Lineage Cell Therapeutics Inc (LCTX)

[terry hallinan]

BioTime Awarded Grant From the NIH

BioTime...today announced that it has been awarded a grant of up to $1.56 million from the Small Business Innovation Research program of the National Institutes...vision restoration program for more advanced retinal diseases and injuries, which severely impact the quality of life for millions of people with no treatment option. This initiative aims at improving vision...whether ether caused by retinal injuries, age-related macular degeneration, retinitis pigmentosa or other causes....

https://finance.yahoo.com/news/biotime-awarded-grant-nih-110000791.html

BTX might want to spend the money fast before the U.S. Treasury runs out of bandwidth.

I really like this grant.

Last I heard BTX was way ahead of the curve in testing a treatment for dry AMD but this looks way beyond even BTX's most promising program.

The "beauty" treatments are much further advanced and seemingly little threatened by the routine biotech trainwrecks but IMHO curing blindness might even make BTX visible to the hordes of contrarian elephant herders on Wall Street, who are all the time falling off cliffs alongside their charges.

JMO.

Best, Terry