Major Breakthrough! Living Cell Technologies (ASX:LCT) to use AI in research for Parkinson’s

May 23, 2022 06:04 PM AEST | By Aditi Sarkar
Follow us on Google News:

Highlights

  • LCT has marked a major leap in its groundbreaking research to combat Parkinson’s disease, which affects millions of people worldwide.
  • The company is set to apply AI in NTCELL research to augment the quality of its third clinical trial in Parkinson’s disease.
  • LCT has signed an agreement with OptiCellAI Pty to facilitate this AI research.

Living Cell Technologies (ASX:LCT), a biotechnology company, is set to leverage Artificial Intelligence (AI) into its pioneering research to fight Parkinson’s disease. The company has signed an agreement with Sydney-based start-up OptiCellAI Pty Ltd to facilitate joint research efforts.

Living Cell is engaged in the discovery and development of new treatments for debilitating conditions like diabetes and Parkinson’s disease. OptiCellAI Pty Ltd aims to apply artificial intelligence to medical biotechnology, including in vitro fertilisation.

With the latest development, the company is stepping toward a new phase in NTCELL research, intending to utilise AI to augment the quality of the third clinical trial in Parkinson’s disease.

Commenting on the development, LCT Executive Chairman, Professor Bernie Touch, said: “This is an exciting step in the manufacture of NTCELL. It introduces modern technology to ensure that the product released for clinical use will be of the highest standard, improving the prospects of a successful result. Additionally, it will introduce automation into the process, thereby speeding up the selection of the microcapsules to be implanted into each recipient.”

Do read: LCT, KZA, PAR, MDC: ASX biotech stocks with over 20% one-month returns

What is NTCELL?

NTCELL is an alginate coated capsule that contains clusters of neonatal porcine choroid plexus cells. These cells are sourced from a unique herd of designated pathogen-free pigs bred from stock initially discovered in the remote sub-Antarctic Auckland Islands.

Choroid plexus cells are naturally occurring ‘support’ cells for the brain. These contain various elements that provide for nerve cell functions and protective enzymes that are critical for the healthy functioning and growth of nerve cells.

Salient features of the agreement

  • Though OptiCellAI owns the core intellectual property of the device to be used, new intellectual property relating to the production of NTCELL will belong to LCT.
  • Based on a number of milestones, the cost of engineering, software, and biological input for AI use in the manufacture of NTCELL is expected to be up to AU$360,000.

Image source: © 2022 Kalkine Media®, Data source: LCT update

Recently, the company also signed a research agreement with the University of Technology Sydney, enabling the production of NTCELL for the first time in Australia.

Also read: What is Australian govt doing to boost stem cell research?


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.



Top ASX Listed Companies

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK