TEL AVIV,
Israel--(BUSINESS WIRE)--October 13, 2004-- Tissera, Inc. (OTCBB:TSSR
-
News) has conducted a review of certain patents which were filed
by Dr. Marc Hammerman of the Washington University in St. Louis in
connection with the development of therapies based on transplanted
embryonic kidney and pancreatic precursor cells. As a result of the
review, Tissera does not believe that Dr. Hammerman's patents should
restrict Tissera’s freedom to implement its pancreatic and/or kidney
product development.
About Tissera
Tissera is a biotechnology company dedicated to the development of
novel tissue precursor regeneration technologies for treating gene
deficiencies and diseases in which organ transplantation is
necessary, while minimizing the dosage of immunosuppressive drugs.
Tissera obtained the license for the worldwide exclusive rights to
the technology developed by Professor Yair Reisner and his team at
the Weizmann Institute of Science in Israel. In this research,
scientists successfully implanted in mice embryonic human and
porcine organ precursor tissues, which grew into functional organs.
This research was published in Nature Medicine and attracted
worldwide scientific and media attention.
Safe Harbor Statement
"Statements in this document that are not purely historical are
forward-looking statements. Forward-looking statements in this
release include statements regarding our developing technology into
a useful product, our moving forward with our plans for trials, and
our plans to expand the Company's infrastructure. Actual outcomes
and our actual results could differ materially from those in such
forward-looking statements. Such statements, including statements
regarding freedom to operate, patentability, infringement, clinical
trials, involve significant risks and uncertainties and actual
results could differ materially from those expressed or implied
herein. Factors that could cause such differences include, but are
not limited to, risks associated with new product development
(including clinical trials outcome and regulatory
requirements/actions), competitive risks to marketed products and
availability of financing that could cause actual results to differ
materially include risks and uncertainties such as the inability to
further finance our plans and unforeseen technical difficulties in
developing our technology, which could among other things, delay or
prevent product development and our planned results. For further
risk factors see the Company's 10-KSB filed with the SEC for our
latest fiscal year."