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Thread: StemCells, Inc. Provides Additional Comments On Recent Awards From The California

  1. #1

    StemCells, Inc. Provides Additional Comments On Recent Awards From The California

    sounds good for us.


    Press Releases
    StemCells, Inc. Provides Additional Comments On Recent Awards From The California Institute For Regenerative Medicine
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    By GlobeNewswire 09/10/12 - 09:00 AM EDT
    Stock quotes in this article: STEM


    NEWARK, Calif., Sept. 10, 2012 (GLOBE NEWSWIRE) -- StemCells, Inc. (Nasdaq:STEM) today announced that Martin McGlynn, President and CEO, provided additional comments about the approval of two funding awards by the California Institute for Regenerative Medicine (CIRM).


    In a letter to shareholders posted on the Company's website, Mr. McGlynn said:

    "On Wednesday, September 5, the CIRM's governing board (the "ICOC") doubled down on its support of the groundbreaking translational research being conducted by StemCells, Inc. and its collaborators. It did this by voting to provide up to $20 million to help fund IND-enabling activities for the Company's HuCNS-SC ® cells (purified human neural stem cells) in Alzheimer's disease. The goal of this CIRM-funded project will be to file an IND within four years and to position the Company to start clinical testing of its HuCNS-SC cells in Alzheimer's upon FDA approval. This award, which was made under CIRM's Disease Team Therapy Development Awards program (RFA 10-05), is in addition to the funding previously approved by the ICOC in July to help fund IND-enabling activities by the Company for the testing of HuCNS-SC cells in cervical spinal cord injury, with the goal of that project also being an IND within four years.

    read....

    http://www.thestreet.com/story/11692...-medicine.html

  2. #2
    well dee everyone will back a winner, should the outcomes of the study reveal more positive results people will be pushing one another out the way to invest. Putting the cell safety aspect aside that one tiny credible proven step extra in efficacy will surely do the trick.

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