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.
September 11, 2017
RegMed Investors’ (RMi) closing bell; volume is spasmodic while momentum is fickle and evasive
September 11, 2017
RegMed Investors’ (RMi) pre-open indications; there’s no escape
September 8, 2017
RegMed Investors’ (RMi) closing bell; the sector opened up and by 2:30 pm was neutral closing positive
September 8, 2017
RegMed Investors’ (RMi) pre-open indications; long or gone over this weekend
September 7, 2017
RegMed Investors’ (RMi) closing bell; the daily ride on the sector seesaw
September 6, 2017
RegMed Investors’ (RMi) closing bell; this week, Verastem’s (VSTM) results driven upside causes a sector weakness thread
September 5, 2017
RegMed Investors’ (RMi) closing bell; another bubble has burst
September 5, 2017
RegMed Investors’ (RMi) pre-open indications, some high premiums since 8/17/17
September 1, 2017
RegMed Investors’ (RMi) closing bell; cell and gene therapy equities are slow movers or down
August 30, 2017
RegMed Investors’ (RMi) closing bell; Novartis (NVS) moves today’s sector
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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