Crystal Research Associates, LLC Issues Executive Informational Overview(R) (EIO(R)) on Neuralstem, Inc.
April 06 2009 - 8:00AM
PR Newswire (US)
NEW YORK, April 6 /PRNewswire/ -- Crystal Research Associates, LLC
announced today that it has issued an Executive Informational
Overview(R) (EIO(R)) on Neuralstem, Inc. (NYSE Amex: CUR). The full
56-page report can be found at http://www.crystalra.com/.
Neuralstem, Inc. ("Neuralstem" or "the Company") is a
biotherapeutics company using a patented process to grow neural
stem cells to treat central nervous system (CNS) diseases. The
neurodegenerative conditions that the Company targets are incurable
and are usually associated with severe side effects, such as muscle
atrophy, partial or complete paralysis, or death. Neuralstem's
proprietary Human Neural Stem Cell technology isolates stem cells
from CNS tissue of the developing human brain and spinal cord and
expands these cells in the laboratory for up to 60 doublings. By
amplifying the natural ability of fetal stem cells to self-renew
for long time periods, the Company creates billions of cells from
each original stem cell--enabling commercial quantities from a sole
donated tissue. To Neuralstem's knowledge, its technology was the
first to accomplish both commercial quantities and controlled
differentiation of neural stem cells into mature, physiologically
relevant neurons and glia. The initial product candidate of this
therapeutic platform is a spinal cord cell line. When implanted
into animal models, the cells have extended the lives of rats with
amyotrophic lateral sclerosis (ALS or Lou Gehrig's disease) and
reversed paralysis in ischemic spastic paraplegia models. In
December 2008, Neuralstem filed an Investigational New Drug (IND)
application for a Phase I trial of its spinal cord cells in
patients with ALS, which affects roughly 30,000 people in the U.S.
In February 2009, the Company received the FDA's response, which
Neuralstem is now addressing. In a Phase I trial, the Company aims
to study the safety and feasibility of injecting its cells directly
into the spinal cords of ALS patients, where the healthy, fully
functional cells are expected to replace or repair damaged and
missing nerve cells. About Crystal Research Associates, LLC Crystal
Research Associates, LLC is an independent research firm that
provides institutional-quality, fee-based research to small and
mid-cap companies. Crystal Research Associates' unique and novel
product, the Executive Informational Overview(R) (EIO(R)), is free
of investment ratings, target prices, and forward-looking financial
models. The EIO(R) presents a crystal clear, detailed report on a
company (public or private) in a manner that is easily understood
by the Wall Street financial community. The EIO(R) details a
company's product/technology/service offerings, market size(s), key
intellectual property, leadership, growth strategy, competition,
risks, financial statements, key events, and other such fundamental
information. Crystal Research Associates has offices in New York
City, Delray Beach, Montreal, and Toronto. Crystal Research
Associates has been compensated by the Company in cash of
thirty-eight thousand, five hundred dollars and fifty thousand
Warrants/Options for its services in creating this report, for
updates, and for printing costs. Forward-Looking Safe Harbor
Statement Statements in this news release regarding future
financial and operating results, potential applications of the
Company's technology, opportunities for the Company, and any other
statements about the future expectations, beliefs, goals, plans, or
prospects expressed constitute forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. Any statements that are not statements of historical fact
(including statements containing the words "will," "believes,"
"plans," "anticipates," "expects," "estimates," and similar
expressions) should also be considered to be forward-looking
statements. There are a number of important factors that could
cause actual results or events to differ materially from those
indicated by such forward-looking statements including, limited
operating history, need for future capital, and economic conditions
generally. Additional information on potential factors that could
affect results and other risks and uncertainties are detailed from
time to time in the Company's periodic reports, including forms
filed with the SEC. These statements, and other forward-looking
statements, are not guarantees of future performance and involve
risks and uncertainties. Crystal Research Associates assumes no
obligation to update any of the forward-looking statements in this
release. DATASOURCE: Crystal Research Associates, LLC CONTACT:
Jeffrey J. Kraws, , or Karen B. Goldfarb, , both of Crystal
Research Associates, LLC, P: +1-609-306-2274, F: +1-609-395-9339
Web Site: http://www.crystalra.com/
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