Squander every opportunity afforded to it since Obama became president. Why is this important other than being the ONLY company in the world with a fda approved trial for embryonic stem cells? At the very bottom of the stock market crash in March of 2009 obama legalized federal funding for embryonic stem cell research. This was the first time in u.s history. Allow that to sink in....the first time ever. Now how much federal funded money has actc managed to raise? Zero,,none...zilch. The supposed world leader in embryonic stem cell therapies has not received a dime from the govt despite deing in an fda study.
One must ask why? Simple for all the negative reasons listed at length here before. The company has managed to fail with not just the wind at their backs, but the sails at full mast . Look at the bio tech industry as a whole, never in history have the stocks performed so well, yet actc flounders. Why? Because not only federal money avoids actc so does private and corporate money. Steve Wynn just gifted 25 million dollars to a university in Idaho for stem cell research. Now I am fully aware the tax benefits of such a donation, but Wynn is a capitalist first and if he thought he could make a dime with actc he would have invested something.
glad to see this post still resonates with so many..it is so sad because the company has had so much going against it, much of which was created by those who supposedly had the shareholders best interest at heart. and never before have the wheels been greased so to say...Bush was a nightmare for embryonic stem cell research and obama (who I personally don't endorse) has been bare none THE SINGLE BEST THING TO EVER HAPPEN TO EMBRYONIC STEM CELL SCIENCE. OBAMA IS THROWING MILLIONS AT THE SCIENCE AND ACTC IS RUN BY THE "EINSTIEN" OF THIS SCIENCE AND THEY CANT GET A NICKEL?? some have said we had a chance to get money from CIRM and we rejected it because the terms were to tough...HORSESHOT!!!! the terms rabin got us from LINCOLN are CRIMINAL. Im sure the boys at Lincoln will help pay rabins legal fees when he is indicted...he did give them a printing press
Why don't you SQUANDER your opportunity and sell you PAID BASHER!!! If you are so dissatisfied with ACTC then this should be your last POST any other posts just proves my premise "PAID BASHER"!!!
Over 1.4 billion dollars granted to stem cell companies in 2012..some embryonic some not..and millions and millions each year since 2002...Can look it up at the Governments ..National Institutes for Health stem cell funding..actc hasn't received any..my guess is because of its history..look it up..
Many stem cell companies and bios have received funding..just not this golden goose...the fact that actc has a fraudulent history and therefore cant get a fed grant or money doesn't bode well for this company..
Ed - where do you get the idea that the Feds have a largess for funding public companies? Of course they do but it's actually quite rare. How could they fund ACT to the exclusion of other naccent stem cell companies? When they do, Federal money has plenty of strings attached - and with the history of ACT at that time I doubt they'd have gotten a penny. Again, plenty of things to be critical of with this company, but that's not one of them.
In what way? The federal government is not in the business of infusing capital into poorly run, developmental stage bio tech companies. There are plenty of start-ups that could make just as strong a case for money as ACT. Plenty of capital in this country to fund development and federal money isn't free anyway - at least for corporations. The original post has a premise that ACT has squandered opportunities for federal money - I'd like some proof of that. They looked at the California program and didn't like the terms.