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Stock impact report

Lineage Cell (LCTX) Launches Its Latest Cell Therapy Program [Yahoo! Finance]

Lineage Cell Therapeutics, Inc. (LCTX) 
Company Research Source: Yahoo! Finance
On March 24, Lineage Cell Therapeutics Inc. (NYSE:LCTX) announced the launch of COR1, a new preclinical cell therapy program targeting corneal endothelial disease. The company is leveraging its proprietary AlloSCOPE platform to develop scalable off-the-shelf cell therapies aimed at addressing the global shortage of donor corneal cells. Management highlighted the program as a natural extension of its platform and a step toward expanding its presence in ophthalmology while supporting long-term growth. Commenting on the update, CEO Brian Culley stated: “We have elected to advance the COR1 program into preclinical testing and we also believe the recent accomplishments reported with our AlloSCOPE “5D” manufacturing process could be applied to this program to further reduce production costs through large-scale production.” Billion Photos/Shutterstock.com Earlier on March 6, Lineage Cell Therapeutics Inc. (NYSE:LCTX) reported fourth quarter revenue of $6.6 million compared to $2.9 mil Show less Read more
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