Obama Rocks Up Stem Cell Stocks (ASTM, CYTX, GERN, NBS, OSIR, STEM, KOOL)
There are major gap-ups this morning in stem cell stocks after Friday evening’s news that President Obama is signing an executive order which will lift the Bush ban on funding of embryonic stem cell funding. This is supposed to be signed today, although what is interesting here is that this is not really new news other than the timing and the formality. Many of these stem cell stocks will trade more on a “vote of confidence” rather than over what this means as far as “new news” is concerned.
The following prices are as of 8:19 AM EST.
Aastrom Biosciences, Inc. (NASDAQ: ASTM) +87% at $0.62
Cytori Therapeutics, Inc. (NASDAQ: CYTX) +38% at $3.20
Geron Corporation (NASDAQ: GERN) +29% at $4.99
Neostem, Inc. (AMEX: NBS)
Osiris Therapeutics, Inc. (NASDAQ: OSIR) NOT TRADED…. in pact with Genzyme, but for adult stem cells.
StemCells Inc. (NASDAQ: STEM) +55% at $2.15
Thermogenesis Corp. (NASDAQ: KOOL) +41% at $0.57
JON C. OGG
