ReNeuron down despite positive data release
In its second announcement of the year, ReNeuron, the Surrey based stem cell developer, has announced new data on the stability of the company's CTX stem cell line.
In its second announcement of the year, ReNeuron, the Surrey based stem cell developer, has announced new data on the stability of the company's CTX stem cell line.
Researchers from University College London are due to tell a conference in San Diego that the results show "CTX cells retained their morphology and growth characteristics when exposed to the ... stresses that could be experienced during large-scale manufacture".
Dr. John Sinden, Chief Scientific Officer of ReNeuron, commented:
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
"These new research results demonstrate the robust nature of ReNeuron's CTX cell line when subjected to manufacturing scale-up stresses and thus the potential of this cell line to form the basis of a cell-based therapeutic product for wide-scale clinical application."
The CTX cell line is currently in phase 1 clinical development as a therapy for patients disabled by strokes.
ReNeuron shares have dropped 18% in the past 12 months, but are up on the week after the company announced positive study data on January 3rd for its ReN001 stem cell therapy for disabled stroke patients.
Despite the positive announcement today, the shares eased back a tenth of a penny to 5.35p in the morning session.
bs
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
Childcare costs drop 56% - but not for everyone
Childcare costs for under-threes have halved following the introduction of free childcare support last year - but some people still face higher costs
By Ruth Jackson-Kirby Published
-
Could Labour introduce a 2% wealth tax?
As the chancellor puts the final touches to next week’s Spring Statement, there are growing calls for a 2% wealth tax to be introduced. Campaigners say it would tackle economic inequality and raise billions of pounds in revenue
By Ruth Emery Published