Octobot didn't find this one since cephs aren't mentioned, but this is definitely of interest:

'Test-tube coral babies' may mend reefs (http://news.yahoo.com/s/ap/20060816/ap_on_sc/coral_babies_1)

I really hope it works, but with the warming seas and the increased acidification, it might be a lost cause. Still, it's certainly worth trying.