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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, are continuing to rally in trading today.

At last check, ACTC shares were trading 20.89% higher at $0.0816 on above average volume of 8.08 million. The stock has now gained more than 26% in the last three trading sessions.

Advanced Cell shares are gaining after the company this week secured approval to proceed with increased retinal pigment epithelial (RPE) dosage for patients in clinical trial for dry age-related macular degeneration (dry AMD).

ACTC received the authorization from the independent Data and Safety Monitoring Board (DSMB). The DSMB comprises of medical experts, who are closely monitoring ACTC’s three ongoing trials.

Advanced Cell Technology Chairman and CEO Gary Rabin said that the DSMB authorization to move to the higher dosage represents a significant milestone for ACTC’s clinical programs.

 

 

 

July 11th, 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.