StemCells Finds White Knight In Microbot
In May 2016, results from StemCell Inc.’s Phase II study of its only product still in development, a preparation of human neural stem cells for the treatment of chronic spinal cord injuries, suggested that there was little chance of the product ever becoming a commercial success. The company’s stock plummeted 80% overnight. Then, in August, when all appeared to be lost, StemCells announced that it was entering a strategic merger agreement with the Israeli company Microbot Medical Ltd., which researches and develops micro-robotic assisted medical technologies.
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The health care industry has come a long way in the past 35 years, although in some areas very little has changed. Recently retired In Vivo editor Peter Charlish has seen most of the major developments, and in his final feature, he looks back at some of the big stories in a reporting career that began in the early 1980s.
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