StemCells, Inc. Announces Webcast to Discuss First Quarter 2013 Financial
Results and Business Update
NEWARK, Calif., May 7, 2013 (GLOBE NEWSWIRE) -- StemCells, Inc. (Nasdaq:STEM),
a leading stem cell company developing and commercializing novel cell-based
therapeutics and tools for use in stem cell-based research and drug discovery,
announced today that it will release financial results for the first quarter
ended March 31, 2013 after the market close on Thursday, May 9. In connection
with this announcement, StemCells will host a conference call and webcast to
discuss its results and an update on its business at 1:30 p.m. Pacific Time
(4:30 p.m. Eastern Time) the same day.
Interested parties are invited to listen to the call over the Internet by
accessing the Investors section of the Company's website at
www.stemcellsinc.com.Webcast participants should allot extra time before the
webcast begins to register and, if necessary, download and install audio
Event: Q1 2013 Financial Results Conference Call / Webcast
Date: Thursday, May 9, 2013
Time: 1:30 PM PT (4:30 PM ET)
An archived version of the webcast will also be available for replay on the
Company's website beginning approximately two hours following the conclusion
of the live call and continuing for a period of 30 days.
About StemCells, Inc.
StemCells, Inc. is engaged in the research, development, and commercialization
of cell-based therapeutics and tools for use in stem cell-based research and
drug discovery. The Company's lead therapeutic product candidate, HuCNS-SC®
cells (purified human neural stem cells), is currently in development as a
potential treatment for a broad range of central nervous system disorders. In
a PhaseI clinical trial in Pelizaeus-Merzbacher disease (PMD), a fatal
myelination disorder in children, the Company has shown preliminary evidence
of progressive and durable donor-derived myelination in all four patients
transplanted with HuCNS-SC cells.The Company is conducting a Phase I/II
clinical trial in chronic spinal cord injury in Switzerland and recently
reported positive interim data for the first patient cohort.The Company is
also conducting a Phase I/II clinical trial in dry age-related macular
degeneration (AMD), and is pursuing preclinical studies in Alzheimer's
disease. StemCells also markets stem cell research products, including media
and reagents, under the SC Proven® brand.Further information about StemCells
is available at http://www.stemcellsinc.com.
Apart from statements of historical fact, the text of this press release
constitutes forward-looking statements within the meaning of the U.S.
securities laws, and is subject to the safe harbors created therein.These
forward-looking statements speak only as of the date of this news release. The
Company does not undertake to update any of these forward-looking statements
to reflect events or circumstances that occur after the date hereof. Such
statements reflect management's current views and are based on certain
assumptions that may or may not ultimately prove valid. The Company's actual
results may vary materially from those contemplated in such forward-looking
statements due to risks and uncertainties to which the Company is subject,
including those described under the heading "Risk Factors" in the Company's
Annual Report on Form 10-K for the year ended December 31, 2012 and in its
subsequent reports on Forms 10-Q and 8-K.
CONTACT: Rodney Young
Chief Financial Officer
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