March 10, 2016 9:46am

 

This program has “lingered” for so long, I am surprised it has raised its “head”!  Jump in the “que” with the comparables who also are advancing this indication – its crowded.

Still very much a positive and a share crowd pleaser however, the costs of advancing this trial will be “burdensome” with their cash position; better to seek a partner.


 

VCEL announced positive top-line results from its P2b ixCELL-DCM clinical trial of Ixmyelocel-T in patients with heart failure due to ischemic dilated cardiomyopathy.

Full data to be presented at American College of Cardiology 65th Annual Scientific Session & Expo on April 4 Statement

 

The Bottom Line: The “experimental” heart drug – don’t they mean “therapy” met the main goal of reducing death, hospitalizations and emergency visits in patients in a mid-stage study. Dilated cardiomyopathy is a progressive heart disease and a leading cause of heart failure.

VCEL should focus on their revenue directed "acquired" programs from Sanofi as the therapeutic trial continuation will drain the cash "pool". In the first 15 minutes of the open. the price is already slipping from the opening (high) range of $4.30.

 

VCEL closed at $2.12 and was UP +$2.06 on 2.796 M share volume following a pre-market indication of $1.92 or +90.57% to $4.04.