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 21, 2020
RegMed Investors’ (RMi) closing bell: they came for the upsiders, put a black bag over their heads and dragged them out
April 21, 2020
RegMed Investors’ (RMi) pre-open: don’t chase Friday’s and Monday’s upside bounces
April 20, 2020
RegMed Investors’ (RMi) closing bell: sector closed positive as indexes dived
April 17, 2020
RegMed Investors’ (RMi) closing bell: sector stocks stumbled 3 times this week, then wrestled to win with a sentiment comeback
April 17, 2020
RegMed Investors’ (RMi) pre-open: news of a possible antiviral drug and a 3-phase country reopening roadmap spurs a market response
April 16, 2020
RegMed Investors’ (RMi) closing bell: volatility is a given with the current economic destruction
April 16, 2020
RegMed Investors’ (RMi) pre-open: there are less winners and more losers in share pricing
April 15, 2020
RegMed Investors’ (RMi) closing bell: As I had stated, yesterday’s rally will give way to renewed selling pressure
April 15, 2020
RegMed Investors’ (RMi) pre-open: what’s easing, certainly not economic indicators
April 14, 2020
RegMed Investors’ (RMi) closing bell: the velocity and strength of pricing needle moves dramatically due to capricious optimism
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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