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Product Licensing

Hemosol completes agreements to license Cascade technology

Published in Blood Weekly, July 1st, 2004

Hemosol Corp. (HMSL) has entered into definitive license and strategic alliance agreements with ProMetic Biosciences, Inc., a subsidiary of ProMetic Life Sciences, Inc., (PLI), to license the Cascade technology developed by ProMetic and its strategic partner, the American National Red Cross, for the separation of valuable therapeutic proteins from human plasma.

Hemosol will integrate the Cascade technology into its state-of-the-art Meadowpine (Blvd.) facility and intends to sell the resulting products to customers, including the American Red Cross.

"With this new business in place and implementation underway, we have achieved an important milestone...

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