“I look forward to working closely with our board of directors, executive team, and all of our employees and partners to achieve our corporate objectives,” said Mr. Myles. “Our core programs, the ongoing Phase I clinical trials for dry-Age Related Macular Degeneration (AMD) and Stargardt’s Macular Degeneration (SMD), continue to progress according to plan and we expect to release interim, top line data from the trials in the very near future.”
Advanced Cell Technology is sponsoring three clinical trials, all nearing the end of Phase I. Two of the trials are for use of the Company’s hESC-derived retinal pigment epithelial (RPE) cells for the treatment of SMD, one in the United Kingdom and one in the United States. The third clinical trial is for use of the Company’s hESC-derived RPE cells for the treatment of dry-AMD in the United States. The Company expects to initiate Phase II clinical trials in the second half of 2014. In December 2013, the Company announced the appointment of Dr. Eddy Anglade to the newly created position of Executive Vice President of Clinical Development. Dr. Anglade will guide the Company’s clinical and regulatory strategy and will bolster its capabilities as the Company prepares to transition to Phase II development.