StemCells, Inc., Discloses How it Will Generate $40 Million in Matching Funds
StemCells, Inc., said yesterday that it will come up with the $40 million needed to match loans from the California stem cell agency through “existing infrastructure and overhead” and will not be issuing stocks or warrants to the agency.
In a statement to shareholders, Martin McGlynn, CEO of the publicly traded firm, discussed the $40 million in loans aw…
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