IntelliCell Announces Research Tissue Bank License
NEW YORK, Oct. 4, 2012 /PRNewswire/ -- IntelliCell BioSciences, Inc. ("Company") (OTCQB: SVFC) announced today that it has been granted a Research Tissue Banking License by the New York State Department of Health.
Dr. Steven Victor, Chairman and CEO of IntelliCell, stated that "We are very pleased with the Tissue Banking License from New York State. This brings us closer to the development of autologous and allogenic stromal vascular fraction tissue for researchers around the world. With the vast amount of clinical research being conducted using adipose derived cellular components, we can fill a supply chain gap that exists today. This is significant for the Regenerative Medicine industry and those conducting important research resulting in better medicine."
Robert J. Sexauer, Executive Vice President of Clinical Development, added "it has proven very challenging for universities and other researchers to obtain a consistent supply of stromal vascular fraction cells due to HIPPA and other privacy issues. IntelliCell has developed a patent pending process that utilizes tissue donors as the source for the vascular adipose tissue that is processed into the cellular end product. We are happy to make an important contribution to the advancement of our technology as it moves from research laboratories and into the clinic".
About IntelliCell BioSciences
IntelliCell is a pioneering regenerative medicine company focused on the expanding regenerative medical markets using adult autologous vascular cells (SVC's) derived from the blood vessels in the adult adipose tissue. IntelliCell Biosciences has developed its own patent pending protocol to separate adult autologous vascular cells from adipose tissue without the use of enzymes. IntelliCell will also be seeking to develop technology-licensing agreements with technology developers, universities, and international business entities.
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IntelliCell BioSciences, Inc Contact: Robert J. Sexauer