OTC Biotech Stock Alert: Bio-Matrix Scientific Group Inc. (OTC: BMSN) Trends up Technically Following Recent News on IND Application to FDA
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Visit: Bio-Matrix Scientific Group, Inc.
Point Roberts, WA - February 15, 2013 (www.investorideas.com newswire) Investorideas.com staff: Investorideas.com, an investor research portal specializing in sector research for independent investors issues a trading alert for microcap biotech stock, Bio-Matrix Scientific Group Inc. (OTC:BMSN), currently trading at $0.136 on over 21 Million shares. The stock has trended up technically (see 5 day chart below) following news earlier this month of an IND filing application with the FDA.
On February 5 th, Regen BioPharma a wholly-owned subsidiary of Bio-Matrix Scientific Group Inc. (OTC:BMSN), announced filing of an Investigational New Drug (IND) application with the FDA to initiate clinical trials assessing the company's HemaXellerate I™ stem cell drug in patients with drug-refractory aplastic anemia.
HemaXellerate I™ is a patient-specific composition of cells that have previously been demonstrated to repair damaged bone marrow and stimulate production of blood cells based on previous animal studies. The company, together with an internationally-renowned group of stem cell researchers, recently published the scientific basis for the HemaXellerate I™ product which may be found at http://www.translational-medicine.com/content/pdf/1479-5876-10-231.pdf.
5 day chart
About Bio-Matrix Scientific Group Inc. and Regen BioPharma, Inc.:
Bio-Matrix Scientific Group, Inc. (BMSN ) is a biotechnology company developing regenerative medicine therapies. The Company is focused on human therapies that address unmet medical needs. Specifically, Bio-Matrix Scientific Group Inc. is looking to increase the quality of life through therapies involving stem cell treatments. These treatments are focused in areas relating to cardiovascular, hematology, oncology and other indications.
Regen BioPharma, Inc., a subsidiary of Bio-Matrix Scientific Group, Inc. (PINKSHEETS: BMSN), is a biotechnology company focused on identifying undervalued regenerative medicine patents in the stem cell space and rapidly advancing these technologies through pre-clinical and Phase I/ II clinical trials. To follow our development, visit us at www.regenbiopharma.com.
OTC Markets: http://www.otcmarkets.com
More info on BMSN: http://www.otcmarkets.com/stock/BMSN/quote
As always, investors need to be aware of risks of investing in microcap OTC stocks.
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