Stem-Cell Embryo-Safe Process: Overhyped Bullshit?

The Weekly Standard notes the "breakthrough" wasn't a breakthrough at all:

While ACT did indeed issue a press release heralding its embryonic stem cell experiment as having “successfully generated human embryonic stem cells using an approach that does not harm embryos,� the actual report of the research led by ACT chief scientist Robert Lanza, published in Nature[,] tells a very different story. In fact, Lanza destroyed all 16 of the embryos he used, just as in conventional embryonic stem cell research.

BizzyBlog thinks there might be a case here for the SEC, as ACT is a publicly traded company, if they did indeed make a materially misleading statement to the public.

As a crush of new investors just drove their stock price up by a factor of about 10, there seem to be a lot of people who may have a case against ACT if the statement was misleading and relied upon investors.

Thanks to Larwyn.

Correction: Post caveated more per BizzyBlog's request, who thought I overstated his conclusions.

posted by Ace at 09:51 AM

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