Neuralstem loss widens

Rockville-based stem cell biotechnology company, Neuralstem, who is poised to start its first ALS clinical trials, reported a wider net loss for its third quarter of $5.1 million, compared to a net loss of $3.2 million a year ago. The company has no revenue. In September, Neuralstem received US Food and Drug Administration approval to begin a Phase I trial for its ALS treatment, and expects to begin those trials in the first quarter of 2010. Neuralstem reports, however, that available funding is sufficient for the ALS clinical trials.

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