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StemCells (STEM) Receives $100K Grant from CIRM

September 1, 2011 9:50 AM EDT
StemCells, Inc. (Nasdaq: STEM), reports the California Institute of Regenerative Medicine (CIRM) has approved the Company's application for a "Disease Team Therapy Development Planning Award."

The grant, totaling approximately $100,000, will help fund the Company's plans to develop its proprietary human neural stem cell product, HuCNS-SCĀ® cells, in Alzheimer's disease by enabling the Company and its collaborators at the University of California, Irvine, to prepare and submit an application for a "Disease Team Therapy Development Research Award."


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