CARLSBAD, CA--(Marketwired - May 14, 2013) - International Stem Cell Corporation (OTCQB: ISCO) (www.internationalstemcell.com) ("ISCO" or "the Company"), a California-based biotechnology company developing novel stem cell based therapies, today announced financial results for the three months ended March 31, 2013. "We've made excellent progress in the first quarter, showing, for the first time, how neuronal cells developed from our unique and powerful stem cell platform can be used to treat Parkinson's disease in the most widely accepted primate model of the disease, and presenting these results at one of the most important neurology conferences in the world," said Dr. Andrey Semechkin, the Company's CEO and Co-Chairman. "We have also published our innovative and efficient new method of creating these neuronal cells in a well respected peer-reviewed scientific journal, further consolidating ISCO's leadership position," continued Dr. Semechkin. "In addition, the strong sales growth achieved by our subsidiaries confirms that the sales and marketing tactics we have been implementing are starting to deliver the results we anticipated and begin to partially offset our core Research and Development expenses. At the same time we continue to challenge ourselves to become ever more efficient and this continued vigilance is reflected in both the reduced … Continue reading
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