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Stemcells Rises 6% in Early Trade on Progress With Test Treatment for Eye Disorder

Stemcells Rises 6% in Early Trade on Progress With Test Treatment for Eye Disorder

Stemcells Inc. (STEM) rose in early trading after announcing progress in a study of stem-cell treatment for vision disorders. The biotech company said it transplanted its purified human neural stem cells, named HuCNS-SC, into five patients as part of a test treatment for age-related macular degeneration. The trial is intended to evaluate the safety and effectiveness of HuCNS-SC cells in treating patients with impaired vision. The patients received a dose of 1 million stem cells injected into the eye. Stemcells rose 6% in pre-market trading to $1.41 a share. It reached a two-year low of $1.15 during regular trading on April 15.

Stemcells Rises 6% in Early Trade on Progress With Test Treatment for Eye Disorder

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