexus cell product with the potential to treat neurological diseases such as Parkinson’s disease and stroke.

More Information

Fac8Cell

A liver cell product aimed at producing factor 8, a blood clotting agent absent or defective in people suffering haemophilia.

More Information

Encapsulation Technology

LCT’s technology platform involves the implantation of healthy living cells to replace, repair or regenerate diseased or damaged organs.

More Information

Videos

The Advances in Porcine Islet Implants for the Treatment of Type 1 Diabetes Symposium.

More Information