Zacks Investment Research upgraded shares of International Stem Cell (OTCMKTS:ISCO) from a hold rating to a buy rating in a research report report published on Friday. They currently have $1.75 price target on the biotechnology company’s stock.
According to Zacks, “International Stem Cell Corporation is a biotechnology company currently focused on developing therapeutic and research products. In the area of therapeutic product development, ISCO’s objective is to create an unlimited source of human cells for use in the treatment of several diseases, including diabetes, liver disease and retinal disease through cell transplant therapy. In furtherance of this objective, ISCO has developed pluripotent human stem cells from unfertilized human eggs, and techniques to cause those stem cells to be differentiated into the specific cell types required for transplant. It has developed manufacturing protocols to produce the cells minimizing contamination with animal by-products, a characteristic likely to be important in meeting U.S. Food and Drug Administration requirements. ISCO also provides the specialized cells and growth media needed for therapeutic cell transplantation research to academic and commercial researchers in related fields. “
OTCMKTS ISCO opened at $1.60 on Friday. The stock has a market capitalization of $10.66 million, a price-to-earnings ratio of -1.09 and a beta of -0.24. International Stem Cell has a 1-year low of $1.25 and a 1-year high of $1.77.
About International Stem Cell
International Stem Cell Corporation focuses on the development of therapeutic and biomedical products worldwide. The company's products are based on human parthenogenetic stem cells, a proprietary type of pluripotent stem cell. It develops various cell types, including neural stem cells for the treatment of Parkinson's disease and other central nervous system disorders; liver cells to treat various congenital and acquired liver diseases; and islet cells for the treatment of diabetes.
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