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Biotech / Medical : Small Cap Foreign Biotech

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To: RWReeves who started this subject11/10/2000 5:05:17 AM
From: nigel bates  Read Replies (1) of 363
 
LONDON, Nov 10 (Reuters) - UK biotechnology firm PPL Therapeutics Plc (LSE: PTH.L - news) said on Friday it was extending its technology platform into diabetes treatment, and would create a new unit to focus on this, which could be separately listed in the future.
The diabetes project would focus on the conversion of human stem cells into insulin producing islet cells which, as had been given considerable credibility by recent advances in Canada, the company said.
"Forming a subsidiary company will facilitate the acquisition of certain key third parties...which will be essential in achieving the production of the human insulin producing islet cells," PPL said in a statement.
"PPL is already in contact with some relevant third parties," the company said....
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