Stem Cell Therapeutics Corp.

Stem Cell Therapeutics Corp.

November 20, 2009 08:30 ET

Stem Cell Therapeutics Corp. Announces Positive Review by Data Safety and Monitoring Board for the Phase IIb Stroke Trial

Independent Committee approves progress of Phase IIb clinical stroke trial

CALGARY, ALBERTA--(Marketwire - Nov. 20, 2009) - Stem Cell Therapeutics Corp. ("SCT" or the "Company") (TSX VENTURE:SSS) announced today it has been advised by the Data Safety Monitoring Board ("DSMB") that a regularly scheduled safety analysis has been completed and the DSMB has recommended the Phase IIb stroke trial to continue as per the protocol.

The DSMB is a group of independent clinical experts that review the ongoing conduct of a clinical trial to ensure continuing patient safety. The mandate of SCT's DSMB is to provide objective, independent monitoring of patient safety during the Phase IIb stroke trial. This review was the first of three formal meetings scheduled that will occur over the duration of the Phase IIb stroke trial.

Dr. Alan Moore, President and CEO, commented as follows:

"We are very pleased to receive a positive safety review of the Phase IIb stroke trial. Review results and enrollment updates will be announced after each DSMB meeting as progress continues for the Phase IIb trial. We are also happy to report that 32 patients are currently enrolled in our Phase IIb stroke study. At this time, we estimate that Phase IIb patient enrollment will be complete by the end of Q1 2010 or early in Q2 2010. This will be followed by a 90-day period for completion of patient assessments so we expect top-line data to be available by the end of Q2 2010 or early in Q3 2010."

About Stem Cell Therapeutics Corp.: Stem Cell Therapeutics Corp. is a public biotechnology company (TSX VENTURE:SSS) focused on the development and commercialization of drug-based therapies to treat central nervous system diseases. SCT is a leader in the development of therapies that utilize drugs to stimulate a patient's own resident stem cells. The Company's programs aim to repair brain and nerve function lost due to disease or injury. The Company's extensive patent portfolio of owned and licensed intellectual property supports the potential expansion into future clinical programs in numerous neurological diseases such as traumatic brain injury, multiple sclerosis, Huntington's disease, Alzheimer's disease, and ALS.

For further information on Stem Cell Therapeutics Corp., visit

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Except for historical information, this press release may contain forward-looking statements, which reflect the Company's current expectation regarding future events. These forward-looking statements involve risk and uncertainties, which may cause but are not limited to, changing market conditions, the successful and timely completion of clinical studies, the establishment of corporate alliances, the impact of competitive products and pricing, new product development, uncertainties related to the regulatory approval process and other risks detailed from time to time in the Company's ongoing quarterly and annual reporting.

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