Athersys, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2021
November 15, 2021 at 04:09 pm EST
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Athersys, Inc. reported earnings results for the third quarter ended September 30, 2021. For the third quarter, the company reported revenue was USD 4.79 million compared to USD 0.086 million a year ago. Net loss was USD 16.18 million compared to USD 22.54 million a year ago. Basic loss per share from continuing operations was USD 0.07 compared to USD 0.11 a year ago. Diluted loss per share from continuing operations was USD 0.07 compared to USD 0.11 a year ago.
Athersys, Inc. is a biotechnology company focused primarily on the field of regenerative medicine. The Company is engaged in the discovery and development of therapeutic product candidates to address unmet medical needs in multiple disease areas. Its MultiStem (invimestrocel) cell therapy, which is an allogeneic stem cell product candidate, is its lead platform product and is in late-stage clinical development. MultiStem cell therapy includes treatment of critical care indications, neurological conditions, inflammatory and immune disorders, certain pulmonary conditions, cardiovascular disease, and other conditions. MultiStem cell therapy is manufactured from human stem cells obtained from adult bone marrow and these cells are alternatively obtained from other tissue sources. It is conducting a Phase III clinical trial of MultiStem cell therapy for the treatment of ischemic stroke, referred to as MultiStem Administration for Stroke Treatment and Enhanced Recovery Study-2 (MASTERS-2).
ATHERSYS, INC. 
