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Novocell seeking to capitalize on new diabetes discovery: stem cell engineering firm raises $50m, to meet with FDA.

Publication: San Diego Business Journal
Publication Date: 25-FEB-08
Format: Online
Delivery: Immediate Online Access
Full Article Title: Novocell seeking to capitalize on new diabetes discovery: stem cell engineering firm raises $50m, to meet with FDA.(Company overview)

Article Excerpt
Stem cell engineering company Novocell Inc. announced last week it had discovered a way to coax human embryonic stem cells to evolve into insulin-producing cells to control blood-sugar levels in mice with diabetes.

The San Diego company said it hopes its discovery will one day lead to a treatment for the more than 170 million people worldwide with diabetes.

Now, Novocell says, it will seek sources of funding to push its discoveries into the marketplace.

Alan Lewis, president and chief executive...

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