PennyTrader.com Presents Today’s Midday Stock Report: KBLB, CMXI, PSTI
Equities are adding to their gains through the early part of the session. The S&P 500 is up 0.5%.
Financials, industrials, and technology stocks are some of the top performers so far. Financials are up 0.7% while industrials and technology are both higher by 0.5%.
The euro has rallied off session lows at 1.2345 against the dollar. The single currency has gained 50 pips and is now near 1.2395.
KBLB – Trade Alert
Up 39.71% in morning trading to $.0475 with 650K shares traded
Kraig Biocraft Laboratories, Inc. is a fully reporting biotechnology company that has achieved a series of scientific breakthroughs in its work with spider silk gene sequences, with implications for the global textile industry. Kraig Biocraft Laboratories, Inc. (KBLB.PK) announced that Kim Thompson, the Company’s CEO and founder, posted an open letter to shareholders on the Company’s website. The main topics covered by the letter include commercialization and laboratory updates.
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CMXI – News Alert
Up 25.40% in morning trading to $1.58 with 250K shares traded
Cytomedix, Inc. is a fully integrated regenerative medicine company commercializing and developing innovative platelet and adult stem cell separation products that enhance the body’s natural healing processes. The Company’s advanced autologous technologies offer clinicians a new treatment paradigm for wound and tissue repair. The Company’s patient-derived PRP systems are marketed by Cytomedix in the U.S. and distributed internationally. Their commercial products include the AutoloGel™ System, cleared by the FDA for wound care and the Angel® Whole Blood Separation System. The Company is developing novel regenerative therapies using their proprietary ALDH Bright Cell (”ALDHbr”) technology to isolate a unique, biologically active population of a patient’s own stem cells. A Phase 2 trial evaluating the use of ALDHbr for the treatment of ischemic stroke is underway. Cytomedix, Inc. (CMXI) today announced that the Centers for Medicare & Medicaid Services (”CMS”) has issued a final National Coverage Determination (”NCD”) for autologous blood-derived products for chronic non-healing wounds.
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PSTI – News Alert
Up 19.03% in morning trading to $3.94 with 3M shares traded
Pluristem Therapeutics Inc. is a leading developer of placenta-based cell therapies. The Company’s patented PLX (PLacental eXpanded) cells are a drug delivery platform that releases a cocktail of therapeutic proteins in response to a host of local and systemic inflammatory and ischemic diseases. PLX cells are grown using the company’s proprietary 3D micro-environmental technology and are an “off-the-shelf” product that requires no tissue matching prior to administration. Pluristem is focusing on the use of PLX cells administered locally to treat systemic diseases and potentially obviating the need to use the intravenous route. Pluristem Therapeutics Inc. (PSTI) (TASE:PLTR) announced today that the life of a patient suffering from bone marrow failure in which there was a dangerous reduction in the number of red blood cells, white blood cells, and platelets (pancytopenia) has been saved using Placental eXpanded (PLX) cells. This is the second time in the past three months that a patient suffering from bone marrow failure was successfully treated in a compassionate use treatment with PLX cells with a return of bone marrow function.
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