Athersys, Inc, a biotechnology company, focuses on the research and development in the field of regenerative medicine.
Its clinical development programs are focused on treating neurological conditions, cardiovascular diseases, inflammatory and immune disorders, and pulmonary and other conditions.
ATHX's lead platform product includes MultiStem cell therapy, an allogeneic stem cell product, which has completed Phase 2 study for treating patients suffering from moderate and severe ischemic stroke; that is in Phase 2 clinical study for treating patients with acute myocardial infarction; and, which is in Phase 1/2 clinical study for treating patients with acute respiratory distress syndrome, as well as completed Phase 1 clinical study for patients suffering from leukemia or various other blood-borne cancers. It also develops MultiStem cell therapy to promote tissue repair and healing for animal patients; and 5HT2c agonists for the treatment of obesity and other conditions.
Athersys has license and collaboration agreements with Healios K.K. and Chugai Pharmaceuticals Co., Ltd. to develop and commercialize MultiStem cell therapy for ischemic stroke; RTI Surgical, Inc. to develop and commercialize biologic implants for orthopedic applications in the bone graft substitutes market; University of Minnesota to develop MultiStem cell therapy platform; and Bristol-Myers Squibb to provide cell lines expressing well validated drug targets for compound screening and development.
Athersys, Inc. was founded in 1995 and is headquartered in Cleveland, Ohio.
January 8, 2016
Athersys (ATHX) and Helios K.K. (Tokyo Stock Exchange: 4593) Partner for treatment of Stroke using MultiStem® Therapy – STRONG BUY
January 7, 2016
RegMed’s close: volatility is frightening
January 5, 2016
RegMed’s close: up, down and down again, a rally and momentum was short-lived
December 30, 2015
RegMed’s close: with little volume, it's easy to move the sector either way
December 28, 2015
RegMed’s close: lower as traders cull any upside
December 28, 2015
Lower open expected, four trading days left in the year
December 22, 2015
RegMed’s close: pressured to the downside
December 21, 2015
Higher open expected. RegMed’s pre-open, oversold conditions give way to short-term momentum
December 18, 2015
RegMed’s close: volume was up and volatility was relatively moderate
December 8, 2015
RegMed’s close: rebound and volatility is not a huge surprise
35 companies, 1 interpreter!
Insight, foresight and recommendation
Athersys (ATHX) – Started 1/18 at $1.81, dropping on 2/1 to $1.76 and was trading at $1.44 on 2/16 ... after initiating a follow-on equity facility to a current facility. Under the new agreement, ATHX has the right to sell up to $100 million of its common stock to Aspire Capital under certain conditions over a three-year period. In conjunction with the new facility, Aspire made an initial investment of $1 million at a price of $2.00 per share. As of 12/31/17t, ATHX had approximately $29.3 million of cash and cash equivalents available to fund operations. DON’T look for follow through appreciation as the stock based debt facility will be selling shares into ANY strength …
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Editor and Publisher ... Henry McCusker enters his tenth (10th) year at RegMed Investors