Huge f news, first time US government backs up stem cell and LOOK what it is for. INCREDIBLE
7:31AM Cytori Therapeutics awarded contract valued up to $106 mln by Biomedical Advanced Research and Development Authority to develop cell therapies for thermal burns combined with radiation injury (CYTX) 3.86 : Co been awarded a contract that may be valued up to $106 mln by the U.S. Department of Health and Human Service's Biomedical Advanced Research and Development Authority (BARDA), if all Contract Options are executed. The Contract is for preclinical and clinical development of the Company's cell therapy for the treatment of thermal burns combined with radiation injury. The aim is to evaluate and create a new countermeasure for thermal burns which would be useful following a mass-casualty event. Under the terms of the contract, successful achievement of specified milestones will allow BARDA to review and, at its discretion, consider the execution of Options and qualify Cytori to receive up to ~$101 mln in additional funding, if completely executed, to bring the technology through the FDA approval process for thermal burns under a device-based PMA regulatory pathway.
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