Amarantus BioSciences, Inc. (OTC:AMBS) on Close Watch
Amarantus BioSciences, Inc. (OTC:AMBS) made a spectacular move up earlier this year from lows of $0.004 to highs of $0.09 per share. Smart investors who got in early made explosive gains.
Since then the stock has dropped considerably and now sits just below $0.03 with all the positive developments in recent months investors are hoping AMBS can regain its previous highs.
Amarantus Bioscience, Inc. is a development-stage biotechnology company founded in January 2008. The Company has a focus on developing certain biologics surrounding the intellectual property and proprietary technologies it owns to treat and/or diagnose Parkinson's disease, Traumatic Brain Injury and other human diseases.
AMBS owns the intellectual property rights to a therapeutic protein known as Mesencephalic-Astrocyte-derived Neurotrophic Factor; MANF and is developing MANF-based products as treatments for brain disorders. The Company also is a Founding Member of the Coalition for Concussion Treatment a movement initiated in collaboration with Brewer Sports International seeking to raise awareness of new treatments in development for concussions and nervous-system disorders.
AMBS run was due in part to the appointed Amgen Co-Founder Joseph Rubinfeld, PhD to its Corporate Advisory Board. Dr. Rubinfeld will assist management in positioning the Company's development programs for partnering, as well as provide guidance on MANF-based small molecule strategies with his extensive medicinal chemistry background.
"I believe in MANF," said Dr. Rubinfeld, "I have reviewed a great number of technologies in my 45 year career in the biopharmaceutical field, and I believe that MANF could be one of the biggest successes that I have ever seen"
OTCMAGIC has recently published a new article on AMBS. To find out more about this stock and what OTCMAGIC projects for Amarantus BioSciences both short term and long term please go here: AMBS
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