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Hemostemix Inc V.HEM

Alternate Symbol(s):  HMTXF

Hemostemix Inc. is a Canada-based clinical-stage biotechnology company. The Company’s principal business is to develop, manufacture and commercialize blood-derived stem cell therapies to treat various diseases. It is an autologous stem cell therapeutics company that holds 91 patents on the derivation of three stem cell lineages from the patient’s blood, including angiogenic cell precursors (ACP-01), neuronal cell precursors, and cardiomyocyte cell precursors. ACP-01 is a lead clinical-stage candidate, like NCP-01 and CCP-01, is generated from the patient’s blood. The Company is engaged in providing treatment for ischemia, such as ischemic cardiomyopathy, angina, peripheral arterial disease including critical limb ischemia. The Company’s proprietary technology is a personalized regenerative therapy that is administered to a patient within seven days of the initial blood draw. Its subsidiaries include Kwalata Trading Limited, Hemostemix Ltd., and PreCerv Inc.


TSXV:HEM - Post by User

Bullboard Posts
Post by barmac6on Jan 17, 2012 10:30am
372 Views
Post# 19411728

Why we are up today?

Why we are up today?

Defense and Transportation DepSecs Tell FCC to Nix LightSquared

January 16, 2012


 


 

Ashton Carter, U.S. deputy secretary for defense, and John Porcari, deputy secretary for transportation, have written an official letter to the assistant secretary for commerce, stating that "there appear to be no practical solutions or mitigations that would permit the LightSquared broadband service." Carter and Porcari are co-chairs of the National Executive Committee for Space-Based Positioning, Navigation, and Timing. This represents the strongest intra-government statement to date on the issue.

Their letter further states that "both LightSquared's original and modified plans for its proposed mobile network would cause harmul interference to many GPS receivers. Additionally, an analysis by the Federal Aviation Administration has concluded that the LightSquared proposals are not compatible with several GPS-dependent aircraft safety-of-flight systems."

"No additional testing is warranted at this time," the authors conclude.

They further propose to "draft new GPS spectrum interference standards that will help inform future proposals for non-space, commercial uses in the bands adjacent to the GPS signals."

No response has emerged from either the Federal Communications Commission or the National Telecommunications and Information Administration, the two bodies charged with making a determination on the issue. But the letter appears to signal a coming end to a conflict that has occupied many, and tied up many resources and consumed many millions of dollars, for the past year.

One source commented, off the record, that "Our hope is this will be the end of the matter, and the FCC will withdrawal its initial approval and inform LSQ they must seek the 500 MHz in a different portion of the spectrum."

See the full text of the PNT Excomm letter.

Bullboard Posts

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