InvestorsHub Logo
Followers 2
Posts 96
Boards Moderated 0
Alias Born 10/16/2010

Re: None

Thursday, 09/13/2012 2:59:48 PM

Thursday, September 13, 2012 2:59:48 PM

Post# of 97239
CYTK... this just came across on the wire CYTK is mentioned at the end.

Sept 13 (Reuters) - Neuralstem Inc said its stem-cell therapy significantly improved movement in rats with broken spines, increasing the likelihood of the technology being used to treat people with spinal cord injuries.
The company's shares rose 95 percent to a year-high of $1.95 in afternoon trading on the American Stock Exchange. They later pared some gains to trade at $1.40.
Results from an independent study, which used Neuralstem's cells, were published on the website of scientific journal CELL. (http://r.reuters.com/qeq62t)
The company said the tested rodents regained movement in all their lower extremity joints as the stem cells helped connect the broken points of the spinal cord.
"The fact that these cells induce regeneration of axons (nerve fibers) and partial recovery of motor function makes them relevant for testing for the treatment of human spinal cord injury," the company's chief scientific officer, Karl Johe, said in a statement.
The company said it has applied with U.S. health regulators for approval to test these cells in its own spinal cord injury study.
The company recently completed an 18-patient study to test the same cells, codenamed NSI-566, to treat Lou Gehrig's disease, or ALS, a condition where nerve cells of the brain and spinal cord die, hampering the body's ability to control muscle movement.
Other companies that are developing treatments for ALS include Biogen Idec Inc , Cytokinetics Inc and BrainStorm Cell Therapeutics .

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.