Point Roberts, WA - March 6 2013 (Investorideas.com Newswire) Investorideas.com staff: Investorideas.com, an investor research portal specializing in sector research for independent investors issues a trading alert for microcap biotech stock, Bio-Matrix Scientific Group Inc. (OTC : BMSN ), currently trading at $0.0144, up 0.0010(7.46%) as of 10:11AM EST. The stock had a morning high of 0.0155.
Investorideas.com reported on the stock breaking previous trading
patterns on February 15 th, noting a technical breakout. The stock
pulled back and settled into another trading range that broke out in the
past two days.
On February 5 th, Regen BioPharma a wholly-owned subsidiary of Bio-Matrix Scientific Group Inc. (OTC : BMSN
), announced filing of an Investigational New Drug (IND) application
with the FDA to initiate clinical trials assessing the company's
HemaXellerate I™ stem cell drug in patients with drug-refractory
HemaXellerate I™ is a patient-specific composition of cells that
have previously been demonstrated to repair damaged bone marrow and
stimulate production of blood cells based on previous animal studies.
The company, together with an internationally-renowned group of stem
cell researchers, recently published the scientific basis for the
HemaXellerate I™ product which may be found at http://www.translational-medicine.com/content/pdf/1479-5876-10-231.pdf.
5 day chart
About Bio-Matrix Scientific Group Inc. and Regen BioPharma, Inc.:
Bio-Matrix Scientific Group, Inc. (BMSN) is a biotechnology company
developing regenerative medicine therapies. The Company is focused on
human therapies that address unmet medical needs. Specifically,
Bio-Matrix Scientific Group Inc. is looking to increase the quality of
life through therapies involving stem cell treatments. These treatments
are focused in areas relating to cardiovascular, hematology, oncology
and other indications.
Regen BioPharma, Inc., a subsidiary of Bio-Matrix Scientific Group,
Inc. ( PINKSHEETS : BMSN ), is a biotechnology company focused on
identifying undervalued regenerative medicine patents in the stem cell
space and rapidly advancing these technologies through pre-clinical and
Phase I/ II clinical trials. To follow our development, visit us at www.regenbiopharma.com.
More info on BMSN: http://www.otcmarkets.com/stock/BMSN/quote
As always, investors need to be aware of risks of investing in microcap OTC stocks.
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