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Ischemic Spastic Paraplegia trial anticipated

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  • Ischemic Spastic Paraplegia trial anticipated

    Neuralstem raises $5.135 million to help fund first human trial
    Washington Business Journal - 12:16 PM EDT Tuesday, March 20, 2007by
    Neil AdlerStaff Reporter
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    Neuralstem hopes to begin its first human clinical trial on a stem cell product sometime this year and has raised more than $5 million to help fund the trial.

    The Rockville-based biotechnology company, whose focus is treatments
    based on the transplantation of human neural stem cells, raised about $5.14 million in a private placement of more than 2 million units at $2.50 per unit to a group of institutional investors.

    Each unit consists of one share of common stock and one half-warrant
    exercisable at $3 per share. Bedminster, N.J.-based T.R. Winston and Co. acted as the placement agent for the offering. .............

    Link : http://washington.bizjournals.com/wa...8&surround=etf
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