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Micro-Cap on the Move; Advanced Cell Technology Inc. (ACTC)

By Warren Paige

Shares of Advanced Cell Technology Inc. (OTC: ACTC), a biotechnology company engaged in the development and commercialization of human embryonic and adult stem cell technology in the fast growing field of regenerative medicine, are gaining in trading today.

At last check, ACTC shares were trading 4.71% higher at $0.0890 on volume of 4.62 million. The stock gained 6.1% in the last three trading sessions.

Last week, Advanced Cell Technology announced treatment of the fourth patient, the first in the second patient group, in the U.S. clinical trial for Stargardt’s Macular Dystrophy (SMD). The surgery, performed at Wills Eye Institute in Philadelphia, was done by a surgical team led by Carl D. Regillo, MD, FACS, Director of the Wills Eye Clinical Retina Research Unit.

Gary Rabin, Chairman and CEO of Advanced Cell Technology, said last week that it is very gratifying to have second cohort, higher-dosage patient treatment underway in ACTC’s U.S. clinical trial for SMD.

 

July 16th, 2012 | Tags: | Category: Hot MicroCaps

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.