TORONTO, ONTARIO--(Marketwire -04/26/12)- Stem Cell Therapeutics Corp. (SSS.V - News) ("SCT" or the "Company") a life sciences development company of stem cell-related therapeutics, today reported its operational and financial results for the 2011 fiscal year, ended December 31. The second half of 2011 was dedicated to repositioning the Company as the commercialization partner of choice for early-stage stem cell-related technologies in regenerative medicine for Canadian and international research institutions. SCT is actively working towards identifying possible acquisitions of stem cell-related technologies from research institutions or other private companies who are unable to access the public capital markets. In December 2011, the Company announced important organizational changes resulting in a reduction of overhead expenses. The reorganization of the Company's management team positioned SCT as a fully operational life sciences development company. In addition to the CEO function, positions such as Chief Financial Officer, Chief Medical Officer, Vice President of Development, and Director of Intellectual Property have been filled. The cost of maintaining this fully-staffed organization has been minimized by retaining the executives on an as-needed basis. The Company continues to actively manage its existing patent portfolio, underpinning the potential products from the research of Dr. Sam Weiss of the University of … Continue reading
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