ARTC, ArthroCare Corporation
ARTC is a highly innovative, multi-business medical device company that develops, manufactures, and markets minimally invasive surgical products.
With these products, ARTC targets a multi-billion dollar market across several medical specialties, significantly improving existing surgical procedures and enabling new, minimally invasive procedures.
** ARTC reported that it has received clearance from the U.S. Food and Drug Administration (FDA) for its SpeedFix Suture Anchor system (SpeedFix™). SpeedFix, a push-in anchor made of PEEK (polyether-etherketone) polymer, is designed for the repair of certain tears of the labrum in a shoulder.
SpeedFix anchors, which are double-loaded with ARTC’s high-strength MagnumWire® suture, provide surgeons with independent bone locking, suture tensioning and suture locking to ensure tissues are securely attached to the glenoid.
SpeedFix is expected to complement ARTC’s broad line of suture anchors and ARTC’s suture passing technology, including FirstPass™.
More about ARTC at www.arthrocare.com
STEM, StemCells, Inc.
STEM is engaged in the research, development, and commercialization of stem cell therapeutics and tools for use in stem cell-based research and drug discovery.
In its therapeutic product development programs, STEM is targeting diseases of the central nervous system and liver.
** STEM has been awarded cash grants by the U.S. government totaling $977,917 for projects related to the Company's development of cell-based therapeutics targeting the central nervous system (NYSE:CNS) and the liver.
The funds will be used to advance the preclinical and clinical development of STEM's HuCNS-SC(NYSE:R) product candidate (purified human neural stem cells) for diseases and disorders affecting the brain, the spinal cord and the eye, as well as the further development of STEM's hLEC(NYSE:TM) human liver engrafting cells.
All four project applications submitted by STEM were approved, and STEM expects to receive payment for the entire grant amounts during the fourth quarter of 2010.
More about STEM at www.stemcellsinc.com.
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