Hosting News »

22 January, 2018 – 4:32 am |

Somewhat saturated market for storage solutions in the cloud can be difficult for companies to differentiate their products from competition. Tag CTERA service provider (www.ctera.com) is hoping to change that with the launch of what it calls the industry’s first hybrid solution cloud storage that incorporates a backup server and bare metal . Tag CTERA […]

Read the full story »
Business News
energy
Aparatos
Environment
Science
Home » World News

Shares rise on stem cell study

Submitted by on 10 January, 2018 – 4:32 pm

Shares of Geron Corp. jumped Tuesday after the company said it began a clinical trial of embryonic stem cell treatment for injuries of the spinal cord.

SPARK: On Monday, the company said it received its first patient in phase 1 or early-stage study. The study aims to test the safety and tolerability not only the efficiency.

THE BIG PICTURE: Embryonic stem cells, which are derived from embryos, have the capacity to become any cell type. This study, which was expected, marks the first study approved by the Food and Drug Administration of an embryonic stem cell therapy.

ANALYSIS: Rodman & Renshaw analyst Reni Benjamin reaffirmed a “market outperform” rating and a price target of $ 9 in the population. He said the registration of a patient in the study “represents a landmark transformation of Geron.”

SOCIAL ACTION: up 33 cents, or 5.8 percent, to $ 6 in morning trading Tuesday. The stock has traded between $ 4.37 and $ 7.18 in the last 52 weeks.

Tags: , ,

Leave a comment!

Add your comment below, or trackback from your own site. You can also Comments Feed via RSS.

Be nice. Keep it clean. Stay on topic. No spam.

You can use these tags:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong> 

This is a Gravatar-enabled weblog. To get your own globally-recognized-avatar, please register at Gravatar.