US Stem Cell Inc (USRM)

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MONEY STATEMENT RIGHT HERE ::

The FDA's move "closes a giant loophole," as the Los Angeles Times' Michael Hiltzik puts it. The law says that if a clinic takes biological material from a person—say by liposuctioning a bit of fat—and then injects that material back into the same person, without changing the material significantly, then the clinic isn't subject to certain rules. The idea is that someone's own tissue is unlikely to pose a danger to herself, so there's less need for strict regulation. In new documents, the FDA specifies which procedures it will continue not to regulate, and which ones it will crack down on.

https://psmag.com/news/food-and-drug-administration-closes-a-loophole-in-stem-cell-clinic-regulations