Funny you mention Stem Cell Therapeutics. Yes, I know them and yes I've met them. First, if the stock is a penny stock, you shouldn't be hanging out in that neighborhood at all. Stocks like that are illiquid, pumped and dumped and often hard to get rid off. Be darn careful ok?
Don't worry, I just rode the hype and jumped ship on their stock before their Phase II results. Interestingly some large investor dumped a ton of their stocks a few days before the results were out (after I sold fortunately) and sent their share price plunging. Speculation is rife that some insider must have tipped off the concerned party but as always, there is no proof. How did you meet Stem Cell Therapeutics and what was your impression of their drug and company?
As far as your understanding of organogenesis is concerned, you are correct and wrong. Indeed, we are making organs like skin and cardiomyocytes but we are also creating full organs, e.g. bladders, livers on scaffolds, and even hearts.
But do these cells grown on scaffolds function together as one cohesive organ. i.e. can you take a heart grown on a scaffold and transplant it into a human as yet? I think I've seen the documentary on 60 mins from 2 or 3 years ago. I even remember one Indian research assistant being in that clip. I think they showed a nose, an ear, heart muscles... and some other stuff growing in some kind of mixing vat filled with what I can only guess was stem cell soup. I didn't see a functioning organ however. Either that or I'm thinking of some other clip.
Why did I suggest a year? Its because IPS or induced pluripotent stem cells will revolutionize the field and we are rapidly in the process of moving these from viral based methodologies to patient matched non viral methods of generation.
Don't regular cells have those 4 magic genes introduced into them via a virus to transform them into pluripotent stem cells ? My knowledge here is sketchy.
At any rate, glad to discuss these topics. I plan on setting up a stem cell presence in India and am gauging interest there at the moment. All the best folks.
What will you be doing there if I may ask.
OK I looked up ADRs - American Depository Recepits - ownership of non-US companies which trade in US market. What ADRs are you invested in? I'm guessing Indian biotech companies listed on the NASDAQ. I'd like to get in on this sector earlier rather than later so in your professional opinion, about a year or two from now - what kind of companies should I be looking at ? I won't be putting much in, just a little. Please suggest a few names to keep on my radar.