DD thread for CLBE - Page 2  

That the debate is happening at all is the result of a deal brokered by Frist, who broke a yearlong standoff between supporters and opponents of the legislation. To satisfy opponents and clear objections blocking the debate, Frist also is allowing votes on two related bills. One, sponsored by Sen. Rick Santorum, R-Pa., would encourage study on stem cells derived from sources other than embryos. The other, sponsored by Santorum and Sen. Sam Brownback, R-Kan., would ban so-called "fetal farming," the possibility of developing fetuses and aborting them for scientific purposes. Those two bills are uncontroversial. The House is expected to approve them Tuesday by voice vote, and Bush is expected to sign them.

The above info was taken from an article on MSN today. That article can be read at http://www.msnbc.msn.com/id/13903040/

This is why I believe CLBE will be at a dollar at some point in the reasonable near future:

http://www.washingtonpost.com/wp-dyn...071201425.html

<<In a delicate election-year balancing act, Frist also will bring up a measure that would ban so-called "fetal farming," described as growing fetuses for the sole purpose of harvesting tissue. The other would fund research for stem cells derived from adults.

The House would then act quickly to pass the two non-controversial bills and all three would be sent to Bush for his signature. Bush would veto the embryonic bill and sign one or both of the others, giving him and social conservatives in Congress fresh evidence to present to voters this fall that they support stem cell research.>>


Next year, I wouldn't be surprised to be sitting around waiting on a PR from CLBE that they are going to get Federal funding for their part in Adult Stem Cell research.

The major news networks are now running stories on this. Just saw stories on CNN and Fox. This week should get lots of coverage.

Showdown expected over stem cell bills

http://www.burlingtonfreepress.com/a...10/1009/NEWS05


Bush veto awaits stem-cell research bill

http://www.cantonrep.com/index.php?I...61&Category=23

the quote from the above articles =>

"The bills would then move to the White House. Rep. Mike Castle, R-Del., who authored the original bill, said he expects the president to veto the embryonic bill quietly, then hold a signing ceremony for the adult stem cell bill, touting his support for stem cell research."

"Opponents of the bill are, like Bush, firm in their belief that destroying embryos for science is immoral. They say that adult stem cell research is closer to curing some diseases."

and from one of our newsest members

Hey - I'm new to this thread but I just wanted to clear up a bunch of misconceptions out there. I work in politics in DC and know what I am talking about. There are three bills out there. One bill would expand federal funding for research using cells derived from embryos. The two other bills the Senate will pass tonight include one steering funding toward stem-cell research that does not involve embryonic cells (the only one everyone in CLBE should care about) and another banning the practice of "fetal farming," the development of embryos for the sole purpose of research.

Bush will only veto the embryonic funding bill!!! He supports the other bills!! Good article from National Journal's Congress Daily - it's subscription so you might not get it.

FYI - Watching C-Span 2 (part of the job) and they are voting right this minute on the only bill that anyone here should care about - financially speaking, that is.

HEALTH
Stem Cells Might Be Making Last Appearance In Congress
With the Senate set to cast its last stem-cell vote of the year today and a presidential veto a foregone conclusion, backers of expanding embryonic stem-cell research might have a long wait before the issue comes up again. To be sure, supporters of the House-passed stem-cell bill are vowing to continue to press the issue despite the White House and parliamentary roadblocks. "I intend to find any moving vehicle I can, any bill that might be germane, to attach this to," said Rep. Diana DeGette, D-Colo., who authored the House-passed bill with Rep. Michael Castle, R-Del. Democrats also have political reasons for keeping the topic alive: They believe the issue is a political winner for them. "This issue is not going away," said Senate Health, Education, Labor and Pensions ranking member Edward Kennedy, D-Mass. "There are some issues you cannot get off the national agenda ... this is one of them."
But under the consent agreement the Senate adopted for considering the stem-cell bills, no other stem-cell bill or amendment will get a vote in the chamber this year. And some see the Senate outlook under Majority Leader Frist, who supports the embryonic stem-cell bill, as the most favorable for the legislation for the foreseeable future. Frist, who is retiring at the end of this session, is expected to be succeeded by Majority Whip McConnell, who is opposed to the bill, if the GOP maintains the Senate majority. No similar agreement precluding additional stem-cell votes exists in the House, although the chamber's GOP leaders oppose more votes, making it unlikely they would give backers of the bill another chance to bring up the divisive issue.
Meanwhile, the Castle-DeGette bill is expected to easily garner the 60 votes later today needed to pass the Senate. But both sides are watching how many more votes it nets: Backers are aiming for a symbolic 67 votes -- the number potentially needed to override a presidential veto -- while opponents are aiming to keep the number low. The House this evening is set to clear two additional stem-cell bills after the Senate passes them. One would ban the practice of "fetal farming," the creation of embryos for research, and the other would direct federal funding to stem cell research that does not rely on embryos. White House Press Secretary Tony Snow today said President Bush will waste no time vetoing the legislation altering the president's 2001 policy restricting research on embryonic stem cell lines once the bill makes its way to the White House. "My understanding is it will be pretty swift," Snow said of the promised veto. Snow said there would be no ceremony marking the veto, though there might be a signing ceremony for the two related stem-cell bills the president supports. -- by Emily Heil

A live feed of CSPAN2 can be seen here: http://www.c-span.org/watch/cspan2_w...at=TV&Code=CS2

Post from HSM

Quote:
Originally Posted by ottoI agree that the US Federal Government should not be viewed as the only factor here. If embryonic research makes some strides then money will pour into it from other sources. Also, IMO, even if the embryonic research funding bill was not going to be vetoed, it would not be catastrophic for adult stem cell companys. But, at least for now, that is a moot point.

This catastrophic stuff is nonsense. Everyone pay attention.

As I understand it, Calbatech has formed their company to be compliment to all stem cell research.

They gained access to the National Institute of Health and major druggies through KD Medical:
Quote:
In 2004, we acquired KD Medical, a company in Columbia, Maryland, that supplied research products to more than 300 National Institute of Health (NIH) laboratories, as well as most of the major pharmaceutical companies.

One of their divisions is dedicated to producing delivery systems to provide stem cells to the organs that need it:
Quote:
In 2004, we purchased I-Stem from Dr. Jason R. Van Tassell, M.D. I-Stem owned the intellectual property to the Stem Cell Delivery Device, an endoscopic device capable of delivering adult stem cells directly to infarcted cardiac tissue.

Then they began to working on banking adult stem cells:
Quote:
Subsequently the Company formed LifeStem, Inc., a wholly-owned subsidiary, to further I-Stem as well as to enter the new emerging field of banking adult stem cells for autologous use.

Quote:
We therefore developed the process of harvesting stem cells in micro quantities to be cryopreserved for future transplantation into the client.

Quote:
LifeStem's Adult Stem Cell MicroBank(TM) is the only company to offer "micro" collections of stem cells from two different tissue sources thereby offering greater potential for treatments for multiple diseased conditions.

Then they began spreading their collection sites, first with
Quote:
To this end, in December 2005, we signed a distribution agreement with Solana MedSpas, a developer and syndicator of medical spas, with 25 medspas currently open and operating and plans for more than 50 additional locations to open during 2006.

Also with:
Quote:
We are also working to contract with physician's offices to carry our Stem Cell MicroBank(TM) Service and believe that cosmetic surgeons, cardiologists, and orthopedists will be excellent distribution sites.



We are talking about a company that is very well placed for what some have called the only significant technological revolution since the microchip.

There is no catastrophy save the promise of stem cells never bearing fruit.

Very unlikely, IMO.

I see I DID NOT get my .065's!! someone cut in front I guess!

it was an AON so it don't surprise me,if I keep it an open buy they usually only give me 5k,hit me with the commish and then move the damn ask up!!

lookslike FHAL'rs are jumping ship now