Stem Cell Therapeutics Announces Issuance of Australian Patent

CALGARY, ALBERTA--(Marketwire - Oct. 1, 2008) - Stem Cell Therapeutics Corp. ("SCT") (TSX VENTURE:SSS) has been issued Australian Patent No. 2003250697, entitled "Oligodendrocyte Production from Multipotent Neural Stem Cells". This patent, issued on August 14, 2008, covers methods of producing oligodendrocytes from neural stem cells using granulocyte-macrophage colony stimulating factor (GM-CSF), interleukin 3 (IL-3), or interleukin 5 (IL-5), either in vivo or in cell culture, as well as oligodendrocyte compositions produced by such methods. This is the first patent to issue in this patent family.