BRIEF: International Stem Cell shares jump 19 percent

Posted on: Sat, 18 Dec 2010 21:53:44 EST

 

Symbols: ISCO

OCEANSIDE, Dec 18, 2010 (North County Times - McClatchy-Tribune Information Services via COMTEX) --

Shares of International Stem Cell Corp. rose 19 percent Friday, closing at $2.29 each, after the biotech company expanded sales of its skin care products.

On Thursday, the company said the products are now being sold to subscribers of the investment newsletter of John Mauldin, founder of Millennium Wave Investments. The products were earlier offered to investors and others associated with International Stem Cell.

The biotech company's skin care products, which it says rejuvenates the skin, are made with extracts from its stem cells. These cells are produced from "parthenogenetic," or unfertilized human egg cells. International Stem Cell says the cells act like human embryonic stem cells, although they are not made from embryos. The cells are being researched as disease therapies.

On Monday, the company announced a deal to get up to $25 million in equity financing over the next three years from Aspire Capital Fund LLC. As part of the deal, Aspire purchased 333,333 shares of ISCO stock for $1.50 per share, 7 percent more than the closing price on the previous Friday of $1.40 per share.

To see more of the North County Times or to subscribe to the newspaper, go to

http://www.nctimes.com. Copyright (c) 2010, North County Times, Escondido,

Calif. Distributed by McClatchy-Tribune Information Services. For more

information about the content services offered by McClatchy-Tribune Information

Services (MCT), visit www.mctinfoservices.com.

For full details on (ISCO) ISCO. (ISCO) has Short Term PowerRatings at TradingMarkets. Details on (ISCO) Short Term PowerRatings is available at This Link.