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Cell Cure Neurosciences Ltd., a Subsidiary of BioTime (BTIM.PK) and Hadasit Bio Holdings, Enters into an Exclusive License Option Agreement with Teva Pharmaceutical Industries Limited (TEVA)


10/11/2010 12:23:02 PM

JERUSALEM & ALAMEDA, Calif.--(BUSINESS WIRE)--BioTime, Inc. (NYSE Amex:BTIM), Cell Cure Neurosciences Ltd., and Hadasit Bio-Holdings Ltd. (Tel Aviv Stock Exchange:HDST) jointly announced today that Cell Cure and Teva Pharmaceutical Industries Ltd. have entered into an exclusive license option agreement to develop and commercialize Cell Cure's OpRegenTM product for the treatment of age-related macular degeneration (AMD). OpRegenTM is a proprietary formulation of embryonic stem cell-derived retinal pigment epithelial cells designed by Cell Cure to help save the sight of the baby boomer generation.

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