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From 11 March....Change of CEO and Chief Scientist Interest
Biomedical company, Tissue Therapies Limited (ASX: TIS) today announced that the
CEO, Dr Steven Mercer has increased the shareholding of a related entity of which he is
Trustee by another 46,500 shares in Tissue Therapies. These shares were bought on the
open market and are reported in the attached Appendix 3Y. This brings the total Tissue
Therapies shareholding of Dr Mercer’s related entity to 138,000 shares bought on the open
market.
The Chief Scientific Officer of Tissue Therapies, Professor Zee Upton and related entities
have also recently increased their Tissue Therapies shareholding by open market purchases
of an additional 74,000 shares, these purchases being completed on 28 February 2008.
This brings the total shareholding of Professor Upton and related entities to 1,475,276
shares (4.76% of total issued equity).
ENDS
Further information: Dr Steven Mercer
CEO, Tissue Therapies Limited
Telephone: 07 3839 9938
Email: [email protected]
About Tissue Therapies Limited
Tissue Therapies Limited is an Australian company developing biomedical technologies for
wound healing, tissue and various cell culture applications.
The Company has worldwide exclusive rights to commercialise VitroGro®, a versatile growth
factor based technology developed by tissue engineering experts at the Institute for Health
and Biomedical Innovation at QUT for enhancing cell growth and migration. VitroGro® has
particular commercial applications in wound healing, tissue regeneration, stem cell therapies
and other cell culture uses.
Based on its VitroGro® technology, Tissue Therapies is developing more effective medical
treatments for wounds and burns, integration of orthopaedic and medical implants, and other
applications such as cosmeceuticals.
Tissue Therapies also provides cell culture reagents to enhance the growth of mammalian
cells for emerging cell-based therapies, along with research and industrial cell culture
markets internationally.
More information: www.tissuetherapies.com