Company to Present at 2014 Alliance for Regenerative Medicine State of the Industry Briefing
NEWARK, Calif., Jan. 7, 2014 (GLOBE NEWSWIRE) -- StemCells, Inc. (Nasdaq:STEM) announced today that Eliseo Salinas, M.D., Executive Vice President and Head of Research and Development, will provide an update on the StemCells, Inc. development programs and translational work being done with the Company's proprietary HuCNS-SC® human neural stem cells, at the 2014 Alliance for Regenerative Medicine (ARM) State of the Industry Briefing. Dr. Salinas will discuss the Company's plans for completing ongoing safety studies in spinal cord injury and age related macular degeneration (AMD) in the first and second quarters of 2014 respectively, as well as the planned initiation of controlled Phase II efficacy studies in both indications in 2014. The new trials are being designed as definitive Proof of Concept studies with hard clinical outcomes, which should enable the Company to initiate pivotal Phase III studies, assuming that the results are positive. Dr. Salinas is scheduled to speak on January 13th, from 8:00 to 10:00 a.m., at the conference, which is being held at the Parc 55 Wyndham Hotel in San Francisco, CA.
About the Alliance for Regenerative Medicine State of the Industry Briefing
ARM's 4th Annual State of the Industry Briefing is a top-level gathering of key stakeholders including business executives, investors, patient advocates and academic leaders, who will learn about the most recent advances in regenerative medicine and the outlook for the industry in the coming year. Top executives, chief medical officers and principal investigators will cover Phase II and Phase III trials that are expected to yield significant data or be completed in 2014, with a discussion of the expected clinical endpoints. In addition, the program will highlight the most impactful recent financings in the Regenerative Medicine industry including IPOs, reverse mergers and follow-on offerings, through a high-level discussion of what all of this activity means for the sector's progress and fundraising opportunities over the next 12-18 months.
About StemCells, Inc.
StemCells, Inc. is engaged in the research, development, and commercialization of cell-based therapeutics and tools for use in stem cell-based research and drug discovery. The Company's lead therapeutic product candidate, HuCNS-SC® cells (purified human neural stem cells), is currently in development as a potential treatment for a broad range of central nervous system disorders. In a Phase I clinical trial in Pelizaeus-Merzbacher disease (PMD), a fatal myelination disorder in children, the Company has shown preliminary evidence of progressive and durable donor-derived myelination in all four patients transplanted with HuCNS-SC cells. The Company is conducting a Phase I/II clinical trial in chronic spinal cord injury in Switzerland, Canada and the United States, and has reported positive interim data for the first three patients. The Company is also conducting a Phase I/II clinical trial in dry age-related macular degeneration (AMD) in the United States. In addition, the Company is pursuing preclinical studies in Alzheimer's disease, with support from the California Institute for Regenerative Medicine (CIRM). StemCells also markets stem cell research products, including media and reagents, under the SC Proven® brand. Further information about StemCells is available at http://www.stemcellsinc.com.
Apart from statements of historical fact, the text of this press release constitutes forward-looking statements within the meaning of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended, and is subject to the safe harbors created therein. These statements include, but are not limited to, the prospect for screening and then enrolling additional patients with incomplete spinal cord injury; the prospect for evaluating trial patients for changes in their sensation, motor function and bowel/bladder function; the potential of the Company's HuCNS-SC cells to treat spinal cord injury and other central nervous system diseases and disorders; and the future business operations of the Company. These forward-looking statements speak only as of the date of this news release. The Company does not undertake to update any of these forward-looking statements to reflect events or circumstances that occur after the date hereof. Such statements reflect management's current views and are based on certain assumptions that may or may not ultimately prove valid. The Company's actual results may vary materially from those contemplated in such forward-looking statements due to risks and uncertainties to which the Company is subject, including the fact that additional trials will be required to demonstrate the safety and efficacy of the Company's HuCNS-SC cells for the treatment of any disease or disorder; uncertainty as to whether applicable regulatory agencies will permit the Company to continue clinical testing in spinal cord injury or in future clinical trials of proposed therapies for other diseases or conditions; uncertainties regarding the Company's ability to obtain the increased capital resources needed to continue its current and planned research and development operations; uncertainty as to whether HuCNS-SC cells and any products that may be generated in the future in the Company's cell-based programs will prove safe and clinically effective and not cause tumors or other adverse side effects; and other factors that are described under the heading "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2012, and in its subsequent reports on Form 10-Q and Form 8-K.
CONTACT: Greg Schiffman
Chief Financial Officer