Sernova Corp. Presents Cell Pouch System Preclinical Results at the American Society of Internal Artificial Organs

LONDON, ONTARIO--(Marketwire - May 28, 2010) - Sernova Corp. (TSX VENTURE: SVA) is pleased to announce that Dr. David White, chair of Sernova’s Scientific Advisory Board, is presenting results from a key porcine diabetes study evaluating the safety and efficacy of the Cell Pouch System™.

Dr. White’s podium presentation entitled “Development of a Cell Pouch to Form an Artificial Pancreas” is being presented in the “Artificial Organ Development Session” at the American Society of Artificial Internal Organs (ASAIO) 56th Annual Conference, Baltimore, MD, May 28th at 3:45 p.m.

The Cell Pouch System™ establishes a biological environment capable of preserving the functionality of therapeutic cells, allows for safe and long-term efficacious cell-based therapy and may offer a revolutionary improvement over the current practice of injecting therapeutic cells into blood vessels.

The Cell Pouch System™ is a proprietary medical device, implanted below the skin, allowing for incorporation of tissue and microvasculature to form a subcutaneous tissue-engineered pancreas, establishing an environment for the survival and functionality of insulin-producing islets and other therapeutic cells.

The study supported by a $486,000 financial contribution from the National Research Council of Canada Industrial Research Assistance Program (NRC-IRAP) which involves implantation of Sernova’s novel medical device into diabetic pigs to establish device parameters and optimize performance will be used as part of the regulatory documentation in support of a future Phase I/II human clinical study.

Sernova believes that the Cell Pouch System™ has the potential for a wide range of uses in cell therapy including the treatment of diabetes, haemophilia, spinal cord injury, Parkinson’s disease and other chronic debilitating diseases.

According to the American Diabetes Association approximately 9 million Americans require insulin injections and it is the sixth leading cause of death in the United States. One out of every eight dollars spent on health care in the United States is spent on treating diabetes and its complications. Worldwide expenditures on insulin alone are estimated to be $15 billion annually and growing.

About Sernova

Sernova Corp. is a Canadian-based health sciences company focused on product development and commercialization of innovative proprietary platform medical technologies in the cell therapy arena such as the Cell Pouch System™ to provide a safe and efficacious environment for therapeutic cells and Sertolin™, a technology which, when combined with cell therapy, may protect therapeutic cells without the need for patients to take anti-rejection drugs.

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