Saturday, November 10, 2012

Stem cell therapy: bad news only

From here:
Did a developer of stem cell treatments mislead investors by boasting of success with a patient and use the good news to sell stock while failing to later disclose the patient died? This is the allegation facing Pluristem Therapeutics, which insists it did not know of the death prior to a September stock sale. A second patient died, but no details surrounding the death are known.
Ethics? It is not relevant in this Business. And another very important issue: so far I cannot find any real background for accepting stem cell treatment as a worthwhile approach. It looks like the entire stem cell concept is used for creating a new bubble for Big Pharma.

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