How To Change Line Of Code Using Regular Expression

I'm trying to convert a line using a regular expression. The re I am using is this:
<div><span>·<span>[s*]</span></span>([^<]*)</div>
I'm using the expression in the replace function like this:
html = html.replace( /<div><span>·<span>[s*]</span></span>([^<]*)</div>/gi,'<li>$1</li>') ;
The line of code I am changing is like this:
<div><span>·<span> </span></span>Illness - where a pupil is too ill to leave the house</div>
E.g. it should strip out the code and leave <li>Illness - where a pupil is too ill to leave the house</li>. It works fine here [URL] but when used with the replace command it does not? (I'm trying to convert bullet points from word).