Athersys

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Angiotech Pharma sells Lifespan vascular graft business for $2.8M

LeMaitre Vascular Inc. (NASDAQ:LMAT) picked up Angiotech Pharmaceuticals Inc.’s (NASDAQ:ANPI) Lifespan vascular graft business for $2.8 million and spiked a distribution deal Angiotech had with former Lifespan owner Edwards Lifesciences Corp. (NYSE:EW). Burlington, Massachusetts-based LeMaitre said it paid a multiple of 1.8 times the Lifespan revenues from the last 12 months for the vascular prosthesis, […]

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Former shareholders sue Angiotech Pharma for lying

A group representing former shareholders of Angiotech Pharmaceuticals Inc. (NSDQ:ANPI) subsidiary Quill Medical Inc. are suing both companies. QSR Holdings Inc. alleges that Angiotech concealed damaging information about the sales performance of a Quill product prior to Angiotech's acquisition of the company. It also alleges that Angiotech acted to deliberately reduce future milestone-related payments to QSR. Cleveland's Athersys is an Angiotech partner.

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Angiotech Pharmaceuticals struggles to reduce debt

Angiotech Pharmaceuticals Inc. (NSDQ:ANPI) deferred $9.7 million in interest payments on debt that were due Oct. 1, looking to "effectuate a transaction that would materially reduce the company's existing debt levels," the company said. Angiotech is working with Cleveland, Ohio-based Athersys to develop an adult stem cell therapy for heart attack patients.

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In-vitro fertilization pioneer wins Nobel Prize (Morning Read)

Robert Edwards of Britain, an 85-year-old professor emeritus at the University of Cambridge who started working on in-vitro fertilization as early as the 1950s, won the 2010 Nobel Prize in medicine on Monday for developing the breakthrough that has helped millions of infertile couples worldwide have children, according to the Associated Press in the Washington Post.

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Power of Athersys stem cells may be underestimated, analyst says

WBB Securities analyst Steve Brozak isn't sure whether people understand how much better the stem cell therapy of Cleveland, Ohio-based Athersys Inc. is for treating heart attacks than the standard-of-care treatment. Brozak raised his rating on Athersys stock to "strong buy" from "buy" in light of clinical evidence that could change the way heart attack patients are treated.