With Its Stem Cell Therapies a Bust, Pioneering California Company to Shut Down

June 2, 2016

(STAT News) – A pioneering California company that’s spent tens of millions and nearly three decades trying to develop therapies using stem cells is shutting down after failing to move treatments through clinical trials — but advocates of stem cell treatments say they’re convinced the approach still holds great promise. StemCells Inc., based in Newark, Calif., has long been seen as a leader in regenerative medicine. The field aims to use highly flexible stem cells — which have the potential to develop into heart, muscle, brain, or any other type of cell — to heal damaged tissues and organs.