HepaLife Technologies, Inc. (OTCBB: HPLF) (FWB: HL1) (WKN: 500625), developing its cell-based bioartificial liver system, HepaMate™, as a potentially lifesaving treatment for liver failure patients, announced today that it plans for a new pivotal Phase III clinical trial in the United States.

The HepaMate™ technology has previously been tested in clinical Phase I and pivotal Phase II/III studies involving more than 200 patients. Over 50 scientific papers and book chapters have been published on the technology.

A retrospective statistical analysis of the previous pivotal Phase II/III clinical trial data, adjusted for the impact of liver transplantation on patient survival, revealed a statistically significant survival advantage for patients with fulminant and subfulminant hepatic failure when treated with HepaMate™ compared to controls receiving standard medical care alone. The inclusion of a subset of 24 patients who had undergone a prior, failed liver transplant negatively impacted the trial's outcome. Such patients are known to have poor survival rates. Therefore, the previous Phase II/III trial was unable to achieve its primary 30-day survival endpoint in the overall study population.

Based on the retrospective statistical analysis of the clinical trial data, HepaLife expects a new Phase III clinical trial without the inclusion of failed liver transplant patients to be successful.

"I treated 15 acute-liver failure patients with the technology in the previous pivotal clinical trial", says University of California, San Francisco Liver Transplant Physician Philip Rosenthal, MD. "My experience was very good. The patients responded well to the bioartificial liver support therapy; some seriously ill patients even recovered without the need for a liver transplant. The HepaMate system has generated strong and favorable clinical data in acute liver failure patients. I am looking forward to seeing this much needed therapy utilized in the routine clinical setting helping patients with otherwise very limited treatment options."

The retrospective statistical analysis of the HepaMate™ treatment demonstrated a reduction of the risk of pre-transplant death by 47% in fulminant hepatic failure patients (n=121; p As an extracorporeal cell-based bioartificial liver system, HepaMate™ is designed to combine blood detoxification with liver cell therapy to provide whole liver function in patients with the most severe forms of liver failure. Liver cells detoxify existing toxins, produce albumin and other liver-specific proteins. A patented liver cell cryopreservation process provides for safe and easy storing and distribution, a significant logistic and commercial advantage. During therapy, the patient's plasma is separated from whole blood, exposed to the HepaMate™ bioartificial liver and returned to the patient. HepaMate™ is comprised of a blood plasma separation cartridge, a hollow-fiber bioreactor filled with proprietary porcine liver cells, a charcoal column, an oxygenator, circuit tubing and a plasma reservoir. These components are assembled into a patented blood/plasma circulation system, which is placed on the HepaDrive™ perfusion platform.

There are currently no cell-based liver support systems commercially available or in Phase III clinical trials in the US or Europe. HepaLife's patented technology provides for first-mover advantage for an unmet clinical need, and includes fast-track and orphan drug status in the USA. The proprietary cryopreserved pig hepatocyte technology provides a significant logistic advantage. The frozen cells can be stored for years, shipped and handled easily. In contrast fresh cells from cell lines or from liver tissue have a limited life time with decreasing viability and functionality. Thawing, loading and washing of cryopreserved cells is performed at the patient's bedside using a proprietary, FDA-approved technique. Only 90 minutes are required to assemble the system, prime the blood and plasma circuits and to process the liver cells.

In October 2008, HepaLife announced completion of its acquisition of a liver support technology previously knows as HepatAssist.

About Hepalife Technologies, Inc.

Based in Boston, Massachusetts, HepaLife™ Technologies Inc., is developing its cell-based bioartificial liver system, HepaMate™, as a potentially lifesaving treatment for liver failure patients. (OTCBB: HPLF) (FWB: HL1) (WKN: 500625).

Any statements contained in this press release regarding our ongoing research and development and the results attained by us to-date have not been evaluated by the Food and Drug Administration.

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