CARLSBAD, Calif., Oct. 02, 2018 (GLOBE NEWSWIRE) -- International Stem Cell Corporation (OTCQB: ISCO) (www.internationalstemcell.com) ("ISCO" or "the Company"),
a California-based clinical stage biotechnology company developing novel stem cell-based therapies and biomedical products,
announced today that it raised $500,000 from a private investor not affiliated with the Company or its management, at a price of
$1.75 per common share, which represents a premium of over 14% compared to the closing price on September 21, 2018, the date of
execution of the agreement for this transaction.
“I’m glad that there are committed investors, who are not only believers in our stem cell technology, but also
believers in our Parkinson’s disease clinical trial progress, and who recognize our progress and our preparations for entering the
phase 2 clinical trials soon", - commented Dr. Andrey Semechkin, ISCO's Co-Chairman and CEO.
About International Stem Cell Corporation
International Stem Cell Corporation (ISCO) is focused on the therapeutic applications of human parthenogenetic stem
cells (hpSCs) and the development and commercialization of cell-based research and cosmetic products. ISCO's core technology,
parthenogenesis, results in the creation of pluripotent human stem cells from unfertilized oocytes (eggs). hpSCs avoid ethical
issues associated with the use or destruction of viable human embryos. ISCO scientists have created the first parthenogenetic,
homozygous stem cell line that can be a source of therapeutic cells for hundreds of millions of individuals of differing genders,
ages and racial backgrounds with minimal immune rejection after transplantation. hpSCs offer the potential to create the first true
stem cell bank, UniStemCell™. ISCO also produces and markets specialized cells and growth media for therapeutic research worldwide
through its subsidiary Lifeline Cell Technology (www.lifelinecelltech.com),and stem cell-based skin care products through its subsidiary Lifeline Skin Care (www.lifelineskincare.com). More information is available at
www.internationalstemcell.com.
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Safe harbor statement
Statements pertaining to anticipated developments, clinical studies expectations (including timing and results)
potential applications for the Company’s technologies and other opportunities for the Company and its subsidiaries, along with
other statements about the future expectations, beliefs, goals, plans, or prospects expressed by management constitute
forward-looking statements. Any statements that are not historical fact (including, but not limited to statements that contain
words such as “should,” "will," "believes," "plans," "anticipates," "expects," "estimates,") should also be considered to be
forward-looking statements. Forward-looking statements involve risks and uncertainties, including, without limitation, risks
inherent in the development and/or commercialization of potential products, receipt of regulatory approvals, need and ability to
obtain future capital, application of capital resources among competing uses, and maintenance of intellectual property rights.
Actual results may differ materially from the results anticipated in these forward-looking statements and as such should be
evaluated together with the many uncertainties that affect the Company's business, particularly those mentioned in the cautionary
statements found in the Company's Securities and Exchange Commission filings. The Company disclaims any intent or obligation to
update forward-looking statements.
Contacts:
International Stem Cell Corporation
Russell Kern, PhD
Executive Vice President, CSO
Phone: 760-940-6383
Email: ir@intlstemcell.com
