Advanced Cell Technology, Inc. (OTCBB: ACTC)
Advanced Cell Technology, Inc. is a biotechnology company. Millions of people globally depend on ACTC’s development of cellular therapies for the treatment of diseases and conditions. To bring patient-specific therapies from the laboratory to the patient, ACTC applies stem cell-based technologies (both adult and human embryonic) and other proprietary methods in the field of regenerative medicine.
Advanced Cell Technology, one of the heaviest traded penny stocks of 2012, will be presenting at the EBD Group Biotech Showcase™ 2012 in San Francisco, California, on Tuesday, January 10 at 2:00pm. The Biotech Showcase™ gives an opportunity for public, as well as private, life science companies to present to an audience of investors and business development executives at the industry’s largest annual healthcare investor conference. Now in its fourth year, the Biotech Showcase 2012 is projected to attract upwards of 1,500 attendees.
Therapeutic Platforms
Documented in the Nature and Cell Stem Cell journals, called the “single-cell blastomere” technique, ACTC developed and holds in its repertoire the first-ever, proven alternative method for successful hESC generation without harm to the embryo on which it holds broad intellectual property (IP) protection. Based on ground breaking stem cell technology, ACTC has three cellular product platforms:
- Commercializing its human embryonic stem cell (hESC)-based Retinal Pigment Epithelial (RPE) therapy for degenerative retinal disease for which it recently initiated two Phase 1/2 clinical trials
- Developing its human embryonic stem cell (hESC)-based Hemangioblast (HG) platform for the treatment of blood and cardiovascular diseases. ACTC is developing this program in partnership with CHA Biotech of Korea
- Advancing its Phase 2-approved Myoblast autologous adult stem cell therapy for the treatment of chronic heart-failure, advanced cardiac disease, myocardial infarction, and ischemia
Based in Marlborough, MA, Advanced Cell Technology’s stock is traded under the symbol ACTC on the Over-The-Counter Bulletin Board (OTCBB) Stock Exchange and has 22 listed full time employees.
Website: http://www.advancedcell.com
Youtube Feature from Bloomberg TV January, 2011: Click Here To View
Company Snapshot:
Trading Symbol: | OTCBB: ACTC |
Last Price: | $0.1399 |
Avg Vol (3 month): | 8,076,960 |
Avg Vol (10 day): | 11,461,900 |
Market Cap: | 235.96M |
EBITDA (ttm)6: | -17.44M |
Total Cash (mrq): | $13.90M |
Shares Outstanding: | 1.69 billion shares |
Float: | 1.55 Billion shares |
Top Institutional Holder: | 125,000 shares ZWJ Investment Counsel (as of 9/30/2011) |
Contact Information: | 33 Locke Drive Marlborough, MA 01752 USA |
Investor/Analyst inquiries: | James Young 212-732-4300 jyoung@ceocast.com |
Analyst Recommendations: | (current month) |
Strong Buy | 0 |
Buy | 0 |
Hold | 0 |
Underperform | 0 |
Sell | 0 |
Recently ACTC entered into settlement agreements with 40 shareholders of certain warrants and debentures. According to the agreements, ACTC, in exchange for a mutual two-way release of any current and/or future claims, will issue approximately 240.5 million new shares to this group of holders. ACTC also filed a preliminary proxy to increase the authorized shares of the company in order to meet the terms of the settlement agreements.
With patents, agreements, and potential joint ventures, ACTC is in the infant stages of positioning their worldwide network. Other unfunded stem cell therapies for chronic heart failure, advanced cardiac disease, and cardiovascular disease are waiting in the wings. The key component for ACTC to “boom” is the macular degeneration trials. If ACTC is successful in these trials as they have suggested, ACTC will fulfill an unmet medical need in a market worth over $30 billion in the U.S.
Add the rest of the world and take these possible new cash flows and apply them to the unfunded studies above and you have the makings of a colossal company.
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