Top Stories in Biotech This Morning: Pluristem Therapeutics, Inc, Rigel Pharmaceuticals, Inc. and Sangamo Biosciences, Inc.
By George Budwell | More Articles
March 6, 2014 | Comments (0)
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
Let's take a look at the top stories in biotech and health care this morning -- keep an eye out for Pluristem Therapeutics (NASDAQ: PSTI ) , Rigel Pharmaceuticals (NASDAQ: RIGL ) , and Sangamo Biosciences (NASDAQ: SGMO )
Pluristem heading higher on FDA approval of placental-based cell products manufacturing facility
Pluristem looks to be in for a good day after receiving approval to manufacture its PLacental eXpanded cell products in its new commercial-scale cell manufacturing facility from the U.S. Food and Drug Administration, or FDA. This is the second regulatory approval for the company's 3D cell manufacturing process, having received approval in Germany last January. Shares of Pluristem are up over 6% in premarket on this news.
Is this a company worth k…