Health & Fitness
Fri, August 31, 2012
MARLBOROUGH, Mass.--([ BUSINESS WIRE ])--Advanced Cell Technology, Inc. (aACTa)(OTCBB: ACTC), a leader in the field of regenerative medicine, today issued a statement on the U.S. Appeals Courtas [ ruling ], upholding a lower courtas dismissal of the case, aSherley v. Sebelius,a 11-5241, U.S. Court of Appeals for the District of Columbia Circuit (Washington), on the permissibility of federal funding of embryonic stem cell research.
"This ruling removes a great deal of the ambiguity that has hampered legislative attempts to provide an efficient mechanism for federal funding of hESC research"
aThis court ruling should be of considerable benefit to ACT and our embryonic stem cell-based clinical programs,a commented Gary Rabin, chairman and CEO. aIt effectively removes major speed bumps for the National Institutes of Health (NIH) in terms of approving the several stem cell lines that we have submitted for their consideration for funding. With Fridayas decisive ruling, we expect that a number of our embryonic stem cell lines will be approved for funding in coming months.a
aSherley v. Sebeliusa had sought to block the United States Health and Human Services Department and the NIH from spending federal funds for research with hESCs, contending that doing so would violate the Dickey-Wicker Amendment, a short rider attached to legislation passed in 1996.
aThis ruling removes a great deal of the ambiguity that has hampered legislative attempts to provide an efficient mechanism for federal funding of hESC research,a continued Mr. Rabin. aThe path for legislators to enact such legislation has now been cleared, and in that case we are optimistic that there could be encouraging new developments in the legislative arena, as well, in coming months. We would certainly hope that our patented, proprietary aembryo-safea single-cell blastomere technique would be a part of any such conversation. We feel that if we could educate more Americans about this technique, and how directly and effectively it addresses the various ethical objections to hESC research, that broad support for the technique and the field overall would quickly fall into place.a
More commentary on Fridayas court ruling will be posted today on Mr. Rabinas[ Chairmanas blog ].
About Advanced Cell Technology, Inc.
Advanced Cell Technology, Inc. is a biotechnology company applying cellular technology in the field of regenerative medicine. For more information, visit [ http://www.advancedcell.com ].
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