Sep 11, 2006 8:36 PM

Stem Cell Biz Raises $13 Million

Questions surrounding Advanced Cell Technology's claim that they found an ethical method for obtaining embryonic stem cells hurt their share price. But they still managed to raise $13 million through two financing deals. The unsurprising spin from LifeNews: The biotech firm that misled the world about a supposedly ethical method of obtaining embryonic stem cells […]

The unsurprising spin from LifeNews:

The biotech firm that misled the world about a supposedly ethical method of obtaining embryonic stem cells has made millions from its announcement. California-based Advanced Cell Technology announced Friday it has closed two financial deals generating approximately $13 million in cash.

Despite such accusations, the company's scientists maintain that their August 23 paper in Nature shows it's possible to derive stem cells from a single cell removed from an embryo without damaging it.

Topicsstem cells Bodyhack

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