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 26, 2015
Monday’s RegMed rhythms: sector turns putting some flesh on its bones
January 23, 2015
Friday’s RegMed rhythms: sector fades more than it blooms
January 22, 2015
Thursday’s RegMed rhythms: door knob investors keep one foot out the exit
January 22, 2015
Athersys (ATHX) receives grant from U.K’s non-profit Cell Therapy Catapult for P2a clinical study in Severe Acute Respiratory Condition (ARDS)
January 21, 2015
Wednesday’s RegMed rhythms: hesitant and shifting
January 21, 2015
Soft open expected; RegMed’s at bat and swinging at curve balls
January 20, 2015
RegMed’s evolving market tendencies
January 20, 2015
Tuesday’s RegMed rhythms: sluggish and subdued
January 16, 2015
Friday’s RegMed rhythms: Do we have buy signals, sell signals or both?
January 15, 2015
RegMed – Turn out the lights and pull the covers over your head
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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