ATHX Athersys Inc

EDISON EQUITY RESEARCH: ATHERSYS - AN IMPORTANT PERIOD

Athersys is approaching an important period in the clinical development of MultiStem, its allogeneic stem cell therapy product. Enrolment in a Phase II study for ischaemic stroke is expected to complete within a couple of months and with a 90-day efficacy endpoint, headline results should be available in Q115. Positive data could re-rate the stock and ease concerns over the failed Phase II trial in ulcerative colitis earlier this year. Also in Q414 a Phase II study in acute myocardial infarction is due to start, and regulatory approval for a pivotal Phase II/III trial in GvHD could be secured.

Athersys is a US biotech company developing MultiStem (allogeneic, bone marrow-derived stem cells). A Phase II trial with MultiStem in ischaemic stroke is ongoing (data in Q115) and further studies in AMI (Phase II) and GvHD (Phase II/III) are planned.

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