
HepaLife™ Announces Exclusive License Agreement with
U.S. Government Agency for Liver Cell Line
HepaLife licenses improved hepatocyte cell lines for use
in bioartificial liver system from U.S. Department of Agriculture.
Boston, MA – November
8, 2007 - HepaLife Technologies, Inc. (OTCBB: HPLF) (FWB:
HL1) (WKN: 500625) today announced that the Company has entered
into an exclusive license agreement with the U.S. Department of
Agriculture, Agricultural Research Service (USDA, ARS) for the
use of patented liver cell lines in artificial liver devices and
in-vitro toxicological testing platforms.
The terms of the agreement cover specific patents and the PICM-19 hepatocyte
cell lines. Financial details were not disclosed.
ABOUT HEPALIFE TECHNOLOGIES, INC.
HepaLife Technologies, Inc. (OTCBB: HPLF - News; FWB: HL1) (WKN:
500625) is a developer of cell-based medical technologies addressing
prevalent human health concerns.
Current cell-based technologies under development by HepaLife include
1) the first-of-its-kind artificial liver device, 2) proprietary
in-vitro toxicology and pre-clinical drug testing platforms, and
3) novel cell-culture based vaccine production methods for the manufacture
of vaccines against H5N1 avian influenza and other viruses.
For additional information, please visit www.hepalife.com.
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and research scientists, changes in interest rates, inflationary
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products intended to diagnose, treat, prevent or cure any disease.
The statements contained in this press release regarding our on going
research and development and the results attained by us to-date have
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be no assurance that further research and development, and /or whether
clinical trial results, if any, will validate and support the results
of our preliminary research and studies. Further, there can be no
assurance that the necessary regulatory approvals will be obtained
or that HepaLife will be able to develop commercially viable products
on the basis of its technologies. In addition, other factors that
could cause actual results to differ materially are discussed in
the Company's most recent Form 10-Q and Form 10-K filings with the
Securities and Exchange Commission. These reports and filings may
be inspected and copied at the Public Reference Room maintained by
the U.S. Securities & Exchange Commission at 100 F Street, N.E.,
Washington, D.C. 20549. You can obtain information about operation
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The Company makes no commitment to publicly release the results of
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to reflect the events or circumstances after the date hereof or to
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