InvestorsHub Logo

EZ2

Followers 213
Posts 219135
Boards Moderated 2
Alias Born 03/31/2001

EZ2

Re: rayrohn post# 49553

Wednesday, 03/27/2013 8:59:04 AM

Wednesday, March 27, 2013 8:59:04 AM

Post# of 54427
Just had to laugh, Ray!! wink


Aastrom Biosciences to Resume at 915 ET - to Focus on Ixmyelocel-T, Stop Phase 3 REVIVE Trial, Cut Jobs

03/27 08:52 AM

--------------------------------------------------------------------------------

08:52 AM EDT, 03/27/2013 (MidnightTrader) -- Aastrom Biosciences (ASTM:$1.15,00$-0.03,00-2.54%) trading is halted and set to resume at 915 ET. The company says it is shifting its strategy in research and development to focus on the clinical development of its lead product, ixmyelocel-T, to treat dilated cardiomyopathy.

As a result, it will stop enrollment and end the Phase 3 REVIVE clinical trial in patients with critical limb ischemia (CLI). In addition, the company is executing a corporate restructuring that will reduce staff and operating expenses by approximately 50%.

Price: 1.15, Change: 0, Percent Change: 0

http://www.midnighttrader.com


I don't know the key to success, but the key to failure is trying to
please everybody.
--Bill Cosby

Join InvestorsHub

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.