This morning, StemCells, Inc. (NASDAQ:STEM) released six-month interim results for the first group of patients in its Phase I/II trial, testing the company’s HuCNS-SC (human neural stem cells) treatment candidate in patients with spinal cord injury – previous coverage available here. Shares are trading up nearly 20% in pre-market, and are likely to maintain momentum on the positive news. The interim data showed that thus far, HuCNS-SC treatment led to considerable gains in sensory function in two of three patients vs. their baseline levels of sensation prior to cell transplantation. The company also noted that the treatment continues to exhibit a favorable safety profile. The trial represents the first time that neural stem cells have been transplanted as a potential therapeutic agent for spinal cord injury, and the sensory gains observed have developed in a progressive pattern below the level of injury. Impressively, gains in sensation are not generally expected in spinal cord injury patients, particularly given the severity of injury seen in patients admitted to the Phase I/II study. According to STEM, sensory function of all patients observed thus far was stable before cell transplantation, therefore, the reappearance of sensation is a very positive sign that the treatment is having a beneficial effect. While the third patient did not experience an increase in sensation, that patient’s level of sensation remains stable. PropThink notes that another small-cap stem cell company, PluriStem Therapeutics (NASDAQ:PSTI) is also moving in pre-market trading, likely in sympathy with the STEM news.
To see this article at PropThink.com, click here.
About PropThink
PropThink is an intelligence service that delivers long and short trading ideas to investors in the healthcare and life sciences sectors. Our focus is on identifying and analyzing technically-complicated companies and equities that are grossly over or under-valued. We offer daily market coverage, weekly feature stories, and a newsletter to investors who subscribe on PropThink.com. To learn more visit us athttp://www.propthink.com.
PropThink: Interim Data In Spinal Cord Injury Driving STEM Higher; PSTI Reacting in Sympathy
(Visited 2 times, 1 visits today)
Tom Jones says
James D. Wilkerson, Jr., P. A. provides specialized representation to victims who have suffered serious injuries or have lost a loved one due to an accident that was caused by someone else’s carelessness. They have been representing accident victims for over twenty five years. Mr. Wilkerson is Board Certified Civil Trial Attorney and for over twenty years has been recognized as possessing the highest rating for skill and ethics by the nationally recognized attorney rating organization Martindale-Hubbell. He is a Life Member of the Million Dollar Advocates Forum which recognizes attorneys have made recoveries for their clients of at least one million dollars. Mr. Wilkerson has also been recognized as one of the Top 100 trial lawyers in Florida by the National Trial Lawyers Association. If a serious injury or wrongful death occurs, he can serve your needs in the following types of cases: vehicle crash attorney, car accident lawyer, boating accident attorney, slip and fall attorney on premises, your attorney because of other dangerous conditions on property, dog bite attorney or nursing home neglect lawyer. His firm’s office is conveniently located in West Palm Beach, Florida and has the experience to provide competent individualized representation. For more information or to schedule a free initial consultation, call (561) 682-9060 or visit http://www.pbcinjuryattorney.com