DALLAS, Jan. 4, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Advanced Cell Technology Inc. (OTCBB:ACTC). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
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Advanced Cell Technology Inc. (ACTC) is a biotechnology company focused on the development of cellular therapies for the treatment of rare and common diseases that impact millions of people worldwide. It applies stem cell-based technologies and other proprietary methods in the area of regenerative medicine to bring patient-specific therapies from the lab to the bedside. The Company is in the final stages of moving toward the initiation of phase I clinical trials for its Retinal Pigment Epithelial (RPE) program, which addresses a number of retinal degenerative disorders.
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In the report, the analyst notes:
"ACTC announced that it was cleared by the U.S. Food and Drug Administration (FDA) to test a therapy made from embryonic stem cells in patients with macular degeneration, a leading cause of blindness. The Company is now allowed to initiate a phase I/II multicenter clinical trial to treat patients with the so-called dry form of macular degeneration.
"ACTC Thursday closed above its 13-day moving average. This is generally considered to be an indication of a bullish trend."
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