Melbourne, Nov 14, 2008 (ABN Newswire) - Regenerative medicine company, Mesoblast Limited (ASX:MSB)(PINK:MBLTY), announced today that its adult stem cell technology platform has been awarded the 2008 Frost & Sullivan United States Stem Cell Market Technology Innovation of the Year.

This Award recognises Mesoblast's United States-based sister company, Angioblast Systems Inc., for its success in developing and introducing new/disruptive technology, formulating a well-designed product family, and making significant technology contributions to the industry. The selection of this award is based on interviews and primary market analysis conducted by Frost & Sullivan's industry analyst team. The Award is made to the company that received the number one industry rank.

According to Frost and Sullivan industry analyst Katheryn Symank, "Angioblast's proprietary technology has several attractive attributes that set it apart from other stem cell products, including very accurate identification and isolation. This technology allows for a cell population with up to 1000-fold greater concentration of stem cells compared to other conventional sorting methods. Moreover, due to the non-immunogenic nature of the cells, Angioblast's highly concentrated and pure population of stem cells can provide a well-regulated, consistent batched product with stringent release criteria akin to small molecule pharmaceuticals."

"Since Angioblast's proprietary technology allows for a very pure, potent and homogenous cell population, we view the recent pharmaceutical partnering activity in the stem cell space as a major validation of Angioblast's approach. This underscores the company's prospects for significant commercial transactions," Symank noted.

"We are honoured to be recognised with this prestigious award from Frost & Sullivan," said Company Founder, Professor Silviu Itescu.

"We will continue to optimise and progress our innovative technology in order to produce novel therapies for major cardiac, vascular, eye and orthopaedic indications with unmet clinical needs," he added.

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