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QTDP Grant of $977,917, StemCells (STEM)

STEM has been awarded cash grants by the US totaling $977,917 for projects related to the development of cell-based therapeutics targeting the central nervous system (NYSE:CNS) and the liver. 

  • All 4 project applications submitted by StemCells were approved, and expects to receive payment for the entire grant amounts during  Q4/10.

These grants were certified under the Qualifying Therapeutic Discovery Project (QTDP) program, which was created as part of the Patient Protection and Affordable Care Act of 2010.