US Stem Cell Inc (USRM)

[Dubb10]

The one I'm in is conducting several therapy trials with stem cells. They are going through the proper process in order to gain approval of their therapy. As is the case with another publicly traded company I was watching earlier in the summer. There could be more, but I haven't actively watched them all. Going through clinical trials to gain approval of medical treatment is the law. FDA wants to observe studies closely in a clinically controlled environment to obtain data on both safety and efficacy. The reasons for this go back decades ago.

I believe someone on this board cited the issues with MYOCELL over the years. I think people were labeling him a basher, but he was citing serious issues that FDA is concerned with.

FDA issues warning letters to both private and public companies. Those warning letter are published on the website as public record since there is potential for public harm.