Life Medical Sciences Inc. developing improved stability formulations of Cariel & Piliel; clinical trial to be modified; corrects erroneous Reuters report.PRINCETON, N.J.--(BUSINESS WIRE)--Feb. 9, 1996--Life Medical Sciences Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CHAI chai n. A beverage made from spiced black tea, honey, and milk. [Ultimately from Chinese (Mandarin) chá, tea.] ) Friday announced that it has prepared lyophilized ly·oph·i·lize tr.v. ly·oph·i·lized, ly·oph·i·liz·ing, ly·oph·i·liz·es To freeze-dry (blood plasma or other biological substances). [lyophil(ic) + -ize. (freeze-dried) formulations of Cariel(tm), a proposed product for wound healing, and Piliel(tm), a proposed product for hair regrowth Re`growth´ n. 1. The act of regrowing; a second or new growth. The regrowth of limbs which had been cut off. - A. B. Buckley. , for the purpose of extending their shelf-life and eliminating the need for refrigeration refrigeration, process for drawing heat from substances to lower their temperature, often for purposes of preservation. Refrigeration in its modern, portable form also depends on insulating materials that are thin yet effective. . The Cariel pivotal trial is being modified to test the new formulation of Cariel and to eliminate the testing of Cariel on superficial wounds, concentrating on more serious wounds. In addition, the numbers of centers at which Cariel will be tested will be increased. The company anticipates that results from these studies will be available by mid-1997. Earlier this week, Reuters erroneously reported that management changes took place at Life Medical Sciences Inc. They confused Life Medical Sciences Inc., Nasdaq symbol: CHAI, with Life Medical Technologies Inc., Nasdaq symbol: LFMD, where the changes actually occurred. There have been no new management changes at Life Medical Sciences Inc. Life Medical Sciences Inc. is engaged in the development of cost-effective medical products. The company is developing other medical products, including Lipoel(tm) for the autotransplantation autotransplantation /au·to·trans·plan·ta·tion/ (-trans?plan-ta´shun) transfer of tissue from one part of the body to another part. au·to·trans·plan·ta·tion n. of fat; and Repel(tm), a resorbable adhesion barrier film used to prevent surgical adhesions. CONTACT: South Coast Communications Kent Broussard (investor relations), 714/252-8440 Owen Daley (media), 714/252-8440 or Life Medical Sciences Inc. Donald W. Fallon, 609/452-0707 |
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