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StemCells Inc. Message Board

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  • pfein2012 pfein2012 Sep 6, 2012 9:11 AM Flag

    Wow, the news about the Alzheimer's grant just hit the wire

    here it is,

    StemCells (STEM) Gets $20M Award from CIRM for HuCNS-SC Development as Alzheimer's Treatment

    StemCells, Inc. (Nasdaq: STEM) announced that the California Institute for Regenerative Medicine (CIRM) has approved an award to the Company for up to $20 million under CIRM's Disease Team Therapy Development Award program (RFA 10-05). The award is to fund preclinical development of StemCells' proprietary HuCNS-SC product candidate (purified human neural stem cells) in Alzheimer's disease over a maximum four-year period, with the goal of filing an investigational new drug (IND) application for a clinical trial in that time. In July, CIRM approved a separate award to the Company under RFA 10-05 for up to $20 million to fund preclinical development of HuCNS-SC cells in cervical spinal cord injury.

    Sentiment: Strong Buy

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