ORTEC SUCCESSFULY DEFENDS EUROPEAN PATENT ON ORCEL.
Commenting on the successful defense, Steven Katz, Ph.D., Ortec's chairman and CEO stated, "This is the second challenge from a competitor Ortec has successfully defended. We have always felt confident in the strength of our patent, and the European Patent Office's decision reaffirms the novelty and inventiveness of Ortec's leading technology." Advanced Tissue Sciences has the right to appeal for two months following the official date of issuance of the decision.
Ortec was originally granted the European patent on its OrCel technology on December 29,1997 (patent #EP0526550) and received notification that it was being challenged by Advanced Tissue Sciences November 5, 1998. In 1996, Ortec successfully defended its U.S. patent on OrCel in a patent reexamination challenge by Organogenesis, another competitor of Ortec. In addition, Ortec has also recently filed several patents in the U.S. for processes relating to its cryopreservation, cell production and manufacturing.
About Ortec International, Inc.
Ortec International, Inc., (Nasdaq:ORTC), is a tissue-engineering company involved in the commercialization of a proprietary and patented technology to stimulate the repair and regeneration of human tissue. Ortec's current focus is the application of its OrCel(TM) (Bilayered Cellular Matrix) to heal chronic and acute wounds. OrCel is composed of a collagen sponge seeded with allogeneic epidermal and dermal cells. These cells secrete growth factors and cytokines normally found in acute human wounds and are believed to have a beneficial role in promoting tissue repair. In addition to having received FDA approvals during 2001 for the treatment of Epidermolysis Bullosa and donor sites in burn patients, Ortec is also pursuing FDA approvals for venous and diabetic skin ulcers and is in the midst of clinical trials for these indications. Ortec believes that its platform technology may extend to the regeneration of other human tissue such as tendons, ligaments, cartilage, bone, muscle and blood vessels.
For more information, visit http://www.ortecinternational.com or call 212/740-6999, ext. 204
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|Comment:||ORTEC SUCCESSFULY DEFENDS EUROPEAN PATENT ON ORCEL.|
|Date:||May 1, 2002|
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