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Athersys (ATHX) Receives FDA Okay Under a SPA for Phase 3 Study of MultiStem

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Maxim Reaffirms Athersys (ATHX) at 'Buy'; FDA's MultiStem Message Consistent with Global Regulators

September 28, 2016 8:16 AM EDT

Maxim affirms Athersys, Inc. (Nasdaq: ATHX) at Buy with a price target of $10 after the company announced that it has received agreement from the U.S. Food and Drug Administration (FDA) under a Special Protocol Assessment (SPA) for the design and planned analysis of a Phase 3 clinical trial of Athersys novel MultiStem cell therapy product for the treatment of ischemic stroke.

The firm noted on... More