StemCells raises cash, brings spinal cord injury study to US
This article was originally published in Scrip
Executive Summary
StemCells Inc has $16.2m in new capital and plans to start two or three controlled Phase II clinical trials next year, but first the Newark, California-based company must finish two Phase I/II clinical trials evaluating its HuCNS-SC human neural stem cells and stay ahead of a stem cell therapy for spinal cord injuries that may return to the clinic in 2014.
You may also be interested in...
StemCells Inc. To Wind Down Operations After Phase II Failure
StemCells Inc. plunged 81.2% to $0.57 per share on May 31 after the company revealed little chance of success for a Phase II spinal cord injury study, which has been terminated, and said that it may not be able to return any cash to shareholders after StemCells winds down its operations this year.
Finance Watch: Canaan, Regeneron Reveal New Funds For Start-Ups
Private Company Edition: Regeneron launched a $500m venture fund and Canaan added $100m, bringing the venture firm’s recent total to $1bn-plus. Also, incubators plan to grow over the next decade and in recent financings Avenzo raised $150m and Nvelop launched with $100m.
Sage’s Dalzanemdor Prospects In Doubt After First Mid-Stage Readout
Dalzanemdor (SAGE-718) showed no difference from placebo in a Phase II Parkinson’s disease study, raising concerns about readouts later this year in Huntington’s and Alzheimer’s diseases.