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Athersys (ATHX) Unit Receives Grant from Innovate UK for MultiStem Phase 2a

January 22, 2015 7:15 AM EST

Athersys Limited (an affiliate of Athersys, Inc.) (Nasdaq: ATHX) and the Cell Therapy Catapult, a not-for-profit centre, which is focused on the development of the United Kingdom cell therapy industry to increase the nation's health and wealth, are pleased to announce that Athersys Limited has been awarded a grant from Innovate UK, formerly the Technology Strategy Board, which will support a Phase 2a clinical study evaluating the administration of MultiStem® cell therapy to acute respiratory distress syndrome (ARDS) patients.

The grant is expected to provide up to approximately £2.0 million in... More