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.
March 14, 2019
RegMed Investors’ (RMi) closing bell: sector slips as the IBB (-0.27%) and NASDAQ (-0.16%) wobble
February 20, 2019
RegMed Investors’ (RMi) closing bell: risk is acerbated by a down turning sector
February 13, 2019
RegMed Investors’ (RMi) closing bell: resistance
February 12, 2019
RegMed Investors’ (RMi) closing bell: tailwinds keep the sector up
February 11, 2019
RegMed Investors’ (RMi) closing bell: investing in the sector is an opportunity and a risk
February 8, 2019
RegMed Investors’ (RMi) closing bell: volume stays down
February 7, 2019
RegMed Investors’ (RMi) closing bell: blood drips from the cracks in the sector
February 6, 2019
RegMed Investors’ (RMi) closing bell: the downside landing has more to being overbought or even oversold – sentiment is unstable!
February 4, 2019
RegMed Investors’ (RMi) closing bell: low volume sets today’s “journey”
February 1, 2019
RegMed Investors’ (RMi) closing bell: First trading day of new month
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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