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California Stem Cell, Inc. (CSC)
recently announced that the company has
secured Series A financing from private investors. The company further announced
that the proceeds from the financing will be used to expand its laboratory and
manufacturing facilities here, allowing mass production of FDA compliant cells
and pre-clinical development of treatments for cardiac and central nervous
system disorders.
CSC has intellectual property surrounding techniques for producing
scalable volumes of several human cell types, including cardiac, neuronal and
motor neurons, at high purity in its Irvine facility.
“CSC has begun deriving high purity, clinical grade human cell
populations from human embryonic stem cells,” said Dr. Chris Airriess, Chief
Operating Officer of CSC. “The funding will enable CSC to continue the
expansion of its GMP manufacturing capabilities and proceed toward the
development of our lead therapeutic candidates.”
CSC is currently in the pre-clinical development stage of stem cell based
therapies for spinal muscular atrophy (SMA), amyotrophic lateral sclerosis (ALS,
or Lou Gehrig’s Disease), spinal cord injury (SCI) and coronary heart disease.
“This milestone is a major step toward an eventual stem cell therapy
for people suffering from motor neuron loss due to disease or injury”
according to Dr. Hans Keirstead, chairman of the CSC Scientific Advisory Board.
“Our initial research shows that transplanted motor neurons can survive and
integrate into the central nervous system. The ability to produce specific cells
in FDA compliant fashion, in clinically relevant numbers is a major step toward
finding a breakthrough in treating ALS, SMA and SCI, plus many other
debilitating diseases.”
Dr Keirstead will speak about the use of high purity human cell
populations in research and therapy at the Stem Cell Partnering Series
conference in La Jolla, Calif. this morning.
California Stem Cell, Inc. is a privately held company focused on the
manufacturing of high-purity human cells for therapeutic development and
clinical application. Since its founding in Irvine, Calif., in 2005, CSC has
developed proprietary methods for scalable production of human motor neurons,
neuronal progenitors, cardiac muscle and sino-atrial node cells.
For more information, please visit www.californiastemcell.com
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