louisa,
nothing to add to what was said about Roslin during 3rd qtr CC seen below except to say it will be a while..thanks
(CC question and answer)
Douglas Johnson: I would like to touch on Roslin for a minute if I could. Given European patent ruling there, I was wondering about whether cell banking has commenced there, what is the statuses on licensing and rate structures, and when would you anticipate revenue generation?
Gary Rabin: Ok, We have not started cell banking there but I am gonna have Matt Vincent address the current status of that joint venture and where we stand on moving forward there. In terms of expecting a time frame for revenue recognition I think that is a little bit of a ways out. Obviously, the process involved is creating a cell bank and then, you know, going ahead and getting license agreements in place with third parties. But Matt, why don’t you pick it up a little bit from there.
Matt Vincent: Absolutely. So, I think, the best way to characterize it right now is we are finalizing the technology transfer in terms of teaching the folks at Roslin the various techniques around single cell biopsy and then, ultimately, being able to utilize the single blastomeres in deriving embryonic stem cells. The anticipation is that we will have scientists here from Roslin shortly in order to give them the final hands-on training and put them in a position where they can either conduct work here or conduct work at their labs in Scotland. The other aspect to it that we have been working through.. it’s a matter of just dealing with some of the red tape…is identification of donors. You know, one of the hopes and expectations for this cell bank was that we were creating embryonic stem cell lines that represented not just different histocompatibility aspects to the overall population, but even cell lines that were derived from different ethnic or geographic locations. So, there has been an aspect to coordinating the donation of excess in vitro fertilization embryos for this process that we have been working through as well. But, our hope is that the bank will be up and functioning sometime early to middle of next year.
AI
