Stem Inc (STEM)

[trader32]

MAXIM STILL CALLING FOR 900% UPSIDE AT STEMCELLS AFTER LATEST PHASE II DATAFont size: A | A | A
11:42 AM ET 4/19/16 | S&P Capital IQ
Dr. Stephen Huhn, CMO of StemCells Inc (NASDAQ: STEM) provided additional details regarding the ongoing Phase II Pathway Study in chronic cervical spinal cord injuries at the annual meeting of the American Spinal Injury Association on April 15. Maxim's Jason Kolbert maintained a Buy rating on the company, with a price target of $3. Cohort I Results Kolbert mentioned that the presentation by Dr. Huhn "included a top line update for the six patients enrolled in open label Cohort I from the Pathway Study." The analyst went on to say that the six-month results from the Cohort I trial revealed improvement in muscle strength in five of the six patients, with improved performance on functional tasks being demonstrated by four of these five patients. "In addition, four of the six patients had improvement in the level of cord injury," Kolbert stated. StemCells expects to announced details of the final 12 month results for Cohort I later during the quarter. The Positives If the company's HuCNS-SC cells work "even moderately," Kolbert believes that it could prove to be a "blockbuster", given that the market is large, with significant upside possible for StemCells. Acquire Media