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Stem Cell Shares Pop On Government Action (GERN, PSTI, STEM, CYTX, STEM, OPXA)
by Jason Smith | September 9th | Filed in: Stock Sector News
Tickerspy’s Stem Cell IndexSTEM CELL INVESTING IDEAS
STEM CELL COVERAGEThese companies have significant exposure to developing medical treatments using stem cells
STEM CELL CHART STEM CELL METRICS
Recent legal disputes have put the stem cell sector in focus after District Judge Royce Lamberth hit the brakes on an executive order from the Obama administration, which had initially opened the door to federally funded research on human embryonic stem cells. This morning, the U.S. Court of Appeals paused Lamberth’s ruling after the Justice Department said that “Disruption of ongoing research will result in irreparable setbacks, and in many cases, may destroy a project altogether.” As a whole, the Stem Cell Stocks Index is up by 2% on the day with select components gaining 5% or more. Geron (GERN) and Pluristem Therapeutic (PSTI) StemCells (STEM) are both up by more than 8% in the rally, followed by Cytori Therapeutics, Inc. (CYTX), StemCells (STEM), and Opexa Therapeutics (OPXA) with more than 3% gains. Some industry executives have called for more permanent legislation that would protect the sector against funding bans. Geron CEO Tom Okarma told Bloomberg, Lamberth’s ruling “is a clear mandate for the administration to finish what they started with the Obama Executive order,” back in August. It will be interesting to see how further policy action plays out. Investors can track the Stem Cell Stocks Index for performance trends and a suite of other metrics at tickerspy.com.
More on this topic
(What's this?)
Court Decision Puts Pressure on Some Stem Cell Stocks
(Wall St. Cheat Sheet, 8/24/10)
Pluristem Pops on Cell Therapy Data (PSTI)
(Benzinga, 9/14/10)
Pluristem Pops…Again (PSTI)
(Benzinga, 9/17/10)
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September 9th, 2010 at 1:19 pm
To stop the important research now will put what will be the future cures for many needed illness’s
September 9th, 2010 at 5:39 pm
Good luck to this whole industry, we have to be careful, future of humanity is here
September 9th, 2010 at 7:28 pm
The greatest tragedy toward humanity and its recovery from tragic illnesses would be any interference with stem cell research –Surely there will be a way to continue research–a blessing for those who are ill and waiting for the best treatment==Lois Leeth
September 10th, 2010 at 5:25 pm
This is why Judges should be turned over just like our Presidents- also House and Senate every 4 years. There would be less problems on important issues.