Stem Cell Stocks Rise, Led By Athersys Inc. (ATHX, NBS, STEM)

247wallst — Mon, 21 Dec 2009 19:33:10 +0000

Stem cell stocks (tracked in Tickerspy’s Stem Cell Stock’s Index (*RXSTM) are up over 7% today, led by Athersys Inc (NASDAQ: ATHX). Athersys Inc. rose as high as 395% this morning following news that the company has entered into a deal with Pfizer (NYSE: PFE) to develop Athersys’s MultiStem, an experimental treatment for inflammatory bowel disease. Athersys recieved an intial payment of $6 million in addition to funding for research. Should the program be successful Athersys will recieved as much as $105 million as well as royalties from sales of the drug should it come to mark.

Other stem cell stocks received a big boost from the news. Neostem Inc. (AMEX: NBS), which operates a operates a center for the collection and storage of stem cell, rose as high as 7.6%. StemCells Inc. (NASDAQ: STEM), which attempts to treat organ disorders with stem cells, climbed as high as 7.2%

Garrett W. McIntyre

Posted in Biotech, Pharmaceuticals Tagged: ASTM, ATHX, CUR, CYTX, GERN, KOOL, NBS, OPXA, OSIR, PFE, PSTI, STEM, stem cells

Stem Cell Stocks Take Off (ASTM, GERN, OPXA, STEM)

247wallst — Wed, 02 Dec 2009 20:35:44 +0000

Tickerspy’s Stem Cell Stock Index (*RSXTM) took off today, rising nearly 13%. The movement followed a release from the National Institutes of Health (NIH) announcing that 13 embryonic stem cell lines were approved for funding.

Opexa Therapeutics Inc (NASDAQ: OPXA) led the rise in stem cell stocks, surging over 40%. The company seeks to develop treatments to major illnesses, such as multiple sclerosis and diabetes, through stem cell research. The company’s stock has risen 2837% off its lows for the year.

StemCells Inc (NASDAQ: STEM) rose over 30% to a high of $1.45. The company engages in research aimed at developing treatment for organ damage using stem cells. The company’s stock is up over 1544% off its low for the year.

Garrett W. McIntyre

Posted in Biotech Tagged: ASTM, CUR, CYTX, GERN, KOOL, OPXA, OSIR, PSTI, STEM, stem cells

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Stem Cell Stocks Rise, Led By Athersys Inc. (ATHX, NBS, STEM)

Stem Cell Stocks Take Off (ASTM, GERN, OPXA, STEM)