Advanced Cell Technology and Geron Turn to Asia Amidst Heightened US Scrutiny
The Bedford Report Provides Equity Research on Advanced Cell Technology and Geron
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 08/24/11 -- While stem cell financing remains controversial in the United States, North American stem cell research firms have found success forming International partnerships to help boost funding. The Bedford Report examines the outlook for companies in the Biotechnology Industry and provides investment research on Advanced Cell Technology, Inc. (OTCBB: ACTC) and Geron Corporation (NASDAQ: GERN). Access to the full company reports can be found at:
According to Bernard Siegel, founder and full-time executive director of the nonprofit Genetics Policy Institute, US stem cell firms are looking to Asia more for partnerships. According to Siegel there are two fundamental reasons: One is the attractiveness of Asian countries as markets for stem cell treatments. That reflects both high population concentrations as well as willingness by national governments to invest in stem cell research as well as companies commercializing such treatments and encourage additional research by outside parties. The other is Asia's lower regulatory hurdles when compared to the US.
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Advanced Cell Technology is a biotechnology company applying cellular technology in the field of regenerative medicine. Last year ACTC and CHA Biotech, a leading Korean-based biotechnology company focused on the development of stem cell technologies, announced the formation of a new international joint venture. The new company -- Allied Cell Technology -- will develop human blood cells and other clinical therapies based on ACTC's proprietary hemangioblast cell technology.
Presently, Geron is running clinical trials using embryonic stem cells. Geron is running Phase I trials to see if the cells can restore nerve function in patients who have suffered severe spinal-cord injuries. Three years ago the company granted an exclusive global license to Asia Biotech Corporation for the development of non-prescription dietary food supplements, nutraceuticals and cosmetics containing Geron's small molecule telomerase activating compounds.
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Datum: 24.08.2011 - 12:16 Uhr
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