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Thread: StemCells, Inc. Awarded $20 Million From the CIRM

  1. #1

    Exclamation StemCells, Inc. Awarded $20 Million From the CIRM

    Aileen Anderson and Martin McGlynn CEO of Stem Cells, Inc. will be speaking at the Working 2 Walk Symposium 2012. Make your plans to attend HERE. They will be available to answer questions and explain the work happening at Stem Cells Inc.
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    The award is to fund preclinical development of StemCells’ proprietary HuCNS-SC® product candidate (purified human neural stem cells) as a potential treatment for cervical spinal cord injury. The award will provide funding over a maximum four-year period, with the goal of filing an investigational new drug (IND) application to begin clinical testing in that time. Continued... http://spinalcordresearchandadvocacy...tive-medicine/
    Last edited by GRAMMY; 07-29-2012 at 11:59 PM.

  2. #2
    How much goes to research and how much to the Stem Cells Inc balance sheet? That would be interesting to know.

  3. #3
    Quote Originally Posted by Fly_Pelican_Fly View Post
    How much goes to research and how much to the Stem Cells Inc balance sheet? That would be interesting to know.
    The award will provide funding over a maximum four-year period, with the goal of filing an investigational new drug (IND) application to begin clinical testing in that time.
    $20 million with the goal of an IND? Hasn't the CIRM ever heard of a milestone payment? This is just a socialization of StemCells Inc.'s losses.

  4. #4
    Quote Originally Posted by KofQ View Post
    $20 million with the goal of an IND? Hasn't the CIRM ever heard of a milestone payment? This is just a socialization of StemCells Inc.'s losses.

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