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.
April 22, 2021
RegMed Investors’ (RMi) closing bell: a volatile market session with the cell and gene therapy sector maintaining altitude
April 21, 2021
RegMed Investors’ (RMi) closing bell: the come-backs, a far-cry from yesterday’s sector advance/decline (A/D) line
April 20, 2021
RegMed Investors’ (RMi) closing bell: another sell-off and downer for the sector
April 19, 2021
RegMed Investors’ (RMi) closing bell: cell and gene therapy sector suffers from arrested development
April 15, 2021
RegMed Investors’ (RMi) closing bell: sector climbs again
April 14, 2021
RegMed Investors’ (RMi) closing bell: “the sure way of gambling is getting something for nothing” after a Tuesday bounce
April 13, 2021
RegMed Investors’ (RMi) closing bell: the gain and the pain with a spike, a flame -up and a shake-off after JNJ vaccine halted
April 12, 2021
RegMed Investors’ (RMi) closing bell: it was scary, staring at the cell and gene therapy sector abyss
April 12, 2021
RegMed Investors’ (RMi) pre-open: caution is in the air as the trend indicator beguiles
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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