SOURCE: The Bedford Report

The Bedford Report

August 05, 2011 08:16 ET

MultiCell Technology and Aastrom Biosciences Aim to Shatter Stem Cell Myths

The Bedford Report Provides Equity Research on MultiCell Technologies and Aastrom Biosciences

NEW YORK, NY--(Marketwire - Aug 5, 2011) - With Americans spending in excess of $300 billion annually on drugs which typically only treat disease symptoms, regenerative therapies are garnering increased support. Scientists argue that stem cells are the future of healthcare, and that regenerative medicine is one of the most misunderstood fields in biotechnology. The Bedford Report examines the outlook for companies in the Biotechnology Industry and provides investment research on MultiCell Technology, Inc. (OTCBB: MCET) and Aastrom Biosciences, Inc. (NASDAQ: ASTM). Access to the full company reports can be found at:

Embryonic stems cell research suffers on-again, off-again bans on US federal funding. Since Obama took office, funding has been less sporadic. Earlier this spring a US appeals court ruled that the Obama administration can continue using federal tax dollars to fund human embryonic stem cell research.

Headlines regarding the funding (or lack thereof) for embryonic stem cell research have a habit of moving all stem cell related stocks, even those not involved in the controversial sector. Very few publicly traded companies are actually engaged in embryonic stem cell research.

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Earlier this year MultiCell Technologies was granted a patent relating to the isolation and use of human liver stem cells to treat liver disease. The patent describes methods to isolate and use human liver stem cells to treat degenerative liver diseases, or inherited deficiencies of liver function. According to MCET, "The role of liver stem cells in the carcinogenic process has led researchers to hypothesize that primary liver cancer arises by maturation arrest of liver stem cells."

Aastrom Biosciences uses stem cells derived from adults. Aastrom is developing a personalized stem cell therapy for the treatment of critical limb ischemia (CLI). Patients with chronic CLI have obstructed arteries and reduced blood flow in the arms and legs, which can lead to open wounds and amputation in the most severe cases.

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