StemCells Awarded $20M From the California Institute for Regenerative Medicine (STEM, SIGM)
** StemCells Inc. (Nasdaq:STEM) reported that the California Institute for Regenerative Medicine (CIRM) has approved an award to STEM for up to $20 million under CIRM's Disease Team Therapy Development Award program (RFA 10-05).
Online PR News – 06-September-2012 –STEM, StemCells Inc.
STEM reported that the California Institute for Regenerative Medicine (CIRM) has approved an award to STEM 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 STEM's proprietary HuCNS-SC(R) 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 STEM under RFA 10-05 for up to $20 million to fund preclinical development of HuCNS-SC cells in cervical spinal cord injury. STEM is engaged in the research, development, and commercialization of cell-based therapeutics and tools for use in stem cell-based research and drug discovery. More about STEM at www.stemcellsinc.com.
SIGM, Sigma Designs, Inc.
SIGM was downgraded from Buy to Hold by Brokerage Firm BWS Financial SIGM is a leading provider of system-on-chip (SoC) solutions used to deliver entertainment and control throughout the home: Media processing, Smart TV, Video encoding, Home AV networking, Video processing, Home control. More about SIGM at www.sigmadesigns.com
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