Iceni BioDiscovery Limited

Iceni BioDiscovery Ltd is a product-focused biotechnology company that is developing commercial cell therapies for unmet medical needs. Iceni will initially target diabetes where recent success in transplantation has created a requirement for more human tissue than is available from organ donors. Diabetes is a major and growing disease that would substantially benefit from a new treatment to restore physiological control of blood glucose levels. Nine percent of the UK National Health Service budget is spent on costs related to diabetes and its complications, islet transplantation is the only treatment for diabetes that can avoid these complications. Iceni’s products are based on insulin-producing cells, grown in the laboratory, that will greatly increase the number of patients that can receive a transplant. Products for treating other chronic diseases are in the pipeline. The Intellectual Property being developed by Iceni also opens opportunities for commercial collaborations and out-licensing.

Iceni obtained seed funding from Avlar and Prelude in April 2001 and completed a £3 million equity investment from three venture capital funds (Avlar, Novartis Venture Fund and Prelude) at the beginning of July 2001. A second round of funding will be completed in early 2003.

Contact Details: Tel: Fax: Email: WWW: www.biodiscovery.com.au/

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